RE: [Trend]Binance exchange announces its plan for DEX following Bitfinex

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[Trend]Binance exchange announces its plan for DEX following Bitfinex

in bitshares •  7 years ago 

We also think that DEXs is the trend that will dominate 2018. Notice that Binance created their own coin, BNB, to scale their platform and also create liquidity given that they are popular among other exchanges. Many exchanges are starting to do the same, creating their own cryptocurrency. An example is blockbasis, so when you login the first time you are awarded BASIS tokens in your account.

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Is blockbasis built on blockchain?

Thanks for your question, I will try to answer clearly, but notice that the answer depends on what your focus is for what parts of Blockbasis that is on the blockchain. Blocbasis consists of multiple services, from a website that you can access on blockbasis.com, to storing cryptocurrency safely in both hot and cold wallets, to executing all transfers and exchanges on the Graphene blockchain. So to answer your question briefly, yes Blockbasis is running on a blockchain, the Graphene blockchain using Bitshares, which makes Blockbasis a DEXs. Currently, there are research and efforts being done to rebuild the website and our mobile app (still in beta) on EOS, which also runs on the Graphene blockchain. More info on that will follow :)

Thank you for clarification.

I've been using the Bitshares and the Komodo BarterDex for sometime. Komodo seems to have the most secure and feature rich platform as of this post. Bitshares is also an amazing platform but limited in comparison. I agree with @blockbasis comment that DEXs "is the trend that will dominate 2018" or at least it will be in the top 10 areas of community interest and investment.