The Currency Analytics
By TCA PR
Decentralized Exchanges Vs Centralized Exchanges
DIY Centralized Exchange Kits
Conclusion
Blockchain Startups cannot afford to pay High fees to the crypto Exchange as they operate on a tight budget.
Blockchain and cryptocurrency space is seeing a surge in the number of crypto businesses with each business having its own crypto token.
Companies pioneering these new technologies now rely on better and more trustworthy methods of fundraising such as Security Token Offering (STO) or Initial Exchange Offering (IEO).
As it is with IEOs, the bigger the exchange on which a company gets it’s token listed, the better are its chances of selling more tokens.
The problem with this is not only the fee but the fact that exchanges control which projects get a wider reach and which ones don’t.
This problem needs an immediate solution. And it so happens that we have two — Decentralized Exchanges and DIY Exchange Kits.
Let’s see what they are and how they solve the problem.
Decentralized exchanges are not controlled by any person or entity, hence, called ‘decentralized.
Despite these great features of decentralized exchanges, they face a critical issue. Decentralization was the core idea behind the whole of the blockchain and cryptocurrency…
On the other hand, centralized exchanges like binance, OKEx, Huobi, Poloniex, etc have large trading volume, high liquidity, a wide variety of trading features and other tools…
While DEXs is a possible solution for startups looking to get their tokens listed without paying high fees, they lag far behind CEXs in terms of liquidity and necessary trading…
Yet another drawback of decentralized exchanges is that they only support ERC20 tokens. In case of other types of tokens, they must be swapped against either Bitcoin - BTC…