As the cryptocurrency landscape progresses, the inherent problems associated with centralized exchanges have increasingly become critical. Presently there are over 200 crypto exchanges across the globe, out of which a majority are based on a centralized architecture. While centralized exchanges offer speed and high liquidity, challenges such as lack of security, rigid processing, privacy threats, etc., cannot be overlooked. These aforementioned challenges associated with a centralized structure highlight the dire need for decentralized crypto exchanges.
DexAge – A Streamlined and Decentralized Solution
To eliminate the challenges mentioned above, DexAge introduces a promising exchange solution that harnesses the decentralized peer-to-peer transaction system of blockchain technology. By introducing blockchain into the process, the ecosystem intends to build a decentralized, trustless, and permissionless P2P trading and P2P lending platform in order to offer secure and autonomous crypto-trading process.
One of the highlights of DexAge system is that it is operated completely by its users, traders, and investors through a social web. The platform aims to create a user-centric ecosystem wherein the company and users can mutually benefit from one another and develop together.
Core Features of DexAge
P2P Crypto to Crypto Exchange
The P2P Crypto to Crypto exchange allows users to be in control of their investments and trading activities within the networks. Moreover, all the transactions are processed via smart contracts that ensure effective and transparent trade settlement. The details of exchanges are updated in real-time and final authorization is executed through private keys. Crypto assets acquired by users are stored within permissionless individual wallets, which is entirely controlled by users.
The role of DexAge in the crypto-exchange process is limited to confirming the availability of adequate sufficient funds in each party’s account, verifying the credibility of the transaction, and balancing the trade requests from the order book.
P2P Fiat-Crypto Exchange
Along with crypto to crypto exchange, DexAge also enables its users to exchange their crypto assets into fiat money, thereby improving the liquidity of DXG tokens. Users can initiate the exchange by posting advertisements on the platform along with all the relevant information including exchange rate and payment method. Interested users can either directly meet up with the concerned party and pay in cash or trade through online banking. Crypto assets, on the other hand, can be directly sent from the personal wallets of the users.
P2P Crypto Lending
The P2P crypto loan services enable users to retain their digital assets in case they predict a rise in its market value in the near future. Users can stake their crypto assets as collateral and obtain a loan of the same value to expand their investment profile
Mobile Chat DAPP
DexAge aims to harness the growing crypto-social relationship to connect all its users on a social web. Moreover, the platform will introduce a P2P mobile chat application wherein users will be able to implement exchange and trade while interacting with the concerned party. This communication app will offer:
- Crypto to crypto exchange
- P2P Lending
- Escrow trading
- DXG chat
DexAge Listing Agreement
The token sale started on November 30th, 2018 and will continue till February 28th, 2019. Currently, it has issued 5 Billion DXG tokens and the soft cap value is set at USD 5 Million. The platform is accepting BTC, ETH, and LTC for payment, but intends to offer more cryptocurrencies in the near future. Users can buy the DXG tokens from the official website https://dexage.io. DexAge has also secured a token listing agreement with Latoken and the latter will also be offering DXG token on its website from January 15th, 2019 and tokens will be listed to trading on Latoken post the crowdsale. The tokens are allotted in the following way:
- 45% – Crowdsale
- 15% – Team
- 15% – Reserved
- 10% – Airdrop and Bounties
- 5% – Core Investors
The fund collected from the token sale will be allocated in the following manner:
- 40% – Marketing, branding, and education
- 40% – Platform development
- 20% – Contingency Plan
DexAge – A Decentralized Crypto-Trading Infrastructure
DexAge envisions to create a trustless, permissionless, and autonomous P2P crypto exchange and trading platform that is completely operated and managed by its users, traders, and investors via an extensive social web. By empowering its users, the platform offers a flexible, transparent, secure trading experience that further boosts the profit-earning opportunities for traders and investors alike.
For more information visit https://dexage.io/
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