Review on CoinFLEX by Pedro O. Alvino M.
Trading platform for crypto assets and their derivatives with leverage.
Platform with a wide variety of commercial functions in crypto assets, allows users to have a variety of financial options, in which they can have medium and long benefits, so that it integrates both a traditional exchange and an automated market.
According to the services of the platform, it adds several reward strategies in stable currencies, which are native to the platform (noteUSD AND flexUSD), in such a way that it allows obtaining annual percentage returns and reduction of fees per negotiation, in addition to said stable currencies. They are also included as a loan mechanism on the platform.
The platform's exchange adds crypto assets such as Bitcoin and Ethereum, in which it also has cryptocurrency derivatives with exchange pairs with BTC and ETH, it also has leverage of up to 100x, in the way that its functions and design of the commercial interface they are understandable to any operator.
The exchange is still in development, so it is proposed to develop a governance system based on the platform token (FLEX) so that there is a total decentralized in everything in the CoinFLEX ecosystem.
Pros
- It has several DeFi mechanisms based on stable coins.
- Offers an automated market with options to add liquidity and yield farming.
- It has a cryptocurrency derivatives exchange adapted for professional and beginner traders.
- Does not add additional withdrawal fees.
- Add a rewards program for finding bugs on the platform.
Cons
- Your automated market has delays when it comes to starting.
