Review on Newdex by Pedro O. Alvino M.
Decentralized multi-chain exchange.
A decentralized exchange developed through the EOS chain, offers users totally different trading services, so that each operation carried out in visible chain, in addition to this the exchange also integrates the Tron network that allows pairing outside chain.
With completely decentralized functions, it has several tokens and currencies to trade, although the liquidity of the exchange is very low, its services made it one of the 5 best decentralized exchanges in Tron, without having to add the ability to execute smart contracts this thanks to the EOS chain, which favors when implementing a transaction on the exchange.
An exchange with multiple chains, it also has the option of a mining pool in which it adds both the EOS and Tron coins, in addition to other coins with an acceptable annual return benefit with a flexible mechanism.
The exchange has additional services that can improve the operator's commercial benefits, as well as discount rates and privacy services, however such services are only available to users attached to the VIP, so common operators are exempt from these services.
The development of the exchange is well structured and the design allows any user to understand its operation without any problem, in which two years after its launch the number of users entering the exchange is moderate, so it is still unknown by one large number of operators in the market.
Pros
- You have a long list of tokens and coins to trade.
- It is one of the few exchanges with a cross-chain system with EOS and Tron.
- Ability to implement smart contracts to process transactions.
- It also offers a version for mobile devices.
- It has its own mining pool system with various supported currencies.
- Contains a development fund system for DeFi projects on the EOS chain.
Cons
- Many of the additional services of the exchange are limited to users who do not have a VIP subscription.
- Very little liquidity in the exchange.
- Your customer service system is very outdated.
