They are basically peer-to-peer marketplaces, which allow crypto traders to carry out transactions without handing over their assets to a custodian or intermediary . Rather than relying on custodians and intermediaries, smart contracts facilitate transactions on decentralized exchanges.
Read moreWhat is the difference between IDO and ICO?
IDO, or Initial DEX Offering, is a crypto coin (or token) offering that happens on a decentralized exchange (DEX). Unlike an ICO, however, where tokens are sold before an exchange listing, in an IDO, tokens are immediately listed on the DEX through which they’re launched .
Read moreWhat is a decentralized exchange platform?
A decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers . In contrast to centralized exchanges (CEXs), decentralized platforms are non-custodial, meaning a user remains in control of their private keys when transacting on a DEX platform.
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