DTX Exchange (DTX): Linking DeFi and TradFi With the Unified Layer-1 Blockchain VulcanX
The intersection of decentralized and traditional finance is both intriguing and innovative—a game-changer. DTX Exchange (DTX), a hybrid trading platform that combines the best elements of centralized and decentralized platforms, will be a key player in this sector.
As a one-stop platform, DTX will allow the trading of diverse asset classes across the financial markets. Equally important, it will feature a novel Layer-1 blockchain, VulcanX, designed to link DeFi and TradFi. Primed for adoption, it is one of the crypto-based projects to watch out for this year.
DTX Exchange (DTX): A Modern-Gen Platform That Combines Elements of DEX and CEX
DTX Exchange’s (DTX) blend of key elements of CEX and DEX is a game-changer. Its hybrid approach to trading aims to address several critical challenges within the $10 billion global trading industry, notably financial exclusion, lack of diverse asset classes, global inaccessibility to markets and assets and low liquidity.
Hence, its hybrid approach will combine the user-friendliness of traditional trading platforms with key decentralized principles, striking a balance between accessibility, security and privacy. For instance, its wallet-based trading will boost financial inclusion—there will be no need for traditional bank accounts.
Additionally, through non-custodial storage solutions, the platform aims to reduce risk around centralization. Users will retain full control of their private keys and assets, guaranteeing security. Furthermore, DTX will expand asset classes through tokenization, while distributed liquidity pools will help tackle issues around low or poor liquidity.
At its heart will be a unified Layer-1 blockchain, VulcanX. What makes it different from conventional blockchains?
VulcanX: A Unified Layer-1 Blockchain That Links DeFi and TradFi
Unlike existing blockchains, DTX’s unified Layer-1 chain, VulcanX, is designed to interact with conventional assets—think stocks, ETFs and forex. It will serve as a link between everyday finance and the world of crypto, allowing users to trade traditional financial instruments and a wide selection of cryptocurrencies.
While the mainnet isn’t live yet, the testnet has already launched, with an expected TPS of over 100,000. It will stand out within the trading industry and blockchain landscape, primed for massive adoption.
Key Aspects of the DTX Exchange (DTX)
Besides its hybrid model—a combination of elements of centralized and decentralized exchanges—the DTX Exchange platform has other key aspects. The following points will throw more light on them.
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Smart Contracts: As with all blockchain-based protocols, DTX will have smart contracts. These contracts will assist with secure and automated transactions, ensuring that trades are executed as intended.
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Distributed Liquidity Pools: Unlike existing players, DTX Exchange will make use of distributed liquidity pools to improve liquidity and reduce slippage. To achieve this, it will combine liquidity from multiple sources, including users’ deposits and liquidity providers.
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On-Chain Order Book: For transparency, the trading protocol will employ an on-chain order book to keep a clean record of all buy and sell orders. This guarantees an open and verifiable trading process.
DTX Token: The Best New Crypto to Invest In
Given DTX’s potential transformation of the global trading market, it is a new DeFi project to watch out for. Moreover, as a top ICO, the token’s upside potential is staggering, dwarfing most top crypto coins. This contributes to the presale selling out fast, currently in the final stage, with over $13.2 million raised in funding.
It is heavily discounted at $0.16 in the eighth ICO round, with more room to run than most top altcoins—a good crypto to buy. According to industry experts, DTX might witness a 100x rally after listing on Tier-1 exchanges like Binance and Uniswap, making it arguably the best new crypto to invest in.
Find out more information about DTX Exchange (DTX) by visiting the links below:
