LEVERJ Ethereum-based Decentralized Exchange Releases Plasma-Based Sidechain Trading Platform
A cryptocurrency exchange platform Leverj, identified uniquely by its very decentralized design, ERC-20 and Ethereum token trades, and just recently declared as the pioneer exchange platform based on a plasma side-chain.
The Side-Chain Leverage
Based on Leverj’s recent publication, their platform was chosen to be based on the Gluon plasma side-chain specifically because of its featured low latency trading, faster speed, and its non custodial structure.
The advantage of the use of an Ethereum side-chain is its ability to increase its scalability to levels that other very decentralized exchanges would find impossible to attain.
Although Leverj is currently in its testing stages, Blockchain Labs has given an approval for all Leverj’s Gluon projects. This approval is based on Leverj passing all audits on standard security measures by Blockchain Labs for its project.
The CEO of Leverj Bharath Rao said
“Although we are on mainnet, the product should still be considered beta,” and added that “The UI needs a bit of TLC and the team will focus on usability over the next several weeks. Exposing the platform to users early helps drive priorities and gives users a voice in platform development.”
Leverj’s anticipates the building of a larger Gluon plasma community of developers. This would involve attracting more developers to improve the Gluon plasma infrastructure, application development, and projects focused on building more blocks and designing building tools.
So as to be the pioneer non-custodial, high speed platform, Leverj intends to launch its leveraged trading. The LEV i.e. Leverj’s token, is currently at a market cap of $1.65 million, and has increased within the last 24 hrs by 1.7%.