Matcha — a cryptocurrency trading platform on the 0x platform. The project is a decentralized exchange, and this means that users exchange their tokens on a peer-to-peer network through the Ethereum smart contract infrastructure. Developers offer you the best prices, at the same time, allowing you to store fully your tokens throughout the entire trading process.
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Project description
Matcha — a decentralized exchange, where you do not need to provide tokens to third parties, as in the case of using a centralized exchange such as Binance or Coinbase.
Once the transaction is completed, the exchanged tokens will go directly to your wallet. In addition to the benefits of saving your tokens during trading, other benefits of using DEX include:
| Availability | Almost all users in the world can use DEX, thanks to its distributed architecture. Centralized exchanges are often banned for use by those, who live outside the countries, where they operate. |
| Higher privacy | Using DEX does not require registration. Thus, there is no personal data that can be used or stolen. |
| Lower cost to trade | Compared to centralized exchanges, DEXs have lower costs and may offer cheaper trading fees. |
| Less risk of price or volume manipulation | The open nature of DEX order books and the lack of a centralized operator reduce the ability and incentive to falsify price and volume information. |
Currently, Matcha does not charge any platform fees. When making a transaction, a small Ethereum gas fee is charged + 0x protocol fee, both fees are required to process the transaction on the Ethereum blockchain.
Safety of use
Unlike other exchanges that use only one source of liquidity, Matcha studies liquidity from several sources, including:
- 0x;
- Kyber;
- Uniswap;
- Oasis;
- Curve and many others.
In addition to rigorous testing by 0x Labs, leading blockchain safety companies, Trail of Bits and ConsenSys Diligence have audited 0x v3 smart contracts that Matcha uses. In addition, unlike a centralized exchange, which may incorrectly manage or lose your tokens when you make a transaction on a decentralized exchange, such as Matcha, you retain the right to store your tokens fully throughout the entire trading process.
Additional project information
At the moment, the affiliate program is at the development stage and there is no exact release date. Therefore, to stay up to date with all news, subscribe to social networks: twitter и telegram channel. The site does not have White Paper and RoadMap, but there is a large section with answers to questions. The essence of the project, advantages and other features are described in detail here.