Introducing Dexilon: A Unique Decentralized Derivative Exchange and Ecosystem
Dexilon is a revolutionary decentralized derivative exchange and ecosystem that sets itself apart from its competitors. Unlike most DEXs currently on the market, Dexilon allows users to launch derivative contracts for non-crypto assets such as metals, energy, soft commodities, and foreign exchange (FX). What truly distinguishes Dexilon is its transparent trading logic, instant execution, and minimal fees.
Getting started on Dexilon is easy. All you need to do is connect a compatible wallet, such as MetaMask or a hardware wallet through MetaMask. At present, MetaMask is the only supported wallet, but Binance wallet support will be added in the near future.
To connect your MetaMask wallet to Dexilon, follow these quick and secure steps:
1. If you haven’t already, install the MetaMask extension from the Chrome extensions web store.
2. Once installed, connect your wallet through the SignIn or SignUp process.
3. After installation and connection, you can log in to the Dexilon website.
4. Dexilon will prompt you to set Polygon Mumbai as the preferred network for the website. Agree to this step. For a more detailed guide on the token deposit process, click here.
Now you’re ready to start trading on Dexilon!
Currently, Dexilon offers a limited selection of assets for trading. However, this will expand with the full-scale launch later in 2022. The current assets available for swapping are:
– Bitcoin (BTC) / USDC
– Ethereum (ETH) / USDC
– Solana (SOL) / USDC
– Cardano (ADA) / USDC
– ATOM / USDC
– ADA / USDC
– DOGE / USDC
– DOT / USDC
– MATIC / USDC
Dexilon stands out among other cryptocurrency derivatives trading platforms with its unique features. It is the first new dex crypto exchange to offer a fully decentralized limit off-chain order book on a native blockchain with high TPS. Dexilon prioritizes security, trust, and transparency, setting a new standard for crypto exchange platforms.
Key features of Dexilon include:
– Self custody with personal cryptocurrency wallets
– Redistribution of fees among takers, makers, insurance funds, and data providers
– A rebate for every limit order book
– No gas cost for each request (nodes are paid from the taker fee)
– No KYC required for futures, cryptocurrency, or derivatives trading processes
– No regulations or restrictions on user actions
In terms of safety, Dexilon is fully decentralized, meaning your funds are locked within the smart contract instead of being held by an exchange. This eliminates the risk of external threats and ensures a safe and secure trading experience.
When it comes to fees, Dexilon offers a 0.01% rebate for every maker, providing compensation for limit order trading. Takers, on the other hand, have fees starting from 0.05%, which can be as low as 0.015% based on trading volume and the number of DXLN tokens held.
Please note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect those of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.