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Review on ViteX by Praise Olagbadun

Revainrating 4 out of 5

My Review On The Vitex Exchange Platform

Exchange platforms seems to be available in their diversities for any trader interested in the service they offered. This has helped to give traders a vast number if choices to make. Some of these exchanges are able to catch the fantasy of traders via a specific feature while others do the same thing by collectively adding many. And some others are unable to gain popularity due to a mistake made either in the features they possess or something else.
I would be reviewing an exchange platform which is known as the Vitex exchange platform. It is a completely decentralized one that is based in China. This exchange platform seems to interest me with one major feature, their community. A crypto platform having a great community is not too far from greatness- I believe that. This exchange platform has a community where members mint their local token known as VT and in return gets a cut. This is only possible when a trader has either 10 VT tokens or more (the eligibility threshold). They do this by holding this token and get rewards after that. Some other exchanges does the same thing, like Kucoin and many others out there.
Trading fees is something I always endeavour to make mention of in an exchange platform because that's the main purpose of using an exchange platform by a trader- Trades. The Vitex exchange platform does charge for trading services they offer to traders. This fee is the same for both makers and takers and is exactly 0.2%, this is what I classify as a moderate fee as it is not a competitive one, nor is it an expensive one. Their interface is the next thing on line. The Vitex exchange platform seems to have what I call a "completely moderate interface." I call it so because the interface is not bad and not good either. I would also recommend it for beginners due to its simplicity.



Pros
  • Traders are paid for holding the VT token
  • Their interface is simple to use
  • Moderate trading fees are what they charge
Cons
  • They have to work on the speed and beauty of their interface