A cryptocurrency exchange or digital currency exchange is a business that allows customers to trade digital currency or cryptocurrencies for other assets, such as conventional fiat money or other digital currencies.A centralized exchange is an exchange platform where decisions, governance and regulations are carried out by a consolidated authority while a decentralized exchange is an exchange platform where the platform users dominate the governance of the platform.
Cryptocurrency exchanges can be market makers who typically use bid-ask spreads as transaction commissions for services or, as matching platforms, simply charge fees.The hybrid exchange has many features of a decentralized exchange with some parts of the exchange built with the technical know-how of both centralized and decentralized exchanges.. As a cross-variety exchange, it takes some of the features of the exchange to come together to give each organization a better service for its customers.Some of the features on a hybrid exchange show some of the features of a centralized system.However, there are many exchange platforms with lots of features to offer the traders and crypto holders but recently the exchanges have presented the traders and crypto holders with some major challenges which include; high transaction fees, low security level, slow transaction processing. These challenges have led to many setbacks in terms of exchange. People need a decentralized exchange that will make trading, exchange and other financial operations easy, efficient, fast, and an exchange platform where minimal fees are charged on the transactions made.So Bytedex is a decentralized exchange which has several combined exchange features which makes it a Hybrid Exchange. So we can call Bytedex as HEX Exchange. ByteDex does not save your resources. Customers interact with the exchange with non-custodial wallets and trade in a protected environment.
What is ByteDex Exchange?
ByteDex is a hybrid blockchain based exchange that uses a noncustodial crypto wallet that takes some of the features of a centralized exchange to provide better services to its users. We can call the ByteDex exchange a hex exchange that does not hold your funds. Users connect to exchange with non-custodial wallets and trade in a secure environment. The ByteDex exchange uses a different architecture that gives the ability to work on ethereum, smart chain finance and the Tron network simultaneously.
Why Choose us?
At Bytedex Exchange we use another design which limits us to working Ethereum, Binance Smartchain, and Tron Networks at the same time. ByteDex has a Dex wallet called ByteW. ByteW is a multisign wallet like trust wallet that customers can connect with our exchange and work on there 3 blockchain networks at the same time through sharp and sophisticated understanding tasks. Also on Bytedex Exchange, "ByteDex Brokers" is another component that a capable sender may need especially where they provide a capable trading organization to their customers using the customer's resources in the options chosen by the deposit owner. In addition, we offer BYTEDEX Token holders an opportunity to get compensated for showing their tokens on the ByteDex exchange up to %50 APY as indicated by their total and checking time. ByteDex has inventive theoretical thinking, around completion of this year, all features will be done as written in white paper. Until additional notice, our exchange will open on July 31st.
ByteDex Exchange Features
ByteDex Liquidity Solutions - ByteDex can offer all the conveniences offered by a central exchange in liquidity on the Dex platform. For crypto asset pairs which are not sufficiently available on ByteDex via Smart Order Routing, it is obtained from trading pairs of other exchanges and presented to users in the most appropriate way. All these operations take place in the background in seconds.
ByteDex Dapps - You can create games that work on the ByteDex blockchain for real-life use, generate your own tokens for use in these games on the ByteDex exchange, and finally list the crypto tokens for these games on the ByteDex exchange.
ByteDex Token Launcher - Different tokens can be created on the ByteDex blockchain via ByteDex Exchange. Those generated tokens can be listed separately on the main exchange screen. In this list, each token generated will be paired with BYTEDEX and will be opened for trading if it meets the appropriate requirements. Tokens that succeed in this list will get the right to be published on the main list of ByteDex.
ByteDex Coin - ByteDexCoin is the main transaction and payment unit of the ByteDex ecosystem. BYTEDEX Coin will be produced by mining the stock exchange on the ByteDex blockchain. All in-exchange payments will be made with BYTEDEX and will be used for commissions, prize bets and all other transactions.
ByteDex Ecosystem
OTC Platforms
ByteDex offers a kind of escrow service as well as recording all transactions on the blockchain. In OTC transactions, money is sent first and then the exchange of crypto assets takes place. In this context, ByteDex checks if money has been deposited in the desired amount and records it. The owner of the Crypto Asset sends the requested amount of the crypto asset to the buyer. This process is recorded on the blockchain. When a transaction occurs, ByteDex transfers the cost of the crypto asset deposited to the seller. In this way, transactions are carried out securely and at the same time, the validity of transactions made with transaction records in the blockchain is proven by both parties.
