There are 200 crypto exchanges across the globe that facilitate the trading of over 1,568 cryptocurrencies. It is quite evident that the growth of cryptocurrency trading domain is progressing at an exponential rate. However, traders and investors are still dealing with many inefficiencies that keep them from harnessing optimum profits from their trades. This is because a majority of these exchanges are operated on a centralized architecture, which results in challenges including high volatility, security and privacy threats, high transaction fees, etc.
DexAge – Bringing Decentralized Approach
DexAge is an unconventional decentralized exchange solution that plans to eliminate the above-mentioned challenges of the crypto trading domain and make it more user-centric. In order to bring this plan into effect, the platform has incorporated the decentralized peer-to-peer transaction system of blockchain technology. Through blockchain technology, the ecosystem aims to develop a permissionless, trustless, and decentralized p2p trading and lending system that offers optimum transparency, security, and efficiency in the crypto-trading process. One of the highlights of DexAge is that it will be operated by users, traders, and investors through an extensive social web.
Prominent Components of DexAge
- P2P Crypto to Crypto Exchange
DexAge platform enables P2P crypto to crypto exchanges that facilitate users with the opportunities to retain full control over their trading activities within the network. Moreover, all transactions are processed via smart contract, which ensures users of optimum security and transparency. To further strengthen the fund security, the money invested within the network are stored in permissionless wallets that are controlled by users. The role of DexAge in a crypto exchange process remains limited to confirming the availability of adequate funds in each party’s account, verifying the credibility of the transaction, and balancing the trade request from the order book.
- P2P Fiat-Crypto Exchange
It allows users from across the globe to exchange crypto assets in fiat money, thereby increasing the liquidity of DXG token (native coin of the platform). Users can post their advertisements along with exchange rates and payment methods on the platform. The interested users can either meet up with the concerned party and pay in cash or trade through online banking. The transfer of crypto assets, on the other hand, can be implemented directly from the personal wallet of the users.
- P2P Crypto Lending
The P2P crypto loan services allow users to retain their digital assets in case they speculate the value of a particular cryptocurrency might appreciate in the coming years. DexAge enables users to stake their crypto assets as collateral and avail a loan of the same value to boost their investment opportunities
The P2P DAPP Based on Social Web
DexAge team intends to develop a P2P mobile chat application wherein users will be able to perform exchange activities as well as connect with other users in real-time. By offering a personalized communicational panel, it reinforces the concept of being a user-centric exchange platform. Through P2P DAPP users can execute:
- Crypto to crypto exchanges
- P2P Lending
- DXG chat
- Escrow trading
DexAge Listing Agreement
DexAge token (DXG) is an ERC 20 Ethereum based token. The platform has circulated a total of 5 Billion AXG token and set the soft cap value at USD 5 Million. The platform has also secured a token listing agreement with Latoken wherein the latter will be offering DXG tokens from January 15th, 2019. The DXG tokens will also be listed for trading on Latoken post the crowd sale. The minimum purchase value is USD 10 and the platform presently accepts BTC, ETH, LTC cryptocurrencies for payment. The token sale started from November 30th, 2018 and will last till February 28th, 2019, and users can acquire the tokens from https://dexage.io. The tokens are distributed in the following manner:
- 45% – Crowdsale
- 15% – Team
- 15% – Reserved
- 10% – Airdrop and Bounties
- 5% – Core Investors
Furthermore, the funds collected from the token sale will be allotted in the following way:
- 40% – Marketing, branding, and education
- 40% – Platform development
- 20% – Contingency Plan
DexAge – A Fair and Secure Crypto-Trading Platform
DexAge has developed a decentralized, trustless and permissionless exchange ecosystem to eliminate the existing challenges associated with the centralized exchanges, thereby optimizing the profit-earning potentials of traders and investors alike. Moreover, DexAge is entirely controlled and managed by its users, traders, and investors, ensuring flexibility in the overall crypto trading process.
For more information visit https://dexage.io/
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