EXPREAD: New Trading Paradigm to Put Centralization to Halt

From this article you will learn about a new trading paradigm that aims to tackle the problem of centralization
09 February 2018   1436

After Bitcoin was first conceived and announced, it was commonly perceived as a currency to put a lid on centralization of finance and bring financial freedom to people. However, as the industry and the user base expanded, numerous exchanges popped up offering people to trade some of this freedom for comfort.

With hashing power in Bitcoin concentrated in the hands of only a few major players, and exchanges operating on centralized paradigm prone to hacks, inside jobs and other risks inherent in older models, the cryptocurrency industry is incredibly far from the ideals of decentralization outlined by Satoshi Nakamoto almost ten years ago.

Safety and privacy guaranteed by mathematically unbreakable algorithms of cryptocurrency are absent or almost absent from most exchanges present nowadays. Keeping your cryptocurrency at an exchange is commonly regarded as being next to madness. The question of privacy is off the table as well. The remarkable instances of numerous exchanges that went down with a fuss, halted withdrawals or closed due to failure to comply with regulations demonstrate that the system that ought to bring freedom to people doesn’t really work.

There have been numerous attempts to make it up with decentralization. One of the most remarkable instances of such is EXPREAD, a solution that goes beyond a single exchange but aims to tackle the problem of creeping centralization as a whole.

EXPREADEXPREAD

EXPREAD liquidity model enables a seamless aggregation of the market depth to harvest the synergy value from unified liquidity pool.

 

Carlos Gao 

Сo-founder, EXPREAD

What EXPREAD offers is an umbrella ecosystem for exchanges that may operate in both centralized or decentralized fashion while having a common order book thus creating a seamless trading framework. Essentially, such an ecosystem would combine the user-friendliness of centralized exchanges with the safety and privacy of their decentralized peers. Both kinds of exchanges will be built on top of this framework thus making things easier for users and exchange administrators. The system will also make it simple for anyone to create their own exchange if they will.

EXPREADEXPREAD

2018 promises to be an important year for our platform as the team puts forth a global agenda in order to ensure its fast and sustainable development through acquiring strong partnerships and further funding. We are inviting the active crypto enthusiasts to join our telegram global community in order to gain more insight directly from the founders and technical team of the platform.

 

Leo Liu

CEO, EXPREAD

It is, of course, a question whether the wider community of traders gets onboard such a solution as it would require them to relinquish something, though flawed and far from perfect but well-known and perfectly understood.

The model offered by EXPREAD, however, has the potential to bring about decentralization that went missing from the cryptocurrency industry years ago.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   110

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.