Dex Coins Hype Coming

If you are in Crypto you maybe familiar with the term 'Decentralisation'. New or old you should know about this term. As the power of this term is revolutionary as Cryptocurrencies And Blockchain is based on this term only. It's the hidden backbone of crypto universe.

Hey wait, where are you going, hah!

Naughty human. You earn crypto so just sit and relax and gain knowledge.

So what is it?

I will try to explain it in a simple way. It's the process of taking over the control of big decision making institutions like governments which control a large group of people through their way and distribute that control over local normal common people.

Means taking over the manipulating powers of big organizations and giving it to common people. It doesn't make you President or Prime Minister. It just that you have a freedom which you have not earlier and due to this reason only China banned crypto as soon as they heard of it. Because they don't want to loose that power.

And crypto is a replacement for transactions and now what do you use for transactions money na. That's the reason why many countries don't welcome Crypto. As money governs as well as manipulates the whole living ecosystem.

Today's topic isn't about decentralisation it's about DEX and Dex Coins.

• Now soon more people will shift into Dexes and purchase dex coins as these coins are bound to perform and they have performed most of the time earlier.

How?

We will know in the further post but let's define the term Dex as many of you aren't comfortable with the term.

Dex- Decentralised Exchange

- An exchange with a Peer To Peer P2P crypto marketplace connecting buyers and sellers. A Dex never holds custody of user funds kept on the platform and all the transactions are sent into Blockchain without any entity to keep an eye on it. Examples - Uniswap , PancakeSwap etc.

While in CEXs ( Centralised Exchange ) they hold custody of your funds and transactions and have the power to interrupt and send informations to any other big authorities like governments of some like to own that power themselves.

Examples - Binance, Huobi etc and any regional exchange you are using.

Nobody wants that someone keep tabs on your Crypto transactions and assets and thats why many people like to trade in Dex. But dex don't have withdrawal facility like the Cex have, there only the exchange of crypto takes place. For money withdrawal you have to go into Cex or if I'm missing something Crypto experts let me know.

Why Dex and Dex Coins will become popular?

• Yes Dex is a safer platform to trade and it will become popular in few coming years as many countries are trying to regulate crypto by applying heavy taxes on it, like the situation of India. It's announced that they will apply 30% on every profit you make.

  Dex ain't governed by any government or entity so the trades which you make isn't easy to track and for the government it's the hardest job they could face in technology verse. So one can easily trade without worrying of tax. And for withdrawal, they just have to use P2P in any Cex.

• Now a lot of traders are fed up by the fees and unnecessary price fluctuation and not to mention the you can't sell funds in Bull run situation sometimes and are coming in Dex.

I am not saying it's bad to pay tax but when anybody wants to apply taxation on crypto and that with heavy percentage which is nobody's property and you invest it with your risk. You won't be that patriotic as you already paying tax through other things.

Even upto 5-10% is acceptable based on the risks here.

Now about Dex Coins,

Most of the Dex have their own coins like PancakeSwap has CAKE and Uniswap has Uni , likewise SushiSwap has Sushi.

Just see their charts now, coins with that much usage and potential what do you think, to me they are a better and safer investment for profit in upcoming bull run.

• No financial advice. It's just my view.

Like Uni's chart:-

See It's almost in the same price it was launched, don't see and compare it as meme coins and these Dex Coins are used for transactions and very few people hold it for lifetime, as while trading in Dex exchanges these are used and so on positive market it's kind of sure thing to take profit in coins like this. Likewise Cake has also the same graph. And is heavily discounted right now.

Final Thoughts:-

I am not a crypto advisor, I'm just learning like you. Any experts feel free to correct me in any wrong information and points. And do your search and research before trading. Also knowledge is always good so even if you don't trade make sure you know all the basics of Crypto.

See Ya!