Waves just announced the launch of its decentralized cryptocurrency exchange, which is named “Waves DEX,” after it underwent a trial period of seven months in which it tested 53 beta versions.
According to a press release, the project said that the revamped Waves DEX features a completely different user interface, along with upgrades in the technology department. The technology reinforces the exchange’s token issuance services which allows its users to launch, manage, trade, and control assets before and after their token sales.
The new solution offers its clients with an efficient tool set for launching digital assets and distributing them both to end users from the trading and investment community.
Unlike centralized exchanges, decentralized exchanges do not require of their users to hand over their cryptocurrency to third parties and instead, it lets them trade them in a peer-to-peer system. While some exchanges have better security implementations than others, decentralized systems present more security and anonymity as well as lower or no fees for their transactions.
Waves charges a fee of $0.01 or 0.003 WAVES for one order. The platform also says that it has performed over 30 million transactions and has around 90,000 registered users.
Waves’ solutions also let customers host crowdfunding events and list their freshly- minted assets on its decentralized exchange. The module features a range of tools that are like those offered at leading exchanges, as well as a simple design and all the functions needed for crypto trading.
Regarding the launch, Alexander Ivanov, Waves’ founder and CEO stated the following: “We updated the platform with the aim of making token creation and crypto trading accessible for everybody. We want to provide the fastest, lowest-cost, most secure and user-friendly blockchain platform available on the market.”
It should be noted that just two hours after the official launch, Waves issued a warning for its users in a Twitter post, urging them “not to enter their seed on the website until further notice.”