Elrond DeFi Spotlight: Peer-To-Peer ESDT Trading Via JEXchange
The Elrond ecosystem stands out due to the diversity of its participants. Each of them brings a unique perspective and set of skills to the table. This, in turn, helps ensure adaptability and innovation.
The constant expansion of the Elrond ecosystem creates demand for new features and products. JEXchange picked up the challenge by introducing a new approach to trading. Their solution is a peer-to-peer smart-contract-based trading avenue for any ESDT.
JEX is best known for the ability to trade on any ESDT pair. They use a listing mechanism where a seller deposits a certain amount of tokens and asks for EGLD or other tokens in return. Buyers can then offer the requested amount to complete the trade.
Here are the JEX features at a glance:
- P2P trading - buy & sell a wide range of ESDT tokens through a smart-contract
- Launchpad - bootstrapping platform for Web3 startups across the Elrond Network
- Earn - share in the success of the exchange by earning a share of fees from every trade via staking
- Governance - engage with the other community members to tackle the project’s path via governance mechanisms
Behind the JEXchange platform, there is a team of passionate Elrond community members. They share a strong commitment to security, utility and building out the Elrond ecosystem.
The platform’s intuitive interface makes it easy for anyone to swap ESDTs, even those not listed on the Maiar DEX. The simplicity of the process means users can complete a trade in just a few clicks. They have complete control over their positions, as well as the option to reserve an offer for a buyer based on their herotag.
Visit JEXchange and discover the opportunities of engaging in token swaps directly with other community members: https://jexchange.io/
JEX is a decentralized exchange that allows safe exchange of Elrond ecosystem tokens between users. The goal is to provide a simple and intuitive platform to create tokens exchange offers by interacting with a smart contract to benefit from the high level of security of Elrond blockchain.
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