VEROX
  • Welcome
  • Intro
    • What is Verox?
    • The Verox Mission
    • Verox Roadmap
    • Where to buy Verox
  • VeroxAI App
    • What is the VeroxAI App
    • VeroxAI Coin Analyzer
  • Verox DEX
    • Verox DEX
  • VRX Token
    • Verox Token
  • Verox Staking
    • What is VRX Staking
    • How to stake VRX
  • Team & Partnerships
    • Verox Team
    • Verox Partners
  • Verox NFT
    • Verox NFT
Powered by GitBook
On this page
  • What is a layer-2 network, and why is it important for a DEX?
  • Not your keys, not your coins
  • Order-book based trading
  • Available Assets
  • Verox AI Integration
  • Automated Market Maker & Liquidity Provider

Was this helpful?

  1. Verox DEX

Verox DEX

PreviousVeroxAI Coin AnalyzerNextVerox Token

Last updated 3 years ago

Was this helpful?

The Verox DEX is currently in heavy active development. Keep this page bookmarked for the release date, as well as tutorials and guides for how to use the Verox DEX.

View the Verox DEX

The Verox DEX is an orderbook based decentralized exchange, built on the Layer-2 network.

What is a layer-2 network, and why is it important for a DEX?

Today, cryptocurrencies suffer from high transaction fees. Layer-2 technologies solve the transaction fee problem by moving transactions to a layer that sits above the blockchain.

This allows for instant transactions, more throughput, lower fees, and scaling to global mass adoption. Layer-2 technologies are currently the industry standard protocol for scaling cryptocurrency to mass adoption.

Not your keys, not your coins

The Verox DEX is a non-custodial decentralized exchange. This means users retain control of all times over their private keys. This prevents users from losing funds due to exchange hacks.

Order-book based trading

The two main types of exchanges are orderbook and swap. Verox DEX is order-book based. This allows users to make complex order-types and post their order to the order book.

An example of a swap-based exchange is Uniswap. With swap-based exchanges, users select which coins they want to swap, and the software determines the price. This limits the amount of control and flexibility users have over their trading.

With orderbook based exchanges, users can select the price they are willing to pay, and the type of order they want to submit to the market.

The types of orders on Verox DEX are:

  • Stop Limit Order

  • Stop Loss Limit Order

  • Take Profit Limit Order

  • Close Limit Order

  • Cancel Order

  • Cancel and Modify Order

Available Assets

The Verox DEX is a one-stop-shop for trading. All assets across various markets will be available for trading. No longer will traders have to utilize multiple exchanges to get their orders filled.

Verox DEX will list assets such as Cryptocurrencies, Commodities, Stocks, and Derivatives.

Verox AI Integration

Users of the Verox DEX can integrate with the VeroxAI App. This will allows traders to run the VeroxAI automated trading bot directly on the exchange.

Automated Market Maker & Liquidity Provider

Liquidity is the cornerstone of every healthy market. Since the Verox DEX will list synthetic assets across cryptocurrencies, stocks, commodities, and derivatives, there is a need for adequate liquidity on the platform.

To achieve this, the Verox team is developing a state-of-the-art automated market maker to run on the DEX. Users can provide liquidity and receive a portion of the fee's as a reward.

business plan
Polygon