DexAge is very consistent with developing decentralization, clearly if without trust, unlicensed exchange platform where transaction control will occur in the hands of the user. The platform will be driven by the innovative concept of social networking, where interaction between users, traders and investors will influence the growth and development of the DXG platform. Our user centric platform will allow a myriad of peer to peer activities including crypto, crypto exchange, crypto trading, crypto fiat trading, P2P loans and DAPP DXG chat chatting. Because the platform will run on a decentralized blockchain network, all transactions will be audited and resistant to hacking because of their strong distributed architecture. By coordinating exchanges using smart contracts and involving user authorization during transactions, we will give real power to our users to control their operations on the DexAge platform.
There may be more than 200 crypto exchange platforms operating globally. even though many of them are able to handle large crypto volumes, the losses suffered by most of them make this transaction a risky business platform. The biggest risk-generating feature is centralized architecture, where single authorities control the complete funds of users, thus making them powerless and helpless in scenarios when exchanges are hacked or closed. For example, in 2016, at Bitfinex users lost around 12,000 BTC because it was hacked. With a centralized system comes network vulnerabilities that make such platforms vulnerable to hacking.
In addition, because of the lower base of liquidity, centralized exchange is also more vulnerable to local price differences and often fluctuates in crypto levels.
In addition, because of the lower base of liquidity, centralized exchange is also more vulnerable to local price differences and often fluctuates in crypto levels.
Cryptocurrency, with its various useful features, has been using the world's fintech by storm. Their transactions, which occur through an unreliable, decentralized platform called the blockchain, allow users to trade their crypto assets without the involvement of a central government agency. The effect of this autonomy is that cryptocurrency is a digital money system that is profitable and is not bound by any government regulations, interest rates and exchange rates. No restrictions government restrictions, these digital assets can be traded in various countries and can even be used to cross-transfer border money transfers.
The effects of these benefits have been proven in the cryptocurrency market, which includes tokens and coins, has increased since the launch of the first digital assets, Bitcoin, and showed growth of more than 3,000% in just 4 years from 2013 to 2017. With the rise of this digital currency, there is an increasing demand for platforms to buy and sell. At present, there are more than 200 exchanges platforms that operate globally including the main players are Coinbase, Kraken, Binance, Bitfinex, etc. Although many of these platforms handle crypto-trading volumes exceeding $ 1B every 24h, they are not without their share of weaknesses.
The biggest weakness of this exchange comes from them centralized architecture, which places full control of users' money on one authority, making users powerless in the event of an accident on the internet platform. For example, the hacking of Bitfinex in 2016 caused a loss of 12,000 BTC, which could not be handled effectively because of a lack of government intervention in trade crypto-exchanges. One of the main factors that make this centralized exchange far more vulnerable to hackers is their vulnerable infrastructure with single control point and solitary failure point. Like that
Network vulnerability has caused many cases of fraud to occur on this exchange, as happened in Mt.Gox.
In addition to security issues, the centralized exchange also produces often slippage of local prices due to a low base of liquidity. As there is only a single authority that decides on these exchange rules and regulations, the level of this cryptocurrency platform is more vulnerable to fluctuations compared to other financial markets. In addition, the transaction rules in crypto are centralized
DexAge ICO will be done on the blockchain Ethereum peron. For payment purposes, coins and tokens will be accepted in the form of BTC, ETH and EOS. Unsold DXG tokens left after crowd sales events will be burned.
The provision provided by DexAge is to lock every member team token for a period of one year.
The effects of these benefits have been proven in the cryptocurrency market, which includes tokens and coins, has increased since the launch of the first digital assets, Bitcoin, and showed growth of more than 3,000% in just 4 years from 2013 to 2017. With the rise of this digital currency, there is an increasing demand for platforms to buy and sell. At present, there are more than 200 exchanges platforms that operate globally including the main players are Coinbase, Kraken, Binance, Bitfinex, etc. Although many of these platforms handle crypto-trading volumes exceeding $ 1B every 24h, they are not without their share of weaknesses.
The biggest weakness of this exchange comes from them centralized architecture, which places full control of users' money on one authority, making users powerless in the event of an accident on the internet platform. For example, the hacking of Bitfinex in 2016 caused a loss of 12,000 BTC, which could not be handled effectively because of a lack of government intervention in trade crypto-exchanges. One of the main factors that make this centralized exchange far more vulnerable to hackers is their vulnerable infrastructure with single control point and solitary failure point. Like that
Network vulnerability has caused many cases of fraud to occur on this exchange, as happened in Mt.Gox.
