.jpg)
ByteDex Exchange is a robust and sturdy exchange designed for safety, fast and easy usability for community empowerment. ByteDex Exchange comes in to resolve the problems experienced in Centralised, Decentralised and Hybrid exchanges. It is a community driven platform that eliminates the problems encountered in other exchanges.
The platform is a hybrid decentralized crypto exchange built on Dual-Chain Blockchain. ByteDex exchange is designed to be safe: only the account holder have access to his or her own crypto assets. This means that client assets cannot be blocked, stolen or hacked. Even the ByteDex Exchange team cannot access client assets or interfere with transactions.
ByteDex Exchange: A Timely Intervention
ByteDexx exchange comes in at a time when exchanges experience various problems. Basically, there are three types of exchanges, namely: Decentralised, Centralised and Hybrid Exchanges. The three mentioned types of exchanges have advantages and disadvantages.
Centralised Exchanges
While centralised exchanges have some advantages such as:
• Ability to use debit and credit cards enabling the use of fiat currencies;
• High Liquidity and transaction capacity;
• More stockbroking instruments;
They also face numerous challenges:
• They are not really blockchain compliant (third party involvement);
• Price manipulations,
• Security issues,
• Control/manipulation of crypto assets – clients may lose their funds.
Centralised exchanges which involves a third party often gets hacked resulting in clients loss of funds. When such happens, it affects the crypto industry. Those that intend to learn more about crypto currency will be discouraged.
The issue of loss of funds/hacking are yet to be solved in most centralised exchanges.
Decentralised Exchanges
Advantages of decentralised exchanges include:
• Blockchain compliant,
• Control of assets,
• Liquidity pools are created by traders – cryptos not found in centralised exchanges can be found in decentralised exchanges,
• High security because transactions are performed on the blockchain – difficult to hack.
Disadvantages of decentralised exchanges include:
• Inability to use fiat currencies in its platform,
• cannot contact customer care if faced with problems on the platform,
• Platform interface in most cases are difficult for new investors in cryptocurrency – only suitable for the experienced investor,
• Due to insufficient liquidity pool, some trading pairs may not offer reasonable prices on the platform, making trading difficult and unattractive.
Hybrid Exchanges
Advantages of hybrid exchanges include:
• Safety: store information and assets in the blockchain using special softwares, safest type of exchange in stock exchange structures,
• Client have full control of their assets – transactions are carried out on the blockchain; they do not interrupt transactions, shut down or breakdown – there is continuity;
• Use of fiat currencies can be incorporated on the platform;
Disadvantages of Hybrid exchanges:
• Presence of central management, therefore, client may reason that the platform is not fully compliant to blockchain ideology
• Extra effort required by the platform to connect directly to stock exchange pools;
• Higher cost of setting up platform when compared with centralised and decentralised exchanges; - due to building their own unique design according to the blockchain structure.
Bytedex Opens up a New Beginning in Crypto Trading!
This is where ByteDex Exchage comes in. These problems inherent in most centralised and decentralised are now resoled on ByteDex Exchnage platform. ByteDex Exchage not only resolves the problems but also added more beneficial products to profit the community.
Why ByteDex Exchange is for you
With its own developed blockchain, ByteDex can attain very high transaction capacity and perform transactions within 1 to 3 seconds, This is as a result of its double tier blockchain structure. ByteDex decentralised exchange has a central management based mainly on double tier blockchain structure.
.jpg)
Interestingly, ByteDex functions on a blockchain structure that utilises its own consensus algorithm built on 12 super nodes existing in every continent of the world.
What are nodes? Nodes approve transactions on the blockchain. They run on private blockchain software in the blockchain network.
ByteDex excchnge have numereous benefits: safety, robustness, speed of execution, responsiveness, staking capability, earning capability for the ordinary man, among other incentives. Holders of ByteDex token can earn passive income by staking tokens – innovative technology of the Exchange.
ByteDex Exchange have no boundaries. The platform is community friendly. Both newbies and experts can use the platform conveniently with ease.
The innovative platform does not store or keep your wallet on the exchange. The platform is designed such that clients can connect to the platform with non-custodial wallets. With your credit card , you can buy crypto with ease on ByteDex platform.
Bytdex Exchanges makes it possible to list coins on its platform within a space of three days. This is attributed to the hard working team of ByteDex exchange. On launching the platform, the following tokens among numerous over hundred and twenty tokens, will be listed: Flow (FLOW); Clover Finance (CLV); Quant (QNT); c98, COVER, ERN, PHA, etc.
ByteDex Unique Landmarks:
ByteDex Liquidity Solution:
The convenience enjoyed by central exchanges in liquidity is obtainable on Bytedex platform. Bytedex connects to the liquid pool of major exchanges to its own pool using the smart route order systems. Instant data and pricing of dozens of exchanges are intergraded into the ByteDex exchange through the centralised exchange API. Matching of users among themselves is carried out with the matching mechanism of the double layer blockchain – matching buyer and seller in a matter of seconds.
