Brand Story
11 May 2022, 06:15 GMT+10
UniqueDEX is the world's first trading engine built on an aggregator and it further enables customers to build their own automated market makers (AMMs). This decentralized exchange (DEX) is distinguished by the fact that the liquidity aggregator engine analyzes prices across multiple cryptocurrency exchanges to fulfill customer orders.
This is hugely significant because liquidity is one of the main issues with the decentralized exchange, preventing global adoption. A lack of liquidity invariably results in an unbalanced environment that can tend towards market manipulation, volatility, price slippage, and lack of order fulfillment.
Built on Ethereum, UniqueDEX also eliminates another core issue (price arbitrage) through the aggregation of all Ethereum's existing exchanges. This allows for more intelligent price charting and a severe reduction of arbitrage, as figures can vary across different platforms.
UniqueDEX claims to be the most advanced crypto liquidity aggregator ever developed, and resolves the major existing concerns with the DEX ecosystem. It allows for consistent price charting due to the integration of prices across the largest existing DEX platforms and further offers enhanced liquidity through this aggregation. As a DAO-based governance structure that is 100% non-custodial, it provides these solutions without compromising on the digital sovereignty of users.
The native token is the $UDEX and this is used for all transactions through the platform. It further allows for lending and staking rewards. The deflationary token serves as an open standard for decentralized applications (dApps) that integrate functionality into the UniqueDEX ecosystem. The proprietary staking mechanism is known as "Delegated Proof of Brokerage" which performs all functions via a decentralized brokerage powered by the $UDEX token.
UniqueDEX offers the most advanced solutions available in the blockchain industry to date. This includes an order book that is integratable and aggregated, the omnipresent order book of aggregated orders, and governance and stakeholder engagement. There is no other non-custodial DAO-governed exchange that provides similar functionality. There is also no other platform that allows users to create their own AMM in this manner.
The smart contract functionality upon which the platform has been built was audited by TechRate. Cold storage in combination with user-controlled wallets also enhances the security of funds. UniqueDEX offers the benefits of centralized exchanges with the speed, low-cost, and flexibility associated with decentralized exchanges. The protocol is open-source, meaning that developers and businesses can build powerful decentralized financial tools free of charge.
The UniqueDEX platform launched on May 10th, 2022. In terms of order fulfillment, there are no swap fees, trading fees are minimal, and order execution is fast. Combined with a simple user interface, this makes it an ideal platform for crypto and NFT trading.
The platform will be connected to an increasing number of decentralized exchanges (DEXs) as these marketplaces grow in popularity. Users will increasingly be able to benefit from risk-free, near-instant, low-cost execution of their orders.
It could set an entirely new standard in the rapidly growing field of Web3 trading by eliminating the foremost issues of liquidity, price arbitrage, and usability.
About UniqueDEX
UniqueDEX is an aggregator of multiple decentralized crypto marketplaces that provides the lowest possible price for Web3 assets. The first trading engine built on an aggregator, it allows users to build their own AMMs, offers a futures and derivatives exchange, and incentivizes via staking, yield farming, and lending. As a DAO governed structure and non-custodial solution, UniqueDEX offers an unparalleled order fulfillment experience. Orders are secure, fast, and low-cost.
Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not an investment advice. Readers are encouraged to do their own research.
Website - Twitter - Medium - Telegram
For more information Contact :
Contact Person - Kurt
email: kurt@cryptoprlabs.com
Location : Ontario, Canada
Company : UniqueDEX
Newsroom: socials.submitmypressrelease.com
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
Get a daily dose of Pittsburgh Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pittsburgh Star.
More InformationALBANY, New York: A New York state judge has struck down a recent law giving 800,000 non-citizen New York City ...
Back closer to sea level, Clayton Kershaw will look to put one of his worst starts in recent memory behind ...
The red-hot Atlanta Braves look to finish their six-game road trip with a flourish when they visit the slumping Cincinnati ...
The Tampa Bay Rays' doubleheader sweep of the host Toronto Blue Jays Saturday stopped their four-game losing streak and set ...
Nolan Arenado hit two homers and drove in three runs to lift the visiting St. Louis Cardinals past the Philadelphia ...
The Pittsburgh Pirates have a chance Sunday to win their four-game series against the visiting Milwaukee Brewers after taking two ...
DUBAI, UAE: The Arab states have built significant amounts of solar and wind power installations, and are in line to ...
LONDON, England: A second referendum on Scottish independence is set to be held in October 2023. The Scottish government, led ...
LISBON, Portugal: Tuvalu Foreign Minister Simon Kofe walked out of the opening cermonies of this week's United Nations Ocean Conference ...
SULAWESI, Indonesia: Using just a rope, an Indonesian man, supported by fellow villagers on the island of Sulawesi, captured a ...
WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...
ISTANBUL, Turkey: Turkish police detained dozens of people after local authorities banned Istanbul's annual Pride parade from going ahead this ...