Key Points:
According to a press release, Dexalot customers will be able to trade on the Subnet after depositing and withdrawing funds via the company’s app on the Avalanche C-chain.
Without sacrificing decentralization and transparency, the Dexalot Subnet seeks to imitate the user experience of a CEX. Using the Avalanche Fuji test network, its team has spent months developing and perfecting its application to provide an on-chain central limit order book (CLOB) with minimal transaction fees and support for several spot trading pairs.
A crucial component of the dual-chain application is the Subnet. According to the company, cross-chain communication protocols will be used for general message transfer between the Mainnet and Subnet. This might lessen slippage in transaction execution and provide traders confidence without allowing them to give up control of their assets.
The co-founder and CTO, Cengiz Dincoglu, stated:
“By utilizing both the host chain and exchange chain, we have optimized Dexalot for speed, safety and above all, experience. We are looking forward to introducing DeFi traders to the Subnet on the Avalanche network, and to further differentiating our platform from other centralized and decentralized exchanges in the market.”
The DEX has announced that it will begin a new Incentive Program on the same date that it will launch its eagerly anticipated Subnet. Over the upcoming months, the Dexalot Incentive Program (DIP) will distribute up to 4.8 million ALOT tokens.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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