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Binance has delivered the last episode in the chronicles of his long-awaited decentralized exchange (DEX), after revealing a video of "sneak preview" and press release coordinated that illustrates a glimpse of the user interface of the platform, the web walletand blockchain explorer.
Released on 20 November in the midst of a massive market crash, the announcements could be the last ones before testnet launch of the decentralized branch of the world's largest cryptocurrency exchange by daily volume.
Trading on Binance Chain
An exchange development team apparently took a "very short break from coding" to compile the video, sharing a decidedly familiar look at current Binance users and showing the "low latency" promised by the platform with an immediately filled limit buy order
Even Binance Chain will have its own Block Explorer allowing users to track transactions, confirmation times, user addresses and all the usual bells and whistles expected from a native chain.
web Wallet
In line with the industry-wide push for non-custodial trading, the platform will present a wallet presumably allowing users to archive any resource and to make transactions in a decentralized manner, by logging in and executing transactions directly from their balance using the Binance currency (BNB) as a native gas.
According to a press release from the leading market exchange, funds will probably be secured with Trust Wallet-A server-free wallet Däpp that stores private keys exclusively on the user's deviceacquired from Binance to July.
Trade against wheat
Where some of these features presented themselves as groundbreakers, Binance blew on the cover of many curiosities that could knock out other feature-centered exchanges, including a token emission feature, and unprecedented ability for users to elect new pairs of trading.
According to the press release, Binance DEX will allow users to:
- Send and receive BNB
- Issue new tokens
- Send, receive, burn, freeze and unlock tokens
- Suggest to create pairs of token trading
- Send orders to buy or sell goods through trading pairs created on the chain
The "Binanciani" were fed a series of teasers from the announcement of the project in March, but the last one would seem to position the DEX while breathing the neck of his launch scheduled for the first quarter of 2019.
Disclaimer: The opinions of our writers are exclusively their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate approve any projects that may be mentioned or linked in this article. Buying and exchanging cryptocurrencies should be considered a high-risk activity. Please do your due diligence before taking any action related to the contents of this article. Finally, CryptoSlate assumes no responsibility in case of loss of money in the trade of cryptocurrencies.
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