Top 5 Decentralized Exchange Tokens Below the $6 Price Mark to Watch in September 2022

2022-9-22 16:00

As the phrase implies, a Decentralized Exchange is a platform that allows its users to trade, swap or undergo any form of transaction without the need for any intermediaries. 

Decentralized Exchange Tokens are safer to deal with and by nature, have attracted a steady stream of Funds. Currently, it has a total market capitalization of $12,684,720,343 and total trading volume of $1,319,108,506.

Note: Tokens are sorted by their unit price from lowest to highest

MCDEX Token (MCB) Unit Price: $3.99 Market Cap: $7,394,932 Distinct Features: Users can trade up to 500ETH or 40BTC without any slippage and up to 25X leverage on Arbitrum.

MCDEX is a futures-focused decentralized exchange (DEX) built on the Ethereum layer-two scaling solution, Arbitrum and the Binance Smart Chain. It’s goal is to prioritize censorship resistance, security, and self-custody, according to the MCDEX team. Trading is permissionless, which means that anyone can trade, offer liquidity, or develop new markets whenever they want. Instead of employing a standard order book model, MCDEX uses an automated market maker to offer liquidity for traders.

MCDEX alleviates the liquidity issue by allowing anyone to offer liquidity while earning a decent profit.

The protocol’s stated objective is to allow anybody to build and trade in everlasting markets, which is why MCDEX has various market participants: AMMs, operators, liquidity providers, traders, keepers, and delegators.

Exchange: $MCB has a 24-hour trading volume of $157,087, trading on MEXC, FTX, Uniswap (V3), ZT, and PancakeSwap (V2).

CRODEX (CRX) Unit Price: $4.06 Market Cap: $400,000 Distinct Features: The CRX token is unmineable, with a total supply of 100,000 tokens. This means that its holders have no mint vulnerability issues.

CRODEX Exchange is diligent about being the greatest trading platform for all new projects, using Cronos’ lightning-fast speed. CRODEX has the fortunate distinction of being one of Cronos’ first and most well-known Decentralized Exchanges (DEX).

Some notable features:

Yield Generation – Users can earn CRX by participating in liquidity pools! Trading Tools – The Trading Tools site provides access to analytics, portfolio management, charts, liquidity events, and many other key datasets. Governance – Holders of the CRX Token can participate in the decision-making process for CRODEX’s future expansion. Gamification – Users can use the farming platform to earn limited-supply rewards tokens that can be used to purchase impending NFT-based gaming features.

Exchange: CRX has a 24-hour trading volume of $7,473.88 and it’s trading live on CRODEX.

Anyswap (ANY) Unit Price: $4.61 Market Cap: $85,523,272 Distinct Features: Fusion is the engine that drives Anyswap. To ensure asset security, Fusion Network employs a mechanism known as private key sharding, in which the private key is divided into many pieces and handled by various network nodes.

Launched in July 2020, Anyswap is a completely distributed system that allows tokens from various platforms to be traded. It is one of several networks that have joined the DeFi industry to enable cross-token exchanges and trading.

Anyswap’s smart contracts are open source, which improves security through individual audits. Anyswap’s open-source nature is crucial since it makes it easy to determine whether a platform is decentralized. The most crucial aspect of Anyswap is that the token allows users to exchange cryptocurrencies instantly.

The ANY token also allows holders to choose which coins should be listed on the Anyswap DEX, its decentralized exchange.

Exchange: With a 24-hour trading volume of $640,763, ANY is trading live on Gate.io, BKEX, Bibox, SpookySwap, and 1inch Liquidity Protocol.

Uniswap (UNI) Unit Price: $5.46 Market Cap: $4,161,971,819 Distinct Features: The protocol inventifies activities by limiting risk and lowering costs for all participants by automating the market-making process. The technique also eliminates the need for users to provide identification.

Launched in November 2018, Uniswap is a well-known decentralized trading system that facilitates the automated trading of decentralized finance (DeFi) tokens.

