JOYSO - the hybrid decentralized exchange, launched in May 2018. This platform significantly reduces the risk of hacking and provides users with the cost-effective trading. The resource is completely anonymous, no registration is required to start trading.
Contents:
- General information about Joyso
- Trading and possible commissions in dapp
- Blockchain exchanger security
General information about Joyso
Joyso - decentralized exchange (DEX), launched in 2018. The platform has its own Joyso token, which every user can buy. The team held an ICO, despite the fact that the project doesn’t have a White paper. After the successful ICO, the resource decentralized access. Now you don’t need to trust a third party with your private keys or information. At the same time, the service centralizes order management, increasing speed, consistency and ease of use. According to the Road map, the platform had to improve the functionality of the site until 2019. You can see all these advantages if you compare it with other exchangers.
JOYSO offers a consistent comparison of the order purchase and sell and their prompt execution in real time. The main condition - a high priority in relation to the user, safety and efficiency. If you highlight 4 main advantages of the exchange, they will sound like these:
- quick exchanges;
- wide functionality;
- increased safety;
- anonymity.
The exchange team could combine the advantages of centralized resources and decentralized ones in the functionality of the resource. And, despite the fact that there is no referral program on the platform and the company doesn’t pay dividends for token storage, users can save money and their time simply by using JOYSO.
Trading and possible commissions in dapp
Before you start trading on any exchange, you must find out all terms of trading and fees. Trading fees, of course, are very important. Each time you place the order, the exchange will charge you a commission for trading. It usually constitutes a percentage of the trade order value. The commission for opening the order on this resource - 0.20%. Users often may encounter a withdrawal fee. The site doesn’t support BTC trading, so they have no commission for its withdrawal. There is no way to compare with commission for withdrawing BTC on other exchanges. Their ETH withdrawal fee is 0,0006 ETH. This indicator can withstand any competition. As for the balance replenishment, this exchange doesn’t accept any other way to replenish the account, except for cryptocurrency. Firstly, you need to buy coins on another stock exchange or exchanger. Then place them on your account..
| Commission for opening the order: | 0,20% |
| Refill: | Missing |
| ETH output: | 0,0006 ETH |
As you can see, all the indicated commissions are averaged, compared with other exchanges. Moreover, some of them are more beneficial for you.
Blockchain exchanger security
The main advantage of exchangers - no one can steal your funds. The smart contract of the exchanger hasn’t been audited, but, despite this, the resource is safe. Thanks to the fact, that a third party can get control of your wallet in no way. Moreover, this scenario is relevant even if the site is hacked by hackers. However, if you make a transaction on a regular exchange, where you hold your assets, then the platform may be hacked. And your funds from the wallet may be stolen. In view of this, the safety of the Joyso exchanger is rated A+. Since 2019, the project team has ceased the social networks and now users can find the latest news on the official Joyso website.