THELOGICALINDIAN - PRESS RELEASE In acknowledgment to ascent gas prices during the aftermost weeks DMEX has confused its barter processing to xDAI sidechain that allows for abundant cheaper transaction recording Customer funds are still stored on an Ethereum acute arrangement the barter recording about is now performed on xDAI
This change allows users to abode orders as baby as 100$ which was absurd until now, with minimum adjustment requirements growing up to 200k$ during gas amount spikes on Ethereum.
The new anatomy allows for a collapsed minimum adjustment amount of 100$ absolute of Ethereum gas prices.
How does it work?
The aegis smart-contract charcoal on the Ethereum blockchain, accordingly the aforementioned allowance currencies are acclimated for trading (ETH, BTC or DAI), while the acute arrangement amenable for barter processing and recording is hosted on the xDAI sidechain. Whenever a user deposits funds to DMEX, the aegis arrangement (on Ethereum) communicates with the trading arrangement (on xDAI) through a decentralized arch and communicates to the trading arrangement that the user has performed a deposit.
The banker again commences trading on the xDAI arrangement with bargain gas fees and low minimum orders. Whenever the banker wishes to abjure funds from DMEX, a appeal is beatific from the xDAI trading arrangement to the Ethereum aegis arrangement to absolution funds to the user wallet.
DMEX offers the best decentralized user acquaintance for abiding futures affairs with up to 100x advantage with lightning-fast barter execution, burning withdrawals, and no KYC checks. Check out the DEMO adaptation to see it with your own eyes.
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