UniqueDEX solves the main problems of the DEX ecosystem by aggregating multiple crypto exchanges into one intuitive portal
/EIN News/ — Ontario, CA, May 10, 2022 (GLOBE NEWSWIRE) — UniqueDEX is the world’s first aggregator-based trading engine and also allows clients to build their own Automated Market Makers (AMMs). . What sets this decentralized exchange (DEX) apart is that its liquidity aggregator engine analyzes prices across multiple cryptocurrency exchanges to fulfill client orders.
This is of tremendous importance as liquidity is one of the main issues with the decentralized exchange, preventing global adoption. A lack of liquidity inevitably leads to an unbalanced environment which can lead to market manipulation, volatility, price slides and lack of order fulfilment.
UniqueDEX builds on Ethereum and also eliminates another core problem (price arbitrage) by aggregating all of Ethereum’s existing exchanges. This allows for smarter pricing and greatly reduces arbitrage as numbers can vary across platforms.
Claiming to be the most advanced crypto liquidity aggregator ever created, UniqueDEX solves the biggest existing concerns with the DEX ecosystem. It enables consistent price representation due to the integration of prices across the largest existing DEX platforms and offers improved liquidity through this aggregation. As a DAO-based governance structure that is 100% custodyless, it provides these solutions without compromising users’ digital sovereignty.
The native token is $UDEX and is used for all transactions through the platform. It also allows for lending and staking rewards. The Deflationary Token serves as an open standard for decentralized applications (dApps) that integrate functionality into the UniqueDEX ecosystem. The proprietary staking mechanism is known as Delegated Proof of Brokerage, which performs all functions through a decentralized brokerage powered by the $UDEX token.
UniqueDEX offers the most advanced solutions available in the blockchain industry to date. These include an embeddable and aggregated order book, the ubiquitous order book of aggregated orders, and governance and stakeholder engagement. There is no other DAO-driven exchange without custody that offers similar functionality. Also, there is no other platform that allows users to create their own AMM in this way.
The smart contract functionality on which the platform was built has been reviewed by TechRate. Cold storage combined with user-controlled wallets also increases the security of funds. UniqueDEX offers the advantages of centralized exchanges with the speed, low cost and flexibility associated with decentralized exchanges. The protocol is open source, which means developers and companies can create powerful decentralized financial tools for free.
The UniqueDEX platform was launched on May 10th, 2022. In terms of order fulfillment, there are no swap fees, trading fees are minimal, and order execution is fast. Combined with a simple user interface, this is an ideal platform for crypto and NFT trading.
The platform will be connected to an increasing number of decentralized exchanges (DEXs) as these marketplaces become more popular. Users will increasingly benefit from risk-free, near-instantaneous and low-cost execution of their orders.
It could set a whole new standard in the fast-growing field of Web3 trading by removing the key issues of liquidity, price arbitrage and ease of use.
About UniqueDEX
UniqueDEX is an aggregator of several decentralized crypto marketplaces that offers the lowest possible price for Web3 assets. The first trading engine based on an aggregator, allows users to create their own AMMs, offers a futures and derivatives exchange and offers incentives through staking, yield farming and lending. As a DAO-driven structure and no-custodial solution, UniqueDEX offers an unparalleled order fulfillment experience. Orders are safe, fast and inexpensive.
Disclaimer: This article does not contain an offer to sell, a solicitation of an offer to buy, or a recommendation for any securities or other products or services. This is not investment advice. Readers are encouraged to do their own research.
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For more information contact :
Contact person – Kurt
Email: [email protected]
Location: Ontario, Canada
Company: UniqueDEX
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May 10, 2022 at 20:06 GMT
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