ByteDex Exchange — Hybrid Decentralized Crypto Exchange

In the cryptocurrency industry, there are two types of exchange platforms: centralized exchange platforms and decentralized exchange platforms. Both platforms have advantages and cons, such as the fact that a centralized exchange platform is more controlled than a decentralized exchange platform. Furthermore, because a decentralized network does not control user assets, it is more safe than a centralized exchange platform. There are several benefits and drawbacks to both centralized and decentralized exchange platforms.

However, there is now a hybrid crypto exchange platform that mixes centralized and decentralized exchange systems, and this is what ByteDex Exchange is using. ByteDex Exchange is a decentralized hybrid crypto exchange that combines the benefits of both centralized and decentralized crypto exchange platforms. Users may trade safely, maintain their assets, and trade freely without involvement from any entity, including ByteDex Exchange.

Hybrid Crypto Exchange

In the dictionary, hybrid implies merging two things into one in order to get superior outcomes. Similarly, crypto developers mix decentralized and centralized exchange platforms to provide consumers with a good and trustworthy exchange platform. Developers can give customers with a crypto exchange platform that allows them to trade safely and manage their assets freely without intervention, among other benefits, by combining the advantages of a centralized and decentralized crypto exchange. Seeing this, ByteDex Exchange aspires to create a hybrid crypto exchange platform, with central administration and a double-tier blockchain framework, where users may freely trade or manage their assets. ByteDex Exchange utilizes both centralized and decentralized exchanges and provides them to users.

Unlike other exchange platforms, ByteDex Exchange created its own blockchain technology, which would subsequently protect the site and manage huge transaction volumes.

Features

ByteDex Exchange is a hybrid crypto exchange platform that enables users to trade safely and more freely manage their assets. By combining the benefits of a centralized and decentralized exchange, ByteDex Exchange can provide customers with a reliable exchange platform. ByteDex Exchange has the following features:

  • ByteDex Liquidity Solution: A solution that allows customers to trade with over 300 trading pairs.
  • ByteDex Dapps: On the ByteDex Blockchain, crypto developers may create safe and advanced Dapps.
  • ByteDex Token Launcher: Project owners may easily and rapidly build and launch their tokens on the ByteDex Exchange.
  • ByteDex Token: ByteDex Exchange’s native coin that users may stake to generate passive revenue.
  • OTC Platform: A secure cryptocurrency trading platform that makes it simple for consumers to trade using ByteDex Assurance.
  • ByteDex Brokers: Traders can trade with their customers using the ByteDex Exchange’s dedicated interface.
  • Byte Wallet: A digital wallet supplied by ByteDex Exchange to let customers safely store their cryptocurrency.
  • Payments and Fiat Money: A cryptocurrency asset trading function that accepts credit and debit cards from all around the world.

Tokenomics

ByteDexCoin is the native token of ByteDex Exchange, and it will function as a utility coin. ByteDexCoin, like the other coins on the exchange, will serve as the platform’s primary payment method and will aid in its development. In addition, ByteDexCoin will be used for commissions, staking, rewards, and any other transactions. ByteDexCoin, based on Tron TRC-10, will be released with a total quantity of 1,000,000,000 tokens. If consumers want to own ByteDexCoin, they can participate in the token sale campaign conducted by ByteDex Exchange. By participating in this program, consumers have the option to participate at a cheap cost and benefit subsequently.

Conclusion

Both centralized and decentralized exchange platforms have advantages and downsides. However, when merged, these two systems can provide a dependable crypto exchange platform. As a result, ByteDex Exchange was created with a hybrid system, which is a blend of a centralized and decentralized exchange platform, allowing users to trade safely and more freely control their assets. By using a hybrid approach, ByteDex Exchange can be more regulated and targeted while without interfering with trade or user digital assets.

More Info

WEB: https://bytedex.io/
TELEGRAM: https://t.me/ByteDexGlobal
TWITTER: https://twitter.com/ByteExchange
FACEBOOK: https://www.facebook.com/ByteDecentralizedExchange

— — — — — — — — — — — — — — — — — — — — — — — — — — —

Author

BTT Username: Cryptolakshi
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=2813018
POA Post: https://bitcointalk.org/index.php?topic=5349907.msg57641162#msg57641162
TRC20 Address: TU9i5HpMrVPwUHCpTBchrg9ajk3fAXnDjb

Review ICO, IEO, Exchange Contact Info: cryptoarindu@gmail.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Integrating with Polygon

LUNA RUSH x BSC STATION

May 2021 Update: Ludena’s NFTs, Cookie Run Kingdom slash Paycoin collaboration, Metaverse…

Azbit CEO Max Zmitrovich & John McAfee Discussed Security Issues

RelayNode SoCal: August 19, 2019

Sins Finance Announcement

XY Finance KCC Trading Competition LIVE with $4,000 $XY and $KCS in Prizes

Merged Mining: A novel feature from Computecoin

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Akalanka Aoki | Review Project

Akalanka Aoki | Review Project

Review ICO, IEO, Exchange Contact Info: cryptoarindu@gmail.com

More from Medium

Gummys Advisor: Introducing Guido Schmitz Krummacher

2021 Developer Grants Wrap

Cash rewards Jeetne ja Moka by playing on Pro-Cric

KYC & AML Screening Solution Providers | Argos KYC