In addition to security issues, the centralized exchange also produces often slippage of local prices due to a low base of liquidity. As there is only a single authority that decides on these exchange rules and regulations, the level of this cryptocurrency platform is more vulnerable to fluctuations compared to other financial markets. In addition, the transaction rules in crypto are centralized
DexAge is here to overcome all the challenges above with a promising crypto exchange solution that utilizes a decentralized peer-to-peer blockchain transaction system. The irony with the blockchain is that it is being used extensively in various sectors such as health care, banking, real estate for data storage, but is underutilized in one domain that was developed initially, that is, crypto trading.
So, after learning of the above deficiencies, the purpose of DexAge is to utilize blockchain technology and develop P2P trading and the unlicensed, decentralized and decentralized P2P loan platform that combines security and autonomy in the crypto trading process.
What distinguishes DexAge from other efforts in creating a decentralized exchange system is an ingenious business model, with which the whole
The DexAge ecosystem will be encouraged to use social networks between users, traders and investors. DXG's main goal is to build a user-centered ecosystem where companies and their users benefit from each other and grow and develop together.
Because of the low base of liquidity, many centralized exchange platforms create problems with liquidity. Especially in the case of smaller exchange platforms, which are characterized by daily trading volume in the range of 1k BTC, several supply and demand problems arise and problems with local price declines occur. The result is buyers are forced to cover costs along with network gas prices, which are 1-10% higher than the original transaction costs.
Centralized exchange requires users to provide their personal details to buy and sell from this platform. When KYC is conducted on this exchange, users must provide personal documents such as passports and other photo IDs. These documents are under the control of the central authority that can abuse or misuse the details of the document and create security problems for the user. In such monopolistic ecosystems, there is almost nothing that users can do once they invest.
The decentralized DXG platform allows P2P crypto to exchange crypto to empower users with complete control over fund movements on the Internet network. All transactions will be coordinated with smart contracts which will be responsible for carrying out trade settlement.
So, after learning of the above deficiencies, the purpose of DexAge is to utilize blockchain technology and develop P2P trading and the unlicensed, decentralized and decentralized P2P loan platform that combines security and autonomy in the crypto trading process.
What distinguishes DexAge from other efforts in creating a decentralized exchange system is an ingenious business model, with which the whole
The DexAge ecosystem will be encouraged to use social networks between users, traders and investors. DXG's main goal is to build a user-centered ecosystem where companies and their users benefit from each other and grow and develop together.
Because of the low base of liquidity, many centralized exchange platforms create problems with liquidity. Especially in the case of smaller exchange platforms, which are characterized by daily trading volume in the range of 1k BTC, several supply and demand problems arise and problems with local price declines occur. The result is buyers are forced to cover costs along with network gas prices, which are 1-10% higher than the original transaction costs.
Centralized exchange requires users to provide their personal details to buy and sell from this platform. When KYC is conducted on this exchange, users must provide personal documents such as passports and other photo IDs. These documents are under the control of the central authority that can abuse or misuse the details of the document and create security problems for the user. In such monopolistic ecosystems, there is almost nothing that users can do once they invest.
The decentralized DXG platform allows P2P crypto to exchange crypto to empower users with complete control over fund movements on the Internet network. All transactions will be coordinated with smart contracts which will be responsible for carrying out trade settlement.
As users will exchange their crypto-assets, their balance will renew in real-time and final authorization will be treated by them through their private key. The authorization will prevent users from canceling each completed transaction and stop the DexAge platform from starting any unauthorized transactions. After the transaction is complete, the authentication details will be forwarded to all network nodes by the user.
Crypto assets obtained will be stored in individual wallets without that permission not controlled by DexAge and will offer full autonomy to users. To make the next transaction, whether crypto trading or crypto-loans, users can immediately send their digital assets from this wallet to exchange DXG.
The role played by DexAge during the entire crypto-exchange process is to confirm the presence of sufficient funds in each party 'account, ensuring the credibility of the transaction is signed and matches the trade request from the order book if it occurs transaction approved.
Crypto assets obtained will be stored in individual wallets without that permission not controlled by DexAge and will offer full autonomy to users. To make the next transaction, whether crypto trading or crypto-loans, users can immediately send their digital assets from this wallet to exchange DXG.
The role played by DexAge during the entire crypto-exchange process is to confirm the presence of sufficient funds in each party 'account, ensuring the credibility of the transaction is signed and matches the trade request from the order book if it occurs transaction approved.
DexAge ICO will be done on the blockchain Ethereum peron. For payment purposes, coins and tokens will be accepted in the form of BTC, ETH and EOS. Unsold DXG tokens left after crowd sales events will be burned.
The provision provided by DexAge is to lock every member team token for a period of one year.
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