AXNET hybrid exchange review
I recently decided to test the AXNET hybrid exchange. I decided on this because I was reading their Whitepaper and I was impressed with the technology they utilize. Many people are probably wondering what is AXNET exchange so let me clarify that. It is the first hybrid exchange, which combines both a decentralized and a centralized exchange in one platform. This eliminates the lacks of one and the other while maintaining their advantages. Well, let's start with my opinion about the exchange.
Before you can use the exchange, registration is required. The procedure is extremely simple and I did not have any problems. SMS verification is requiereded, to avoid fraud. The AXNET centralized exchange is extremely transparent and user-friendly. There are trading pairs of all major currencies such as BTC, LTC, ETH, XRP, EOS, AXN, USDT, and others. With time, new ''smaller'' tokens will be available on the exchange as well. First of all, I was impressed by the big graph on the AXNET exchange, which enables precise conversion of the course of the graph. Also, the graph is equipped with more than 50 different indicators that ensure the maximum efficiency for the day traders. Also, the volume on the AXNET exchange is quite high, and at the time I tested the exchange, it was around $ 14,000,000 per hour. So when I used the exchange, I did not have any problems buying a currency at the desired price. Depositing and withdrawing money to the exchange office is quite easy, but it is necessary to use google verification for security reasons.
You can switch to a decentralized exchange with a single click, and the wallet can be connected using a private key, a wallet edger, or a wallet software. At the decentralized exchange, there are many different swap pairs available, such as WTC, ZIL, WAX POWER, and others. An interesting concept, it seems to me that tokens with higher market cap values have been added to the centralized exchange, while those with a lower market cap value have been placed in a decentralized exchange. Unlike previous decentralized exchanges, AXNET is significantly more transparent and easier to use. While using use, I had the feeling that I was using a centralized exchange, because the user interface is at an extremely high level.
Final thoughts
At AXNET, they managed to combine both the decentralized and the centralized exchange to a meaningful whole. The exchanges operate at a high level and are user-friendly. Best of all is that switching between the decentralized and centralized exchange is possible with only one click. I believe that other major centralized exchanges will go along the same path. However, AXNET has an advantage since it started first with this kind of exchange, and the competitors will have a rough time caching them.
I will continue to use the AXNET exchange because the platform offers a lot of advantages and it has really low fees. I am convinced that the exchange will also increase the number of users after tokenization, as users who own their tokens will have additional benefits at the exchange.
AXNET is the future of exchanges.
Website: https://ax.net/
Whitepaper: https://ax.net/docs/AXNETWhitepaper.pdf
Exchange: https://trade.ax.net
Bounty0x username: Tikezza33