ByteDex - A Hybrid Decentralized Crypto Asset Exchange

Trading was begun from inception, people exchanges things with other things or fiat currency but now the world became modern and innovative. Everything is digitalized now. Digital finance had grown so much in the last few years. Due to the immense increase in interest in cryptocurrency (digital finance), a lot of projects based on crypto had been introduced yet. A lot of products and services had been introduced yet but to exchange these digital products and services there is a need for digital exchange which should be more secure, reliable, and impossible to hack. A lot of exchanges had already been introduced but they were all unable to fulfill their promises like security breaches often happen which causes great loss of money and assets. Here is a need for an improved and more secured Defi exchange.

Here ByteDex?comes to fill the gap. It performs transactions through a precise process with the utmost caution. ByteDex is the solution to the lengthy transaction system which will be more comfortable for customers. It incorporates all the features of centralized and decentralized exchanges to enhance capability, scalability, and security.

About ByteDex Exchange:

ByteDex is a hybrid decentralized asset Exchange that is running under double tier blockchain structure. This exchange offers everyone a secure service all over the world. Most of the exchange transaction system is very slow but ByteDex offers their customers a quick transaction service without scalability problems. ByteDex is going through "PoS-proof of stake" algorithm method which is well known today. Users connect to exchange with non-custodial wallets and trade in a secure environment.

ByteDex Exchange currently undergoing its token ICO, which will end on July 30th. The following day will see the launch of their hybrid exchange, which aims to take aspects of centralized exchanges and decentralized exchanges and fuse together the best of both in order to solve the problems with each.

Why Choose Bytedex Exchange?

The ByteDex project is a hybrid exchange that aims to take over aspects of centralized exchanges[CEXs] and decentralized exchanges[DEXs] to solve a wide variety of problems that many believe to be problematic with any particular model.

• Users will hold their own private keys for every trade, and every trade will take place on the blockchain. Any slippage or gas charges are either included in the clearly stated charges or are covered by ByteDex, not the user.
• The ByteDex team processes fiat payments and monitors liquidity to ensure no user is locked out of their financial assets and enables people who do not own cryptocurrency to participate in Defi projects without going through an intermediary central exchange walk.
• The platform will serve as a cross-blockchain hub and initially connect Uniswap, Pancakeswap, and Justswap to centralized exchanges.
• ByteDex tokens will be the exchange’s native tokens available on the Ethereum network, Binance’s Smart Chain, and the Tron blockchain. These tokens can be used for shares in company sales, referral benefits, trading fee discounts, and can be traded equally against cryptocurrency or fiat.

ByteDex Exchange Features:

• ByteDex Liquidity Solution: ByteDex offers their customers central exchange liquidity on Dex platform through a double-layer blockchain. It matches their market maker and market buyer very fast. ByteDex gives the advantage to their customers by connecting?major exchanges of the crypto world via APIs and connect the liquid pool of these exchanges to the ByteDex pool. There has an advantage of CCXT API which gives access to instant data and pricing of dozens of exchanges are integrated into ByteDex exchange. All these operations will take place in seconds in the background.
• ByteDex Dapps: Smart contacts come with Ethereum, which is now widely available. As smart contacts are programs, they have led to the creation of decentralized applications (Decentralized App), which could be generated on theByteDex Blockchain. This will give the advantage for games and applications running on the blockchain. That's how users can create games that work on the ByteDex blockchain as a real-life use, produce their own token to be used in this game on the?ByteDex exchange.
• ByteDex Token Launcher: Currently a huge number of tokens are available on many exchanges and different token have the authority to use that token in definite exchanges. ByteDex Exchange offers their customer to generate different tokens which are?really appreciatable. Users could use these tokens on their own projects. ByteDex is working on a list called?BytedexAltTokens where such generated tokens can be listed separately on the main exchange screen. In this listing, each generated token will pair with BYTEDEX and will be opened for trading if they meet the appropriate conditions. The tokens that succeed in this list will gain the right to be published in the ByteDex main list.
• ByteDex Coin: ByteDexCoin is the main transaction and payment unit of the ByteDex ecosystem. All payments within the exchange will be made with BYTEDEX and will be used for commissions, staking rewards, and all other transactions. BYTEDEX will create a trading pair with all the major Crypto assets. Bytedex tokens will be available for trading across multiple blockchains, and for their ICO, the initial token issuance will start as a TRC-10 token on the Tron blockchain.

Ecosystem of ByteDex

OTC Platform:

ByteDex ensures the safe execution of transactions that can be translated as OTC (Over The Counter). In OTC, trading takes place not through the stock exchange, but upon the agreement of two people. ByteDex offers a kind of escrow service as well as recording the entire transaction on the blockchain. In OTC transactions, money is sent first and then a crypto-asset exchange takes place. In this context, ByteDex checks whether the money has been deposited in the desired amount and records it. Crypto Asset owner sends the requested amount of crypto assets to the buyer. This process is recorded on the blockchain. When the transaction occurs, ByteDex transfers the deposited crypto-asset fee to the seller. In this way, the transaction is carried out securely and at the same tie, the validity of the transaction made with the transaction record on the blockchain is proven by both parties.

