Dex Brokerage — an advanced hybrid decentralized exchange, based on Ethereum, for the exchange of ERC20 and Ether tokens. The developers also plan to offer tokenized assets, representing stocks, bonds and other financial instruments in the future.
Contents:
- Brief description of the Dex Brokerage
- Why should you choose the Dex Brokerage?
- Additional information about dapp
Brief description of the Dex Brokerage
Through the platform, you can create, execute and trade fully decentralized options. The project supports limit and market orders, no gas cancellations and multiple orders.
The project has developed an exchange architecture to get around the most common blockchain problems:
| Firstly | The Dex broker system is a hybrid of steps, on and off. Minor portions of the exchange are taken off the blockchain, so that trading speeds can match centralized exchanges and costs are limited, while the exchange never holds your funds. |
| Secondly | All assets you wish to trade are in the DexBrokerage smart contract through the deposit you have authorized. |
| Thirdly | The off-chain DexBrokerage database receives an event notification from the contract and updates your balances. |
When you have funds in a smart contract and your balances are updated, you can create options, as well as place buy or sell orders. If you want to place a trade, you must sign and approve the trade again, after which the trade request is placed in the system. DexBrokerage will check if the balance is sufficient for the requested trade and then add it to the order book, where the appropriate mechanism is always running to find a suitable trade. If a suitable deal is found, the Dex Brokerage database updates the balances of both parties and the transaction is placed in the processing queue for execution via the smart contract.
Why should you choose the Dex Brokerage?
You do not need to login or use personal information to start trading. In addition, the creators of the project cannot freeze your assets indefinitely, as some centralized exchanges do.
However, Dex Brokerage cannot initiate any unauthorized transactions or withdraw funds to third parties and users cannot cancel any completed transactions. This means your funds are safe as long as you control your own private wallet key, which you use to enter into the DexBrokerage smart contract.
Additional information about dapp
At the moment, White Paper and RoadMap are not available on the site. The developers provide only a section with answers to questions.
If you have any problems, you can e-mail the developers. The smart contract doesn’t have an audit.