How does 0xTrade Finance guarantee 100% security on Cross Chain CEX?
A bullet proof 0xTrade DEX
Your private keys is must for SAFU funds.
It is generally knowledge that customers favour Centralized Exchanges due to their convenience for holding assets, trading, and cashing out.
However, there have been several examples of people losing their money or having their accounts stopped (and losing access to their assets) in CEXs, with more than a billion dollars lost on CEX closures in the previous year.
Why?
There are several explanations.
If consumers store assets in centralised exchanges, their assets are always under the control of the centralised exchanges. We have witnessed so many exchange exit frauds throughout time. They essentially fled with all of the assets of the users. Remember that when you store your assets on a centralised exchange, even if you own the private key, the assets are not under your control.
In 0xTrade, the assets are always located at your address and stay in your possession. We accept DeFI not for the sake of decentralisation, but for the protection of the users’ assets.
When trading on controlled exchanges, you may have witnessed price pumping and dumping. Occasionally, they even suspend trade.
Or, even worse, you may observe that the number of tokens sold exceeds the overall supply, as these are only statistics in the databases of controlled exchanges. Intentional pumping and dumping causes margin trade to be liquidated forcibly. In our opinion, this is completely inappropriate in a free market. Particularly in derivatives trading.
0xTrade DEX (futures & options) with Cross Chain CEX is the way to prevent all of these inequities and issues.
All 0xTrade trade transactions take place on public blockchains.
nil downtime. All transactions are actual transactions. Not only fictitious figures for bids and asks.
Sometimes, users utilise bridges or exchanges to handle cross-chain transactions. Surely you’ve heard of the flash loan assault on smart contracts and, more recently, on AnySwap.
0xTrade, however, has created the cross-chain liquidity bridging solution using innovative technology. This algorithm is based on the work of four prominent cryptographers. Therefore, our security is ensured by strong, unchangeable mathematics.
The DEX earn function is the most secure method of earning available on the market today.
Why?
Because, unlike any other APY service, you get to keep your funds in your wallet and retain complete ownership rights.
On the opposite end of the spectrum are regular deposits, in which you transfer custody and ownership rights to a distinct company.
Cool, yes?
If you want to genuinely be secure in a world where safety is seldom (almost never) guaranteed, you should join 0xTrade and help us lead the road towards true decentralisation, freedom, and a new level of safety.
Social Handles And Important Links to keep you updated :
Telegram Group: https://t.me/OXTRADEoffcial
Twitter: https://twitter.com/0xTradeToken
Medium: https://0xtrade.medium.com
Website: https://0xtrade.finance
