Categories: EducationFAQ

What Is Tokens Exchange?

There is plenty of potential for better cryptocurrency exchanges. Most of the current trading platforms are far from optimal, and it seems Tokens aims to make a positive impact in this regard. The team is working on building a superior cryptocurrency exchange with Dynamic Trading Rights.

The Purpose of Tokens

Unlike centralized exchanges, Tokens aims to provide a “next-generation cryptocurrency trading platform” to the masses. Moreover, the team wants to introduce Dynamic Trading Rights to provide a trustworthy, transparent, safe, and reliable place to exchange ERC20 tokens. It has become evident that the demand for ERC20 tokens is greater than ever, which means users will be looking for more ways to exchange said tokens.

How Does it all Work?

Simply providing a new trading platform for ERC20 tokens is not all that noteworthy these days, for obvious reasons. Tokens will set itself apart in this regard by introducing DTR Voice. Community members who hold Dynamic Trading Rights tokens will be consulted regarding the future direction for this trading platform and additional pair listings. Considering that the exchange wants to support as many currencies as possible, the feedback from community members may prove invaluable in the long run.

There is some explaining to do as far as the Dynamic Trading Rights token is concerned. The development of Tokens will be funded by selling vouchers for these tokens to ICO backers. Every voucher represents a future trading right, which is known as the Dynamic Trading Rights token. With this token, users can make trades on the Tokens platform regardless of which currency pair they want to use. The amount of trading to be funded with one token will be dynamic at all times.

Related Post

Interestingly enough, there is no requirement to own any DTR in advance to make use of the Tokens platform. However, those who hold DTR tokens will be in a better position to complete market trades. That’s because DTR holders will be charged at the best ask price, whereas non-DTR holders will be charged a fee in the currency they are trading in.

But wait, there’s more

It is also worth noting that the Tokens team will burn DTR tokens used for trading to reduce the overall supply of its native asset. This “burn phase” will occur on a regular basis through a smart contract which automates the process. As such, anyone in the world can access the Tokens platform, but there is no real need to ever own any DTR tokens unless you are interested in the reduced trading fees and whatnot.

The Road Ahead for Tokens

According to the Tokens roadmap, we will see a private beta launch of this new trading platform in early April. A beta for the mobile app is scheduled for June, with the platform going public in July of this year. Later this year, we will see the public launch of the mobile app. Everything beyond then remains unannounced at this point.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

3 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

4 hours ago

IntelMarkets (INTL) Receives Massive Demand From Chainlink And SUI Investors Looking To Position For The Best Bull Run Gains

As the cryptocurrency market gears up for a bull run, IntelMarkets (INTL) is attracting significant…

4 hours ago

FOMO Selling Trigger $1 Billion Liquidations as LINK & SOL Bleed Heavily; What to Do Next?

In the past, Chainlink (LINK) and Solana (SOL) have been among the most discussed altcoins…

9 hours ago

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

15 hours ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

21 hours ago