If you are a frequent dealer in foreign exchange or love to trade with them online, then get ready for a big surprise. The launch of the first decentralized crypto exchange platform is already on the way and will really give you goosebumps. Now, you may be thinking about what so special about this new product?
Well, being a trader, everybody wishes to do some diversification in the portfolio. However, transacting with multiple cryptocurrencies is not possible in the present single blockchain concept. Hence, the Cosmos Blockchain is thinking for the betterment of this situation. The brand new discovery of Co-Dex is the result of that initiative. In this article, all the insights of the new platform are available to make you understand its features.
Beginning of a New Era
The modern era is the age of technology. Therefore, every now and then, the developers are trying to bring something new to the users to make their daily work more convenient. Today, the internet has captured the entire world encompassing almost every aspect of our lives. Therefore, the online transaction feature has opened up new avenues for enthusiastic investors. However, the current platforms for online foreign trade do not allow investors to deal with different types of cryptocurrencies. They are more or less restricted to one or more specific cryptocurrencies. To enable the users to trade in multiple cryptos, Cosmos Blockchain has taken a new approach.
Co-Dex is a "No Fess" based DeFi platform where you can carry out trading in a hassle-free manner. The innovative technology is developed keeping at par with all the modern requirements of a trader. The basis of the exchange structure is IBC innovation. The Cosmos Network will this allow connectivity between the cryptocurrencies belonging to various blockchains. The amazing architecture will also let you enjoy all the benefits of Smart Contracts features. Now, you can crack the dealing with direct communication. Thus, we can definitely say that Co-Dex is going to bring a bright future for the forex traders.
Fully Secured Exchange
One of the biggest fears of online trading is the security and safety protocols of the website concerned. However, we will provide a secure crypto landscape so that your precious money always remains in safe custody. Moreover, Co-Dex does not involve third-party transactions. Therefore, the chances of frauds are almost negligible and easily detectable. You are free to trade in various types of tokens in an effortless manner and change your luck. Choosing a better trading platform can really change the whole scenario of your life. The Cosmos Network also offers great interoperability and complete transparency. Generally, the Governments have majority control over the centralized exchanges. Thus, there always remain some kinds of limitations while transacting in foreign exchange. But, Co-Dex will change this age-old custom and will bring a revolution for the traders. The traders using the decentralized crypto exchange will no longer be accountable to the Government for every action. Often, it has been seen that the authorities have tracked down the traders and demanded a massive amount of taxes. Even, in some cases, they banned the use of certain cryptocurrencies. In other words, the freedom of the users is a rare case on such platforms. To bring back the smile of relaxation on your face, Cosmos has come up with this brilliant idea. The community-friendly exchange is specially devised, keeping in mind the everyday needs of the forex dealers.
Get Assured Now
You can always check the features of Co-Dex in more details from the official website of Co-Dex. There are two options to facilitate easy trade:
Thus, you have the opportunity now to trade at the best available market price within an instant, or you can also limit a specific price-range at which you can sell or buy the securities. There will be a proper allocation of all the tokens as you go through the two phases of the Bounty Program and Airdrops. Prompt communication from the community is appreciated so that timely implementation can take place. As this is a new platform, the company will always want feedback from the users. Therefore, be frank and intimate in case you are facing any kind of issues while using the exchange.