The Purplex decentralized cryptocurrency exchange is all set to revolutionize the way people trade cryptocurrencies and digital assets all over the world. It offers a blockchain-based, fully secure medium to buy, sell and trade top cryptocurrencies.
Here are the most frequently asked questions, with answers, about the Purplex DEX.
1. What is Purplex DEX?
Purplex is a decentralized exchange for cryptocurrencies that allows people to buy & sell digital assets such as bitcoin directly with each other. Purplex utilizes smart contracts and blockchain technology to allow middlemen-free trading of digital assets with high levels of security, transparency and privacy.
2. How is Purplex different from a regular crypto exchange?
Purplex is a powerful, feature-rich decentralized exchange that uses smart contracts to allow people to trade digital assets directly with each other without the need for middlemen. Regular centralized exchanges, on the other hand, operate through middlemen where owners have complete control over how the platform works and access to users’ personal data, funds, etc.
3. What is Purplex token?
Purplex cryptocurrency is a virtual asset powered by Binance blockchain technology. It operates through smart contracts and can be used for payments within the Purplex ecosystem, including secure payment of fees on the Purplex DEX.
4. What are the top features of Purplex?
The major features of Purplex DEX include:
- Advanced technologies - blockchain, Binance (BEP-20)
- 100% decentralized
- Safe & secure
- User-friendly interface
- Instant exchange of virtual currencies
5. What makes Purplex superior to other decentralized exchanges?
Purplex is a truly and 100% decentralized exchange for cryptocurrencies. It offers many great features, such as it runs on software code and is always online, which means you can trade any time any day from anywhere in the world. Purplex works on web 3.0 and has data distributed across secure networks. Smart contracts cannot be manipulated or deleted. Purplex is fully autonomous and runs independently of any central entity or authority. It cannot be hacked.
6. What are some of the benefits of Purplex?
Purplex provides a secure and powerful way for crypto traders to buy and sell cryptocurrencies with full autonomy. It supports cross-chain compatibility, so traders can also swap across other supported exchanges and make huge profits. Other advantages include:
- Instant credit of earnings to users’ private wallets
- 100% online, never down
- High transparency, zero fraud
- Zero human involvement, saves cost and time
7. What is Purplex token price?
The initial launch price of the Purplex token has been fixed at $1. You can buy the token at a discounted price in the presale.
8. What is the total supply of Purplex tokens?
The max total supply of Purplex is 1 billion, which means the max supply cannot be more than 1 billion. This will give a fair chance for the token value to increase with the demand. Out of the total Purplex supply, 30% of tokens will be released for the token sale.
9. When is the Purplex token sale?
The Purplex token sale will begin in April 2022. The presale phase 1 will be held in April 2022, while Phase 2 and Phase 3 are expected in May.
Visit the website https://purplx.io/ or join our Twitter/Telegram channel for the latest updates.
Originally published at www.medium.com