Do you want to work on a new investment strategy?
Or Thinking to cleanse yourself from the risks of centralized exchanges.
Businesses dealing in digital asset knows the importance of currency exchange online. Moreover the value of using strong cryptography to secure the financial transactions of their customers along with the controls to create the additional units and the verification of the transfer of their assets.
While budding enterprises and individuals are struggling with the selection of the best-decentralized cryptocurrency exchanges. GrowthBunny provides an in-depth consulting and setup service for the same.
Before we explain how we are going to help your business with a decentralized exchange system, let’s delve on some core concepts:
A decentralized exchange is a cryptocurrency exchange market that operates in a decentralized way allowing a peer to peer trading without a central authority.
Such infrastructure is set up by creating proxy tokens or assets (e.g representing a share in a company). Another way of establishing a decentralized exchange system is through a multi-signature escrow system or other possible solutions.
In contrast to the centralized model, decentralized exchange portals issues an ‘IOU’ to the users deposited assets/funds that can be freely traded on the platform.
And when a user needs to withdraw his/her funds, these are converted back into the cryptocurrency they represent and sent to their owner.
User Control Funds
No Server Downtime
With decentralized exchange, you need not depend on the third-party service, and data shows that over the past several years, such third party services can be hacked and results in users' loss of funds and trust.
Apart from the credibility, you get the advantage of no server down issue, as the hosting of decentralized exchanges is distributed throughout the nodes involved.
Decentralized exchanges are safe, it is just an automated way for users to find themselves and engage in a smart contract.
These platforms enable global trading and no fiat currency is involved in the process.
DEX requires no KYC process, owing a cryptocurrency address itself register you to a DEX. Apart from this, you do not need to comply with Anti- Money Laundering law.
A token owner raises an order: to exchange his/her assets/funds with another available on the DEX. The user also specifies the number of units they want to sell, the cost of each token, and until which time bidding for their assets is allowed.
Once the selling order as mentioned above is set, other users can submit bids through a buy order.
Once the time assigned by the seller expires, all the bids are reviewed and calculated for the best interest of both buyer & seller parties.
You are using your wallet address to log in to the DEX portal.
You submitted a buy or sell request
The smart contract logic gets executed and the transfer of assets is done
And the requested tokens will be automatically sent to your wallet