dappOS launches spot trading function
Based on its intention layer technology, dappOS@dappOS_com realizes spot trading function, providing a convenient and efficient trading experience comparable to CEX. The operation is simpler and the efficiency is more outstanding, unlocking a new Web3 trading method for users!
Project Background:
dappOS launches intentEX to optimize on-chain trading experience
In the current market boom, on-chain exchanges generally face problems such as dispersed liquidity, slow transaction speed, and high handling fees. dappOS's intentEX platform (https://portal.dappos.com/trade)
By aggregating the liquidity of the entire market, reducing costs, improving efficiency, and helping users easily realize their trading intentions! By aggregating the liquidity of the entire market, reducing costs, improving efficiency, and helping users easily realize their trading intentions!
The principle of intentEX:
intentEX regards user limit orders as intent tasks, and delegates transactions to nodes through the dappOS intent execution network, supporting completion on any chain.
This mechanism integrates the liquidity advantages of CEX and DEX, providing users with faster transaction speeds and lower fees, while greatly improving the experience and efficiency of on-chain transactions.
On-chain order processing mechanism: three steps to optimize user experience
1. Internal transaction
The order first searches for a matching order in the intentEX order book and directly matches the transaction.
2. Exclusive transaction at the node
Unfulfilled orders will be processed exclusively by service nodes within a limited time.
If the node fails to complete the promised order, it will face liquidation.
Nodes can also process additional orders to improve efficiency.
3. Open pending orders
The remaining orders are posted on the intentEX market for other users to trade.
4. Node incentive mechanism
Nodes with slow execution speed or few completed orders will have their competition weight reduced and their chances of receiving orders will be reduced.
This mechanism incentivizes nodes to complete user orders more efficiently and comprehensively.
IntentEX core advantages:
1. Institutional-level full-market liquidity
Professional service nodes match the best prices in CEX and DEX in real time to ensure that orders are executed quickly.
Hybrid liquidity capture: Combining on-chain and off-chain liquidity to provide better prices and efficiency than pure on-chain designs (such as routers).
Unique OMS mechanism: Nodes do not need to occupy a large amount of funds or pledge, support simultaneous completion of multiple tasks, reduce operating costs and improve efficiency.
2. Extremely fast execution speed
Leveraging full platform liquidity and the service nodes of the dappOS Intent Execution Network, order processing speeds are as fast as 500 milliseconds.
The block generation speed is higher than that of the public chain, providing users with a smooth experience close to that of centralized exchanges.
3. Ultra-low handling fees
The transaction fee is as low as 0.1%, which is much lower than the fees of most on-chain exchanges, making it a cost-effective choice for users.
4. Decentralization and transparency
All transactions are publicly recorded on the chain to ensure transparency and credibility.
High reliability: The decentralized mechanism ensures smooth connection and continuous completion of transactions when a node fails.
intentEX: It has the experience of CEX and the security and openness of DeFi, making it the best choice for on-chain transactions!
Project summary:
IntentEX is a transaction intention product created by dappOS for users in the process of building the Web3 intent layer. It carries the new mission of dappOS after the operation intention and asset intention, and comprehensively improves the user's on-chain transaction experience by integrating the full market liquidity, efficient execution network and transparent on-chain records.
#dappOS launches spot trading based on its intent network#BinanceWeb3Wallet$dappOS