ByteDex Broker
ByteDex Brokers allows people who specialize in Crypto asset trading to provide brokerage services to people who do not have sufficient experience in the crypto asset market. In this way, users can get better benefits from the crypto asset market with experience and knowledge of a good broker. Users can choose between brokers listed on ByteDex with a reciprocal negotiation method or traders who already provide brokerage services can start serving their customers directly on ByteDex. Under no circumstances may the Brokerage transfer funds to another account. The profit rate earned by the broker is automatically sent to the exchange wallet at the rate they agree with the user at the close of each transaction.
Byte Wallet (ByteW)
Byte Wallet is a type of DEX wallet inherited from the Stellar ecosystem decentralized wallet concept. ByteW does not contain crypto assets but displays your information and crypto assets embedded in the ByteDex blockchain and allows you to perform transactions on the blockchain via ByteW in an integrated manner with the ByteDex exchange. It is impossible to hack or steal crypto assets because they do not contain crypto assets in the wallet.
Payments and Fiat Money
ByteDex Exchange has 3 different payment points, and you will be able to transfer fiat money from all credit and debit cards to your wallet. Visa and Maestro enabled cards will be distributed to ByteDex users and you will be able to withdraw your cash assets on ByteDex Exchange and use them in Turkey.
Why ByteDex Exchange?
ByteDex believes that today's centralized and decentralized exchange problems can be overcome by combining aspects of both models with the resulting hybrid exchange model, or CDEX.
Users will hold their own private keys for every trade, and every trade will take place on the blockchain. Any slippage or gas charges will be included in the clearly stated fees or have the responsibility borne by ByteDex, not the user.
The ByteDex team will process fiat payments and monitor liquidity, ensure that no users are locked out of their financial assets, and allow people who do not own cryptocurrencies to participate in DeFi projects without going through an intermediary centralized exchange.
The platform will serve as a cross-blockchain hub, connecting Uniswap, Pancakeswap and Justswap initially, to a centralized exchange.
The ByteDex token will be the native token of the exchange, available on the Ethereum network, Binance Smart Chain, and the Tron blockchain. These tokens will have the ability to be staked for a share of company earnings, referral benefits, trading fee discounts, and similarly, will be available for trading in exchange for cryptocurrency or fiat.
What are BYTEDEX tokens?
BYTEDEX Coin is the main transaction and payment unit of the ByteDex ecosystem. BYTEDEX Token is the official trading unit of Bytedex Exchange. BYTEDEX Token has been produced in collaboration with Tron Network.
BYTEDEX Coin Utility
All in-exchange payments will be made with BYTEDEX and will be used for commissions, prize bets and all other transactions.
BYTEDEX will make trading pairs with all major Crypto assets
Holding BYTEDEX Tokens, you will get great rewards and discounts on ByteDex Exchange.
Staking BYTEDEX Tokens gives stakers the ability to earn a net profit from the exchange as a reward in BYTEDEX Tokens.
A total of up to %50 of net exchange earnings will be distributed to Stakers according to the amount and period of staking.
Tokonomics
Token Name: ByteDex
Ticker Token: BYTEDEX
Network: TRC-10
Total Supply: 1 billion
Special Pre-Sale Price 1 BYTEDEX = 0.01 USDT- Total Supply: 100,000,000
Pre-Sale Price 1 BYTEDEX = 0.02 USDT - Total Supply: 200,000,000
ICO Price 1 BYTEDEX= 0.03 - Total Supply: 200,000,000
How to Buy ByteDex tokens?
Register on ByteDex.io and go to your ICO user panel. Select one of the listed payment methods. Follow the instructions. Fiat payments are available via wire transfer.
How to Buy ByteDex tokens?
Register on ByteDex.io and go to your ICO user panel. Select one of the listed payment methods. Follow the instructions. Fiat payments are available via wire transfer.
The Byte Exchange will be a neighborhood exchange first time in the world. Each individual gathering with least 10.000 people has right to pick own neighborhood of that country. Neighborhood will happen at the main gathering of the Byte Exchange for seemingly forever and will address their neighborhood. Byte Exchange will share %20 of complete pay from the pioneer’s country as monetary arrangement of neighborhood in that country as well. Political race Terms and least necessities of being a competitor for the neighborhood will be proclaimed.
Roadmap
Detailed Information:
Website: https://bytedex.io
Whitepaper: https://bytedex.io/wp-content/uploads/2021/06/bytedex_EN-2.pdf
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
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