Nadezhda Zakharova 03/14/2018
The Deex project wants to create a decentralized exchange for fast and convenient cryptocurrency exchange.
The startup’s ambitions do not end there, and plans include issuing its own payment cards and crypto ATMs.
Project problems
In 2022, there was a boom in the development of cryptocurrencies.
In just one year, the capitalization of the crypto coin market jumped by 3,400% to $613 billion.
Trading volumes on crypto exchanges at this time increased more than 200 times and reached $27 billion.
Since existing exchanges cannot cope with the influx of new clients and meet the demand for trading, more and more trading platforms are appearing every day.
They can be divided into two types: centralized and decentralized.
The peculiarity of the former is that all decisions are made by a single center, and all exchange participants depend on them. They have quite a lot of disadvantages: unfair competition, political risks, exposure to certain decisions of the authorities of the countries in which they are registered.
Moreover, such services are highly susceptible to hacker attacks, because all users’ cryptocurrency is contained in a single storage.
Among such exchanges are Poloniex, Bittrex, Kraken.
Another way is decentralization. This is where Deex plans to go. Here, platform participants can influence the operation of the system, and the cryptocurrency is stored in the users’ own wallets. Among the exchanges already operating on a similar principle are BitShares, OpenLedger, RuDEX.
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A little about SmartProgress
Why do we think SmartProgress is different from all other ICOs?
- We already have a ready-made product that has been working successfully for more than 5 years
- The project already has its own huge audience, which is doubling every year. At this point in time, more than 150,000 users are registered on SmartProgress, 20,000 of whom use the service on an ongoing basis.
- The project is already generating income and it is constantly growing. At the moment it is $3100 per month.
- The project will receive an international grant from Startup Chile in the amount of $35,000 and even this small financial investment has increased the project's monthly income by 3 times in just six months.
- The small “Hard cap” (restriction on the maximum amount of funds raised) is only $500,000. At the moment, all ICOs compete to see who can raise the largest amount. Projects simply charge exorbitant amounts of tens and hundreds of millions of dollars, without explaining at all why they need so much. We have taken a different path; we are going to collect exactly as much as we really need to implement the plan that we wrote in the White Paper.
Our website | Announcement on BitcoinTalk | Our Bounty
Engine
According to Deex, the most developed platform for creating a decentralized exchange is BitShares 2.0.
Its “engine” allows you to process up to 100,000 transactions per second.
The maximum number of transactions on the BitShares blockchain reaches 920,000.
For example, in the bitcoin blockchain their limit was fixed at 320,000. Moreover, the cost of transferring to BitShares is much cheaper than in the bitcoin blockchain.
At the first stage, Deex plans to use the BitShares “engine”.
In the future, the startup must create its own engine based on it.
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Distinctive characteristics:
- The speed of transactions can reach 100,000 per second.
- Great potential for growth of the Dex currency of at least X25 in the first year of operation
- A platform with the goal of forming a decentralized transparent blockchain system for a crypto fund, managed by high-quality DEEX traders, and as a result, increased security.
- Cryptocurrency debit cards linked to DEEX user wallets and combined with fiat money.
- Extensive number of tradable currency pairs
- Trading activities in cryptocurrencies with stable value (BitAssets/SmartCoin).
- Possibility of creating trading robots for automatic trading.a
- You can buy tokens in any crypto and ADVcash
- Two-factor authentication.
- Russian version of the site - yes
Deex features
The crypto project is going to provide its brainchild with wide functionality.
So, in addition to regular cryptocurrency trading, it is planned to create a platform for safely conducting ICOs and creating new blockchain systems.
In this case, the tokens will be automatically added to the Deex exchange.
The project also intends to issue payment cards linked to Deex wallets, which will allow paying with cryptocurrency at retail outlets.
The startup plans to introduce its own network of crypto ATMs for quick purchase and sale of digital currency.
Deex cryptocurrency is expected to circulate freely. The stability and security of the blockchain must be guaranteed by the principle of Delegated Proof-of-Stake Consensus. As part of this consensus, the Deex community will have the opportunity to elect representatives whose task will be to confirm cryptocurrency transactions. Elections in such a system are held on democratic principles.
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Investments on the DEEX exchange
So, first of all, we need to hurry up and go to the DEEX exchange website, select a convenient language and the appropriate section:
Fill out the fields in the registration form and enter the captcha:
We see a message that registration was successful, and to activate your account you need to follow the link sent to your email:
When you log into your personal account, we can immediately start purchasing tokens:
Next, it’s worth choosing a cryptocurrency; the choice, it’s worth noting, is quite large:
We indicate the amount, and then copy the wallet address:
To send funds, you can use your Bitcoin wallet, exchangers, or services for the sale and purchase of electronic currency.
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Once you transfer the funds, they will be credited to your internal balance. The work of the exchange, as I already said, is scheduled for the beginning of March, and then your tokens will be transferred to the exchange, where you can sell coins when you see fit.
What does he earn from?
Deex has developed a monetization plan for its project. According to it, the crypto platform will receive money from trading commissions, which range from 0.2% to 0.5%.
