In the cryptocurrency and blockchain industry, new innovative projects show up on a regular basis. Although it will always be challenging for projects to gain traction, Lake Trade is an interesting take on the decentralized exchange concept. Its zero-fee structure and strong focus on liquidity can make it a very strong contender moving forward.
The Lake Trade Concept Explained
It is evident the cryptocurrency industry needs more decentralized exchange options.
Binance just offered its users an in-depth sneak peek of its forthcoming decentralized exchange (DEX). Announced in March of 2018, the decentralized exchange will be built on Binance’s own Binance chain, the soon-to-be base layer for BNB, Binance’s trading currency that is currently an ERC-20 token.
A December 4, 2018, YouTube video posted by Binance’s official channel showcases the work the Binance DEX has undertaken on the project since its last update.
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The Open Trading Network seeks to connect the whole crypto world. One important service of the organization is to provide an option for a decentralized exchange.
Decentralized token exchange AirSwap has concluded a $20 million presale ahead of its public token distribution event. The AirSwap ICO is expected to raise a combined total of more than $30 million.
China’s recent ban on cryptocurrency exchanges highlighted the need for decentralized markets that guarantee user privacy and can not be shut down by hostile regulators. AirSwap, a project backed by venture production studio ConsenSys, aims to leverage ethereum-based smart contracts to develop a decentralized, peer-to-peer ERC20 token trading platform.