We are happy to announce the launch of Tokenomica’s Digital Assets Exchange. It combines the best features of both centralized and decentralized exchanges, making it the first decentralized trading platform operating in a regulated environment.
“It's ironic that, while one of the key advantages of cryptocurrencies and the blockchain as the underlying technology behind them is decentralization, most crypto exchanges on the market are completely centralized. Decentralized exchanges solve most of the problems of traditional exchanges. Lack of relevant regulation is the main stumbling block for their emergence ” - said Artem Tolkachev, Tokenomica’s Founder and CEO. “When we first thought about building our own exchange, we wanted to combine the best that both centralized and decentralized exchanges provide. We are very proud to be the first ones to launch a DEX within a regulated environment on the market”.
The Digital Assets Exchange includes decentralized execution and settlement, centralized client acceptance, centralized asset quality assurance, centralized custody of fiat, and hybrid custody of crypto assets.
Tokenomica’s Digital Assets Exchange uses the latest advancements based on the proven technology, Waves DEX, and centered on Smart Accounts and Smart Assets unique features of the Waves blockchain. Waves DEX has proven itself to be one of the safest exchanges on the market. We utilized technology and made several important improvements.
Users’ accounts on Tokenomica are created with the Smart Account feature on the Waves blockchain which is used to allow outgoing transactions only to users that were previously identified and approved. Smart Accounts will allow Tokenomica to make sure that any transaction made on the platform is only possible between whitelisted users after they go through the KYC process.
Smart Assets are used to allow trading between pre-approved pairs of assets.
Thus we achieve legal compliance by introducing these unique technological features of the Waves blockchain.
What’s in it for you
Quality Approved Tokens Only. We thoroughly check all tokens before approving them. Any token that is to be listed on Tokenomica needs to adhere and be qualified as Virtual Financial Assets (VFAs) under applicable laws in Malta, which should be confirmed by a legal opinion from a qualified VFA agent.
Legal Fiat Gateways. Regulated digital assets exchange with legal fiat support. You can trade crypto-to-crypto or crypto-to-fiat, it’s all up to you. Fiat gateway will be available in the near future, we will notify our users when it will be launched.
Transparent Trading. A trading process on Tokenomica’s DEX (TDEX) consists of two main parts:
- An order book that is formed by peer-to-peer requests to buy and sell cryptocurrency, tokens, that have passed the listing procedure on Tokenomica, and fiat.
- Matcher, a blockchain built-inexecution tool that matches orders from the order book.
When a user sends an order through Tokenomica Matcher, the ownership of the user’s assets i.e private keys are not transferred to anyone. The assets remain in the user’s account until the order is matched with a counter-order. After the order is matched and the transaction is confirmed on the Waves blockchain, users’ account balances are changed in accordance with the order execution price, and assets are transferred directly between the accounts of the users involved in the transaction.
Transparent Gateway. Gateway is an essential part of our trading platform, which serves the purpose of transferring assets that were issued outside of the Waves blockchain (e.x. Bitcoin, Ethereum). When we started developing the gateway for Tokenomica, we wanted to provide maximum security for our users and make the transfer process as transparent as possible. You can learn how it works here.
Loyalty Program. The first 1,000 users to register on the TDEX are to receive 10 free Waves tokens from Tokenomica.