Uniswap, an example of an automated market maker (AMM) has grown in popularity this year due to the DeFi craze and concomitant spike in token trading. Uniswap’s goal is to keep token trading automated and entirely available to anyone who owns tokens while enhancing trading efficiency compared to traditional exchanges.

Uniswap increases efficiency by using automated ways to solve liquidity difficulties, avoiding the problems that plagued the early decentralized exchanges.

Exchange: With a 24-hour trading volume of $128,743,858, UNI is trading live on Binance, BTCEX, OKX, Bybit, and BingX.

Balancer (BAL) Unit Price: $5.71 Market Cap: $250,656,587 Distinct Features: Balancer has a unique feature in that many tokens can be added without using ETH.

Launched in March 2020, Balancer is an automated market maker (AMM) that was introduced on the Ethereum blockchain. The Balancer protocol serves as a self-balancing weighted portfolio, a price sensor, and a liquidity source. 

It enables users to benefit by contributing to customized liquidity pools using its recently launched token ($BAL). The protocol’s distinguishing characteristic is that it allows liquidity providers to hold up to eight assets per market, which are weighted by percentage and automatically rebalanced.

Users of Balancer are not required to deposit 50% of the desired asset but may deposit any amount of a supported asset. Another unique aspect of Balancer Lab is that customers can earn a high return on assets that are in low demand by taking advantage of arbitrage opportunities and reducing slippage.

Exchange: BAL is trading live on Binance, OKX, Bybit, BingX, and MEXC with a 24-hour trading volume of $14,576,462.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: melpomen/123RF // Image Effects by Colorcinch

The post Top 5 Decentralized Exchange Tokens Below the $6 Price Mark to Watch in September 2022 appeared first on NullTX.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

exchange decentralized tokens any intermediaries transaction form

exchange decentralized → Результатов: 126


Фото:

Klein Finance: A Decentralized Exchange on KuCoin Community Chain

Klein Finance is a decentralized exchange that is used to provide liquidity and trade KCC20 tokens on the KuCoin Community Chain. The exchange is known for enabling fast, efficient, and low-slippage stablecoin swaps, which tends to prove that decentralized token exchanges are not only feasible but also more efficient than traditional foreign exchange transactions. It […]

2022-5-21 18:33


Uniswap Exchange Protocol Guide And Review 2019 – New Ethereum’s Top Decentralized Exchange

The concept of decentralized exchanges has been popularized recently on the market, with a number of competitors swooping in and attempting to fill out this still developing niche. While many considered 0x to be in prime position to take this market for itself, it has become clear that said protocol somewhat stalled and let other […] The post Uniswap Exchange Protocol Guide And Review 2019 – New Ethereum’s Top Decentralized Exchange appeared first on CaptainAltcoin.

2019-4-19 01:01


Tron Makes Good on Decentralized Exchange Promise as TRX DEX Goes Live on TronScan

Promises have a tendency to be broken. Especially in today's business world, words have a habit of getting lost in the sea of anonymity. It is thus refreshing to note the excitement of Matthew Fetzer, a crypto community member who noticed the Tron decentralized exchange on TronScan. For the uninitiated, a decentralized exchange is an […]

2018-11-11 22:25


Fourth-Largest Exchange Bitfinex Launches A Decentralized Ethereum Exchange

Decentralized exchanges have been touted as the future of the market, especially since they give back the control to the users as Satoshi first set out to do when he developed Bitcoin. However, despite the great promise, they have failed to gain traction, with even the most popular struggling to crack into the top 100 […] The post Fourth-Largest Exchange Bitfinex Launches A Decentralized Ethereum Exchange appeared first on NullTX.

2018-9-19 00:00


Gratzio ICO

Gratzio is a global marketplace for favors based on Stellar blockchain that offers its users an ability to order or perform people-to-people instant services in exchange for cryptocurrency. The marketplace is accesible by Gratzio decentralized application that will be available via iOS store, Android Google Play as well as via regular browser with Internet access.

2018-8-14 11:04


Фото:

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

The path to a cryptocurrency revolution might just run through a sleepy Austin, Texas industrial park, home to offices of Cody Wilson and his company, Defense Distributed in the United States. Parallels exist between downloadable files from a website, allowing users access to 3D printable firearms, and a permissionless, decentralized, censorship-resistant medium of exchange.

