Home Component 3: Dex Reflectors
Principles of EdaFace Dex
The following principles govern the functionalities of EdaFace Dex: (1). Principle of Modified Automated Market Makers EdaFace Dex utilizes the Principle of Modified Automated Market Makers (mAMM), which allows digital assets to be traded in a permissionless and automatic way by using liquidity pools rather than the traditional market syste...
Benefits of Using EdaFace Dex
The benefits of transactions on EdaFace Dex are numerous and include: (a). Availability of Tokens Unlike Centralized Exchanges (Cex) where the listing of coins and tokens is vetted so that only the Cex-approved ones are available for the traders, EdaFace Dex offers a platform for any coin or token to be listed. However, such a coin or token...
Functions of EdaFace Dex
The functions of EdaFace Dex include the following: (1). Listing Functions (a). Listing digital assets EdaFace Dex has a platform for listing digital assets and exchanges. (b). Verification of Assets Before any digital asset or exchange is listed on EdaFace, it will have to be verified by EdaFace Verification Asset Centre (VAC). (2). Tra...
The Unique Features of EdaFace Dex
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 detectionBecause 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 arriv...
Construction of EdaFace Dex
EdaFace Dex is the decentralized exchange of the EdaFace Ecosystem. Divisions of EdaFace Dex EdaFace Dex is very unique. It consists of the various Divisions: (a). MIM Pools (b). Spot Tradiing Platform (c). Farms (d). Ponds (e). Derivatives Platform (f). Lending Platform (g). Bridges (h). Resources Stages of Construction EdaFace D...
Cex versus Dex
The crypto user interfaces are the exchanges, the aggregators, and the lending platforms. As the Crypto Market grows, two kinds of exchanges have emerged – Centralized and Decentralized Exchanges. Table 6 below summarises the differences between these two exchanges. Centralized Exchanges Centralized exchanges (Cex) are the first kind of ex...
Dex Listing Platform
A Decentralized Exchange (Dex) is an exchange that offers transactions with no centralized authority to control the transactions. The Dex Listing Platform is where the listed Dex can be seen, and it is part of the EdaFace Listing Platforms. You can access the Dex Listing Platform here: https://listing.edaface.com/dex. (Note: The Dex Listing ...
Introduction to Component 3
Immediately Satoshi Nakamoto announced a Bitcoin whitepaper on the 31st of October 2008 and mined the first digital cryptocurrency called Bitcoin from the blockchain on the 9th of January 2009, a market system started to build around this digital asset.However, contrary to Satoshi's original intention, the market system that was built had ce...
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