Guide to DEX Aggregator Services
A decentralized exchange (DEX) is a cryptocurrency exchange that operates without the involvement of a central authority or third party. As a result, a user retains full control of their funds stored or traded on DEXs, which offer a higher degree of security than centralized exchanges (CEXs). Decentralized exchanges rest on the Ethereum blockchain and require Ethereum smart contracts to operate. On the other hand, centralized exchanges are run by a third party, which collects trading fees. CEXs do not sit entirely on the blockchain and because CEXs are not on the blockchain, they are faster and it is possible to transact fiat as well as crypto.
DEX aggregators source liquidity from different DEXs and thus offer users better token swap rates than they could get on any single DEX. DEX aggregators have the ability to optimize slippage, swap fees and token prices which, when done right, offer a better rate for users.
A decentralized exchange (DEX) aggregator, is connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, needs to register, pass KYC and look at every exchange — DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs. A DEX aggregator’s main task is to offer a user better swap rates than any specific DEX can offer and to do that in the shortest possible time. Other major tasks are protecting users from price impact and reducing the probability of failed transactions.
DEX aggregators source liquidity from different DEXs and thus offer users better token swap rates than they could get on any single DEX. DEX aggregators have the ability to optimize slippage, swap fees and token prices which, when done right, offer a better rate for users.
A decentralized exchange (DEX) aggregator, is connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, needs to register, pass KYC and look at every exchange — DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs. A DEX aggregator’s main task is to offer a user better swap rates than any specific DEX can offer and to do that in the shortest possible time. Other major tasks are protecting users from price impact and reducing the probability of failed transactions.
SwapSpaceSwapSpace is a decentralised cryptocurrency exchange aggregator (DEX aggregator) that allows user to exchange more than 500 crypto coins and tokens but the main strategic advantage of SwapSpace is that the the user don't just convert cryptocurrency with the offered rate but instead, the user can compare the rates provided by the 14 partnered crypto exchanges and choose the best option taking into consideration their TrustScore ratings. Furthermore, in SwapSpace, the swaps are taking place in a non-custodial way which means that the user doesn't have to register for an account in the platform for the DEX service and SwapSpace doesn't collect sensitive data such as Wallet private keys eliminating all the subsequent risks of a custodial account, even if other custodial crypto exchange platforms or aggregators state that they are safe. They are safe until they aren't safe. More information about the difference between a custodial and non-custodial service can be found on Binance Academy. Finally, there are no limitations in the transactional amounts that can vary from few "DUST FUNDS" micro amounts to large "WHALE" amounts. And all these benefits are combined with a 24/7 global customer support in case the user experience any problems. In a summary, the benefits and strategic advantages of SwapSpace are the following:
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1INCH1INCH was launched in August 2020 after a $2.8 million funding raise from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures and Divergence Ventures.
In December 2020, 1INCH launched its 1INCH governance token, and the 1inch Network began to be governed by a decentralized autonomous organization (DAO). 1INCH was founded by Sergej Kunz and Anton Bukov over the course of the ETHNewYork hackathon in 2019. The two had earlier met during a live stream of Kunz’s YouTube channel (CryptoManiacs), and began entering hackathons together, winning a prize at a hackathon in Singapore as well as two major awards from Ethereum Global. Prior to 1INCH, Kunz worked as a senior developer at product price aggregator Commerce Connector, coded at communication agency Herzog, led projects at Mimacom consultancy, and then worked full time at Porsche in both DevOps and cybersecurity. Bukov, currently the CTO of 1inch, had worked in software development since 2002, and worked in decentralized finance (DeFi) since 2017 on products including gDAI.io and NEAR Protocol. BiSwapBiswap is the first DEX on Binance Smart Chain with a three-type referral system and with the lowest fees in the industry. Biswap is committed to continuous development and aims to provide the best service for users’ comfort. One of the advantages of Biswap is the native token BSW which is a BEP20 Token that it is launched on the Binance Smart Chain Network and it is platform's main asset. The main features of the platform are:
✔Lowest exchange fee — 0.1% per swap ✔Profitable liquidity pools ✔Three-type referral system ✔SAFU insurance fund ✔BSW Farming The platform has a bunch of opportunities and a variety of choices for Exchange. Also, there are Farms, Launchpools, Liquidity Pools & more to maximize your profit. User can add liquidity to the pool and earn income from token swap transactions. When a user adds liquidity to the pool, he/she receives LP tokens. Users can further stake their LP tokens to get rewards, which is done by depositing LP tokens and locking them up. This is known as Farming and it is rewarded by the system with BSW tokens. The tokens can be un-staked with zero holding time. A user can also stake BSW tokens in the Launchpools to earn additional BSW tokens. |