Stellar (XLM) has launched its long waited decentralized exchange StellarX. On 28th September 2018, the Co-creator of StellarX, Christian announced the launch of the decentralized exchange StellarX. He stated:
“This week, we’re happy to say that StellarX is fully open. There’s a lot we still need to do. But we’re excited about what we’ve built.”
Stellar (XLM) exchange StellarX is looking forward to the most popular place to trade in the world. It is still very early to claim that but it’s achievable, starting with a few basic values.
StellarX with Zero Fee
Stellar (XLM) decentralized exchange is totally free for trading, probably the only among other exchanges. Bequest Exchanges all charge per trade, even a free trading platform like Robinhood profits from its customers idle funds. Furthermore, users of Ethereum DEX-IDEX, EtherDelta, and many more, they have to pay for it. This is too expensive now-a-days, so StellarX provides its users the best platform to trade without any expenses.
Using StellarX, takes no fees and even more than that, it refund all network costs. This is something no other decentralized exchange has ever done before. All along this the users have sole command over their assets, so whenever, there’s interest it’s all users. Stellar have even written their own fee out of their agreements with deposit partners, who, they’ve found, often put in a percentage. XLM are not here for a cut but moreover they are here to redefine how assets are moved around the globe.
How has StellarX chosen to afford this No free trading? Briefly, StellarX has chosen the right tech. The trades and orders are native to XLM, not a layer that has to be overlapped through re-layers and smart contracts. The XLM consensus mechanism requires no ‘work’ or ‘stake’, means that it doesn’t use your capital to function.
StellarX has a real fiat onramp, this is a first for a decentralized platform. If the users have a U.S. bank account, they can deposit dollars directly through ACH, which is inside the app of StellarX.
StellarX also show tokens for Euros, Philippine Pesos, Nigerian Naira, Chinese Yuan, Hong Kong Dollar, and the British Pound, and it will add in-app deposits and withdrawals for these as soon as their issuers support StellarX standards. StellarX will also except a full suite of forex stablecoins in next few months. StellarX will be a local exchange for many countries that at the moment have nothing.
What’s Ahead in Future?
StellarX in coming days will add the following which include, Night mode, A mobile site, and much more improvements with better token stats and charting library and many more characteristics will be added. So the customers of Stellar (XLM) and StellarX stay tuned to more updates on the decentralized exchange StellarX.