ByteDex Brokers:

ByteDex Brokers enables people specializing in Crypto asset trading to provide broker services to people who do not have sufficient experience in the crypto asset market. In this way, users can better benefit from the crypto-asset market with the experience and knowledge of good brokers. Users can choose between the brokers recorded on ByteDex by mutual negotiation method or traders who already provide broker services can start to serve their customers directly on ByteDex. ByteDex does not offer or support any special offer for traders providing broker services. It is not responsible for the gains or losses obtained within the scope of this service. Within the scope of ByteDex, the user decides how much of the gained earnings will be transferred to the Broker according to the agreement made with the broker and the trade transactions will be stopped in case of a percentage loss. The broker may trade with the user’s crypto assets within the limits given to him or her, but under no circumstances can he transfer the funds to other accounts. The profit rates obtained by the brokers are automatically sent to the exchange wallets at the rate they agree with the user at the close of each transaction.

Byte Wallet (ByteW):

Byte Wallet is a type of DEX wallet inherited from the Stellar ecosystem’s decentralized wallet concept. ByteW does not contain crypto assets but displays your information and crypto-assets embedded in the ByteDex blockchain and allows you to perform transactions on the blockchain via ByteW in an integrated manner with the ByteDex exchange. It is not possible to hack or steal crypto assets because they do not contain any crypto assets in the wallet. As with the ByteDex exchange, your password, private key, and mnemonic words are very important for ByteW usage. If you lose them, your crypto assets will remain locked on the blockchain forever.

Payments and Fiat Money:

ByteDex Exchange has 3 different payment points, and you will be able to transfer fit money from all credit and debit cards to your wallets. In addition, in order to facilitate these transactions, we also apply for a payment point license as Byte Blockchain Technologies. With this license, Visa and Maestro-enabled cards will be distributed to ByteDex users and you will be able to withdraw your cash assets on the ByteDex Exchange and use them in Turkey. In case of changes to be made within the scope of taxation regulations, all payments will be made to the above-mentioned electronic money and payment institutions as ByteDex exchange, and users will be given the option to make their own bank accounts directly through the payment institution, not through the exchange.

ByteDex Token:

BYTEDEX Token is the official trading unit of the Bytedex Exchange. BYTEDEX Token has been produced in cooperation with Tron Network, in total 1 billion units in TRC-10 format. These Tokens are produced solely for use in the ByteDex promotion process, and their total supply is 1 billion units. Some of the remaining tokens to be sold in the Pre-Sale and General offering will be kept as reserve to prevent speculative activities in the exchange until the swap transaction is made on the exchange with BYTEDEX Coins, and the remaining part will be used in promotion and reward programs. All of the tokens that are not sold in pre-sale and general supply and remaining after the swap transaction will be burned. More detailed information is provided on the bytedex.io website. Bytedex owners can share the revenues of the Bytex Exchange by staked their Tokens on the Bytedex Exchange or benefit from large discounts on trading commission fees. ByteDex can be traded for other Crypto Assets or Fiat currencies. All payments within the exchange will be made with BYTEDEX, and will be used for commissions, staking rewards, and all other transactions.

Tokonomics:

• Token Name:?ByteDex
• Token Ticker:?BYTEDEX
• Network:?TRC-10
• Total Supply:?1 billion
• Special Pre-Sale Price 1 BYTEDEX = 0.01 USDT- Total Supply: 100,000,000
• Pre-Sale Price 1 BYTEDEX = 0.02 USDT - Total Supply: 200,000,000
• ICO Price 1 BYTEDEX= 0.03 - Total Supply: 200,000,000

How to Buy ByteDex Token:

Register at ByteDex.io and reach your ICO user panel. Select one of the payment methods listed. Follow instructions. Fiat payments are available through wire transfer.

For fiat payments, you can use apps like Wise (formerly transfers) to send funds to our USD and Euro Accounts. In the Wise app, you can able fund your bank account with credit and debit cards then you can make a wire transfer to ByteDex Accounts.

RoadMap:

ByteDex Team:

Let us introduce you to the team that will make it all happen.

Conclusion:

As a trader and crypto enthusiast, I recommend joining ByteDex Exchange because it supports more than 150 countries. We can do spot, future, derivative, and copy trading on this platform with all the new and optimized old features which enhance the capabilities and functionalities of this platform. These features are really tremendous in the digital trading era. The team of the project is also well focused to provide their best. Live discussion area will help us to solve our real-time problems. Ultimately it's a profitable platform that is only focused to provide profit.

For more information visit their official platforms:

Website:?https://bytedex.io

Facebook:?https://www.facebook.com/ByteDecentralizedExchange/

Twitter:?https://twitter.com/ByteExchange

Telegram:?https://t.me/ByteDexGlobal

Medium:?https://bytedex.medium.com/

Linkedin:?https://www.dhirubhai.net/company/bytedex/

Youtube:?https://youtube.com/channel/UCw8wl0SXHhLI0xn0JPWFMtw

Reddit:?https://www.reddit.com/user/ByteDex

Author:

Forum username: mdashik46

Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2873140

Telegram Username: @ashik1144

Proof of Authentication: https://bitcointalk.org/index.php?topic=5349907.msg57491586#msg57491586

TRC 20 wallet address: TYiMohMkc651uoetdUkCpihDnQqdUsUCBQ