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Home CryptoCurrencies Decentralized Exchange

Newdex.io Cryptocurrency Review : The World’s Leading Decentralized Exchange

Verna by Verna
March 23, 2020 - Updated on April 20, 2020
in Decentralized Exchange
Reading Time: 4 mins read
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About Newdex.io

Newdex.io is the world’s largest EOS based Decentralized Exchange, which is developed and operated by Newdex Inc. With free flow of digital assets as mission, Newdex continues to explore the “multi-chain and cross-chain” decentralized trading model. Upholding the characteristics of safe, fast and transparent, Newdex is devoted to creating a new-generation digital assets trading platform, opening a new era of decentralized trading. 

Founded on August 8, 2018, Newdex was launched on EOS firstly and has supported EOS side chains such as BOS, TELOS, FIBOS, MEETONE, ENU, WAX and LYNX. Newdex has become the largest EOS based Decentralized Exchange. In August 2019, in addition to running on EOS, Newdex has also launched TRON based Decentralized Exchange united with TRON official, ranking top 5 among TRON based Decentralized Exchanges. Since then, Newdex has deployed “multi-chain and cross-chain” decentralized trading platform successfully.

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Operating company 

Exchange name Newdex.io
Support 24/7
Language English
Taker Fee 0.2%
Maker Fee 0.2%
Withdraw fee N/A
Official site https://newdex.io/

How To  Start With Newdex.io

To start trading with Newdex.io Indian residents first have to sign up for an account by following the steps below.

Step 1. Click on the “Login/Signup” link on the top right hand corner of the Newdex.io website.

Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.

Step 3. If you have a referral code, enter the code while creating your account.

Step 4. Submit the form and wait for an activation email to be sent to you.

Step 5. Click on the “confirm email” link in the activation email.

Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Newdex.io account.

Rate standard

EOS pool charges 10% of BP’s revenue as management fee.
TRON pool charges 10% of BP’s revenue as management fee.
BOS pool charges 10% of BP’s revenue as management fee.

Rate standard

The Newdex-EOS service charges are as follows:

  • Recharge: no need to recharge
  • Withdrawal: no withdrawal
  • Maker Trading: 0.2% Transaction Fee
  • Taker Trading: 0.2% Transaction Fee
  •  Professional users (project parties or institutions with monthly transactions of no less than 100,000 EOS) can apply for fee discount via Support: Click here to apply.

The Newdex-TRON service charges are as follows:

  • Recharge: no need to recharge
  • Withdrawal: no withdrawal
  • Maker Trading: 0.2% Transaction Fee
  • Taker Trading: 0.2% Transaction Fee

Operating Mechanism

1/ Newdex (EOS version) has deployed the smart contract with the operating mechanism “matching and settlement on chain”.

2/ Newdex (TRON version) has adopted the operating mechanism “matching off chain and settlement on chain”.

Project Characteristics

Data on chain, Open and Transparent

Use blockchain technology to realize that order information can be checked on chain. Relevant transaction data is transparent, tamper-proof and real-time checkable to avoid the internal manipulation of Exchange;

Trustworthy, Highly Secured

Newdex has no access to user’s private key and the users retain full control over their funds, which avoid the risk of asset-stolen, misappropriation of assets, and capital flight, effectively protecting the security of user’s assets;

Convenient Trading, Receiving in Real Time

Trading account is decentralized with no registration, no deposit, no withdrawal and receiving assets in real time upon completion of transactions, providing users with convenient operating experience;

Advantages

  1. Matching and Settlement on ChainDeploy smart contractAll transaction data on chainOpen and transparent, tamper-proof and real-time checkable.

2. Trustworthy, Highly SecuredSelf-management of digital assetsNewdex has no access to the private keyAvoid the risks of asset misappropriation and capital flight.

3.Convenient Trading, Various ActivitiesNo deposit and no withdrawalReceive assets in real time upon completion of transactionsVarious activities to enrich lives of users

Focus on Liquidity, Various Activities

Support free flow of various tokens and list tokens in time, so that token assets in user account can be quickly realized; organize various activities to enrich lives of users.

Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

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Verna

Verna

One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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