With the rapid development of blockchain technology, decentralized exchanges (DEX) have become an important channel for digital asset transactions. However, traditional DEX has many shortcomings in terms of liquidity, transaction speed, and handling fees. To this end, intentEX came into being. With its innovative design concept, it provides users with a trading platform with full market liquidity, extremely fast transactions, low handling fees, and decentralization.
2. IntentEX Principles and Core Advantages
1. Principle Overview
The core principle of intentEX is to convert the user's limit order into an intent task, which is executed through professional service nodes in the dappOS intent execution network. This design enables intentEX to achieve a comprehensive improvement in transaction speed and liquidity while maintaining its decentralized characteristics.
2. Core advantages
(1) Institutional-level full-market liquidity
intentEX's professional service nodes are located in major CEX and DEX, which can capture the best prices in the entire market in real time and provide users with institutional-level liquidity. Compared with traditional DEX, intentEX has significant advantages in liquidity, ensuring that user orders can be completed quickly.
(2) Extremely fast transaction
Thanks to the efficient operation of the dappOS intent execution network, the transaction speed of intentEX far exceeds the block speed of the public chain. Users can complete signature confirmation within 500 milliseconds for transactions on intentEX, enjoying a trading experience close to that of centralized exchanges.
(3) Low transaction fees
By optimizing the transaction process, intentEX reduces the handling fee to 0.1%, which is much lower than most on-chain exchanges. This advantage makes intentEX the preferred platform for users to trade digital assets.
(4) Decentralization and transparency
All transactions are publicly recorded on the chain, ensuring the security and transparency of intentEX. The decentralized service node network ensures the reliable execution of orders and provides users with a stable and reliable trading experience.
3. Detailed explanation of intentEX transaction process
1. Release the intent task
When a user posts a limit order on intentEX, it is equivalent to posting an intent task in the dappOS intent execution network. The matching node will assign the task to the service node with the strongest overall competitiveness.
2. On-chain order processing
After receiving the intent task, the service node will complete the order processing in the following three steps:
(1) Internal Transaction: Matching orders in the intentEX order book are directly matched and traded.
(2) Exclusive Node Transaction: The number of orders that the service node promises to help users complete. If the internal transaction stage is not completed, the service node must complete the transaction on its own.
(3) Open pending orders: The remaining orders are posted to the intentEX market for other users to trade.