Tron he released his first one decentralized exchange (DEX) in beta mode. Known as the "TronWatch Market", the company's official blog page states that executives began planning the exchange last summer and worked with a team of 5 developers to make things work.
Check out @TronWatchThe decentralized exchange #TronWatchMarket. Community developers behind one of #TRONThe first DEX with full functionality has just released the beta and it seems already incredible! More information here 👇https: //t.co/sbjYWWRqOj
– TRON Foundation (@Tronfoundation) 28 October 2018
Try the TronWatch Market demo
At the time of writing, a demonstration It is available for users to try.
Second TronWatch market:
We are trying to build one of the first complete decentralized exchanges of TRON. It will allow you to easily and securely exchange between TRON, TRX10 and TRX20 tokens … The demo is running on Testnet and all operations are performed by our intelligent contract. This means that although it is not yet a real currency, what you see will work on mainnet in the same way. We have some robots that actively negotiate on TronWatch Market, so sit back and watch the charts, order books and recent exchanges.
Because DEX is only on the test network, customers are advised not to transfer any mainnet currency to it, since the tokens will be lost.
How does it work
The interface of the exchange is described as "clean" and relatively easy to use.
Users can enter orders as limit orders, making trading quick and easy. When an order is submitted, TronLink – the extension of the platform browser – will ask the user to confirm it before it is solidified. All offers are stored off-line to reduce the possibilities of theft and illegal activities, while market orders are sent directly through the TRON network to be processed.
For anyone interested in trying the exchange, we recommend downloading TronLink Here.
Once done, the user will be asked to create a special password for their wallet, then click on the gear icon in the extension. They must therefore create a new "custom node", visit the demo page and click on the tap link to get your hands on free funds to trade with.
The growing TRON ecosystem
TronWatch market official white paper explains the objectives of the project:
Our previous contributions to the Tron community have proved invaluable to the network and we are committed to taking the next step with the development of this exchange … We want to see Tron and the successful Tron based projects. We believe we have a good plan and a great team, and with your help we will create a fantastic and decentralized exchange.
News on the latest version of Tron it was not enough to keep the currency from the sinking of more than 6% in the last market decline. At the beginning of October 29, about 7 billion dollars disappeared from the cryptocurrency market, bringing coins like Bitcoin, Ethereum and Tron to the lows from mid-October.
However, the difficult value of the currency did not affect the progress of Tron dapps, which recently made headlines when it followed the release of TRONbet, the first completely decentralized application of the company, the daily transaction volume on Tron's blockchain it surpassed that of Ethereum, the world's second largest cryptocurrency by market capitalization, and exceeded 500,000 individual transactions.
Before this, Tron has released the payment system "Poppy", a DApp designed to help retailers around the world accept and receive cryptocurrency payments.
Overall, the currency has moved from about $ 0.023548 to about $ 0.021979 – although at the time of writing this article, the price seems to have partially recovered and now stands at $ 0.022, suggesting possible short-term support.