What goes wrong if SnowGem uses existing centralized and decentralized exchanges? Creating userbase and generating real volume is not that easy. There is a huge exchange competition now.
I agree. The competition among crypto exchanges is simply mega big. But project SnowGem has something that other projects do not have: very strong developers and a huge and loyal community.
It can be easily found out that Snowgem has good community support. This 2700+ post in this thread. Strong developers mean exchanges support listing very fast. So, a self hosted exchange should not be the first priority for SnowGem. Bring new tech before making a new exchange.