ByteDex Dapps : This special platform enables users to develop applications on the ByteDex Blockchain!
ByteDex Token Launcher: Here, you can create tokens on the ByteDex Exchange. This means you can Develop Your Own Project! ByteDex will assist you to develop your own project! Is that not awesome?
ByteDex Coin: Holders of this unique coin will benefit from special commission rates, large discounts on trading commission fees and share the revenue of the bytedex exchange by staking. Bytedex Coin is the official trading unit of the Bytedex exchange
ByteDexCoin is the main coin for transactions on the Bytedex platform. The coin can be mined on the ByteDex blockchain.
ByteDex Token (TRC-10) are tokens featured on the TRON Network. They were produce basically for promotional purposes. The total supply is 1 billion units. The tokens that are not sold in the presale and general supply as well as the ones reaming after the swap transaction on the ByteDex exchange will be burned.
OTC Platform: This platform enables buyers and sellers to trade freely. The platform is highly secured coupled with ByteDex Assurance!
ByteDex Brokers: Brokers on ByteDex platform who are renowned traders can trade with customers’ limits from a special dedicated panel, thereby keeping you and your customer safe!
Byte Wallet (ByteW): ByteDex’s Decentralized Wallet is a unique feature of the ByteDex exchange. The decentralise wallet ensures that your crypto assets are safe.
Make Payments with your credit and debit cards: This special feature on the ByteDex Exchange enables client all over the world to own crypto assets by making it possible to buy and sell with their debit and credit cards. This is available worldwide.
Listing of Numerous Tradable Tokens /Coins (Trading Pairs): ByteDex will feature over one hundred and twenty trading pairs initially and targets listing over three hundred trading pairs within the first year. This will promote freedom of owing crypto assets of your choice.
.jpg)
Timeline for ByteDex Funding and Development Objectives (Roadmap):
August 2020 : Preparation of Exchange Architecture
October 2020: ByteDex Protoype Design
February 2021: ByteDex Software Infrastructure
April 2021: Website Launch & ByteDex Token Pre-Sale
May 2021: ByteW And Mobile App Design
June 2021: ICO
15th July 2021: Launch of Byte Wallet ByteW
31st July: Launch Of Byte Exchange!
August 2021:
ByteDex Staking
Token Launcher
OTC Platform
ByteDex Rewards
September 2021: Launch Of ByteDex Brokers
January 2022: ByteChain
June 2022: ByteDex NFT Platform
July 2022: Listing of BYTEDEX Token in 5 Exchanges
August 2022: At least 150 K Users
January 2023: ByteDex Community in at Least 6 Different Countries
Token Distribution
Tokens will be distributed to your ByteDex User Account immediately. Users can withdraw to Tron Based Wallets as well.
• Community
• Reserve
• Team
• Marketing
• Reward & Bounty
SoftCap Allocation
In Case SoftCap can not be achieved ByteDex Technologies OÜ will cover rest.
• Software Development
• Marketing & Promotion
• Operations
• Legal
• Reward & Bounty
• Management
Team tokens are locked for the first 6 months and will be vested over a period of 12 months total. Tokens reserved to advisors will be locked for 6 month minimum.
ByteDex Structure
1 ByteDex: 0.03 USDT
ByteDex Total Supply: 1,000,000,000
Emission Structure: Tokens not sold at preSale total 253,502,691 BYTEDEX Tokens have been already burned.
Safe Ways to Buy BYTEDEX: Bitcoin (BTC), Ethereum (ETH), TRON (TRX), Binance (BNB), Litecoin (LTC) and Fiat Payments (USD, Euro, TRY) will be accepted.
Hardcap: $15,000,000
Get in Touch with ByteDex on the following links:
Website: https://bytedex.io
Facebook: https://www.facebook.com/ByteDecentralizedExchange/
Twitter: https://twitter.com/ByteExchange
Telegram: https://t.me/ByteDexGlobal
Medium: https://bytedex.medium.com/
Linkedin: https://www.linkedin.com/company/bytedex/
Youtube: https://youtube.com/channel/UCw8wl0SXHhLI0xn0JPWFMtw
Reddit: https://www.reddit.com/user/ByteDex
Whitepaper: https://bytedex.io/wp-content/uploads/2021/06/bytedex_EN-2.pdf
Direct link to post: https://bitcointalk.org/index.php?topic=5349907.0
Author’s Information:
Link to Proof of Authentication: https://bitcointalk.org/index.php?topic=5349907.msg57545507#msg57545507
Forum Username: evichi
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1717893
Telegram Username: @jaymay
Participated Campaign: Article
TRC 20 Wallet address: TE5LDweNvX52RRQ2dMAkbfaw6wuWc9qb7q