It goes without saying that the advent of blockchain technology has had a disruptive effect on traditional finance (among other industries), with a further impact yet to come.
Its ingenuity lies within simplicity and efficiency, tackling some of the broader issues of existing solutions. However, that’s not to say that the nascent industry doesn’t have challenges of its own.
Many of the existing cryptocurrency solutions also suffer from slower payment remittance, certain inefficiencies when it comes to cross-border payments, high transaction fees, and so forth. All of the above call for solutions that would enable a P2P exchange of crypto and fiat while also garnering the benefits that are left on the table.
DIFX was created as a blockchain-based cryptocurrency exchange aimed at tackling some of the most pressing issues that a lot of competitors currently face.
What is DIFX?
DIFX is a blockchain-based cryptocurrency exchange that’s working on a hybrid model of both centralized and decentralized exchange, incorporating atomic swaps powered by blockchain technology.
It aims to deliver a platform that caters to both beginner and advanced traders, institutions, and investors, boasting a user-friendly interface taking advantage of the better of both the centralized and decentralized world.
Leveraging distributed ledger technology, DIFX aims to make the remittance services accessible while also adding value for more customers. It also aims to reduce settlement time and improve efficiency.
With this said, some of the challenges that it aims to tackle include, but are not limited to:
- Poor customer support services
- High trading fees
- Lack of security
- Lack of diversified portfolio options
To do so, DIFX takes a cohesive approach, introducing a range of benefits.
How Does DIFX Solve These Issues?
To tackle the challenges mentioned above, DIFX puts emphasis on different aspects of its customer journey.
Improved User Interface
DIFX introduces a highly intuitive and very user-friendly interface that makes going through the various features of the platform easy. It offers a single account with AI-based asset management tools alongside support features.
The exchange also has easy-to-follow explainer videos for most of its basic functionalities to help the onboarding process.
AI-Based Query Resolution Bots and Dedicated Support
Customer support is a critical part of the entire cryptocurrency trading experience. DIFX boasts a dedicated staff that will help traders throughout their journey and also has AI-based query resolution bots that are capable of answering every ticket raised immediately.
Dedicated Cloud Servers
This ensures lightning-fast response, low latency tickers, no lag when it comes to order execution, and zero redundancy. It marginalizes slippage and impact costs of large trading orders.
Token Vetting and Pre-Screening
The team pre-screens tokens before listing them on the exchange to ensure that dubious projects and sketchy tokens are left out.
Assurance of Price Uniformity
Using artificial intelligence, the team will interpolate the price of the top five exchanges and guarantee that there’s no lack of price uniformity. This is very important for DIFX as one of its revenue models is the technical analysis module.
DIFX is subjected to security audits that are aimed at eliminating front running and do away with any possibility of price manipulation or wash trading.
At the heart of all of the above is the DIFX utility token. It’s based on Ethereum’s ERC-20 protocol standard and serves as a medium of exchange, allowing holders to make payments and transfers quickly and transparently throughout the entire world. It also brings the following benefits to its holders:
- Leverage of 15x on all trades
- Discounts of up to 50% on trading fees
- Expected high yields from token investments
- Staking options
BLOCKCHAIN NEWS • crypto news