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A new, decentralized exchange based on Dogecoin. Talking about DogeDEX - the first open source exchange from the DEX group, of the type "Shiba Powered". The platform enables P2P exchange between users and atomic exchange. Business Komodo, which is the creator of the stock exchange, does not exclude that such an exchange will soon be possible also in fiat currency.

New among decentralized exchanges

DogeDEX is a complete novelty among decentralized exchanges. The platform is supported by AtomiDex and provides its users with the exclusive possession of the keys to portfoliowhich allows you to trade directly from it.

Various trades can be made via DogeDex kryptowalutach, such as Bitcoin, Litecoin or Ethereum. The platform is available in a computer and mobile application. In addition, it provides users with a choice of liquidity provider nodes. At the same time, the exchange provides the possibility of P2P exchange, which, according to the creators of the platform, soon, due to a special extension, may be possible in a fiat currency.

The record DOGE price achieved some time ago was 0,085, but it was not held for too long. It currently stands at around $ 0,05.

Komodo Aspirations

The DogeDEX exchange was created by the Komodo company, a provider of cryptographic solutions

open source. Thanks to a special transaction option called atomic swap, cryptocurrency can be exchanged directly with other users. This excludes the need to involve third parties such as centralized exchanges. An important feature of decentralized exchanges is also the non-transferable wallet option, thanks to which users can store their funds on the platform while being in their sole possession. As Komodo's technical director argues,

Kadan Stadelmann, decentralized exchanges and non-transferable wallets are just one of the many modern tools that the company provides to its users. He also added that it is constantly trying to make dogecoin gradually gain popularity.

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