HB DEX - a decentralized platform, where all transactions are conducted directly on the Ethereum blockchain. The exchange fully works with the HB Wallet Desktop application, which is safer than web exchanges and wallets. Thus, HB Wallet will take care of everything from token’s storing, exchange’s conducting, paying fees to checking the transaction statuses. Also, through the exchange, users can easily exchange the ERC-20 token for ETH and vice versa. And then you can sync your wallets with HB Mobile.
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HB DEX characteristics
HB DEX - a modern decentralized stock exchange. This resource allows users to conduct exchanges unnecessarily to register a personal account. Therefore, you’re exempted from the need to fill out mandatory forms for the disclosure of personal data. Therefore, the main advantage of the service - it makes it possible to conduct exchanges without using the web resources. This contributes to the safety of your funds. The platform also has its own HB Infinity Token. The official release of the token was scheduled for December 2018. A total of 600,000 tokens were created.
Let’s consider all the available functions, that the service has:
| 100% decentralization | All transactions will be directly conducted on the Ethereum blockchain. |
| Safety | HB DEX works fully with the HB Wallet desktop application, which is safer than web exchanges and wallets. |
| All in one | HB Wallet allows you to store tokens, conduct exchanges, pay commissions to check transaction statuses. |
| Real time trading | Real-time trading with any tokens on the ERC20. |
| Free use | Users must pay only for Ethereum transactions. |
Also, according to the RoadMap, the platform plans to introduce new features by October 2020. It’s planned to distribute vouchers from HB partners for marketing purposes. Payment will be charged in HB Infiniti Token. You can find out more detailed project description in the White paper of the resource.
A safety with the HB Wallet
HB Wallet was developed by Bacoor Inc. - a technology company, currently based in Malaysia. This wallet allows users to store Ethereum, ERC20 and ERC223 tokens. It can also be used to synchronize the same wallet on several devices, using different versions. The wallet can be installed on all major operating systems:
- iOS;
- Android;
- Mac;
- Windows.
HB Wallet - the first Ethereum wallet, which has an online chat. Firstly, users can send messages, emoticons, images. Secondly, in addition to the above, you can also send ETH and tokens. All this is due to the fact, that the wallet is connected to the decentralized HB DEX exchange. So, users receive notifications about the latest news in the world of Blockchain and about cryptocurrencies. HB Wallet always offers anonymity. Thus, you don’t need to fill out a profile with personal information to create a new wallet or restore the old one. You can always set the passphrase and 2FA key. You can also protect your wallet, using PIN locks. HB Wallet supports up to 80 languages. While using the HB Infinity token, users get a number of advantages. Firstly, the cost of the commission is reduced to 50% and the speed of transactions increases.
The advantage of trading on DEX
The decentralized stock exchange - a trading platform that runs on the blockchain. Users can exchange cryptocurrency there. Moreover, no organization controls a flow of funds. Consequently, DEX trading transactions occur directly between users in a P2P network. Based on this, no third parties have access to your funds. As a result, DEX alleviates many frequent problems of traders. Among them, server downtime, market manipulation, loss of funds, hacking, etc. It’s worth noting, that users of centralized models usually face these problems.
The stock exchange operates via Ethereum's smart contracts. It means that there is no main server, which controls your transactions. All of them are made in the Ethereum network. Thus, HB DEX runs on a desktop application. Therefore, it should be safer than any web exchange (centralized model). The service has many social pages. Therefore, you can find out the latest events on the platform, using Youtube, Telegram or Twitter.