ERC dEX is a decentralized exchange where you can exchange your crypto assets in real time. Find out how it works today in our review.
What Is ERC dEX?
ERC dEX is a decentralized exchange currently in private alpha. Using the exchange, you can trade crypto assets in a secure, P2P trading environment.
The platform is seeking to launch publicly in November. You can sign up for the mailing list online at ERCdEX.com to receive the latest updates from the project.
Like other decentralized exchanges, ERC dEX is built on top of the 0x protocol.
Ultimately, many crypto enthusiasts believe decentralized exchanges are the best way forward. One of the key goals of cryptocurrency was to take control out of the hands of centralized parties – like banks and governments. However, most cryptocurrency transactions today are performed through centralized exchanges. By moving to a decentralized exchange model, users can enjoy the security of an exchange while retaining control of their funds at all times.
How Does ERC dEX Work?
ERC dEX features an ERC20 token exchange built using the 0x protocol. It provides financial instruments for managing your crypto asset portfolio, including a liquidity pool API called Aqueduct. Partner integrations are coming soon.
Overall, ERC dEX believes that decentralized exchanges will be the new norm – and they aim to be one of the leading decentralized exchanges.
The 0x protocol is specifically designed to facilitate decentralized ERC20 token trading – similar to other exchanges available today. ERC dEX positions itself as a 0x Relayer by hosting an order book filled with users’ orders in a decentralized environment.
Right now, ERC dEX is in the early stages of development (as mentioned above, it’s in private alpha testing). The developers are actively working on a proper trading interface. They’re also seeking to prioritize the removal of stale orders – which is a crucial service provided by today’s centralized exchanges.
Who’s Behind ERC dEX?
ERC dEX is made by a company headquartered in Austin, Texas, although the team is distributed worldwide. There’s limited information about the development team available online or at their LinkedIn page. However, the platform is still in the early days of development.
ERC dEX Conclusion
ERC dEX is a decentralized exchange built using the 0x protocol, which facilitates peer-to-peer trading of ERC20 assets. Like other decentralized exchanges, ERC dEX aims to give traders the security of a centralized exchange while allowing them to maintain control of their private keys throughout the trading process.
ERC dEX is currently in private alpha, with a public release scheduled before the end of November. To learn more about ERC dEX and how it works, visit online today at ERCdEX.com.