Connect with us

Press Release

Significant head effect of decentralized exchanges, Newdex accounts for 70% of trades in EOS ecosystem

Guest Author

Published

on

Significant head effect of decentralized exchanges, Newdex accounts for 70% of trades in EOS ecosystem
Source: Newdex

TokenInsight published a 2018 Cryptocurrency Exchange Annual Report, pointing out the present situation of decentralized exchanges: the trading volume of decentralized exchanges highly concentrated on the leading exchanges, on either ETH or EOS. The trading volume of several leading exchanges accounts for more than 80% overall. Newdex even shares more than 70% trades among the whole market on EOS.

Source: TokenInsight

Source: TokenInsight

Newdex has surpassed IDEX on daily active users volume and daily trading volume, becoming the world’s largest decentralized exchange on volume.

How are EOS Decentralized Exchanges Built?

The most highlighted character of decentralized exchange is the trading experience that allows users to skip registration, deposit and withdrawal.

Wallet code scanning exchange of Newdex includes two parts: scanning login and scanning exchange. Users only need to own a mobile wallet to trade by scanning code on Newdex Web without registration. Or they can login on the Embedded Newdex within wallets to trade, saving the bother of operating on computer.

Currently, Newdex has cooperated with 26 wallets worldwide. You can find Newdex in loads of wallets across the whole EOS ecosystem, including Bitpie, imToken and Huobi Wallet.

The exchange focuses on quoted depth, and the wallets are responsible for the liquidity portal, on the basis of which user resources are shared.

Prospect for Decentralized Exchanges: Mining Incremental Markets, Newdex Launches Membership System

Despite the strong growth of decentralized exchanges, their trading volumes were less than 2% of centralized exchanges. Which means users of decentralized exchanges still remain in the minority.

To keep its users, Newdex launched a membership system to provide users benefits and privileges. Users will be able to enjoy different trading fee discounts and exclusive airdrops by staking NDX [Newdex Platform Token].

Newdex is the first decentralized exchange to launch the membership system.



Follow us on Telegram | Twitter | Facebook



AMBCrypto is not responsible for the content included in this article. Readers' discretion is required while visiting the links given in the report as AMBCrypto is not responsible for the products or services.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Press Release

Party for the POC Believers – A New Consensus, a New Era

Guest Author

Published

on

Party for the POC Believers - A New Consensus, a New Era
Source: Pixabay

One of the most influential blockchain conferences – Consensus 2019, has just ended. Leading figures from all over the worlds of business and technology are still discussing the stories that emerged during the event, on the blockchain market, tech development and more.

Consensus is the core spirit of blockchain. The Consensus conference is named after this principle. While paying tribute to the technology, it inspires people in the blockchain industry to communicate, innovate and solve problems.

Source: Socialydia

After attending the Consensus conference, the BHD Community held an invitation-only party, ‘New Consensus, New Era’, at the Hilton Hotel NY on 14th May. This party gathered people from all over the world who believe in POC consensus, hard disk mining, and BHD, and gave them a good opportunity to connect in person.

Gary, BHD Community Initiator and Hpool COO, stated,

“The POC consensus adopted by BHD will lead a new era. Compared to ASIC mining, hard disk mining costs much less. The hard disk is also the most decentralized mining hardware in the world.”

He believed that only POC could realize the initial vision of Nakamoto – ‘one person, one vote’ – and called on people to join the POC ecosystem.

Source: Socialydia

Source: Socialydia

The attending investors and practitioners had deep discussions on the POC consensus and showed high recognition and interest.

Source: Socialydia

Source: Socialydia

[Network Session at the Party]

Source: Socialydia

Source: Socialydia

[BHD at Consensus 2019]

Source: Socialydia

Source: Socialydia

[photo with the visitors]

In the era of POW, BTC was at the forefront of the scene; now the rise of POC brings a new trend. BHD is the pioneer of this revolution, with new consensus and new mining structures. BHD will become the ‘BTC’ of the POC consensus mechanism.

Media Contact:

For more details, please visit Website, Email, Twitter, Telegram and Discord.

Continue Reading

Trending