Demex BSC — a fully decentralized trading platform that supports any cryptocurrency derivative product. It allows complex financial instruments such as futures, bonds and options to be traded on a large scale, which is unrealistic for other financial derivatives exchanges.
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Description of the Demex BSC project
Built on Switcheo Tradehub, a dedicated Level 2 blockchain solution, Demex is designed for speed, scalability and security. Demex will allow anyone to list new markets, changes to market parameters and, among other opportunities, develop the platform. This ensures that Demex remains fully decentralized and censorship resistant, preventing the risk of possible illegal activity when power is concentrated.
Demex supports the following forms of wallets:
| 1. | Ledger. |
| 2. | Metamask. |
| 3. | JSON/Encrypted Key. |
As a good security practice, check for the Demex SSL certificate in the address bar and the security of your connection to make sure you are not on a malicious site. For the auction to take place, both buyers and sellers must agree on a price. However, there are times when there are no orders at a fair price level, or when users simply do not have enough orders to trade without slippage. A market maker solves this problem by being willing to buy or sell a specific asset.
In a decentralized exchange, users can get a share of the market profit themselves by providing liquidity to the swap pool. Users contribute their assets to a shared pool, which is then managed by the Automated Market Maker algorithm. In return, they receive liquidity pool tokens, which are, in fact, an application to receive assets in the pool. The number of tokens, issued to a user, is proportional to the amount of assets they deposit.
Social media and more
There is no WhitePaper on the site. Instead, an introductory document is provided. It contains a short description, answers to questions and a list of work functions.
From social networks, the community leads:
- telegram;
- twitter;
- facebook.
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