Hello Tronics in the house, while Waiting for the final result.
Let’s get lively,
Let get to learn
Let interact with this.
We all see Crypto exchanges have been pathway in the adoption of blockchain technology, but the industry has become too dependent on them.
As of now, the crypto industry is still focused toward exchanges and traders rather than blockchain projects and developers.
For average project on Tron and other blockchain to getting listed on a major centralized exchange (CEX) is expense, plus additional fees each month for a market maker to ensure liquidity.
In 2018, a Business Insider investigation found that crypto exchanges charge between $50,000 and $1 million to list initial coin offerings (ICOs).
Even after those expenses, exchanges are the ones who profit from all the trading fees, which drains value from crypto projects and makes it hard to attract liquidity in a sustainable way.
Besides expensive listing fees, DApp builders lose control over the liquidity and value of their tokens by having to abide by the exchange’s policies and fees.
In addition, listing on centralized exchanges can also lead to counterparty risk (not your keys, not your coins). As @fabsltsa will say
As one of the project in our community is up to solving this problem @JustMoney @fabsltsa ( JustMoney spot trading Dex) big Kudos to them
Regaining control over native tokens:-
decentralized exchanges (DEXs), which have reduced counterparty risk and low fees due to the absence of intermediaries
Liquidity is Paramount:-
Liquidity can come from one of three sources: the project itself, the community, or external liquidity sources such as automated market makers (AMMs), aggregators, and professional liquidity providers.
Native token can leverage a wide range of liquidity resources thanks to its approach of using off-chain pricing and on-chain RFQs (requests for quotes), which lets any project use market makers and professional liquidity providers for on-chain liquidity.
Out of curiosity, I would need your opinion on
- Does Dex have much success rate support to new and building crypto projects?