IntentEX: The "Upgraded Version" of Traditional On-Chain Exchanges?
Hello everyone, today let's talk about the issues faced by traditional on-chain exchanges and a new platform called IntentEX, and how it addresses these problems.
Traditional on-chain exchanges, like the decentralized exchanges we are familiar with, are very secure, but sometimes they can be quite cumbersome to use. Issues such as insufficient liquidity, slow transaction speeds, and high fees cause headaches for users.
Insufficient liquidity means that when you want to buy or sell a certain coin, you might not find enough counterparties, making it difficult to complete transactions quickly. Slow transaction speeds are due to the characteristics of blockchain networks, as each transaction needs to wait for network confirmation, and sometimes this waiting time can be quite long. High fees are a result of the operational model of decentralized exchanges, which requires charging certain fees to maintain operations.
So, how does IntentEX solve these problems?
First of all, IntentEX provides liquidity across the entire market. Through its dappOS professional service nodes, users can easily capture institutional-level liquidity. This means that whether you want to buy or sell, you can quickly find counterparties, and the prices are particularly favorable.
Secondly, IntentEX's transaction speeds are super fast. It settles on opBNB, which has a high base execution speed. Additionally, with the dappOS OMS mechanism, sometimes the transaction confirmation speed can even exceed the block confirmation speed of public chains. This way, users can enjoy a trading experience close to that of centralized exchanges (CEX).
Finally, the fees at IntentEX are really low. Transactions settled on the high-speed, low-fee opBNB incur a trading fee of only 0.1%, which is more than three times lower than most on-chain exchanges.
Of course, IntentEX is still decentralized, and all transactions are publicly recorded on-chain, ensuring the security and transparency of transactions.
In summary, compared to traditional on-chain exchanges, IntentEX has made significant improvements in liquidity, transaction speed, and fees. If you are also a blockchain trader, why not give this new platform a try to see if it can provide you with a better trading experience!