Instex — a new DEX on top of 0x protocol is live on Mainnet

Tim Reznich
Instex
Published in
3 min readMay 28, 2018

A few weeks ago we have launched Instex on Kovan testnet. You can see the introduction post with more details here.

Since then we’ve found and fixed a few bugs, improved UX and added Ledger wallet support.

Start trading today — https://app.instex.io

*We have 1 ETH max order size limit for 2 weeks.

Features

  • Metamask and Ledger support
  • Any ERC20 token trading
  • Free order creation and cancelation
  • No fee except gas while in Beta

Listed Tokens

We’re starting our exchange with 40 tokens listed:

  • Aeternity
  • AION
  • Basic Attention Token
  • BNB
  • Bytom
  • Centrality Token
  • COMSA
  • Dragon
  • Dentacoin
  • ELF Token
  • EOS
  • Ethereum Qchain Token
  • Ethos
  • FunFair
  • Golem Network Token
  • ICON
  • IOSToken
  • Kucoin Shares
  • Kyber Network Crystal
  • Maker
  • Mthereum
  • Nebulas Token
  • NucleusVision
  • OMGToken
  • Populous Platform
  • Parsecfrontiers
  • QASH
  • Revain
  • Reputation
  • RHOC
  • Status Network Token
  • Substratum
  • Tronix
  • VeChain Token
  • Veritaseum
  • Wax Token
  • Ether Token
  • Walton Token
  • Zilliqa
  • 0x Protocol

Get listed

We are open to any REAL project to get listed on our exchange.

Apply here: https://docs.google.com/forms/d/e/1FAIpQLSceoEv25A0ERJvW4Rd4N2BU5JC85T3DhXJNw0_aIW_eHbG5tg/viewform

We give you the ability to trade any ERC20 token by entering its address. Just click Trade by Address button.

How to trade

We’ve created a visual guide describing everything you need to do. When you visit Instex for the first time you’ll see a red pulse icon that will start the guide. Or you can click icon with question mark on the right side.

Fees

We’ll be in beta for a few months (depending on usage and number of bugs). While in beta, the only fee will be a gas fee for order matching.

We subtract it from amount of receiving tokens.

Each match costs us 200k-500k gas depending on number of matched orders.

At the moment we’re setting gas fee by hands. We’re working on dynamic gas fee calculation.

What are we working on

  • Push notifications
  • API for trading and trading bots
  • Mobile version — our exchange is already mobile ready (more or less) but we need to get it listed in mobile ethereum browsers (Trust, Cipher, Toshi, Status etc) and tune some code.
  • Dynamic gas fee calculation for matching
  • New token pairs (DAI and USDT)
  • Simple mode — buy and sell tokens in a few clicks
  • OTC (over the counter) orders
  • Real Limit Orders. Limit order is an order placed to buy or sell a set amount of a financial instrument at a specified price or better. As for now, orders are filled at specified price.
  • Russian and Chinese languages support

What are we are planning to work on

  • Integration with Shorting & Margin Trading provider (B0x, Dharma or dy/dx)
  • Upgrade to 0x v2 protocol
  • Abstraction over ZRX token as fee token
  • Network Liquidity
  • Build-in wallet
  • Desktop client — to give you the best and safest experience
  • Integrate with https://walletconnect.org
  • StableCoin Interface
  • Referral System for orders

Bugs and improvements

As every piece of software we have bugs. We will gladly accept any bug submissions and propositions to improve in any of our social media.

If you found a bug please tell us about it in our Telegram group.

Stay in touch

Telegram (Chat and Support) — https://t.me/instex

Twitter (News) — https://twitter.com/Instex_0x

Email (Partnerships) — hi@instex.io

FAQ — https://app.instex.io/faq

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