So I have spoken to a few dApp development companies, and here is what I have taken away from it:
- To start, it's going to be Bitcoin (on the lightning network) and native Monero.
- The off-chain orderbook is a no-go. Customers will be more likely to trust a dApp powered by contracts they can see on the blockchain.
- It's cheaper to make a browser extension than it is to make a desktop application, so the Fornash DEX will be a browser extension.
- It's going to support limit orders and market orders, with bi-directional atomic swaps.
- Basically the same UI/UX as Uniswap V1.
Of the three companies I interviewed, LimeChain (limechain.tech) was by far the most impressive. They said they will have a quote for me some time next week. I'll post here again after I next speak with them.
Sounds interesting! We are working on a CEX but I'll be following your project closely as I find its quite interesting.
Off-chain I don't think will be a large problem because even most current trading-oriented DEXs get you to 'transfer in' and then hold the money within their accounts. I'm talking about bullX or hyperliquid or suchlike.
Uniswap don't hold, since they're 'swapping' oriented. Likewise for Bisq or SimpleSwap or similar P2P swap utilities.