Why I Like Newdex, a Decentralized Exchange
In one short year of the EOS blockchain, one decentralized exchange stands out from the rest, Newdex.
I’ve been watching and analyzing why I think Newdex is the best EOS and TRON decentralized exchange and it has to do with transparency, consistency and dedication to its users. If you’ve been noticing, Newdex is constantly adding new features, new solutions and new innovation to the decentralized exchange model. If you don’t know what the difference between a centralized and decentralized exchange, let me explain a bit.
Newdex is a decentralized exchange which means they have no control over your funds or your private keys.
At a time when exchanges are frequently hacked or experience data breaches, decentralized exchanges like Newdex have some serious advantages over their centralized counterparts. Decentralized exchanges don’t hold users’ funds. Instead, they use smart contracts. For this reason, Newdex doesn’t hold your personal data in any servers. They simply don’t have any of your information, so no data breach is even possible. This fact alone makes the value of Newdex high in my opinion. Newdex, like most decentralized exchanges have decided to leave the issues of private keys and security up to the individual’s wallets.
I decided to apply to become a Newdex Influencer because I believe in the mission of Newdex and I like their dedication to decentralization. As an Influencer, I try to bring unique value to Newdex and one of the ways I do this is through Twitter contests. Today I announced the 5 winners of my latest Twitter campaign, with each person winning 20,000 NDX. This was to celebrate me becoming a Newdex Influencer.
Check out the winners below: