Review on BorsaDEX by Pedro O. Alvino M.
Decentralized exchange based in Turkey
Established as a decentralized exchange developed in Turkey, it has a very basic crypto-asset trade and a decentralized P2P loan system, which is open to any operator in the market.
With a loan service in P2P networks, the interest percentage is only 0.5% by the platform, in the case of the lender and borrower they can exercise a mutual agreement of the amount to be lent and received in a limited time in what regards the platform. Your crypto-asset trading can be done through a mobile version through TOMO's wallet, since said exchange works like Dapp in a decentralized network.
With a high processing of orders in seconds, it also estimates a different operation of the order book and orders so that these are stored in a network of TomoChain masternodes to avoid online attacks on the exchange, in addition to sending assets within the platform. executes through transactions for smart contracts.
Pros
- It has P2P loan services, with very low interest rates.
- Compatible with Ledger Nano, Trezor and MetaMask wallets.
- Supports various languages on the platform.
- It has a mobile version through the TOMO wallet.
- Several educational video tutorials are available on how BorsaDEX works.
- High order processing in seconds.
Cons
- Very few currencies supported and very low liquidity.
- It does not have a solid user base in its social networks.
- Exchange in full swing.
