What is Newdex?
Newdex, as a decentralized exchange, is a peer-to-peer crypto exchange. There is no centralized custody over user’s funds, and users take full responsible for their funds.
At the same time, Newdex adopts the matching and settlement on-chian mechanism. All user transaction data is stored on the open and transparent blockchain,instead of the internal server, which can be checked in real-time and cannot be tampered with.
What can Newdex do?
Newdex currently supports multiple trading types.
OTC trading means exchanging fiat currency (currently supporting RMB) into crypto.
Crypto trading means exchanging one cryptocurrency for another, buying and selling tokens. One of the token is used as the denominated token to trade another tokens. For example, in the pairing NDX/EOS, where EOS is used as the denominated token.
At present, Newdex supports several trading areas, including EOS chain, TRON chain, EOSIO side chain (BOS, MEETONE, LYNX, TELOS, WAX).
Newdex swap is a new form of protocol for swapping EOS tokens, contrasting to classic order book mode. It uses a simple math equation and pools of tokens to achieve the direct and fast trade between different EOS tokens.
Swap provides the exchange ratio automatically through the constant product algorithm system, the exchange amount is correlated to the price slippage,ensuring the balance of the entire pool.The larger the exchange amount, the higher the slippage. Thus Swap is recommended for small amount exchange.
4.Cross-chain Deposit and Withdrawal
Cross-chain withdrawal and deposit supports pegging and exchanging between non-EOS public chain assets and EOS chain assets.