Summary

The provided content discusses the listing of SWIPE on Binance DEX following their IEO, the benefits of decentralized exchanges, and the features of Binance DEX, while also introducing SWIPE's data-sharing network.

Abstract

The web content outlines the upcoming listing of SWIPE on Binance DEX after the conclusion of their Initial Exchange Offering (IEO) on Tokenomy and Tokocrypto exchanges, which is set to occur between August 5 and August 18, 2019. It explains that Binance DEX is a decentralized exchange built on Binance Chain technology, offering users full custody of their funds and a secure trading environment. The article highlights the key features of Binance DEX, including its functionality, technology, and security measures, and emphasizes the platform's support for user-controlled wallets and various alternative wallets. SWIPE is presented as a network that incentivizes users to share data anonymously and provides data buyers with auditable data products, with all transactions enforced by smart contracts. The content also points to additional resources for users interested in SWIPE, including the official website, social media channels, and the SWIPE Datavault.

Opinions

The author expresses a positive view of Binance DEX, noting its potential to allow users to trade cryptocurrencies while retaining full custody of their funds.
The article suggests that Binance DEX's use of Binance Chain technology and one-second block times positions it to support similar trading volumes to Binance.com.
There is an emphasis on the security of Binance DEX, with its Byzantine Fault Tolerance (BFT) and Proof of Stake (PoS) based consensus mechanism being highlighted as a key feature.
The content conveys that Binance DEX's customer support is comprehensive, with resources such as a Github page, FAQ section, forum, and social media channels being available to users.
The author appears to endorse SWIPE's IEO and its approach to data sharing, which aims to empower users with control and privacy over their data while providing a trusted source for data buyers.
The recommendation of Trust Wallet as the preferred wallet for accessing Binance DEX indicates a favorable opinion of this particular wallet solution.

What is Binance DEX and what are the benefits of a Decentralized Exchange?

Hey everyone! As many of you know, we have been approved by Binance DEX to be listed there after we have finished our IEO. Our IEO will start on 5th August and will end on 18th August 2019 in both Tokenomy and Tokocrypto exchange.

our listing in Binance DEX will be somewhere around late September, roughly 2 weeks after we are listed on Tokenomy and Tokocrypto. Only tokens that are on Binance Chain (BEP-2) can be traded on Binance DEX so we will be providing a token swap platform to change from ERC-20 (Ethereum) tokens to BEP-2 (Binance Chain) tokens.

We recommend using Trust Wallet as the preferred wallet to access Binance DEX, please download the wallet from this link: https://trustwallet.com/

What is Binance and what is Binance DEX?

Binance is one of the major success stories of the entire cryptocurrency space and continues to grow at an unrelenting pace. After recently establishing a permanent base in Malta, the leading cryptocurrency exchange has also expanded into Africa with Binance Uganda, and launched a fiat to crypto platform called Binance Jersey.

The team have now released their Decentralized Exchange (DEX) platform on testnet, that will allow users to trade cryptocurrencies while retaining full custody of their own funds. Despite initial concerns regarding just how decentralized the exchange is, Binance continues to set the pace with regards to exchange services and the Binance ecosystem includes a token launch platform and incubator for blockchain projects, multiple education and research portals, an OTC trading desk, and the Trust Wallet mobile application.

Binance DEX is an extension of the main Binance.com exchange and provides cryptocurrency traders with further options after the exchange recently launched Binance Uganda and Binance Jersey.

On February 20, 2019, Binance announced the release of their testnet for Binance DEX, which acts as a decentralized order-matching engine based upon Binance Chain technology. In order to create Binance DEX, the team behind the exchange created a new blockchain and peer-to-peer distributed system which sees matching take place within the blockchain nodes with all transactions being recorded on-chain, which helps to maintain a complete, auditable ledger of activity, and allows users to exchange the digital assets issued and listed on the DEX.

As a result of the creation of Binance Chain, Binance Coin (BNB) will cease to be an ERC20 token, and will migrate to Binance Chain and become the new blockchain’s native asset.

Key Features

Functionality — Binance DEX utilises a web-based trading platform, and uses a similar UI to Binance.com. It also incorporates TradingView charts which contain a full range of technical indicators. Furthermore, the platform allows users to create wallets and hold their own private keys, and the DEX also supports alternative software and hardware wallets, and integrates with the Trust Wallet and the Ledger Nano S.
Technology — The exchange relies on the core Binance Chain technology and has one-second block times with near-instant transaction finality. As a result, Binance DEX can support similar trading volumes as Binance.com, although it uses a different matching engine. Binance DEX uses periodic auction to match all available orders, and as the match happens at the same time for all orders with the same price in every auction, it does away with the concept of Makers and Takers.
Security — The platform doesn’t take custody of funds, and traders maintain control of their private keys. Binance Chain uses a Byzantine Fault Tolerance (BFT) and Proof of Stake (PoS) based consensus mechanism that involves a series of qualified validators, and employs a number of anti front running mechanisms to maintain treading integrity.
Customer Support –As a decentralized exchange, Binance DEX is available traders in a wide range of countries, and the team provide a high level of support compared to other competing DEXs. They have provided a Github page and an FAQ section that address a number of key issues. There is also a Forum and the team maintain a Telegram group and Twitter.

The team at Binance have kept to their word and produced a decentralized version of their exchange as promised. For more experienced traders, this allows them to interface with a familiar and trusted platform while staying in control of their funds. The UI and TradingView charts allow traders to engage in more complex strategies based on a comprehensive variety of technical indicators.

Read the full article here: https://blockonomi.com/binance-dex-review/

About SWIPE

SWIPE network incentivizes users to share their data anonymously while providing data buyers with auditable data products while allowing users to know how their data is being used. All data transactions are strictly enforced with smart contracts which provides traceability and accountability. We are empowering users with more control, knowledge and privacy of their data and building a data sharing model that benefits them and the data buyers who now have access to a trusted source of data. It is time to restore trust and accountability to how data is used and handled.

SWIPE’s IEO will start on the 5th of August 2019 on both Tokenomy and Tokocrypto exchange and will end on the 18th of August 2019.

Join our official community!

Homepage: swipecrypto.com Facebook: Swipe Twitter: Swipe Blog: Swipe Telegram (EN): Swipe Github: Swipe Blockpost: https://blockpost.app/ SWIPE Datavault: https://swipecrypto.com/datavault/