Komodo Platform, a blockchain technology ecosystem is ready to launch a new user-friendly interface for BartexDEX, its decentralized exchange system. The soft launch is currently scheduled for May 21st. Komodo’s BarterDEX supports over 95% of all tokens and coins in existence through their atomic swap technology.
With BarterDEX, users no longer have to give up control of their funds when trading. A decentralized exchange means you keep control of your private keys. Further, a DEX reduces transaction fees and eliminates the need for more than one transaction when exchanging coins (i.e. an ERC20 token can be swapped directly for a BTC coin).
Tokens listed on BarterDEX are paired with the Komodo Platform Agama wallet so projects can have their token supported by a multi-coin wallet without relying on a centralized third party. The new tokens can be stored instantly.
Earlier this month, Komodo made history when the world’s first decentralized ICO (dICO), Blocnation was launched on May 3, 2018. This was a major milestone and was swiftly followed by a second community-driven dICO, Utrum, on May 10th. The engine of Komodo’s decentralized exchange, BarterDEX, is demonstrably functional. The tech has been proven to the public and the number of barriers to blockchain crowdfunding has been reduced.
Komodo Platform possesses a number of distinct technologies, including a decentralised ICO platform that allows projects to crowdfund without third-party involvement; an advanced, atomic-swap-powered decentralized exchange (BarterDEX); a privacy coin that offers holders the opportunity to earn 5.1% rewards annually; the innovative delayed Proof of Work (dPoW) consensus mechanism, which protects blockchains with the power of the BTC hashrate.
