We have two means of trading crypto assets, the first one is centralized trading platform and the second one is decentralised exchange. Both of these trading platforms has their own good features and things that make them not to be suitable for trading. There is more central control of operations in centralized exchange than decentralised exchange while users of decentralised exchange have 100 % control of their assets.

But in this article, I will share my view about a trading platform that combines centralized exchange with decentralised exchange thereby creating an innovative hybrid trading ecosystem. The name of the exchange is ByteDex Exchange and it is an hybrid trading platform which combines the metrits of centralized and decentralised exchanges thereby creating a trading environment that is secured, easy to use and where traders will have 100% control over their assets.

ByteDex Exchange is fast, easy and sophisticated with an average trade execution time of 1-3 seconds with a capacity of Nasdaq trading volume per time. Traders will be able to access the platform and trade with non-custodial wallets without having to worrying about any interruption to their trading activities.

Why ByteDex

ByteDex Exchange use an innovative design which makes the platform work with Ethereum, Binance Smart Chain and Tron together at once. The exchange has a decentralized wallet called ByteW. The wallet is milti-signatory like Imtoken which traders can use to connect with the exchange and work on the three blockchain networks at the same time. Also, there is ByteDex Broker. This is another feature in the ecosystem. This feature allows professional traders to monetize their knowledge and expertise by offering brokers service to other traders in the platform. ByteDex offer those holding the platform token the immense opportunity to be compensated for holding their tokens on the platform. Holders will be to enjoy up to 50%APY.

ByteDex Ecosystem in Details

OTC Platforms: ByteDex provides an escrow service and also record all transactions on the blockchain. In OTC transactions, the buyer will first need to send money before the exchange of the assets will take place. In this scenario, ByteDex which offer the escrow service will confirm the payment and records it after which the seller will send the exact worth of the crypto assets for the money paid and this will also be recorded on the blockchain. In this way, transactions are carried out securely at the time and the validity of the transaction can be confirmed by both the buyer and the seller on the blockchain.

Byte Wallet (ByteW): This is a decentralized type of wallet inherited from the Stellar ecosystem decentralised wallet concept. This wallet will not be in custody of your crypto assets but it will be able to show your details and your assets in ByteDex blockchain and also allow you to initiate transactions on the blockchain in an integrated way. With this type of wallet, it will be almost impossible for your crypto assets to be steal or hack.

ByteDex Brokers:  This give opportunity to crypto trading professionals to provide brokerage services to those who are not vast in knowledge of trading. With this, users of the platform, amateur traders will be able to benefit from the well of professional traders. Users will have freedom to choose from brokers registered on the platform with reciprocal negotiating method. Also traders who have already started offering brokerage services can start serving their clients directly on ByteDex. Brokers will not be able to transfers funds to another account and the profits earned by brokers will be automatically sent to the exchange wallet.

Payments & Fiat Money

ByteDex Exchange is equipped with 3 different payments methods, users will be able to transfer fiat currencies with any debit or credit card to their wallet. Visa and Maestro enabled cards will be distributed to ByteDex users and you will be able to withdraw your cash assets on ByteDex Exchange and use them in Turkey.

ByteDex Coin

ByteDex coin is the coin or token that power the operation of ByteDex ecosystem. It is the unit of transactions and payments within the platform. It will paired with popular crypto assets like Eth, BTC, USDT for trading on the platform. The token was created on Tron blockchain protocol, therefore it is an TRC20 compliant token.

Benefits of Holding ByteDex Token

By holding the platform token, you will enjoy some fantastic benefits that will be exclusive for only holders of the token.

Staking the token offers you an opportunity to earn a net value from the exchange annual profits. A total of 50% Annual Profit Yield (APY) will be distributed based on the amount of token staked to all stakers.

WEBSITE: https://bytedex.io/

TWITTER: https://twitter.com/ByteExchange

FACEBOOK: https://www.facebook.com/ByteDecentralizedExchange/

TELEGRAM GROUP: https://t.me/ByteDexGlobal

MEDIUM: https://bytedex.medium.com/

LINKEDIN: https://www.linkedin.com/company/bytedex/

YOUTUBE: https://youtube.com/channel/UCw8wl0SXHhLI0xn0JPWFMtw

REDDIT: https://www.reddit.com/user/ByteDex

WHITEPAPER: https://bytedex.io/wp-content/uploads/2021/06/bytedex_EN-2.pdf

Forum Username: Aapiqa
Forum Account Link: https://bitcointalk.org/index.php?action=profile;u=3365860
TRC20 Wallet Address: TTZLjiphmtHjeawZYtW2bZDJBniMrroZFz