EdaFace Dex has several unique features that set it apart from the rest of Dex and Cex. Some of the unique features of EdaFace Dex are:

(a). Scam Coin detection

Because any coin or token can be traded on Dexs, the usual challenge has been: “How do we prevent scam coins on a Dex?”

That has been the major challenge for all Dexs until the arrival of EdaFace Dex.

EdaFace Dex has a system in place that checks and prevents scam coins from listing and trading on its platform. It does this via its Verification Asset Centre (VAC).

(b). Multichain Transactions

On EdaFace Dex, you can transact on many chains such as BNB Smart Chain (BSC), Ethereum chain, ZKSync, Arbitrum, Polygon Matics, Avalanche, Solana, Aptos, etc.

(c). Double Charges

A Dex transaction involves paying at least two charges – blockchain fee and platform fee. The blockchain fee is the gas fee and slippage is part of the platform fees. These double payments can make Dex transactions quite expensive.

EdaFace Dex is a multi-chain decentralized exchange, meaning you can trade with the most popular blockchains. Some of the blockchains offer minute to zero gas fees, hence, allowing you to pay only the platform fees. This makes EdaFace Dex transactions much cheaper and trading-friendly to users.

(d). Smart Contract Vulnerability

A Dex utilizes a liquidity pool with smart contracts to provide liquidity for trading. Such smart contracts may be amenable to hacking.

Thus, to enhance security and increase safety, EdaFace Dex is being fully audited both internally and externally. The external audit is being conducted byCyberscope, which is one of the best audit firms in the industry.

(e). Trade Leveraging

EdaFace Dex allows traders to open a leveraged position through a simple swap interface, and this reduces barriers to adoption. Leveraging should be upto 50 to 75%.

EdaFace Dex protocol allows you to enter and exit your trading position with no price impact, resulting in cost savings. This rare design choice ensures a better entry price than order book-based exchanges, where traders suffer from price slippage.

(f). High-Quality Price Feeds

EdaFace Dex uses an aggregate of Oracles and other high-quality price feeds to smooth out price fluctuations. This keeps your position safe from temporary liquidation wicks.

(g). Dual Model Carriage

Both spot swaps and leveraged trading are supported on EdaFace Dex. This dual model carriage improves capital efficiency, as the assets in the MIM Pool have high utilization. User deposits generate extra yield and don’t sit idle.

(h). Fiat Transactions

EdaFace Dex is introducing fiat-crypto trading. This is the first of its kind in the crypto industry.

Construction Deadline

EdaFace is still being developed. The testing and mainnet deployment of EdaFace Dex are expected to occur by December 2024.

Once in its mainnet, EdaFace Dex can be accessed here: https://dex.edaface.com/.

Meanwhile, you can follow up with its development at EdaFace Forum (https://forum.edaface.com/).