Newdex means ‘New Decentralized exchange’ and this exchange is the World’s largest decentralized trading platform based on the EOSIO Software, and being a Decentralized exchange, It therefore means that users take full custody of their digital assets and all transactions are on-chain, so there is no risk of manipulation. Newdex has recently launched Cross chain deposit and withdrawal function for Pc and Dapp so as to meet the cross chain trading need of BTC Chain, EOS Chain and ETH Chain. The Newdex exchange listed two trading pairs recently which are ETH/USDT and BTC/USDT. Users can now deposit Btc, Eth, Usdt and obtain pegged assets. They can also withdraw by converting pegged assets to their native form.
On the Newdex exchange platform, users are being ensured a fast, transparent and safe experience while trading on the exchange. The exchange is exposing the world to a new approach of trading digital assets through decentralized trading which will now give birth to a new era of decentralized trading. Newdex was established on 8th August 2018 and has since then become the leading EOS Based decentralized exchange running on EOSIO, the exchange did not stop there, but launched a TRON Based decentralized exchange which is united with TRON official and ranked top 5 among decentralized exchanges which are TRON based. Newdex has supported side chains like ENU, WAX , MEETONE, TELOS, BOS, LYNX. Newdex has stood in as a Blockchain Industry Infrastructure, the exchange also helps in strengthening major blockchains, and most importantly implement a new era of a robust decentralized trading for the future. The exchange successfully launched it’s App for over two years now and has lots of amazing and improvised features as the dapp is always up to date with the trending blockchain dapp technology. Users are entitled to features like VIP function, staking of NDX (Newdex native token) to enjoy benefits on the platform and priviledges for being a VIP member. Free CPU trading functions is also available for Newdex VIP members.
A Decentralized exchange is way better than a centralized exchange because all transactions are on-chain, there is no risk of manipulation. Decentralized exchanges are also safer but has shortage that it cannot handle cross-chain trading, can only deal with one blockchain and therefore liquidity is a problem, Newdex now supports cross-chain trading. Users can deposit eth, btc into newdex and get the pegged assets on EOS chain.
CHARACTERISTICS OF NEWDEX EXCHANGE
SECURITY: The fact that users take full control of their assets makes it interesting as Newdex does not have an access to user’s private keys so capital flight, risk of assets being stolen or misappropriation of assets are thoroughly avoided. User’s digital assets remain safe.
DATA ON-CHAIN, OPEN AND TRANSPARENT: Regular information about Transactions stay open and transparent, checkable in real-time and intensely tamper proof. Order information is checked easily and all these are possible with the usage of Blockchain technology.
SPEED: Users on Newdex exchange receive assets in real-time once their transactions are being completed.
LIQUIDITY AND ACTIVITIES: Newdex lists tokens on time and also encourage free flow of assets and this allows immediate realization of assets in user’s account.
TECHNICAL INNOVATION:
TRADING VIA EMBEDDED WALLET: ‘EMBEDDED EXCHANGE PLATFORM’ was first launched by Newdex exchange and users are rest assured to experience a one-stop service in the process of trading tokens within wallet.
CODE SCANNING TRADING VIA WALLET: The exchange has been the first to successfully cooperate between the exchange platform and wallet. Trading functions like cancelling order, code scanning order for login, pending order etc are made available.
OPERATING MECHANISM:
Newdex (The EOS Version} has been able to deploy the smart contract which has it’s operation mechanism as ‘on-chain matching and settlement’.
Newdex {The TRON Version): has been able to adopt the operating mechanism ‘off-chain matching and on-chain settlement’
Co-operative Teams:
EOS Wallet:
Tron Wallet:
Cooperative Partners:
Read this Article below to get more information on how to go about setting up the cross-chain deposit and withdrawal function
https://medium.com/@marketing_27690/cross-chain-deposit-and-withdrawal-function-go-live-bc69bf2fdd4a
Newdex Official accounts:
Official Newdex Telegram: https://t.me/newdexchat
Newdex Discord: https://ndx.myfreecrypto.org/
Website: https://www.newdex.io