Sovdex.io — a decentralized cryptocurrency exchange, built on the EOSIO protocol and algorithms from the Bancor protocol, built specifically for the exchange and trading of SOVs.
Contents:
Description of the sovdex.io project
The benefits of using Dexs, based on the Bancor protocol, include continuous and instant liquidity, adjustable volatility, predictable pricing, no spread between bid and ask, the ability to add new tokens easily and more. Over time, SOVDEX will offer several different user interfaces / applications / for mining and trading thanks to the referral program. Developers can earn up to 25% of trade fees when users use their site or app to interact with SOVDEX.
SOVDEX uses algorithms to open up completely new possibilities in DEFI actively and innovatively. It all works in eliminating trading issues and the need for users to trust their tokens to a centralized third party.
SOVDEX has acquired repeaters for the following trading pairs:
- EOS/BTC;
- SOV/EOS;
- SOV/USDT;
- SV SVX/EOS.
Over time, SOVDEX will add even more digital assets and anyone can add their token to SOVDEX if it is smart contract compatible.
Income model:
| Exchange fee | SOVDEX will charge 0.4% per trade. Other options can be introduced to stimulate volume or promote new trading pairs. |
| Listings | The SOVDEX team will be able to work with other projects to list their tokens so that people can trade this token and mine SVX at the same time. |
The SOV should improve liquidity and tight price spreads. Centralized exchanges are an option, but CEX is not ideal for many reasons, including safety, trust, centralization and regulation. The risks of losing all your coins due to hacking, exit fraud, new rules or any other mistake due to centralization are real. Order-based DEXs like Newdex and FINDEX are essential, but these types are also notorious for large spreads.
Additional information
If you would like to earn trading fees by creating a frontend app / portal for SOVDEX, contact the administrator in the EOS SOV Telegram group for more information. The site has a White Paper. Also, to find out about the project in detail, study the article on the Medium platform. The smart contract has not been audited.