2018-8-14 04:50


Фото:

Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX

In recent news pertaining to cryptocurrencies, a Chinese court has rejected an appeal from a trader disputing a previous decision that mandated he repay the value of 5 BTC accidentally credited to his Coinnice account, the CEO of Binance has demonstrated the company’s upcoming decentralized exchange (DEX), and Okex’s head of operations has discussed the […] The post Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX appeared first on Bitcoin News.

2018-8-13 12:50


Binance Reveals Pre-Alpha Demo of Decentralized Exchange & Binance Chain Amidst Listing Fee Criticism

Cryptocurrency exchange giant Binance has unveiled a pre-alpha demonstration of its own decentralized exchange in a move that foreshadows the future of the crypto trading ecosystem. First announced in May, the Binance Decentralized Exchange (DEX) is part of a greater project that will see the exchange platform launch a tailored blockchain, called “Binance Chain.

2018-8-11 10:00


Binance представила демо-версию децентрализованной биржи криптовалют

Глава криптовалютной биржи Binance Чанпен Чжао продемонстрировал пилотную версию децентрализованной платформы для торговли криптовалютами (DEX) на базе собственного блокчейна биржи — Binance Chain.

2018-8-10 15:11


Vena Network Token: Blockchain Asset Financing & Tokenization?

What Is Vena Network? Vena network is a platform designed for tokenized exchange and asset financing/mortgage lending. It’s not a company in itself; it’s an open source project built to fill a gap in the cryptocurrency ecosystem by ensuring effectiveness and trust of decentralized governance, assistance of various startups in commercial innovation and development, and transparency […]

2018-8-10 14:39


Состоялся релиз первой демо-версии децентрализованной биржи от Binance

Глава Binance Чанпен Чжао представил пре-альфа демо-версию децентрализованной торговой площадки от Binance на базе блокчейн-протокола Binance Chain. A first (rough, pre-alpha) demo of the Binance Decentralized Exchange (DEX), showing issuing, listing and trading of tokens.

2018-8-10 09:59


Фото:

Sparkswap Promises to Combine Centralized and Decentralized Exchange Functionality

Litecoin creator Charlie Lee is a hard man to please, so when he endorses a crypto project, people generally sit up and take note. On August 2, 2018, he retweeted a tweet announcing the launch of Sparkswap, a revolutionary new method of trading crypto across blockchains with all the speed advantages of a centralized exchange, but without any of the.

2018-8-10 07:50


Фото:

Binance “Sneak Peeks” In-House Decentralized Exchange

Binance Grinds Out Pre-Alpha Decentralized Exchange World-class cryptocurrency platform Binance has been hard at work on its in-house decentralized exchange platform for months now. While no product was expected this early, Binance’s team has been hard at work, recently releasing a “sneak peek” of a pre-alpha version of the platform, which will be an essential part of Binance […] The post Binance “Sneak Peeks” In-House Decentralized Exchange appeared first on Ethereum World News.

2018-8-10 22:00


Фото:

Binance Unveils Decentralized Exchange Amid Doubts Over Ethos

Major cryptocurrency exchange Binance has revealed a “rough, pre-alpha” demo version of DEX, its own decentralized exchange which could ultimately take over from its current platform. ‘A Big Step’ Introducing a video walkthrough of the exchange, CEO Changpeng Zhao said developers were “very aggressively” on getting a usable product to market.

2018-8-9 18:00


Фото:

Why GXChain’s New Blockcity Mobile App Has Gone Ballistic

A few weeks ago, Crypto Briefing reported that the Chinese Government ranked GXChain, the decentralized and open-sourced data exchange platform, fourth in the Global Blockchain Assessment Index. It’s no shock that Ethereum and EOS are ranked higher, but GXChain’s emergence was a surprise since most of the Chinese project’s work is not especially familiar to […] The post Why GXChain’s New Blockcity Mobile App Has Gone Ballistic appeared first on Crypto Briefing.

2018-8-8 00:25