DeSo DEX – The world’s fastest on-chain social order book exchange
DeSo DEX – The world’s fastest on-chain social order book exchange
LOS ANGELES, Jan. 17, 2023 (GLOBE NEWSWIRE) — Takeaways:
-
DeSo, a new blockchain that raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, has just launched DeSo DEX, the world’s fastest full on-chain order book exchange capable of processing 40,000 matches per second.
-
This follows the launch of Openfund, which allows aspiring founders and builders to raise millions of dollars from anyone in the world as easily as creating a social media account.
-
DeSo DEX enables secondary trading of Openfund tokens, providing instant liquidity to founders and their contributors, and freeing up capital to use to grow their startups.
Until recently, few believed that full on-chain order book exchange was technically possible. As a result, users were forced onto centralized off-chain exchanges like FTX, which were able to flee with their assets.
That all changed today with the launch of DeSo DEX, the world’s fastest and fully on-chain order book exchange, capable of processing 40,000 matches per second while still allowing users to have full custody of their funds. A technological breakthrough, the user experience on DeSo DEX is as smooth as Coinbase, but without users ever having to give up custody of their funds. This follows the launch of Openfund, a cross-chain crypto-native fundraising platform that empowers anyone to start, fund, and trade the next big thing.
Openfund allows any Bitcoin, Ethereum or Solana user to invest in promising founders before turning to venture capitalists. The combination of Openfund and DeSo DEX disrupts the traditional early-stage funding model by unlocking instant liquidity for both founders and contributors. Founders no longer have to wait 10 or more years for their company to go public and be traded on a liquid exchange.
In addition, founders on Openfund can give contributors with their purchase a liquid token that can be traded immediately on DeSo DEX. Fast and gasless, trading on DeSo Dex solves a critical bottleneck of heavy network usage where transaction costs can skyrocket.
The story goes on
“DeSo is the only blockchain that could support a breakthrough application like Openfund and DeSo DEX,” said Nader Al-Naji, founder of DeSo. “The DeSo DEX can process 40,000 matches per second, making it the fastest in the world to our knowledge. Capital no longer needs to be unnecessarily held and pooled in inefficient liquidity pools, and no one ever has to risk their capital again with a centralized exchange.”
This is the latest in a series of achievements for DeSo. The platform was listed on Coinbase last year and also announced a groundbreaking MetaMask integration. The platform also recently announced USDC integration, which has attracted many new builders to the ecosystem, including Openfund.
DeSo DEX is another example of DeSo’s true disruptive power. It’s a platform that can disrupt not only social media but also the trillion-dollar early-stage funding market.
Contact Information:
Arash Ghaemi
Head of Growth Marketing
[email protected]
Related Images
Image 1: DeSo DEX – The world’s fastest on-chain social order book exchange
DeSo DEX enables secondary trading of Openfund tokens, providing instant liquidity to founders and their contributors, and freeing up capital to use to grow their startups.
This content was distributed via Newswire.com’s press release distribution service.
Appendix
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.