Digital currency, as the first landing scenario of the blockchain, has derived many tool-based products. Among them, centralized exchanges have always been at the top of the food chain. Take the top exchanges as an example, the value of profits created by them is far from us. Unimaginable; short, flat and fast, it has become the most important feature of the exchange.
This has also led to the fact that opening an exchange once became “politically correct” in a certain sense in the industry, but where there are people, there are rivers and lakes. With the emergence of many centralized exchanges, CEX (centralized trading platform) Word of mouth is getting worse and worse, and more and more voices criticized by users. The visible “money running”, “pinning and unplugging”, “hacking”, etc., have tortured retail investors. This phenomenon has prompted the emergence of DEX: DEX is a decentralized trading platform that does not touch user assets, and transactions are completed through smart contracts.
According to the data of The Block, the transaction volume of decentralized exchanges in December 2020 hit the second-highest in history. The total transaction volume in December was 23.3 billion US dollars, an increase of 36.5% compared to November; the previous September, the transaction volume It set a record high, reaching 26.3 billion U.S. dollars. Although decentralized exchanges have been recognized by many investors in the digital asset market, for most investors, investors’ feelings about DEX are still hindsight, and the value of DEX is still underestimated.
The popularity of the DeFi project continues unabated, and at the same time Swap has become popular. Although Swap is called a decentralized transaction, the source of DeFi is only an exchange agreement based on Ethereum, and it cannot be built based on the Ethereum protocol. For relay bridges and cross-chains, Swap is only exchanged by pledged digital currency to a designated fund pool. The transactions conducted by Swap are not true matchmaking transactions.
Matchmaking transaction: It means that the seller entrusts sales orders/sales orders in the trading market, and the buyers entrusts purchase orders/purchase orders in the trading market. The trading market determines the transaction price of both parties according to the principle of price priority and time priority, and generates an electronic transaction contract, and The transaction method of physical delivery according to the delivery warehouse designated by the transaction order.
Although many projects claim to be doing cross-chain technology, they are logically deducible. Currently, only the cross-chain technology based on the underlying Substrate can succeed.
In 2021, SpaceDEX is about to come to the world! The SpaceDEX R&D team is composed of former Polkadot technical developers, global geek tribes, and decentralized organizations. Based on Polkadot’s underlying technology Substrate, the SPACE team developed the Teguila public chain and self-developed the “DEX protocol”. Teguila and Polkadot are both public chains developed based on Substrate. Teguila combines all the advantages of Polkadot, and has made improvements and performance optimizations. SpaceDEX uses the Teguila public chain’s DEX protocol and heterogeneous cross-chain technology to connect the separated blockchain islands through a relay bridge, so that each chain asset can be matched and traded on SpaceDEX, which is the world’s first A true decentralized trading platform.
The SpaceDEX algorithm introduces the DAO governance model, the DEX protocol that supports high-concurrency and complex calculations, cross-chain assets, pure chain matching, no central data, algorithms determine the issuance and circulation of platform coins, consensus determines the value and circulation of governance coins, and AMM does it automatically Innovative technologies such as the city’s economic model; SpaceDEX creates a truly decentralized trading platform that is completely governed by DAO.
“Three-core four-wheel drive” & five major features
SpaceDEX is committed to building a truly decentralized, most efficient, and safest digital asset trading platform, providing a transparent, safe and highly flexible decentralized trading platform for global cryptocurrency customers. SpaceDEX pioneered the “three-core” economic model + “four-wheel drive” intelligent mechanism. Three-core economic model: SPT platform token & SPB platform bond & SPS governance token, integrating four major drivers: community autonomy drive + automatic price control + automatic bond issuance, exchange drive + consensus reward drive, laying the foundation for the virtuous development of SpaceDEX .
At the same time, the SpaceDEX platform has five major characteristics: 1. Anonymity: no identity authentication is required, and the key is used as an identification mark. 2. Asset control rights: no custody is required, 100% of assets are stored on the chain, which is completely controlled by individuals. 3. Asset risk management: Block chain technology realizes asset management, which is safe, reliable, and trustless, without the influence of human factors. 4. Transaction transparency: all transaction records can be queried and traced, eliminating black-box operations. 5. No background management: pure smart contract DAPP, no background management, 100% DAO governance.
Build four ecosystems
SpaceDEX will build a complete ecosystem in the future, including DEX decentralized transaction ecology, DeFi ecology, cross-chain asset ecology, and future ecology.
In the initial stage, SpaceDEX focused on building an ecosystem around decentralized transactions, realizing one-click currency issuance, DRC20 token issuance, DRC721 token issuance, stable currency, OTC transactions, and contract transactions. Attract traffic and attention, create high frequency and high transaction volume, and attract more high-quality projects to SpaceDEX for online trading.
In the mid-term, SpaceDEX will gradually improve the DeFi ecosystem: decentralized lending, decentralized exchanges, aggregators, algorithmic stablecoins, oracles, decentralized insurance, decentralized financial management, asset migration and creation, and derivatives; Chain asset ecology: ETH relay bridge, BTC relay bridge, other chain relay bridges, and parachains.
In the later period, SpaceDEX will build a future ecosystem: the future Internet is decentralized and peer-to-peer, and more and more business models will be born in SpaceDEX in new forms; it will further improve its technology, services and ecosystem. , Shoulder the burden of global digital asset transactions, integrate digital assets into and become a part of life, provide a safe, reliable, efficient and stable platform for the world, and become the benchmark of the decentralized transaction industry.
The SPACE Foundation team stated that in 2021 SpaceDEX will fully promote the popularization of DeFi decentralized applications and explore more cutting-edge economic models. SpaceDEX will definitely shine in the hot DeFi track. This world needs SpaceDEX!
