New ViteX Decentralized Cryptocurrency Exchange from Vite Labs is Set to Open in April 2019
Finally, it’s only a matter of days before Vite Labs launches their very-own decentralized exchange dubbed ViteX. According to a Tweet from Vite Lab, work on the crypto trading platform is almost over and if all goes well, ViteX will go live from April.
Vite Labs which creates asynchronous, decentralized and top-performing applications is determined to make the soon-to-be-launched platform part of its throng of products. And some of the coins eligible to be listed on it once it starts operating are BTC, VITE, ETH, and USDT.
The best thing with ViteX, however, is the ease and convenience of any trader listing any of the aforementioned coins. VITE tokens will also be eligible to be paired with any of the other three cryptos.
A Closer Look at ViteX
Well, the exchange is built on top of Vite Lab’s proprietary Vite Public Chain whose features include completely decentralized and impenetrable economic models. Further, it’s designed to allow seamless and speedy sending and receiving of assets as well as a quick approval of transactions. Its Major Features are:
It is 100% Decentralized
One major thing with this crypto exchange platform is the fact that it is absolutely decentralized. The entire system isn’t semi-decentralized like the rest. And with this feature are the following benefits:
The Vite Chain has a host of Smart Contracts whose function is to match transactions, confirm and complete them. In the end, the chain gets to store the order book, essentially completing the decentralized process.
For the result to remain public and immune from any alterations whatsoever, bonuses generated from the transaction expenses are evenly distributed across the chain.
Digital Assets are 100% Secure
The fact that it is 100% decentralized is for the benefit of the trader. You, as the customer, get to keep hold of your private key meaning hackers can’t access it. This feature also prevents the platform from misappropriating your resource, the way it’s possible with centralized exchanges.
Awesome Trading Experience
It’s easy to say that the whole experience of using this exchange is impressive. However, what makes it seamless and glitch-free is how it is user-oriented. First, the speedy processes of confirming a transaction, as well as, its ability to support a high throughput mean you’ve got nothing to worry about.
It also features what’s known as ‘zero gas cost,’ supports multiple coins on one go and essentially acts as a cross-chain getaway. All these and other features help deliver a smooth user experience.
Earning Free Tokens is a Breeze
One other amazing feature with ViteX is the ease of getting rewarded with the platform’s VX tokens. Every successful transaction earns free VX tokens. As if that’s not incredible enough, incomes generated on the ecosystem are evenly distributed to all the participants. Rules governing the distribution also can’t be altered.
All are Welcome
As long as anyone complies with the terms and conditions that govern the operations of Vite and ViteX, listing cryptocurrencies is a no-brainer. The order book is completely open through API, which simply means everyone in its community has the freedom to be a partner to Vite and launch a different exchange as well. Other details, especially regarding the nature of VX tokens and rules that govern how they are mined can be found on the Tweet.