Introducing eMarketDEX

Ivan Fuego
emarket
Published in
3 min readApr 1, 2021

--

A chain agnostic DEX for trading digital assets and collectibles across multiple blockchains in a secure, decentralized manner.

Whitepaper and Tokenomics coming soon.

eMarketDEX is a decentralized trading protocol where users can buy and sell fungible and non-fungible tokens (NFTs) adhering to the ERC20, ERC721 and ERC1155 token standards. Based on Solidity smart contracts and using an off-chain order book, users are able to place buy and sell orders at predetermined prices and or execute existing orders at their current listed prices. The protocol will allow users to trade their digital assets and collectibles across multiple blockchains on a single intuitive interface by simply switching networks with the click of a button.

Solidity and EVM

Based on Solidity smart contracts, the protocol can function with any EVM compatible blockchain. The protocol is already deployed on several blockchains including Ethereum, Binance Smart Chain, Matic/Polygon, Avalanche, Fantom, GoChain and we’ll continue adding more as necessary. Additionally, we are building liquidity bridges that will allow users to cross their digital assets from chain to chain as we add them to the ecosystem.

Order Book vs AMM

While the current AMM model works great, it is sometimes a bit frustrating. An AMM will not work if you want to buy or sell at a certain price, that’s why we feel there is a need for the order book DEX. Instead of swapping at the current market rate, or staring at the screen watching the price move with each block confirmation, users can place buy and sell orders at their desired price and leave it for another user to execute, or execute an open order with the best price. We’ll call it the name your price DEX.

Redundant NFTs

Imagine being able to mint and own the same NFT with the same token ID across all blockchains. An NFT that cannot be cloned or copied to another blockchain because it already exists there. The NFT platform where you can view and trade all the NFTs you own regardless of what blockchain they exist on. Since your Ethereum wallet address is the same wallet address on every blockchain, then every NFT in that wallet will be visible on the same page. Creators can launch an NFT project and mirror it across all blockchains simultaneously.

Blockchain Agnosticism

We can’t call it a tridex or a quaddex, that would be too limited. This is blockchain agnosticism, a single platform that supports multiple different chains. If the technology exists let’s use it and make the best of it.

KYC’d and Audited

Who are these guys? We’re a small team of anonymous devs who have been in the crypto space since the early days of Bitcoin. We have volunteered for KYC and smart contract audits by Rug Detectives so users can rest assured funds are safu. View the: Audit Report.

Website | Twitter | Telegram | Reddit | Discord

--

--