There are approximately 1,568 different cryptocurrencies available in the digital market today. And to facilitate the trading of these cryptocurrencies, there are around 200 exchanges across the globe. Some of the leading exchanges including Binance, Kraken, Coinbase, Bitfinex, etc, handle crypto trade volume worth USD 1 Billion every day. While the growth of the cryptocurrency landscape is exponential, it still fails to garner traders and investors with reliable growth opportunities.
This is because, a majority of cryptocurrency exchanges operate on a centralized structure, which leads to challenges including lack of transparency, high precariousness, data abuse, security issues, high transaction fees, etc. These setbacks impact the trading efficiency and keep traders from harnessing optimum potentials out of this profitable domain.
DexAge – A Peer-to-Peer Solution
DexAge is a unique decentralized exchange solution that aims to eliminate the aforementioned setbacks and make crypto trading more user-centric. To accomplish the same, the platform has integrated decentralized peer-to-peer transaction system of blockchain technology. By capitalizing blockchain technology, DexAge plans to develop a permissionless, trustless, and decentralized P2P trading and lending system that offers maximum security and efficiency in the crypto-trading process. A unique aspect of this ecosystem is that it will be driven by users, traders, and investors through a social web.
Core Components of DexAge
- P2P Crypto to Crypto Exchange
DexAge platform facilitates P2P crypto to crypto exchanges that enable users to retain full control over their trading activities within the system. Additionally, all the transactions are executed via smart contract, thereby ensuring security and transparency. Moreover, the crypto assets obtained by users are stored in permissionless wallets that aren’t controlled by platform instead handled the users. The role of DexAge in a crypto-exchange process is limited to confirming the availability of sufficient funds in each party’s account, ascertaining the credibility of the transaction, and balancing the trade request from the order book.
- P2P Fiat-Crypto Exchange
It allows users from around the world to exchange their crypto assets into fiat money, thereby increasing the DXG (native token of the platform). Users can post their advertisements along with exchange rates and payment methods on the DexAge. Users can either directly meet up with the concerned party and pay in cash or trade through online banking. Additionally, the crypto assets can be directly sent from the personal wallet of the users.
- P2P Crypto Lending
The P2P crypto loan services enable users to retain their crypto assets in case they predict the value of a particular cryptocurrency might appreciate in the future. DexAge allows users to stake their crypto assets as collateral and obtain a loan of the same value to strengthen investment portfolio.
The P2P DAPP Based on Social Web
To further encourage the core concept of a user-centric structure, DexAge plans to develop a P2P mobile chat application wherein users will be able to perform exchange activities as well as communicate with other users in real-time. The application envisions to offer the following services to its users:
- Crypto to crypto exchanges
- P2P Lending
- DXG chat
- Escrow trading
DexAge Token Sale
DexAge token (DXG) is an ERC 20 Ethereum based token. The platform has circulated a total of 5 Billion AXG token and set the soft cap value at USD 5 Million. The platform has also secured a token listing agreement with Latoken The minimum purchase value is USD 100 and the platform presently accepts BTC, ETH, LTC cryptocurrencies for payment. The token sale started from November 30th, 2018 and will last till February 28th, 2019 and users can acquire the token from https://dexage.io. The tokens are distributed in the following way:
- 45% – Crowdsale
- 15% – Team
- 15% – Reserved
- 10% – Pre Sale
- 10% – Airdrop and Bounties
- 5% – Core Investors
Moreover, the fund collected from the token sale will be allocated in the following way:
- 40% – Marketing, branding, and education
- 40% – Platform development
- 20% – Contingency Plan
DexAge – A Versatile Crypto-Trading Platform
DexAge has developed a decentralized, trustless, permissionless exchange platform to eliminate the current challenges of centralized exchanges and optimize the profit-earning opportunities of traders and investors alike. Furthermore, the ecosystem is controlled by its users, traders, and investors, which strengthens the flexibility of the trading process and enhances the overall user experience.
For more information visit https://dexage.io/
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