Introduction to Dexilon:
Dexilon emerges as a revolutionary decentralised derivative exchange and ecosystem tailored to empower traders with versatile trading opportunities. Unlike conventional DEXs, Dexilon stands out with its transparent trading logic, instant execution, and minimal fees, positioning itself as a frontrunner in the competitive landscape of decentralised finance (DeFi).
Supported Wallets:
To commence trading on Dexilon, users are required to connect compatible wallets such as MetaMask or hardware wallets via MetaMask integration. As of August 2022, MetaMask stands as the sole supported wallet, with forthcoming support for Binance Wallet on the horizon.
Connecting Your MetaMask Wallet to Dexilon:
The process of connecting your MetaMask wallet to Dexilon is seamless and secure:
- Install the MetaMask extension from the Chrome extensions web store if not already installed.
- Follow the sign-in or sign-up process to connect your wallet.
- Upon installation, access the Dexilon website and follow the prompts.
- Agree to set Polygon Mumbai as the preferred network for Dexilon.
- You are now ready to trade on Dexilon!
Available Trading Assets on Dexilon:
While Dexilon continues to expand its offerings, the current roster of tradable assets includes:
- Bitcoin (BTC) / USDC
- Ethereum (ETH) / USDC
- Solana (SOL) / USDC
- Cardano (ADA) / USDC
- Cosmos (ATOM) / USDC
- Dogecoin (DOGE) / USDC
- Polkadot (DOT) / USDC
- Polygon (MATIC) / USDC
Key Features of Dexilon:
- Decentralised Limit Off-chain Order Book: Dexilon pioneers a fully decentralised limit off-chain order book on a native blockchain with high transactions per second (TPS), revolutionising the crypto derivatives trading landscape.
- Self-Custody with Personal Wallets: Traders maintain full control over their funds through self-custody with personal cryptocurrency wallets, enhancing security and trust in the trading process.
- Fee Redistribution: Dexilon redistributes fees among makers, takers, insurance funds, and data providers, fostering a fair and sustainable trading ecosystem.
- Rebates for Limit Orders: Makers receive a flat 0.01% rebate for every limit order placed, incentivizing liquidity provision and market making activities.
- No Gas Costs for Requests: Traders incur no gas costs for each request, as nodes are compensated from the taker fee, ensuring cost-effective trading experiences.
- No KYC Requirements: Dexilon does not mandate Know Your Customer (KYC) procedures for futures, cryptocurrency, or derivatives trading, preserving user privacy and autonomy.
- Unrestricted User Actions: Traders enjoy unrestricted freedom and autonomy in their trading activities, free from regulatory constraints or limitations.
Safety and Security on Dexilon:
Dexilon prioritises safety and security by employing a fully decentralised infrastructure, ensuring that users’ funds are secured within smart contracts. This approach mitigates the risk of third-party breaches, safeguarding traders’ assets and enhancing overall trust in the platform.
Fee Structure on Dexilon:
- Makers: Flat 0.01% rebate for every limit order placed.
- Takers: Fee starts at 0.05% and can decrease to as low as 0.015% based on trading volume and possession of DXLN tokens.
Conclusion:
Dexilon emerges as a beacon of innovation in the decentralised trading space, offering traders unparalleled transparency, security, and flexibility. With its robust features, user-friendly interface, and commitment to empowering traders, Dexilon sets a new standard for decentralised derivative exchanges, catering to the diverse needs of the trading community.
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