DEXKIT has identified a key problem with the decentralized exchange model. There is not enough information and functionality for traders to make profitable swaps. Platforms can be confusing and difficult to use. Users are unable to place orders as they would on centralized exchanges. This amounts to a clunky and unpredictable trading experience where mistakes can be costly.
In our recent community update hosted on 1/8/2021, we highlighted the development of the DEXKIT exchange. You can now check out the working demo here! We encourage everyone to check it out and give us your feedback in the DEXKIT telegram!
PLEASE DO NOT CONNECT YOUR WALLET OR ATTEMPT TO SWAP TOKENS ON THE EXCHANGE! IT IS STILL BEING BETA TESTED AND MAY NOT WORK AS INTENDED.
We are EXTREMELY excited about the launch of our full-suite, professional, decentralized exchange. It is essentially an advanced DEX with additional functionality that is normally exclusive to centralized exchanges. The thing that makes the platform so special is that the exchange uses DEXKIT’s powerful aggregator technology to pool liquidity from multiple DEFI protocols to give traders a comprehensive view of a token’s history and performance.
DEXKIT gives traders a view of how a token is trading on multiple DEFI sources. The exchange will provide cross-protocol analytics including trade history, depth chart, and order book. Users will be able to bookmark their favorite coins and protocols. All of these features will make navigating the complex world of decentralized swap platforms easier and more straightforward.
Market orders will be filled with the DEXSwap aggregator which always ensures the best price for trades. There are also a number of other order types available on the platform.
Users will also be able to place stop-limit orders, trade with leverage, and even deploy bots that will take advantage of arbitrage. For anyone who is not familiar with arbitrage, it is the process of buying and selling in a short timeframe in order to take advantage of price discrepancies for tokens between multiple protocols. This is something that many people don’t realize is happening right under their noses, but now DEXKIT will give them the tools they need to profit from it!
When using the exchange you will be able to place limit orders WITHOUT PAYING A GAS FEE. All you will have to do is pay a small allowance to the protocol, (similar to approving a pair on Uniswap), and then when your price target is reached, a wallet to wallet swap is performed. This process is highly cost-efficient and will give traders on DEX protocols added piece of mind.
The exchange also features a convenient fiat onramp where traders can easily purchase ETH directly from their credit or debit card. Simply input your payment information to purchase your coins and load your wallet. Once the transaction is completed, you will then be able to trade an ever-growing number of cryptocurrencies!
There are even more features that are planned for the future, and many advanced features will only be available to KIT holders, so you will want to make sure that you have KIT tokens in your wallet before the app is released! The best place to swap is on the DEXSwap aggregator where you pay ZERO fees when swapping KIT tokens!
DEXKIT is working to make managing and trading cryptocurrencies easier than ever! Make sure to follow the team on Twitter and subscribe to our YouTube channel where we host bi-weekly updates for our growing community. We have a lot of exciting things coming up so make sure to check back often so you don’t miss a thing!