Presently, there are over 200 crypto-exchange platforms across the globe. With the continuous rise in cryptocurrencies, this number is only speculated to grow in the coming years. Some of the prominent exchange platforms such as Binance, Kraken, Bitfinex, Coinbase, etc., handle crypto trade volumes over USD 1 Billion every day. However, these exchanges deal with multiple challenges that primarily results from a centralized architecture.
The Challenges Associated with Centralized Architecture
Within a centralized structure, the complete control of user’s money is put in the hands of a single authority, making the funds vulnerable to security threats. Along with security issues, centralized exchanges also deal with high price fluctuations, making the trading process extremely volatile. Furthermore, the transaction process within centralized exchanges requires users to submit their personal details, which can be misused or abused within the platform. These critical challenges significantly impact a user’s trading experience.
DexAge – A Self-Sustaining Exchange Ecosystem
DexAge is a transformational platform that envisions to eliminate the aforementioned setbacks by harnessing the decentralized peer-to-peer transaction system of blockchain technology. It intends to monopolize blockchain technology to develop a permissionless, trustless, and decentralized P2P trading and lending platform that offers optimum security and efficiency in the crypto-trading process. A unique aspect about “https://dexage.io/” rel=”nofollow”>DexAge platform is that it will be operated by users, traders, and investors via an extensive social web.
Features of DexAge
Following are the prominent features of DexAge platform:
- P2P Crypto to Crypto Exchange
The platform facilitates P2P crypto to crypto exchanges that empower users to have full control over their trading activities and funds. Moreover, all the transactions are processed via smart contracts, which further ensures security and transparency. When users exchange crypto-assets, their respective balance is updated real-time, and the final authorization is managed via private keys. The authorization avoids rescinding of any completed transactions and also prevents the platform from initiating any unauthorized transactions.
- P2P Fiat-Crypto Exchange
Along with crypto to crypto exchange, DexAge also allows users from around world to exchange their crypto assets into fiat money, thereby facilitating high liquidity. Users can post details of their exchange rate and payment methods on the DexAge site. Users on the platform can either directly meet-up with the concerned person and pay in cash or pay via online banking. The benefit of this fiat-crypto exchange is that it allows users to implement exchange without the involvement of a central body, thereby making the process faster and more efficient.
- P2P Crypto-Lending
By obtaining P2P Crypto loan service, the users have the option to retain their assets in case they predict or speculate the concerned cryptocurrency value to appreciate in future. DexAge allows users to stake their crypto assets as collateral and obtain a loan of the same value to amplify their investment bandwidth and portfolio.
Benefits of DexAge
DexAge offers the following benefits to its users:
- Decentralized Trading
DexAge is a decentralized platform that allows users to implement effective P2P crypto-to-crypto exchange, P2P crypto-fiat trading, P2P lending within an effective and secure ecosystem.
- Autonomous Ecosystem
DexAge is an autonomous and self-sustained ecosystem that operates through social contact between traders and investors. The lack of centralized authority allow the platform to distribute the control to multiple stakeholders of the ecosystem, thereby facilitating better growth opportunities.
- Extensive Social Web
The unique business model of DexAge intends to capitalize on the power of its community members. It has integrated Dapp, which not only enables seamless crypto trading and lending activities but also allows users to communicate with others and share ideas.
- Trustless System
The P2P crypto transactions within the DG platform including trading and lending are executed by smart contract, thereby ensuring users fair and transparent processing.
DexAge Token Sale
DexAge token (DXG) is an ERC 20 Ethereum based token. The platform has issued a total of 5 Billion AXG token and set the soft cap value at USD 5 Million. The platform has also secured a token listing agreement with Latoken. The minimum purchase value is USD 100 and the platform presently accepts BTC, ETH, LTC cryptocurrencies for payment. The token sale is live from November 30th, 2018 and will last till February 28th, 2019 and users can obtain tokens from https://dexage.io. The tokens are distributed in the following way:
- 45% – Crowdsale
- 15% – Team
- 15% – Reserved
- 10% – Pre Sale
- 10% – Airdrop and Bounties
- 5% – Core Investors
Moreover, the fund collected from the token sale will be allocated in the following way:
- 40% – Marketing, branding, and education
- 40% – Platform development
- 20% – Contingency Plan
DexAge – A Decentralized Exchange Ecosystem
DexAge is a decentralized exchange platform that allows P2P crypto to crypto exchange, crypto-fiat trading, and P2P lending. By offering unconventional features, the platform aims to create a trustless, permissionless, P2P crypto exchange and trading ecosystem that is operated by a synergetic web of users, traders, and investors.
For more information visit https://dexage.io/
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