DEX exchanges were created for trading digital assets without third parties, peer-to-peer. The pioneers are on everyone’s lips: Binance, Mdex, UniSwap… The total number of websites is constantly growing. The secret of their popularity lies in the fact that the cryptocurrency and NFT holders need services of a DEX exchange. Let’s consider the three most promising decentralized startups in 2022 with their own developed ecosystems.
This is a cross-chain decentralized exchange based on the Extended Unspent Transaction Output (EUTXO) model from the Cardano blockchain. It supports the atomic swap feature. Users are greeted with a recognizable design from the Cardano development team and get access to the contract exchange from two different blockchains in automatic mode, i.e. without the mediation of a third party.
Liquidity between the Ergo and Cardano blockchains is formed thanks to the DEX cross-chain. Moreover, the algorithmically stable Djed coin has already been launched into the public test network, which secured a clear growth vector for the Cardano ecosystem.
What makes this exchange unique is that it uses the EUTXO model to combine decentralized Automated Market Maker (AMM) contracts and order books. Before ErgoDex, no one had previously managed to combine the liquidity of two types of decentralized exchanges on one platform.
The developers announced the successful launch of the Cardano testnet and the ErgoDex platform on April 5, 2022. No problems were detected in the first days. The official release of the exchange is scheduled for Q3 2022.
A Berlin-based startup managed to raise the 2nd round of funding in the amount of $10 mln in venture capital investments to develop its own decentralized exchange in May 2022. Three large investors entered the project in order to get equity in it:
● Framework Ventures (also participated in the 1st round);
● Blockchain Capital;
● Pantera Capital.
However, the developers disclose no information about the size of the acquired share to the general public. According to their ideas, the new algorithm uses neither wrapped tokens, nor vulnerable niche wallets.
Some DEX exchanges, such as Uniswap, managed to achieve this to some extent. However, the advantage of Chainflip is that it’s not tied to any token exchange chain. The task is solved by creating independent network of validators, as well as a unique blockchain.
The first round of funding was run earlier, in August 2021. At the time, Chainflip raised $5 mln through a private sale of FLIP tokens. These funds will be used to form a pledge for the network protocol validators. The developers reported that there was no token yet, but there were some smart contracts with 50 investors. According to the roadmap, the public launch of the FLIP token is scheduled for the end of 2022.
Welcome a representative of the latest generation of DEX exchanges from the Relictum Solution PTE. LTD team, which operates in line with the principle of atomic swaps. You do not need to follow any links or connect an electronic wallet to the website in order to take advantage of all its features. The exchange is implemented in a node. The user just needs to log into their account after downloading the Relictum Pro node on any available device: laptop, smartphone, tablet, etc.
According to the project roadmap, the list of available exchange services includes:
● instant transactions: the speed of their execution reaches 100,000 transactions per second at the initial stage;
● free creation of limit and market orders;
● free access to limit orders (stop-loss, take-profit) with a traditional interface for classic exchanges;
● support for 500+ currency pairs for exchange, including wrapped Bitcoin, Ether, Litecoin, and other altcoins from the Relictum Pro blockchain.
The reliability of the project is evidenced by the amount of funds raised: over $13.9 mln. Relictum Wallet is provided for storing assets. Other cryptocurrency wallets are not required for the user to work with the node.
The fundamental difference between Relictum DEX and its predecessors lies in several innovations:
● after the app downloading, the device becomes a node of the Relictum Pro blockchain in the Relictum.Main.Net network;
● holders of GTN tokens are paid royalties for staking, backed by smart contracts;
● unique architecture of chains and blocks, with a hash in MasterChain;
● independent network of communication channels — HyperNet, operating in the TCP/IP protocol on top of the Internet.
No fees for direct transactions at the initial stage of the platform operation is the most important advantage of Relictum DEX over other DEX startups. They will be introduced in the future, but the developers promise to make it as competitive (low) as possible in comparison with other DEX exchanges. At the same time, the high speed of transactions will be maintained.
According to the intention of the creators, the resulting profits from Relictum DEX and profits from the sale of Relictum Ecosystem products will be distributed among holders of GTN tokens (royalties) in proportion to their share.
Access to such passive income is very easy to get, if desired. Staking is already launched in Relictum Pro. GTN holders can stake their tokens for 1, 3, 6, or 12 months. Royalties are paid twice a month: on the 1st and 15th day. However, the amount of the reward directly depends on the period for which the tokens are sent to the consensus, as well as on the staked amount. The longer the term and the bigger the amount, the more profits! The Relictum Pro project promises to announce the details of the tokenomics being created in the near future, as well as to announce listing on the LBank exchange in Q2-Q3 2022.