Jump to content

Exchanges Are Leading The Way: A case of DACX

Rate this topic


Recommended Posts

8i9wlv5g7j.png

The Age of Exchanges
Crypto exchanges are minting money with their fees. Analysts have reported that some of the largest crypto exchanges are pulling in trade volumes worth of a billion dollars daily. This is easily evidenced by the figures shown on CoinMartketCap.

Moreover, the trend is positive since despite the increased competition for the market, coin trade volume has significantly grown. Increased trade volume simply means that exchanges are making more money. Whether the market rises or drops, exchanges will earn their fees.

The key point is that an exchange is simply a tool and it complements the rise of blockchain technology. It does not leverage the technology itself, and it does not place bets on which sector is ripe for the best earning. Rather, an exchange lets others develop the products and lets investors speculate, and then offers a means for the two. Therefore, exchanges take no risks of a speculative nature.

Lots of Potential

x614qwgeqk.jpg

This is a chart for the price of Binance Coin; it’s obvious that the token value surged. The reality is that even KuCoin Shares faced a similar growth. Both tokens are far above their opening market caps.

8ktl41qamo.jpg

Despite the increased number of exchanges in the market, new exchanges have plenty of room. Just like there isn’t a single bank, there will never be a single exchange. However, at present, exchanges have primarily competed on token menu and price. DACX digital exchange is a market entrant with genuine product differentiation. DACX is going to fulfill user desires of a large crypto menu and the want for low fees. But it is going to top-up its offering with added security measures and the leading customer experience offering.

DACX Tokens are a current opportunity to get in on the exchange success train.

Invest Parallel to the Big Guys

This figure shows the daily revenue derived by exchanges. The top 10 exchanges are pulling in fee revenues of over $15 million. That’s why it is no surprise that Wall Street has had such a high interest in exchanges.

r9mnk1fvpp.png

However, instead of developing their own platform, investment banks have considered buying other exchanges. Goldman Sachs has made the move to directly get involved, as Circle, which is backed by GS, has acquired Poloniex. Exchanges have no cost of goods sold, so operating costs are the only deduction from their revenue. This allows an easy and extremely profitable means to scale up. That’s why even Wall Street’s elite analysts saw value in investing in an exchange.

DACX digital exchange’s token sale is an opportunity to invest in a new exchange, which hits the market in a few months. DACX takes the standard of digital exchanges to a new level by focusing not on just lower prices, but by actually giving real differentiation in terms of a competitive edge. DACX is partnering with insurance firms to give investors peace of mind that their funds on the exchange are backed by a thrid-party. Additionally, as much a three-forths of the investor funds will be secured in cold storage wallets and other form of secured storage.

WEBSITE | WHITEPAPER | TELEGRAM | TWITTER | FACEBOOK | MEDIUM

Peer Gynt

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 👍 Join TopGold.Forum Now

    We Connect  Money Makers With TOP Earning Opportunities!

    Join over 25,000 members and 700 businesses on their journey to strike GOLD. 💰🍾👍

    👩 Want to make money online? 
    💼 Represent a company? 

⤴️-Paid Ad- TGF approve this banner. Add your banner here.🔥

×
×
  • Create New...