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DexCurrency.com (Decentralized Exchange Currency) - Please appraise..

Labeled as domain in Domain Appraisal, started by Sumeeth, Mar 22, 2018

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  1. Sumeeth

    Sumeeth DomExpert VIP

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    Description on Dex or decentralized Exchange: A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.

    Existing Dex platforms:

    Decentralized Exchanges

    While there is still a long way to go in order to build fully functional and convenient decentralized exchanges, there are several projects that have brought us the basic functions and an alternative way to trade currencies while keeping our funds safe from hacks, inside thefts and faulty business models.

    Bitsquare: Bitsquare is a decentralized open-source exchange that allows users to buy and sell Bitcoin for cryptocurrencies and national currencies without the need to entrust funds to third-party or middleman, meaning that the transactions occur directly between the buyer and seller. Bitsquare relies on a decentralized multi-signature escrow system to ensure that all trades are carried out honestly.

    Click here to see Bitsquare reviews and features on CryptoCompare. We are also preparing a "How to use Bitsquare" guide that will be released soon!

    Bitshares & Openledger: Bitshares is a crypto platform with its own native currency, Bitshares (BTS). Using the Bitshares platform, users can trade BTS, Market Pegged Assets (a crypto asset pegged to another currency or commodity that always has 100% or more of its value backed by the BitShares core currency, to which they can be converted at any time) and User Issued Assets (assets that can be issued by anyone to represent shares, commodities, currencies and so on). Openledger is the Web-based version of Bitshares, running on the same underlying blockchain.

    NXT: Nxt is a crypto platform (one of the first crypto 2.0 projects) that allows users to issue and trade assets. These assets, however, can only be exchanged for the coin NXT and not for other cryptocurrencies. Asset-to-asset exchange is also not possible.

    CounterParty DEX: CounterParty (XCP) is a meta-coin smart contract layer that embeds data into regular Bitcoin transactions. It allows anyone to issue assets or tokens inside of the Bitcoin blockchain. When trading assets for other assets, the Counterparty protocol acts as a decentralized escrow service that holds the funds until the orders are matched. When trading an asset for Bitcoin, the asset is held in escrow and the other user must make a manual bitcoin payment using the Counter party wallet.

    Thanks,
     
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  2. Sumeeth

    Sumeeth DomExpert VIP

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  3. Sumeeth

    Sumeeth DomExpert VIP

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  4. maxtra

    maxtra Let's make a deal VIP

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    Could fetch $xxxx depending on your holding time, end user, and pricing strategy. $xxx is more realistic, though.

    Comps:

    netcurrency.com $1,500
    zencurrency.com $1,088
    bitcurrency.com $2,595

    Good luck!
     
  5. deez007

    deez007 The More I Learn The Less I "Know" VIP

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    I'm the fence with this one.

    Reason I'm a bit unsure is because generally exchanges don't really use the word "currency" in their names. Come to think of it, from all the exchanges I know, I don't know of any of them that have the word currency in their name. The other issue is that the domain basically reads Decentralized Exchange Currency which doesn't sounds right at all unfortunately. If it read Decentralized Currency Exchange then that would have made sense. Just my 2 cents though, I hope I'm wrong and you manage to crack and nice sized sale on this.
     
  6. Sumeeth

    Sumeeth DomExpert VIP

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    Thanks guys for the appraisals.

    We have similar website available - CurrencyDex.com

    Any more appraisals!
     
  7. Sumeeth

    Sumeeth DomExpert VIP

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    Any more appraisals
     

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