Read on Twitter
1/ Coinbase states DEXs pose a serious threat to centralized exchanges
TomoX lets anyone launch a DEX in minutes but does it meet their criteria?
DEX Strengths:
- Safe: TomoX Users are always in control of their funds
- Global/permissionless: Anyone can trade on TomoX DEXs https://twitter.com/coinbase/status/1260707870527668231
TomoX lets anyone launch a DEX in minutes but does it meet their criteria?
DEX Strengths:
- Safe: TomoX Users are always in control of their funds
- Global/permissionless: Anyone can trade on TomoX DEXs
https://twitter.com/coinbase/status/1260707870527668231
2/ DEX Strengths (cont):
- Ease of use/pseudonymous: TomoX Log in via user wallet. No email/pw
- Liquidity: Liquidity is a shared resource across all TomoX DEXs with potential to grow rapidly
Coinbase also states DEXs struggle in a number of key areas. How about TomoX?
- Ease of use/pseudonymous: TomoX Log in via user wallet. No email/pw
- Liquidity: Liquidity is a shared resource across all TomoX DEXs with potential to grow rapidly
Coinbase also states DEXs struggle in a number of key areas. How about TomoX?
3/ DEX Weaknesses:
- User experience: TomoX DEX trading experience & performance are similar to Centralized Exchanges. Wallet-based login is simpler & more secure than legacy email/pw
- Speed & scale: TomoX DEXs operate at 2000 TPS. No Lag. No waiting. Near-instant trades.
- User experience: TomoX DEX trading experience & performance are similar to Centralized Exchanges. Wallet-based login is simpler & more secure than legacy email/pw
- Speed & scale: TomoX DEXs operate at 2000 TPS. No Lag. No waiting. Near-instant trades.
4/ DEX Weaknesses (cont):
- Limited trading pairs: TomoBridge supports BTC, ETH, USDT & soon more non-TomoChain native tokens
- Limited feature parity: New TomoX features are already being rapidly developed for the months ahead with appropriate security audits
- Limited trading pairs: TomoBridge supports BTC, ETH, USDT & soon more non-TomoChain native tokens
- Limited feature parity: New TomoX features are already being rapidly developed for the months ahead with appropriate security audits
5/ DEX Weaknesses (cont):
- Regulation: We advocate for regulatory compliance. However, TomoX DEXs are truly decentralized allowing for operator freedom
DEXs have a distance to match Centralized Exchanges but according to CoinBase's POV #TomoX is technically ahead of the pack
- Regulation: We advocate for regulatory compliance. However, TomoX DEXs are truly decentralized allowing for operator freedom
DEXs have a distance to match Centralized Exchanges but according to CoinBase's POV #TomoX is technically ahead of the pack
