DEEX- The future of cryptocurrency exchange services

It is no longer news that the number of cryptocurrencies in circulation has exploded rapidly over the past year. This has directly led to a corresponding rise in trading volumes. Several startup companies have made the decision to ride the wave of public interest in ICOs in order to raise funds for their businesses by issuing tokens to investors. Also, the continous spurning of new blockchains also continue to expand the blockchain industry. Though, every new project seems to learn from the shortcomings of the ones before it, we have still failed to see any blockchain which has attained perfection in every dimension.

Cryptocurrency exchange platforms happen to be the driving force of this constant spurning of projects. This is because they facilitate trading and exchanging of cryptocurrencies without which our tokens would have been valueless. This would have been synonymous to having a stash of cash and not having any goods or services to exchange it for.

These cryptocurrency exchange platforms come in two major forms, they include;
Centralized Exchange
Decentralized Exchange

+Centralized Exchange: In centralized exchange platforms, there is usually a governing body running the affairs of the entire ecosystem. They are often easy to use and users have easy access to advanced trading features.

+Decentralized Exchange: Decentralized exchange platforms do not have a central decision maker. This type of exchange embodies the true goal of blockchain technology which is “decentralization". Participants are fully entrusted with the security of their funds and the high degree of data confidentiality is a key advantage.

Introducing DEEX
DEEX is a decentralized cryptocurrency exchange platform which is based on Bitshares 2.0. The founders of DEEX exchange platform decided to launch on Bitshares 2.0 platform because of the range of advantages over the competition. The platform offers data processing speed of up to 100,000 transactions per second which is on par with centralized exchange platforms and well over the speed offered by MasterCard and VISA.

The founders intend to create a reliable and multifunctional decentralized exchange platform. DEEX will offer amateur traders and those who have only made use of centralized exchange platforms a convenient and suitable ecosystem with an attractive user interface.

Some key advantages of the DEEX cryptocurrency exchange platform include;
*A graphic user interface which is compatible with most browsers.
*Mobile apps for Android and iOS to facilitate trading on the go.
*Round the clock technical support.
*A wide range of trading pairs.
*The ability to recover lost password which is often absent on decentralized platforms.
*Low commission fees both for trading and withdrawal
*Issuance of debit cryptocurrency cards to users and a network of crypto ATMs.
*DEEX also has it's own hardware wallet for cold storage of cryptocurrencies.
*High liquidity.

What is planned out for the future?
The team still plans to roll out some financial instruments with the goal of securing the projects future and keep it ahead of the competition. These financial instruments include;
*DEEX.CORE will be a basic token that earns hodlers the right to receive a share of the generated profit from activities on the platform.
*DEEX.ICO is a token which will enable individuals to receive revenue from all conducted DEEX ICOs.
*DEEX.FUND is a blockchain fund which allows users to invest in different types of funds within the DEEX ecosystem.

Closing thought
Centralized exchange platforms are often believed to go against the key ethos of blockchain technology which is “decentralization". The only reason centralized exchange platforms are still in wide use is because of the simplicity it offers. With DEEX (a decentralized exchange platform) looking to incorporate some of the best features of centralized exchanges while keeping the basis which is decentralization, centralized exchanges may soon be out of style.

For further information, you can visit any of the links listed below;
Official Website: https://www.deex.exchange
Telegram: https://t.me/deex_exchange
YouTube Channel: https://www.youtube.com/channel/UC5oYUk9QC4kbM5ZBpodOUcQ

Authors ETH Address: 0x6f54F652c650Cc6A7bed4C355B8Ce728C026C23E