Today I will tell you about the new decentralized cryptocurrency exchange CO-DEX.
Cryptocurrency is a digital (virtual) currency that does not have physical expression. More and more, all over the world, cryptocurrencies are spreading. Cryptocurrencies perform the functions of money (for example, they can be used as a means of payment, and can also carry the functions of accumulation and savings), cryptocurrencies can perform the functions of unnamed digital shares of companies, and other functions of money and securities.
Companies, in turn, use cryptocurrencies to attract investment in their projects, as well as for settlements within their projects.
Currently, almost all states of the world are against cryptocurrencies, but cryptocurrencies are confidently entering the life of all mankind, despite the opposition from the states.
Due to the fact that cryptocurrencies are already widely used around the world, both by companies and individuals, their ability to exchange for other cryptocurrencies is gaining more and more demand. That is why literally every day new exchange services are opened, as well as cryptocurrency exchanges.
A significant role for cryptocurrency exchanges is trading volume. It is this indicator that attracts ordinary users and traders to a particular exchange. After all, the cryptocurrency exchange rate depends on the volume of trade.
In addition, some difficulties when registering on conventional cryptocurrency exchanges, slightly repel potential new users. These difficulties can be caused by the confirmation of such additional data as the user's phone number, KYC verification procedure and other inconvenient procedures that take a fairly large amount of time. Therefore, decentralized exchanges are more and more used in exchanges of cryptocurrencies, since for exchanging on these exchanges it is enough only to use the secret key to the wallet.
So, now we will go directly to the decentralized cryptocurrency exchange CO-DEX ...
The decentralized cryptocurrency exchange CO-DEX will be the first decentralized exchange to combine various blockchains on its platform. This was made possible thanks to the IBC function developed by Cosmos Netwok. The work of the CO-DEX exchange platform will also be built on the Cosmos network, but at the same time, bitcoins, ether and other coins and tokens will be available for exchange.
Also, among the advantages of the CO-DEX exchange, the following advantages can be distinguished, such as: high transaction speed; low transaction fees, which will provide only the price of transactions; accessibility to create limit and market orders. In the future, the CO-DEX exchange plans to release wallets in which users can safely store their funds.
The decentralized exchange CO-DEX issued its own token COD1, which is built on the basis of Ether and is an ERC20 token. In total, 250 million COD1 tokens have been issued and they have an initial price of 5 cents USD.
From the foregoing, it can be concluded that the decentralized CO-DEX exchange will certainly be a success with ordinary users and traders, since it will use the exchange of many cryptocurrencies, regardless of the blockchain network of these currencies, which will ensure high volumes of trade on this exchange.
You can learn more about the CO-DEX cryptocurrency exchange on your own. Under this my video, in the description. You can see all the official links of the CO-DEX cryptocurrency exchange.
Decentralized Crypto Exchange CO-DEX:
Web: https://co-dex.network/
Whitepaper: https://co-dex.network/co-DEXWP.pdf
Telegram: https://t.me/co_dex
Twitter: https://twitter.com/CoDEX_Social
Facebook: https://www.facebook.com/co.dex.decentralized.exchange/
Instagram: https://www.instagram.com/codex_social/
Linkedin: https://www.linkedin.com/company/codex-foundation
Reddit: https://www.reddit.com/user/Co-DEX
Steemit: https://steemit.com/@co-dex
The author of this publication:
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1062702
BitCointalk User name: alekschinov
Telegram User name: @leragy
ETH address: 0x4BAe106972dF76Ac101a4597770c6C8B71F1BDae