Blockonix Decentralized Ethereum Exchange Claims Lowest Fees Versus Competitors

2018-8-18 00:27

Decentralized Ethereum Exchange Promises Lower Fees Than Rivals

Blockonix has a strategy to dominate the market: really low transaction fees. According to the company, its exchange the most and user-friendly of them all and it offers really low fees for users who use the native token of the exchange. According to information from the company, the fees are one percent if the person does not use native tokens and 0.03 percent if it decides to use them.

The idea is that the company will offer a marketplace that can be more cost-effective than the one from many other popular companies of the market like EtherDelta, Idex and ForkDelta.

This platform is focused on trading Ethereum and Ethereum-based digital tokens and it has a worldwide reach. According to the team, the company is promoting a new wave of payment and futuristic apps that will help the clients. The exchange is fully decentralized and it does not store any of the assets of its clients.

Unlike other decentralized exchanges, Blockconix does not earn money from the platform directly. All the fees collected on the platform are used to buy back BDT tokens and burn them. This includes the 5 ETH fee that you have to pay to list your token on the platform, too. Instead of being motivated by profit or money, this platform is moved by the community, it affirms.

According to the company, the fees are so low because the company has developed the right technology to cut down operational costs greatly. However, the security is still a priority for the company.

A Change of Plans Because Of The Indian Government

Blockonix did not always have this name. Initially, the company was called BitIndia and it was focused on the Indian market of cryptocurrencies. It would be exclusive for Indians, but the company had to change its stance when the government decided to go against cryptos.

The decision was tough, but the company rebranded and it focused on the international market instead of the Indian one. In case you do not know, the Indian government has severely limited banking access to Indian cryptocurrency exchanges and has a general negative stance on the issue.

Most of the people holding BitIndia tokens exchanged them for the new BDT tokens. 170 million tokens have been burned and only 10 million remain now. The new goal of the company is to create a trustless environment in which the users are able to make deals via smart contracts or atomic swaps without having to go to a middleman.

This stance of decentralization is important because the company no longer can provide fiat currency because of the Indian government. The exchange does not hold the money of the clients and this helps to reduce the costs and enhance the privacy levels as the funds are not stored in any centralized place at any time.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Цена в час новости $ 0.0192642 (-71.81%)

exchange fees blockonix really company according low

Источник: bitcoinexchangeguide.com

exchange fees → Результатов: 89


Фото:

‘We Don’t List Shitcoins’: Binance CEO Retaliates Over Listing Fee Criticism

Binance CEO Changpeng Zhao rebuffed criticism of the exchange’s listing fees Saturday, saying commentators should concentrate on the quality of coins it chooses to list. ‘Is My Coin Good Enough?’ In a series of Tweets, Zhao took issue with Expanse founder Christopher Franko, who had previously claimed the exchange quoted him 400 BTC ($2,600,000) for listing his altcoin token.

2018-8-11 19:00


Futurax ICO (FXC Token): Cryptocurrency Trading Exchanger Platform?

What Is Futurax? Futurax is a cryptocurrency exchange platform aimed at building a modern crypto market with different features and benefit to traders. The many features that Futurax will provide to traders include: Fast and reliable customer services Basic trading panel for a newbie Support of many cryptocurrencies Low trading fees for maximum profit Advanced trading […]

2018-7-16 12:00


Best Binance Cryptocurrency Trading Exchange Platform Alternatives to Try

Binance is one of the world's most popular cryptocurrency exchanges because it is easy to use, allows a great deal of liquidity due to the large number of cryptocurrencies that it supports, and offers a significant discount for users who pay their transaction fees with the platform's internal currency. However, as all cryptocurrency users should […]

2018-7-13 07:09


CoinEx Crypto Exchange Upgrades to Trade-Driven Mining For Higher Yields

The CoinEx cryptocurrency exchange has decided to upgrade the terms of the trade-driven mining model. CoinEx Tokens (CET) are issued to users instead of giving back transaction fees. The company, a subsidiary of ViaBTC, told the community in an announcement on Wednesday that their ‘trade-driven mining’ feature received important popularity and reviews among global users […]

2018-7-12 00:37


Tokenizing Trading Fees With Mining Mechanism – Is It Good or Bad for Exchange Platform Users?

ABCC is another exchange trying to reward users with AT and ToM. Today we are going to discover how bitcoin-like mechanism and a principle of fixed number of tokens generated via half-life cycle with Simultaneous Release differentiate the new approach from others While some want to lower the exchange fee, the others reward traders.

2018-7-9 15:04


Проекты из экосистемы NEO предупредили о возможном мошенничестве на бирже Bitpaction

Несколько экосистемных проектов на базе блокчейна NEO предупредили пользователей о возможных махинациях со стороны биржи Bitpaction и призвали вывести средства с платформы. Об этом говорится в блоге NEO.

2018-7-9 13:15


дальше еще 40 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What Chainlink's rising development activity means for LINK

Development activity on Chainlink increased materially in the last few days. Price of LINK continued to fall as network growth declined. Chainlink [LINK] has been one of the most prominent iThe post What Chainlink's rising development activity means for LINK appeared first on AMBCrypto.

Ethereum headed to 'the grave' if SEC rejects ETH ETFs, say analysts

ETH faces immense odds as the ETF deadline approaches  Analysts predict BTC or SOL as potential beneficiaries of ETH woes  Ethereum [ETH] could face a bumpy ride and even a massive bloodbaThe post Ethereum headed to 'the grave' if SEC rejects ETH ETFs, say analysts appeared first on AMBCrypto.

Bitcoin dominance tops 50% amidst market volatility: What's next?

BTC remained the most dominant asset despite recent declines. BTC rose above the $61,000 price range. Bitcoin [BTC] prices have been fluctuating, moving in and out of the red zone, highlightThe post Bitcoin dominance tops 50% amidst market volatility: What's next? appeared first on AMBCrypto.

XRP price prediction: This group should wait for a 10% drop before buying

XRP has a strong support zone just below the current market prices. A drop below $0.5 remains likely based on the findings from the technical indicators. Ripple [XRP] has traded in a range fThe post XRP price prediction: This group should wait for a 10% drop before buying appeared first on AMBCrypto.