ByteDex: Byte Decentralised Exchange

Introduction

Decentralized Exchange is the need of the hour. People are moving towards cryptocurrency as they want a financial system where interaction is more peer to peer than institutionalized. A decentralized exchange is a cryptocurrency exchange market that operates in a decentralized way allowing a peer to peer trading without a central authority. And when a user needs to withdraw his/her funds, these are converted back into the cryptocurrency they represent and sent to their owner. In the blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network. But these Decentralized Exchanges are also bringing newer technologies and coming with advanced benefits for users. And ByteDex is one of them, a very advanced, hybrid crypto exchange.

What is ByteDex?

Byte Decentralized Exchange is a Hybrid Crypto Exchange operating on Ethereum & Binance SmartChain and Tron that gives Total control of crypto assets. It is built with the aim of delivery of value to the individual, not anyone else and the growth of the community.

Why go for ByteDex?

1. Community Driven:
Community is one of the most essential elements when we are talking about tokens and ecosystems and also about humans. It’s the community because of which we as individuals connect, socialize with more people and thus it adds value in our lives. Bytedex is an ecosystem-based on communities around the world. Each community has representatives on the board of Bytedex Technologies company. Bytedex supports communities with 20% of the net income generated from each country.

Features of ByteDex

TOKEN

BYTEDEX Token is the official trading unit of the Bytedex Exchange, that provides great benefits to the users in ByteDex. BYTEDEX Token has been produced in cooperation with Tron Network, in total 1 billion units in TRC-10 format. Bytedex owners can share the revenues of the Bytex Exchange by staking their Tokens on the Bytedex Exchange or benefit from large discounts on trading commission fees. Bholdingng BYTEDEX Token on ByteW, users get %300 commission discounts. With BYTEDEX Staking users can get staking rewards up to %50 net income of Byte Exchange. BYTEDEX also has features on ByteDex TokenLauncher and ByteDex AltTokens List.ByteDex can be traded for other Crypto Assets or Fiat currencies

Tokenomics

Total supply
1000000000 (253502691 Tokens Burned) 746497309 Tokens Remaining

ROADMAP

August 2020
Preparation of Exchange Architecture

TEAM

İsmail Köseoğlu
Founder & CEO

CONCLUSION

As more and more people are adopting cryptocurrency, some people remain outdated with the technology. As technology is getting advanced rapidly, there are newer updates in blockchains, exchanges. So here this is one of the most promising hybrid blockchains exchanges which is having great potential for the future.

For more information

Website: https://bytedex.io/
Whitepaper: https://bytedex.io/wp-content/uploads/2021/06/bytedex_EN-2.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5344340.msg57251872#msg57251872
Bounty Thread: https://bitcointalk.org/index.php?topic=5349907.0
Telegram: https://t.me/ByteDexGlobal
Twitter: https://twitter.com/ByteExchange
Facebook: https://www.facebook.com/ByteDecentralizedExchange/
LinkedIn: https://www.linkedin.com/company/bytedex/
Reddit: https://www.reddit.com/user/ByteDex
Medium: https://bytedex.medium.com/
YouTube: https://youtube.com/channel/UCw8wl0SXHhLI0xn0JPWFMtw

Written by

K. Siva Arulmani
Bitcointalk Username: : @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654

Working in film industry as a director