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LATOKEN launches new decentralized exchange in beta

LATOKEN launches new decentralized exchange in beta

LATOKEN, a crypto exchange for blockchain assets and tokens, today announced the company has released a beta version of LADEX — an open source, fully decentralized peer-to-peer exchange. LADEX aims to eliminate the custody problem in asset trading, making it as fast and convenient as its centralized exchange.

LADEX reports to use 90K GAS per trade, allowing for increased TPS, and there is no KYC to pass for using the DEX. According to its roadmap, GAS price will be reduced to 60K per transaction within the next six months.

LADEX will charge only 0.1% per trade for transactions over $50 from maker and taker. LADEX’s smart contract was built to guarantee that any user can get funds in 24 blocks (5–6 minutes approximately).

Future developments

“There are great plans in place for the development of LADEX. During this period, algorithmic trading will also be enabled within LADEX. There is more. LADEX 2.0 will be free of exchange commissions and the TPS rate is expected to reach 1000.”

The LATOKEN Team
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