Abstract
In the crypto market, there are two types of exchange platforms, the first is the centralized exchange platform and the second is the decentralized exchange platform. Both platforms have their respective advantages and disadvantages, such as a centralized exchange platform being more controlled than a decentralized exchange platform. And a decentralized platform will not manage user assets, so it is more secure compared to a centralized exchange platform. And there are many advantages and disadvantages of both centralized and decentralized exchange platforms.
But nowadays there is an exchange platform that combines centralized and decentralized exchange platforms, it is a hybrid crypto exchange platform and this is what ByteDex Exchange is adopting. ByteDex Exchange is a Hybrid decentralized crypto exchange, which combines the advantages of a centralized and decentralized crypto exchange platform. Users can trade securely and they can manage their assets and trade freely without intervention from any party, even from ByteDex Exchange itself.
Hybrid Crypto Exchange
Hybrid in the dictionary means combining two things into one, this is intended to get better results. Just like this, crypto developers also combine decentralized and centralized exchange platforms to be able to present a good and reliable exchange platform for users. By combining the advantages of a centralized and decentralized crypto exchange, developers can provide users with a crypto exchange platform that allows users to trade securely and allows them to manage their assets freely without intervention, and many other advantages. Seeing this, ByteDex Exchange wants to become a hybrid crypto exchange platform, which will be supported by central management based mainly on a double-tier blockchain structure, and users can freely trade or manage their assets. ByteDex Exchange takes advantage of both centralized and decentralized exchanges and delivers them to users.
Unlike most exchange platforms, ByteDex Exchange developed their own blockchain technology, which later this blockchain technology will secure the platform and can handle high transactions.
ByteDex Exchange Features
ByteDex Exchange is a hybrid crypto exchange platform that allows users to trade securely and manage their assets more freely. By combining the advantages of a centralized and decentralized exchange, ByteDex Exchange can provide users with an exchange platform they can rely on. Following are the features of ByteDex Exchange:
ByteDex Liquidity Solution: A solution that makes it easy for users to trade with 300+ Trading Pairs.
ByteDex Dapps: Crypto developers can develop secure and sophisticated Dapps on the ByteDex Blockchain.
ByteDex Token Launcher: Project owners can develop and launch their tokens on ByteDex Exchange easily and quickly.
ByteDex Coin: Native coin from ByteDex Exchange which users can stake to earn passive income.
OTC Platform: Secure crypto trading that makes it easy for users to trade with ByteDex Assurance.
ByteDex Brokers: Traders can trade with their customers from the special panel provided by ByteDex Exchange
Byte Wallet: A digital wallet provided by ByteDex Exchange to make it easier for users to securely store their crypto.
Payments and Fiat Money: Crypto asset trading feature with support for Credit Cards and Debit Cards from all over the world.
Tokenomics
ByteDexCoin is the native coin of ByteDex Exchange which will serve as a utility coin. ByteDexCoin like other coins on the exchange will serve as the main payment on the platform and support the development of the platform. ByteDexCoin will also be used for commissions, staking, rewards, and all other transactions. Based on Tron TRC-10, ByteDexCoin will be launched with a total supply of 1,000,000,000 coins. If users are interested in owning ByteDexCoin, they can participate in the token sale program that will be organized by ByteDex Exchange. By joining this program, users have the opportunity to enter at low prices and will profit later.
To conclude
Centralized and decentralized exchange platforms have their respective advantages and disadvantages. But when combined, actually these two platforms can present a reliable crypto exchange platform. Therefore ByteDex Exchange was launched with a hybrid system, which is a combination of a centralized and decentralized exchange platform, which allows users to trade securely and manage their assets more freely. With a hybrid system, ByteDex Exchange can be controlled and more targeted and at the same time will not interfere with trading or user digital assets.
Connect with ByteDex Exchange
WEB: https://bytedex.io/
TWITTER: https://twitter.com/ByteExchange
FACEBOOK: https://www.facebook.com/ByteDecentralizedExchange
