Review on PeerEx by LUIS RIVERO R
Smart contract-based p2p exchange, under development.
Decentralized platform for the exchange of different digital assets, with the characteristic that they will not have custody of them, the entire market will be P2p, and peerex will function as an intermediary guaranteeing transactions between pairs.
Even without custody of data, it will be fully executed in smart contracts without any kind of custody by peerex, that is, you will not have access to these assets.
The main problem is related to its use, since there are multiple platforms that already allow the exchange between commercial pairs and people using smart contracts, or managing liquidity and being rewarded. In addition, the peerex platform is still under development.
In general this project is in the early stages of development, its only support is its roadmap and published code (although there is not much information yet). it is advisable to operate with caution.
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Pros
- No identity verification is required.
- The assets are in the custody of the user, they are never sent to a centralized ecosystem.
- You can lend your unused assets and receive interest, request your money at any time.
Cons
- Little volume and liquidity.
- Great competition in this market.
