Getting to Know ETX Exchange
A decentralized exchange is a cryptocurrency exchange that allows peer-to-peer transactions directly from your digital wallet without going through an intermediary. Examples of DEXs include Uniswap, PancakeSwap, dYdX, and Kyber.A decentralized exchange relies on smart contracts, self-executing pieces of code on a blockchain. These smart contracts allow for more privacy and less slippage (another term for transaction costs) than a centralized cryptocurrency exchange. The Etx exchange will allow users to swap and exchange their tokens and NFTs within the ETX infinity ecosystem. The ETX exchange is a decentralized exchange which will be on the ETX blockchain network and will allow users in the ecosystem to swap, provide liquidity for their fan tokens, stake and buy their favorite NFTS.
The ETX exchange will allow all users within the ETX Blockchain to swap their tokens with other tokens on the Blockchain. The swap system will allow users to buy their favorite NFT tokens using ETX based tokens. All swapping and exchange fees will be in ETX tokens. In addition there will be no legal restrictions for users to swap their tokens or NFTS on the ETX exchange since it’s a decentralized platform.
Sport clubs will be able to add or remove Liquidity on the ETX exchange for their tokens to trade in a secure and easy way. There will also be an option to lock the Liquidity on the exchange and this will allow users to have more trust on the token that they want to buy.
An NFT marketplace is a blockchain-based online platform to sell and buy non-fungible tokens (NFTs). Despite the short-term fluctuations in the quickly developing NFT field, the global NFT market is expected to grow from $3.0 billion in 2022 to $13.6 billion by 2027. The NFT marketplace will connect Sport clubs and stars with their fans allowing all users to buy or sell their NFTs to other users. Stars and sport clubs will be able to showcase their NFTs on the ETX exchange for their fans to purchase and users and fans will be able to resell their NFTs on the ETX marketplace. The NFT marketplace will be available within the ETX exchange
Staking & Farms
Staking and farming allows asset holders to earn tokens by offering their assets in a staking pool or farm. There will be staking and farming features within the ETX exchange which will allow users to earn tokens by offering their NFT assets or tokens. These features will be available on the ETX exchange which will be available on web, google play store or apple store as a decentralized application.