QIDEX
Today Decentralized exchanges are one of the most popular topics in the cryptocurrency space. These are peer-to-peer marketplaces where cryptocurrency traders make transactions directly without handing over the management of their funds to an intermediary or custodian. These transactions are made through the use of self-executing agreements written in code called smart contracts.
But most decentralized exchanges are with high trade fees and these exchanges are asking for too much money for listing new tokens in their exchanges. So then here is the solution come to cover these problems and it’s called QIdex.
What is QIdex?
QIdex is the new decentralized exchange from QI Blockchain Ecosystem that is not having any middlemen or central authority. It’s fully 100% decentralized, which means every user of QIdex can trade directly with each other without having to go through a third party. It means full freedom for its users.
What makes QIdex Special Over Other Decentralized Exchanges?
Swapping/Trading
In QIdex users can trade their tokens in an instant. You don’t need to waste your time for an order to be filled. In their swap feature, users can convert their tokens into different currencies. This swap function is most helpful for users who want to trade in multiple currencies always.
Conditioning
0.3% commission in swap currency for liquidity providers over DEX
0.2% commission in swap currency for liquidity providers over DEX with 30000 QIE staked value.
The trading fee amount will be distributed among liquidity providers in proportion to how much the liquidity provider contributed to the pool.
1/6th of the trade fees goes to admin
Liquidity Pools
Briefly, Liquidity pools mean a digital pile of cryptocurrency locked in a smart contract and it helps for faster transactions. Liquidity pools are the lifeline to the DEXs. Without liquidity, DEXs are like a plant that trying to grow without water.
In QiDex providing liquidity will get you LP tokens and which will earn you rewards in the form of trading fees. But you must remember that you need to have 20000 QIE Staked for creating a liquidity pool in QIdex.
Stake
Simply staking is a way of earning rewards for holding specific cryptocurrency for a time period. In QIdex staking your QIE tokens will eligible you to create liquidity pools. It’s one of the best ways to help QIdex to stand out in the market and also a great way to earn more rewards. the more liquidity you provide more rewards you can grab.
Conditioning
The staking amount is locked for 365 days
Users need to stake 20000 QIE to be eligible to add liquidity on QIDEX
Users need to stake 30000 QIE for 1 year to be eligible for less trade fee.
Users’ total amount will be checked in the Dex contract.
Token Creator
This is the most unique and killer feature of the QIdex. Anyone can create their own token with QIdex with a simple button click with their QI Token factory templates. Then your token will be shown favourably in the QI minter module and bypass the need for an audit on the token contract itself. There will be no condition for minting or creating your token, and also the users can simply select the type of token they wish to create with their required functionalities.
Now you guys think if anyone can create a token with this kind of simple and scam people’s money easily. Yes, you are right that is another problem for the solution QI Dex provides anyone can query our token mint factory with your token address to see if your new token is a valid, safe, and QIE20-compliant token.
Token Specs
No mint function
No owner/admin functions
No unsafe code in the token contract itself
Fully QIE20 compliant
Fully decentralised
QIDEX Factory
QIdex Factory is a smart contract that allows you to create QIdex liquidity pair contracts. With this factory, you can add liquidity to any QIE20 token that has an active pair.
QIDEX Router
The router defines how trades are being carried over different pair contracts (pools) — how many hops, which tokens, etc. but cannot change the core logic — only how trades are routed.QIdex Router is the primary “back-end” for the QIdex interface, allowing for the trading of QIE20 tokens as well as the addition and removal of liquidity.
How to Trade In QIDEX
To start trades in QIdex you need to follow these simple 7 steps. let’s see what are these steps you need to consider.
Step 1: Go to QIDEX Website
Step 2: Click Unlock Wallet to unlock your QI-compatible (Metamask) wallet.
Once you do that, you’ll be able to access all of your QIE coins and use them for whatever purpose you see fit. Whether you’re looking to trade, stake, or simply hold onto your QIE, an unlocked wallet is essential. So go ahead and click that button to get started!
Step 3: From the dropdown menu in the “From” area, select the token you wish to trade. The QI setting is the default.
Step 4: In the “To” area, as mentioned before, select the token you wish to trade to. Next, enter a dollar amount by clicking inside the input box and typing it.
Step 5: After reviewing the information, click the Swap option.
Step 6: A window with additional information will open. Verify the accuracy of the details.
Step 7: Your Swapping is Successful.
Conclusion
Most crypto exchanges usually charge High trading fees of 2%+
and changes like kucoin even charge coins to list an upfront setup fee of 200 000 US Dollars on average for a trading pair.
QIdex is a decentralized exchange and user-friendly token launcher that protocol facilitates automated transactions between cryptocurrency
tokens on the QI blockchain to create liquidity for tokens without third
parties.QIdex doesn’t charge any listing fees for new tokens and has very low trading fees compared to other decentralized exchanges right now.
So these killer features will help QIdex to win the competition of decentralized exchanges. If you would like to keep in touch with all the updates about QIdex you can follow the below official platforms of QIdex.
Connect with Qidex in social media:
Website:- https://qidex.site/#/
Twitter:- https://twitter.com/dex_qi
Telegram:- https://t.me/HovRonQiblockchain
Facebook:- https://www.facebook.com/profile.php?id=100087150605472
Instagram:- https://www.instagram.com/qidex.site/
Bitcointalk Username: DuratuAnnasihah
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3473767
Gmail: jiangchunyisuanwan@gmail.com
Wallet Address: 0x2e9bF8cB36529b29625Fe6df9834e66Be76bF312
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