STRONGHANDS DEX IS LAUNCHED
Decentralized exchanges (DEXs) are becoming increasingly popular in the world of cryptocurrencies. These platforms allow users to trade cryptocurrencies directly with each other, without the need for centralized intermediaries. In this article, we will discuss what DEXs are, how they work, their advantages and disadvantages, and some of the leading DEXs currently in operation.
What is a decentralized exchange?
A decentralized exchange is a cryptocurrency trading platform that operates without a centralized intermediary. Instead, transactions occur directly between users who connect to each other via a peer-to-peer (P2P) network. In other words, DEXs allow users to trade cryptocurrencies without relying on a centralized company or organization to mediate transactions.
How do DEXs work?
DEXs use a technology called blockchain to facilitate transactions. Transactions are recorded on the blockchain and verified by nodes on the network. Instead of sending their funds to a wallet on the exchange, users maintain full control over their own funds, which remain in their own personal wallets. When a trade is executed, users’ wallets are updated directly on the blockchain.
About StrongHands DEX
We finally launched our Dex on May 15th, and we are very excited about this development as it represents the delivery of the third pillar of our project.
Our trading structure allows us to reverse 100% of our fees in the following manner:
0.3% of fees reversed to:
— 0.25% to liquidity providers
— 0.05% to stake pool, offering unlimited annual interest depending on the movement of the DEX.
Assuming we reach our initial goal of $1 million daily trading volume in a specific pool which can be ISHND/USDT or perhaps WBNB/USDT, the daily distribution will be as follows:
$1,000,000 x 0.3% = $3,000.00 for the DEX Pool
- $2,500.00 distributed proportionally to liquidity providers
- $500.00 converted into sSHND for the Staking Pool.
Currently, we will not charge withdrawal fees or taxes for dismantling pools. Our objective is to promote financial freedom, meaning that users will have full control over their funds.
Our Concentraded Liquidity System
Concentrated liquidity in our DEX enables users to provide significant liquidity for specific token pairs, enhancing trading efficiency and reducing slippage.
By implementing this logic in our DEX, we aim to increase market depth and improve price stability, offering a more robust trading experience for our users. With this introduction, we allow liquidity providers to strategically allocate their assets, maximizing their potential returns and participating in the growth of the decentralized ecosystem.
We are constantly evolving and highly receptive to the inclusion of various tokens into our pools, aiming to distribute dividends and wealth to all those who wish to invest in our DEX.
Our system is secure and allows projects to create their LPs (liquidity pools), while benefiting from our social networks and channels for promotion.
Here's our links:
- Website: https://www.stronghands.io
- DEX: https://dex.stronghands.io
- Pools: https://dex.stronghands.io/pools
- Swap: https://dex.stronghands.io/swap
- Bridge: https://bridge.stronghands.io/
- NFT Martketplace: https://market.stronghands.io
- Geckoterminal: https://www.geckoterminal.com/bsc/stronghands-dex-v2/pools
Social Media
- Telegram chat: https://t.me/StrongHands
- Telegram channel: https://t.me/stronghandsofficial
- Facebook: https://www.facebook.com/shndchain
- Instagram: https://www.instagram.com/stronghandsblockchain
- Twitter: https://www.twitter.com/shndofficial
- Github: https://github.com/stronghandsblockchain
- Discord Global: https://discord.gg/gb8QWDx
- Discord Japan: https://discord.gg/566pKM6
- Litepaper : https://github.com/stronghandsblockchain/iSHND-NewSource/blob/main/Litepaper.pdf
