Greetings! 🤗
Today, we will tell you to choose TOZEX instead of well-known exchanges?
Currently, most #crypto exchanges are centralized. They have proven to be vulnerable to hacks, to react poorly to unusual #blockchain events like hard forks, and with a high regulatory risk.
Centralized exchanges’ main disadvantages:
🔻 Poor security level agreement service
🔻 Lack of transparency
🔻 Holding traders and investors funds
🔻 Centralized order book issue & price manipulation
🔻 Hacking target by design
🔻 Fake trading volumes
Decentralized exchanges:
🔹Do not rely on a third party to conduct trades or store cryptoassets.
🔹Use blockchain to enable peer-peer #trading without an additional third party.
🔹Do not hold customers’ information, balances, and portfolio allocations.
🔹Using your wallet to sign and transact (buy/sell orders)
🔹Smart contracts get executed and transfer of assets
However, the current decentralized exchange model suffers from practical challenges that must be solved in order to compete with centralized exchanges.
Decentralized exchanges main problems:
🔻 A relatively poor user experience
🔻 A lack of advanced trading functionality
🔻 A lack of liquidity
🔻 No compliance checks (KYC/AML)
Considering the fact that on the one hand, centralized exchanges bring user-friendly experience, liquidity and on the other hand that decentralized #exchanges provide security and privacy, the following question arises: can we find a hybrid system that provides the best of both models?
🏆 #TOZEX platform will propose the best of both model properties through a crypto exchange platform with an integrated decentralized order book.
🏆 TOZEX brings a reliable, transparent, and user-friendly platform design to provide a unique gateway for token issuance, financing & trading. Management of all the phases of the token life cycle in one place creates a very efficient ecosystem that aligns the interest of all the stakeholders of this new token-based economy area. TOZEX aims to protect the interests of token issuers, investors, and traders by creating an entire innovative ecosystem.
🏆 TOZEX is a combination of a decentralized issuance module “Tokenpad” and a trading module with an integrated decentralized order book.
📢 Do you prefer centralized or decentralized exchanges? What do you think of the TOZEX value proposition? Subscribe not to miss new exciting posts! 🔥