KeplerSwap is building a brand-new platform to break the traditional way of trading. It is creating a new trading procedure, concept, and ecology. The decentralized financial eco-system of KeplerSwap, is a huge, unprecedented eco-system. It builds a new DeFi eco-system along with fairness and reliability.Keplerswap uses a decentralized exchange contract based on BSC public chain, anyone can easily exchange digital asset on the platform.
About DEX/Dapps
Decentralized exchanges (DEX) are a type of cryptocurrency exchange which allows for direct one-on-one cryptocurrency transactions to take place online securely and without the need for an intermediary. A decentralized exchange (DEX) is a partially-automated asset exchange platform where no third-party escrow intermediary holds the funds of the transaction participants at any stage. On the architectural level, it means that there are no centrally-controlled servers, and the networks’ nodes are distributed, eliminating a single point of failure.
Traders on a decentralized exchange often do not need to transfer their assets to the exchange before executing a trade, decentralized exchanges reduce the risk of theft from hacking of exchanges,Decentralized exchanges can also prevent price manipulation or faked trading volume through wash trading, and are more anonymous than exchanges which implement know your customer (KYC) requirements.
Types of DEX
DEXs are similar to their centralized counterparts in some ways but significantly different in others. Let’s first note that there are a few different types of decentralized exchanges available to users. The common theme among them is that orders are executed on-chain (with smart contracts) and that users do not sacrifice custody of their funds at any point.Others include the Off-chain order books with an on-chain settlement and also Smart contract-managed reserves.
Why DEX is precedence over CEX
Even in the earliest stages of development, decentralized crypto exchanges offer advantages that impact digital asset custody and diversity, transactional trust, trading fees, and investor privacy.
• Anonymity and Custody
Traders using decentralized exchanges don’t need to disclose their private keys because wallets are held externally, and the DEX is not liable for the funds. For the same reason, users aren’t typically required to complete KYC and AML procedures when using DEXs. While this may be advantageous in regards to convenience, it is potentially problematic from a legal perspective.
• Mitigating hacking risk
Users of decentralized exchanges do not need to transfer their assets to a third party. Therefore, there is no risk of a company or organization being hacked, and users are assured of greater safety from hacking and theft.of the many reasons to use DEX include:
•Preventing market manipulation
Due to their nature of allowing for the peer-to-peer exchange of cryptocurrencies, decentralized exchanges prevent market manipulation, protecting users from fake trading and wash trading.
• Trustless Transactions:
On CEXs, every transaction is overseen and recorded by a central authority, the exchange itself. Through smart contracts, DEXs execute trades and record them to the blockchain, enabling trustless transactions. And since DEXs do not hold your funds, they are less likely to be targeted by hackers.
• Lower Fees
Decentralized exchanges function through the use of self-executing smart contracts. In the absence of an intermediary, DEXs use the same “gas” fee structure as the Ethereum blockchain they’re built on. DEXs charge a low fee, around 0.3% for exchanges like Uniswap. Although these fees fluctuate in response to the network utilization, they remain far lower than the costs incurred on centralized alternatives.
KeplerSwap allows individuals issue coins on the Decentralized Exchange platform with all the aforementioned benefits and more.
