TRON Launches New Decentralized Exchange TRXMarket
TRON (TRX), the massively popular cryptocurrency and decentralized application (dapp) development platform has launched their first decentralized exchange (DEX) called TRXMarket on December 12, 2018. The new platform will provide TRON enthusiasts and crypto traders alike with the opportunity to trade a variety of TRC-20 tokens on the TRON network in a safe, transparent, and convenient way. TRXMarket launched with 3 TRC-20 tokens available to trade; TRONdice, TronFun Token, and DiceBet. Trading these digital assets is only possible against TRON’s native cryptocurrency, Tronix (TRX). The team behind TRXMarket believes the exchange has the potential to become an industry leader for decentralized exchanges and will overtake the existing centralized platforms that dominate the industry. Though the exchange is decentralized, they base its operational entity out of the Cayman Islands with the team being based in Malta. As the TRXMarket operations are in the Caymans, the exchange abides by the laws and regulations set forth in this territory. As for the inner workings of the TRXMarket DEX, TRX smart contracts carry out all trades, with records stored on the public blockchains of the digital assets being traded. This leaves a public record of every trade for full transparency and no manipulation can take place unnoticed.