DECENT, an international blockchain technology firm, has announced the launch of a new crypto management and safety service, named DECENT Crypto Services (DCS).
The newfangled service plans on tackling all deep-rooted issues connected to financial and time strains associated with listing coins and tokens on crypto exchanges, liquidity concerns on markets and lackluster security pertinent to digital wallets.
DCS appeals to its customers by providing three types of propitious services: Universal API, Market Making and Wallet Security & Management.
Universal API for Easy Cryptocurrency Implementation
The central service offered by DCS concentrates on managing and listing coins and tokens created on any blockchain on numerous exchanges through a secure, unified “hub,” called an application programming interface (API).
Having accumulated expertise with cryptocurrencies since DECENT’s establishment in 2015, the DCS team affirms that implementing new cryptocurrencies on an exchange can be a bothersome process — consuming up to six months of development and approximately $50,000 USD on average to list just one desired coin. DCS explains its new service can mitigate the listing process through a single, cost-effective implementation of its custom AP I—safeguarding and benefiting clients’ digital assets in the process.
By using this dedicated service, customers have the ability to create wallets, perform transactions, receive notifications from all relevant blockchains and choose from a variety of customizable features.
From a safety standpoint, users’ holdings are shielded by advanced blockchain security features, instantly sending out a notification in case of a security incident and giving the users an option to block either their wallet or a particular asset. In addition to said security perks, users are equipped with encrypted communication, complete transparency for audit purposes and guaranteed server availability thanks to a mutual “SLA” agreement.
Marketing Making for Increased Liquidity
Furthermore, DCS offers absolute order book healthiness assurance and liquidity management for new and existing coins. Liquidity, used in crypto-market terms, is a feature which assures coins and tokens can be converted to fiat or other coins without loss to their intrinsic value.
DCS’ out-of-the-box solution offers both “shared” and “increased” liquidity services, each guaranteeing increased resilience to market disruption and manipulation, with connection to more than 25 exchanges DCS works in close cooperation with.
In addition, DCS’ Market Making service also provides a reduced bid-ask spread and helps decrease the risk for investors looking to trade new coins.
Digital Custody for Wallet Security
The final service offered concerns protecting digital wallets and assets with enterprise-level, configurable hardware security modules, with all data backed up in one of Europe’s safest data centers—a former military bunker in the Swiss Alps.
DCS ensures absolute protection without any need to disclose private keys, acting as an infrastructure for managing physical and digital private keys while providing the users with various customization options, such as choosing individual or role-based access.
According to the information on the service’s website, the protection method used is comparable to industry-standard hardware utilized by Swiss banks, while all digital assets are insured against hardware failures up to 400 million Swiss Francs. To ensure complete compliance for all operations and transactions along with financial statements, DCS utilizes a Service Organization Report (SOC 1 Type 2).
Among the currently supported cryptocurrencies are DCT, Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash (ABC & SV), Stellar, Cardano, Dash, IOTA, Ethereum Classic, Dogecoin, Feathercoin, and all ERC20 tokens. Support for other cryptocurrencies can be added upon request.
Customizable Options upon Request
“Listing your own coin on an exchange requires a lot of effort these days, eating up ridiculous amounts of money and time,” asserts Matej Michalko, CEO and Founder of DECENT. “Everyone wants to keep their assets protected. Whether it’s time, money or security-related concerns, DCS provides a more economical and efficient alternative for businesses and individuals alike,” adds Michalko.
Since launch, DCS has already managed to gain the support of several big exchanges which the service works in close cooperation with and plans to gradually expand on partnership opportunities with other exchanges.
