Stellar to Launch their Trading Platform StellarX
The Stellar network is looking forward to launching their new trading platform StellarX (SDEX). The network hinted about this platform a while back during its January roadmap foundation. This trading app or platform will be the first of its kind for this network containing Stellar’s universal marketplace as well as their back-end technology.
You trade on-chain. We refund all network fees. Swap crypto, fiat, commodities, whatever. Get an invite here: https://t.co/CVSogvKJGE
— StellarX (@stellarxhq) July 5, 2018
According to a tweet on July 5, 2018, Stellar announced that it was soon going to release a user-friendly and a totally free platform for trading crypto, fiat and commodities. It will be built on the Stellar universal market place.
Today we are proud to announce the upcoming launch of StellarX, the first trading platform of it's kind. Because it's built on top of the open Stellar network it supports thousands of assets, trades are purely p2p and it's 100% free. Waitlist link below!https://t.co/TN1aNzYON2
— Paul Arnautoff (@PaulArnautoff) July 5, 2018
Developers promise users that they will refund all the network fees using a new feature called lumenaut.net and that transactions will be superfast. This refund feature is meant to protect users against inflation. With this platform, you will be able to swap fiat, crypto and other commodities as Stellar promises to list most of the tokens here as long as the issuers complete their toml.
In addition to be able to trade directly from their wallets, users will enjoy fee-free trading and will also be in a position to list and trade any type of assets. They also set to benefit from the system’s superfast processing speeds. This means that there will be no lagging transactions. The Lumenaut’s inflation pool will provide users with a platform from which they will collect 1% of the transaction fees.
Users can sit pretty and with confidence knowing that the developers behind this app are able and experienced individuals. They have been involved in other big projects like Kickstarter, OkCupid and headspace among others. They were also part of the Stellar Development Foundation, that worked to ensure the StellarX platform delivered the best Stellar experience to the users.
The developers have gone a notch higher to advertise and popularize Stellar in different mediums especially praising the wonderful settlement backend feature. Their efforts to market this platform will come as relief to most proponents of this network as they claim this network has been under appreciated despite its wonderful features for a very long time. However, this development is looking forward to provide one of the best decentralized crypto exchange on the Stellar network irrespective of the market reaction.
The developers promise to have the platform up and running in a few weeks’ time. There will be early beta signups available for the most active digital currencies with more to come later on as the platform continues to grow.