What is PEX (Privacy-EX)?
PEX is a private transaction, which refers to a transaction method that protects the identity of participants, transaction amount and transaction details when conducting transactions. In traditional financial systems, many transactions can be tracked and monitored, leading to exposure of the privacy of participants. The goal of private transactions is to protect the privacy and security of transactions by using specific encryption techniques and protocols.
Privacy exchanges have become the most promising development track
As we all know, the Internet has no privacy protection, and the Internet sends netizens into a see-through panorama prison. The privacy of cryptocurrency transactions represented by Bitcoin is limited to "non-real name", that is, it is impossible for everyone to know who is behind a certain currency holding address. Blockchain privacy protection has become an urgent need in the market. Coinbase CEO Brian Armstrong said: A salable, sufficiently decentralized blockchain (privacy token) that supports private transactions by default will change the rules of the game. Data statistics also show that privacy protection has become the most promising business sector in the blockchain industry. Among the top 25 projects in terms of market value, privacy projects account for as much as 12%; there are more than 4 projects with a market value of more than 100 million US dollars.
Based on the above analysis, we found that: privacy protection has become an urgent need in the market, existing privacy projects cannot meet user needs, and privacy exchanges have become the most promising development track. A high-performance and highly scalable privacy exchange that can provide on-chain privacy protection, support smart contracts, and support the issuance of privacy tokens is on the horizon. Yes, the FELT privacy exchange is here!
What is FELT?
FELT is a Web3.0 digital asset exchange incubated and developed by the official gold and commodity futures exchange DGCX, which has obtained the financial license of DMCC in the Dubai Free Trade Zone. Mode PEX (Privacy-EX).
As a government agency in Dubai, it connects more than 23,000 businesses with world-class services, state-of-the-art infrastructure and a vibrant community, giving them the drive they need to grow and succeed. With the rise of WEB3, in order to help DMCC become the world's leading free zone, DGCX entered WEB3, aiming to help users ensure asset security while easily participating in the entire ecology including transactions, development, contracts, DeFi, NFT, GameFi, Metaverse, etc. Encrypted financial transaction experience.
In 2021, FELT began preparations. After three rounds of angel financing, it received 20 million investment funds from institutions such as Nirvana Capital, Spartan Group, and Pantera Capital. FELT's mission is to provide users with a privacy-first trading experience, enabling them to trade digital assets freely and anonymously, free from third-party surveillance and interference; the vision is to build the new exchange model PEX (Privacy-EX) into a future encryption A brand new trend in the currency trading market. Backed by a strong technical team in Silicon Valley, USA, after several rounds of testing, FELT has made final preparations and will be launched soon!
Fusion of DEX and CEX
The field of digital asset trading has been facing different limitations of traditional centralized exchanges (CEX) and decentralized exchanges (DEX). The one-stop trading platform of FELT will integrate the advantages of the two, break through the shackles of traditional transactions, and provide users with a more flexible, secure and comprehensive digital asset trading experience.
Achieving Privacy First, Digital Freedom
The FELT platform pays attention to user privacy protection. Through anonymous transactions and smart contract technology, users do not need to disclose personal identity information during the transaction process, and privacy is paramount. Users can log in directly through the wallet to control their own digital assets without the supervision and risks of centralized exchanges. The trading interface is simple and smooth, providing the ultimate user experience.
Security guarantee, comprehensive link to DeFi
Integrating the advantages of DEX and CEX, the FELT platform provides multi-chain support, allowing users to link to a wider range of DeFi projects and ecosystems. Users can participate in liquidity mining, lending, and staking on one platform, thereby enjoying unlimited opportunities for fully linking DeFi.
The advantage of decentralization opens a new era of digital economy
The decentralized features of the FELT platform guarantee the security of user assets, allowing users to always have their own private keys and control rights during the transaction process. At the same time, through open and transparent transaction data, users can keep abreast of market conditions and transaction trends, and enjoy a new experience in the digital economy.
The recruitment of FELT global nodes is about to start. In the future, let us witness the development of a prosperous privacy industry ecology.