Globiance Launches GlobianceDEX, the First and Only Decentralized Exchange in XDC XinFin

Global financial service group Globiance launched the first Decentralized Exchange (DEX) built on the XDC XinFin blockchain, GlobianceDEX, on December 8, 2021. The platform supports peer-to-peer transactions with no intermediaries, and it offers incentives and rewards to liquidity
providers.

A decentralized exchange, or DEX, is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary.

GlobianceDEX is deployed in the XDC XinFin blockchain, a third-generation ecosystem after Bitcoin and Ethereum. It consumes much less energy than its predecessors, has lower fees, and performs faster transactions by decreased confirmation time.

In this way, Globiance leaves behind the traditional architecture of digital exchanges as the new platform has no order book, and it works with a design called Automated Market Maker (AMM).

 

GLOBIANCEDEX The First and Only Decentralized Exchange in XDC XinFin

GlobianceDEX, a first of its kind in the XDC network, allows the trading of all kinds of assets, and traders can customize slippage, deadline, and swap path to suit their needs. New projects are able to introduce tokens directly into the market following their successful launch.

Developed as an Automated Market Maker, or AMM, GlobianceDEX uses EURG and USDG stablecoins as base prices, pegged to their respective fiat currencies; and GBEX, USDG, and WXDC as common bases.

AMMs are smart contracts that hold liquidity reserves, or liquidity pools, that traders can trade against them. These reserves are funded by liquidity providers.

Anyone can be a liquidity provider who deposits an equivalent value of two different tokens in the pool. In return, traders pay a fee to the pool that is then distributed to liquidity providers according to their share of the pool.

Liquidity providers create a market by depositing an equivalent value of two tokens. In return, liquidity providers get “liquidity tokens,” which represent their share of the entire liquidity pool. These liquidity tokens can be redeemed for the percentage they represent in the pool. Funds can be removed at any time.

GlobianceDEX supports Private Key, Keystore, D’ECENT, and XDCPay/XinPay as methods of connecting wallets. The team is working to increase connectivity options.

For more information, please read the Frequently Asked Questions for GlobianceDEX.

FAQ: https://dex.globiance.com/faq

What’s Next In GlobianceDEX?

Globiance never rests! The company works around the clock to develop the platform and improve and create new incentive models for liquidity. As a consequence, yield farming with liquidity pool tokens and staking is considered.

In addition, a multi-asset platform (Cross DEX) is a target. GlobianceDEX is developing an NFT marketplace, NFT gaming, and more!

GlobianceDEX is the new member of the Globiance family. Previously, the company has successfully launched stablecoins, crypto processing payment gateways, the Globiance Centralized Exchange, traditional banking services, and the GBEX, a third-generation token powered
by XinFin and the base token of the whole Globiance ecosystem of platforms.

The team, led by CEO Oliver Marco La Rosa, is also working on expanding all business verticals across the world.

More About Globiance

Globiance is a financial services group consisting of cryptocurrency exchanges and financial institutions in North and South America, Europe, Africa, Asia, and Australia.

Founded in 2018, Globiance provides financial services for corporate and retail customers. The Globiance platform covers the exchange and trading of crypto and fiat currencies (SGD, EUR, HKD, GBP, USD, etc.), stable coins in major currencies, payment solutions, and worldwide transfers.

GlobianceDEX website: https://dex.globiance.com/
Globiance website: https://globiance.com/
Telegram: https://t.me/globiancegroup
YouTube:https://www.youtube.com/channel/UCWcH7telVP7Laxh4LLZsrSg
Twitter:https://twitter.com/globiance
Facebook:https://www.facebook.com/Globiance/
GitHub: https://github.com/Globiance/
LinkedIn:https://www.linkedin.com/company/globiance
Instagram:https://www.instagram.com/globiance/

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