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Author Topic: The Future of Decentralized Trading Polkadex in DOT eco.  (Read 11874 times)

Offline Rodan_Jarikic

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The Future of Decentralized Trading Polkadex in DOT eco.
« on: November 17, 2021, 11:06:53 AM »
Polkadex is the first project featuring an orderbookPolkadex offers two methods for bringing liquidity to the market: the Polkadot Parachain and the Snowfork Trustless Ethereum Bridge. The Polkadex parachain will only have one functionality: bridging liquidity between Polkadot and Polkadex. There will be no further features.The Polkadex Parachain allows traders to bring liquidity without entrusting their assets to a centralized service or the Polkadex Team, and the Polkadot interoperability layer protects all of their assets. based exchange in the Polkadot ecosystem.

What do you think about the future of decentralized exchanges?If you are using a decentralized exchange, what is your reason for choosing it?

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The Future of Decentralized Trading Polkadex in DOT eco.
« on: November 17, 2021, 11:06:53 AM »

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Offline FemmeFetale

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #1 on: November 18, 2021, 12:16:02 PM »
According to Chainalysis' recent study, decentralized exchanges (DEX) have increased dramatically since 2019, but the number of active exchanges – whether centralized or decentralized – has decreased within the same time period.DEXs have exploded in popularity, along with the exploding popularity of the DeFi (decentralized finance) sector as a whole.As far as i see Polkadex is the first project featuring an orderbook based exchange in the Polkadot ecosystem.As i like multi-chain solutions in current market i believe PDEX will be a lot better shape in near future.

Offline Danube

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #2 on: November 19, 2021, 10:43:23 AM »
I believe PDEX will be in much better health in the near future, since I prefer multi-chain solutions in the present market. Polkadex will be able to link to any other parachain and the Polkadot network to distribute assets in a trustless manner once it becomes a parachain. Polkadex will also be able to transfer assets from Ethereum to the platform. PDEX's concept appeals to me. I appreciate their roadmap and their bridge for multi-chains, and I'm slowly becoming a fan of DEX'es.

Offline Ghostrider

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #3 on: November 20, 2021, 11:11:20 AM »
This is the first time I've heard of Polkadex as an exchange. How exactly does it work?

Offline ryan_cohen

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #4 on: November 21, 2021, 12:36:46 PM »
This is the first time I've heard of Polkadex as an exchange. How exactly does it work?
You can register multiple hot wallets.Basically,To automate trading with your funds, connect hot wallets based on browser extensions, mobile phones, or iPads, and add on-chain trading bots.

Offline Whiplash

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #5 on: November 22, 2021, 02:45:27 PM »
This is the first time I've heard of Polkadex as an exchange. How exactly does it work?
You can delegate your assets to third parties.Polkadex Orderbook allows you to manage your assets and assign them to third parties. You can take advantage of automated trading while maintaining control over your crypto investments.

Offline DreamyKyoto

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #6 on: November 23, 2021, 11:18:44 AM »
Polkadex also says that you can keep your assets safe and secure.They say you can leave your assets on the exchange without fear of being hacked, and you'll save money on transaction costs by not having to move your money in and out every time you wish to trade.Do you also do this in Polkadex?

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #6 on: November 23, 2021, 11:18:44 AM »


Offline Oliver_Hudson

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #7 on: November 24, 2021, 09:13:27 AM »
I only do this on a few exchanges I trust, and Polkadex is one of them. Again, no one can be convinced that it's 100% secure, but I haven't had a problem so far.

Offline Lehner_1977

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #8 on: November 25, 2021, 08:45:06 AM »
This is the first time I've heard of Polkadex as an exchange. How exactly does it work?
As far as i know,Polkadex is a project that aims to build a platform that combines the advantages of centralized and decentralized exchanges into a single cutting-edge technology.

Offline raymond_kloyth

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #9 on: November 26, 2021, 09:17:56 AM »
Sol Polkadex is attempting to ensure that CEX and DEX are equally secure?

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #10 on: November 27, 2021, 04:15:02 AM »
What do you think about the future of decentralized exchanges?If you are using a decentralized exchange, what is your reason for choosing it?
Decentralized Exchange (DEX) is definitely very much needed in the cryptocurrency space because it is very simple and very easy to use, we only use a private key and we can trade the coins we have on DEX without having to follow the rules that apply like in the Centralized Exchange.
PolkaDex is also very easy and simple to own so that it creates something easy to have on various polkadot coin platforms and when we look at the marketcap of PolkaDex it is also very large and worthy to be used as the DEX of Polkadot coins.

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Offline Lehner_1977

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #11 on: November 27, 2021, 10:20:25 AM »
Sol Polkadex is attempting to ensure that CEX and DEX are equally secure?
Well, if I describe it this way, it might be simpler to grasp. Polkadex's mission is to create a completely decentralized token trading platform in an untrustworthy peer-to-peer environment. High liquidity, lightning-fast transaction speeds, high-frequency trading, and trading bots are among the sophisticated trading features available.

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #12 on: November 28, 2021, 06:03:27 AM »
The ecosystem of this Polkadot coin is amazingly good, so for DEX trading it is also very capable, so I think it is very worth trying because usually from DEX trading with the "Swap" type, sometimes there is an Airdrop whose coins are worth up to 4000 USD.
Maybe Polkadex has not issued an Airdrop event at this time but maybe in the future Polakdex will provide a good event because Polkadot coins are also very capable because they are included in the top 10 Coinmarketcap.
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Offline raymond_kloyth

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #13 on: November 28, 2021, 10:15:03 AM »
Sol Polkadex is attempting to ensure that CEX and DEX are equally secure?
Well, if I describe it this way, it might be simpler to grasp. Polkadex's mission is to create a completely decentralized token trading platform in an untrustworthy peer-to-peer environment. High liquidity, lightning-fast transaction speeds, high-frequency trading, and trading bots are among the sophisticated trading features available.

It is easier for me to understand because it was more descriptive.So what is a Polkadex order book?

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Re: The Future of Decentralized Trading Polkadex in DOT eco.
« Reply #14 on: November 29, 2021, 02:30:08 PM »
As a quote to Raymond It is fully decentralized tier 2 exchange with an order book built on top of the Polkadot network.While working on polkadex orderbook,two trader groups were considered.

 

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