It is also planned to introduce margin cryptocurrency trading on the exchange, from which a fee will be charged.
The crypto exchange plans to sell its technology to other crypto projects. And using the API, you can exchange data with various exchanges, from which you can also make money.
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Bounty
To popularize its project, Deex developed a bounty program. Its meaning is that crypto enthusiasts talk about the crypto exchange, for which they receive Deex tokens.
Bounty only works for the duration of the ICO. It is planned to spend 3% of all Deex tokens on it.
To participate in the bounty and receive cryptocurrency, the user, for example, must repost news about a crypto exchange from his real account on social networks.
Bounty tasks can be more difficult, for example, writing a review on Bitcointalks or translating part of a white paper.
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What is
DEEX is a decentralized exchange on the Bitshares blockchain (Graphene technology), which will have a built-in ability to issue its tokens on the SEO platform. It will include a tool to safely invest in these projects.
“This is the future, and the entire crypto community is striving for this,” said Sergey Besedin, advisor to DEEX, founder of the Deskrow SEO service and the IBW blockchain association.
But if you have the impression that this is just a standard exchange, then we will hasten to debunk this myth. Exchange activity here is just the tip of the iceberg. This is an exchange with a human face.
Many have encountered the fact that working on the stock exchange causes some inconvenience. Most of them have an insufficiently thought-out interface, which is especially off-putting for beginners, and at the same time it is difficult to even find adequate support for solving problems that arise during the work. But DEEX decided to radically change the current situation by introducing a quality product to the market that is designed to change your idea of comfortable cryptocurrency trading. That is why the founders themselves call their brainchild an exchange with a human face.
Its interface is intuitive, and everything is really thought out for the convenience of people. At first glance, anyone, even an inexperienced person, will be able to understand and use all the functions. Now stock exchange activity will become an easy and enjoyable activity for any person. Everything you need is available for this.
Competitive advantages of DEEX:
- A secure financial messenger using Peer-to-peer technology, with a built-in ability to buy, sell and exchange currency.
- A network of cryptocurrency terminals and ATMs where it will be possible to buy crypto for fiat currency. First of all, they should appear in the countries where the company’s partner offices are located. These include Russia, Turkey, Kazakhstan, Germany, Italy, Spain, Malta.
- A blockchain fund in which traders will manage investors’ assets.
- A platform for conducting ICOs. Interesting projects will be selected, evaluated, promoted and listed on the stock exchange. And DEEX token holders, in turn, will be able to receive income from any project included in the overall ecosystem.
ICO
At the cryptocurrency pre-sale stage, Deex managed to raise 3,410 ETH ($2 million).
A full-fledged ICO began on January 10, 2022 and lasted more than a month.
On it, the amount of attracted investments increased to 11,623 ETH, which in fiat equivalent exceeded $8.5 million.
In total, more than 60 million tokens were sold during the ICO . They were placed on the decentralized exchanges Openledger and RuDEX.
The ICO received good ratings from various resources. Thus, ICOBench gave it an overall score of 4.2. 8 experts left their opinions. They were most complimentary about the vision of the project after the ICO.
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Further development
Of the intentions for the beginning of 2022, Deex has so far fulfilled only one - to conduct an ICO.
Other plans for January-February include the launch of a mobile application and the introduction of a network of crypto ATMs in several countries, including Russia.
It is unknown at what stage these projects are at. The website states that they are “in progress.”
In March-December 2022, Deex is going to develop and implement its ecosystem “engine”. The crypto platform is planned to become fully functional next year.
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How can we make money here?
Until February 22, 2022, you can purchase tokens at a price of $0.18 (after the 22nd for $0.2), and in March they will be traded only on the exchange and their cost will be $0.25. That is, you will receive 39% net profit! But this is just the beginning, because I suggest you consider this investment option on a longer-term basis and now I will explain why.
Firstly, more and more investors and traders give their preference to decentralized exchanges, because I think many remember the situations with such famous exchanges as BTCE or Bitrix. The total amount of funds stolen from centralized funds is more than 500 000 000$!
And secondly, according to the forecasts of many different crypto analysts, the price of the DEEX token will be more than $1 and will continue to grow as this company moves offline, because judging by the roadmap, the management does not intend to remain just a decentralized exchange, it wants to create a whole ecosystem!
For those who buy tokens worth more than 100 thousand DEEX, they will receive dividends from all products of this platform, which you can find on the exchange website.
Advantages of this exchange over others
1. The speed of transactions can reach 100,000 per second.
2. A platform for the purpose of forming a decentralized transparent blockchain system for a crypto fund, managed by high-quality DEEX traders, and as a result, increased security.
3. Two-factor authentication.
4. Cryptocurrency debit cards linked to DEEX user wallets and combined with fiat money.
5. Extensive number of traded currency pairs.
6. Trading activities in cryptocurrencies with stable value (BitAssets/SmartCoin).
7. Possibility of creating trading robots for automatic trading.
I have highlighted the main ones, but in fact there are many more!
