TokenDex: The Project
TokenDex is a crytpocurrency exchange built specifically for ERC20 token and Ethereum trading pairs. The exchange runs on Ethereum powered smart contracts that are responsible for managing trading, deposits, withdrawals, and wallet integration.
If you’re new to TokenDex, the general layout may look unsophisticated compared to Bittrex and Binance, and its user interface may be awkward and challenging to use at first. Don’t let it get to you. After you learn its ins and outs, you’ll see that TokenDex offers one of the safest and most streamlined trading experiences out there. Try it now: here!
TokenDex: Features
Gateway for Developers, ICO and Airdrop stage projects.
TokenDex will serve as a front end support for project developers and crypto enthusiasts. A TokenDEX listing will allow them to test their Smart Contracts and test on how it will act on a trading platform. The platform can also be used for project promotion and/or initial exchange listing.
Integrated Community Support and Reward System.
The Integrated Community Support and Reward System will bring a new dimension to community driven front- and back end support.
Integrated ERC20 Token Exchange.
The TokenDEX exchange uses EtherDelta’s original smart contract. TokenDEX users can trade all ERC20 Tokens and benefit from EtherDelta’s trading volume.
Open source project.
All Smart Contracts will be made available on Github. Anyone can visit and audit and contribute to the repository.
How It Works
TokenDex functions like one big smart contract. Smart contracts oversee most of the site’s functions, including wallet integration, deposits, withdrawals, and trade orders. They’re TokenDex’s distinguishing feature, making it truly decentralized and offering users more control than other mainstream exchanges.
Upon opening TokenDex, you’ll notice how compact the entire interface is. The wallet, order book, and price chart are all in the same place, and you don’t even have to create an account to begin trading.
Instead of opening an account like you would on a legacy exchange, TokenDex’s smart contracts allow you to manage your funds directly using your own Ethereum wallet account. You can eithEDdropdowner import a preexisting Ethereum account or create a new one with the exchange. Alternatively, you can also sync a Ledger Nano S or Meta mask account to the exchange. We’ll go over each of these account options in more detail below, but first we’re gonna look at how to begin trading on TokenDex. To manage your account(s), you click on a drop-down menu in the upper right-hand corner of the exchange. From here, you can import/integrate wallets and keys and open an account’s Etherscan page.
It’s important to note that you cannot trade directly from your Ethereum accounts. To use the exchange, you have to transfer funds from your personal wallet to the exchange wallet. In order to do this, hop over to the Balance box on the right side of the page and select Deposit. Any funds that are in your personal wallet will be listed under “Wallet,” while any funds that are in the exchange’s smart contract will be listed under “TokenDex.” To initiate a transfer, you need to enter the amount of Ethereum or ERC20 token you want to move from you wallet to the exchange and click the blue Deposit button.
After you’ve done that, a pop-up will give you an Etherscan address to track your transaction. The funds will hit your exchange wallet as soon as miners verify the transaction. This process works the exact same for withdrawals. You just need to click on the Withdrawals section of the Balance Box, enter the amount you’d like to move from TokenDex into your wallet, and click “Withdraw.” There’s also a transfer option to send exchange or wallet funds directly to a different Ethereum wallet address.
And that’s all there is to it. The transfer process may seem excessive and tedious at first, but its nothing you don’t already have to do with mainstream exchanges. Moreover, it gives you additional control over your funds, as the smart contracts conform to a multitude of wallets and storage options.
DEX Token (DEXT)
Additionally, to allow for growth of the community, TokenDex created community/utility token, named DEX Token. DEX Token will be the reward system for community members for providing valuable information, community service or any other kind of useful participation within the community. Partnership with one of the safest and fastest wallet systems will allows for easy rewards with TDEX own exchange token and easy transfer between community members. Community members can use the community token to tip each other, pay for services or to reward a community member or moderator. DEXT token will also be the official currency within the DEX ecosystem, it will be used as a utility token and a currency to purchase service, digital product/assets and/or tangible item within the community.
For more information about TokenDex, you can visit these following links:
Website: https://tokendex.github.io/
ANN Thread: https://bitcointalk.org/index.php?topic=4544464
Telegram: https://t.me/TokenDEX
Twitter: https://twitter.com/Token_DEX
About Author:
Bitcointalk Username: tpq01349
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1972940
No comments:
Post a Comment