ByteDex - Hybrid Decentralized Cryptocurrency Exchange
ABOUT BYTEDEX EXCHANGE
ByteDex is a hybrid decentralized crytocurrency exchange whose exchanging activity is on a Dual-Chain Blockchain. Organizations and people data and assets on ByteDex are secured keen agreement and distributed in the ByteDex blockchain network, making the data and assets just accessible by it private key holder. ByteDex has an amazing UI and give clients the possibility of acquiring half of all out produced exchange income when they stake the exchange utility token.
Why BYTEDEX?
ByteDex Exchange use an innovative design which makes the platform work with Ethereum, Binance Smart Chain and Tron together at once. The exchange has a decentralized wallet called ByteW. The wallet is milti-signatory like Imtoken which traders can use to connect with the exchange and work on the three blockchain networks at the same time. Also, there is ByteDex Broker. This is another feature in the ecosystem. This feature allows professional traders to monetize their knowledge and expertise by offering brokers service to other traders in the platform. ByteDex offer those holding the platform token the immense opportunity to be compensated for holding their tokens on the platform. Holders will be to enjoy up to 50%APY.
ByteDex Ecosystem in Details
OTC Platforms: ByteDex provides an escrow service and also record all transactions on the blockchain. In OTC transactions, the buyer will first need to send money before the exchange of the assets will take place. In this scenario, ByteDex which offer the escrow service will confirm the payment and records it after which the seller will send the exact worth of the crypto assets for the money paid and this will also be recorded on the blockchain. In this way, transactions are carried out securely at the time and the validity of the transaction can be confirmed by both the buyer and the seller on the blockchain.
Byte Wallet (ByteW): This is a decentralized type of wallet inherited from the Stellar ecosystem decentralised wallet concept. This wallet will not be in custody of your crypto assets but it will be able to show your details and your assets in ByteDex blockchain and also allow you to initiate transactions on the blockchain in an integrated way. With this type of wallet, it will be almost impossible for your crypto assets to be steal or hack.
ByteDex Brokers: This give opportunity to crypto trading professionals to provide brokerage services to those who are not vast in knowledge of trading. With this, users of the platform, amateur traders will be able to benefit from the well of professional traders. Users will have freedom to choose from brokers registered on the platform with reciprocal negotiating method. Also traders who have already started offering brokerage services can start serving their clients directly on ByteDex. Brokers will not be able to transfers funds to another account and the profits earned by brokers will be automatically sent to the exchange wallet.
Payments & Fiat Money
ByteDex Exchange is equipped with 3 different payments methods, users will be able to transfer fiat currencies with any debit or credit card to their wallet. Visa and Maestro enabled cards will be distributed to ByteDex users and you will be able to withdraw your cash assets on ByteDex Exchange and use them in Turkey.
ByteDex Coin
ByteDex coin is the coin or token that power the operation of ByteDex ecosystem. It is the unit of transactions and payments within the platform. It will paired with popular crypto assets like Eth, BTC, USDT for trading on the platform. The token was created on Tron blockchain protocol, therefore it is an TRC20 compliant token.
Benefits of Holding ByteDex Token
By holding the platform token, you will enjoy some fantastic benefits that will be exclusive for only holders of the token.
Staking the token offers you an opportunity to earn a net value from the exchange annual profits. A total of 50% Annual Profit Yield (APY) will be distributed based on the amount of token staked to all stakers.
FEATURES OF BYTEDEX EXCHANGE
ByteDex hybrid cryptocurrency exchange ecosystem has a serious decent number of fetures that makes it a champion among such countless exchanges in the blockchain and cryptocurrency ecosystem, these components incorporates;
- LIQUIDITY: ByteDex exchange liquidity pools are associated with tremendous pools from different exchanges utilizing API, this take into consideration market producers and takers orders to be executed in a moment or two.
- TOKEN LAUNCHER: This is a component that will permit businesses to makes tokens to back their business scope in the ByteDex blockchain, such tokens can be recorded and traded on ByteDex exchange in the wake of meeting certain rules.
- DECENTRALIZED APPLICATIONS(DAPPS): ByteDex is working in a blockchain network, this make the exchange compatible with numerous Dapps in the ByteDex blockchain ecosystem. Dapp engineers will have the ability to mint tokens that will uphold the idea and activity of their Dapps.
- OTC TRANSACTIONS: ByteDex upholds OTC exchanging, permitting the exchange of extremely enormous assets between peers. ByteDex fill in as an escrow, permitting clients to safely exchange value among themselves autonomously and off the market.
- BYTE WALLET: This is a decentralized wallet whose idea is acquired from Steller ecosystem’s decentralized wallet. This wallet doesn’t hold clients assets but shows a record of all clients assets and permitting them to do exchange activities with most extreme security.
- BROKERAGE: ByteDex has a chance for brokerage service organizations to offers cryptocurrency custodial services for especially comapanies and newbies that needs it.
- FIAT MONEY AND PAYMENTS: ByteDex will uphold the utilization of credit and debit cards like Visa and Mastercard to buy and deposite cryptocurrency into clients wallet. ByteDex will likewise present it own debit and Mastercards later on, this will permit clients to spend cryptocurrency straightforwardly for their everyday monetary necessities.
BYTEDEX COIN
BYTEDEX is the local utility coin of the ByteDex blockchain ecosystem, the coin is stamped with an aggregate of 1000,000,000 BYTEDEX to fill in as the fuel of it ecosystem. BYTEDEX will be matched with all major crypto assets and all payment inside ByteDex exchange will be done in BYTEDEX, payment like marking prizes and exchanging commision.
MEET THE TEAM
For More Information:
Website: https://bytedex.io
Twitter: https://twitter.com/ByteExchange
Telegram: https://t.me/ByteDexGlobal
Medium: https://bytedex.medium.com
Linkedin: https://www.linkedin.com/company/bytedex
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