TDX is One of the Best Exchange Tokens to Invest in. Here’s Why

Having been around since 2016, TIDEX has weathered plenty of supposed crypto deaths, winters and bear markets. It’s shown resilience through the ups-and-downs of this space and has only gotten better and better.

TIDEX’s exchange token, TDX, is a tangible means for our community to be a part of the continued growth of the platform, we want to encourage users to be a part of the journey.

Tokenomics is obviously nothing new, and there’s no shortage of horror stories out there with regards to mismanaged DeFi tokens. So, let’s take a step back and objectively look at how a DeFi token should be appraised then we’ll look at how TIDEX and TDX fit that bill.

How to Value DeFi Tokens

DeFi tokens are indicative and representative of the nature of DeFi itself.

However, establishing a specific exchange or protocol token’s value can be fairly complex. Be careful not to buy into any ‘umbrella’ metrics or at least, look beyond the market caps. As assets build, refine, repurpose, and divert all the time to accommodate new projects before they’re in any kind of circulation that makes them visible to the market cap. Because of this, it’s inherently flawed as a valuation quantifier. To truly understand a DeFi token’s value, there’s many different aspects to consider.

The self-regulatory nature of crypto means that you’re never really a google search away from knowing the real story of utility/governance token’s value. It’s a collaborative community with DeFi serving as the framework to allow economic activity — incentivised by user participation with interest, fees and token-specific rewards — within that framework.

Value creation in DeFi is down to how well you engage, it doesn’t pivot or sway to socio-economic pressures, it’s about how you reward users for using your exchange or protocol’s economy, and whether you’ve created an intuitive environment that engenders economic activity.

Tidex Token (TDX)

That brings us to TIDEX and our token, TDX. Launched earlier this year, TDX designed to give users access to a number of services and functions within the exchange.

The token lets you use TIDEX to its fullest potential. We have big plans for the exchange to further solidify us as one of the safest, most reliable and easiest to use CEXs out there — we’re confident that TDX will be a savvy investment. Despite launching in the midst of the crypto winter, the token has increased in value significantly since its launch.

So, what can TDX be used for?

• The TDX token is needed for various transactions within the Tidex ecosystem.
• Payment of Maker-Taker commissions, on the spot and margin exchange transactions.
• Payments within The NFT Marketplace.
• Tidex fees.
• Listing fees.
• Participation in crowdfunding and the fundraising campaigns of community members.

Another important feature of the TDX Token to note is that token holders who choose the option to pay Exchanges Fees in TDX shall receive a certain discount on spot trading fees.

If you’re wondering how you should gauge your interest in something like TDX, ask yourself this:

• Does the exchange and its goals have intrinsic value?
• Is the TIDEX team capable of delivering the full scope of what they promise in their white paper?
• Do the Tokenomics support a sustainable business model or are there merely short term staking rewards?
• Is this Token providing a solution to a real problem or an imagined one?

Not many exchanges openly offer points with which users can use to put us under the microscope. But, in these times of uncertainty, we think arming users with knowledge and being transparent are key — it’s why we’ve been around longer than most of the exchanges out there.

A new kind of Metaverse

All the hype in the world and billions of dollars worth of investment so, why hasn’t Metaverse taken over the world as so many claimed it would?

In short, we think the spaces that have been built using the tech simply aren’t compelling — they’re sanitised, everything-for-everyone vehicles for mundane interactions.

We want to build a Metaverse for adults that’s honest about what people actually want to do with their spare time and money. Frankly, gambling and sex have been a constant in the pursuit of pleasure for almost our entire anthropological history. As such, we think it’s insane that Metaverse is being presented as a means to have more immersive Zoom calls.

This may be because gambling and sex are activities that don’t play well with advertisers or mainstream media, but we think incorporating these things into Metaverse in a compelling way is a lot more groundbreaking and noteworthy than adding legs to an avatar.

Our Metaverse will be something akin to an adult entertainment district with gambling, strip clubs and… we can’t stress enough, actual people in it to interact with. It will work symbiotically with the TIDEX ecosystem, built on the TDX token, which will play a huge role in how you interact with our Metaverse — the TDX you have now or acquire in the near future will have a huge range of functionality in the TIDEX Metaverse.

What we’re building hasn’t been done before in the Web3 space — nothing beyond the realm of cheap and tacky, anyway. It will be driven and governed by TDX — another reason why we’re confident in the future of the token.

So watch this space because, let’s be honest, no one else will be brave enough to talk about a Metaverse with sex and money as its focus.