Decentralized exchanges (DEXs) allow users to transfer crypto assets to a larger number of people.
One platform is trying to facilitate access to cryptocurrency trading with the help of artificial intelligence. Today, new users need to be familiar with the markets and assets they wish to trade, which makes it difficult for them to get started.
The decentralized Soldex exchange removes these barriers by giving traders the ability to use user-developed AI-powered trading algorithms.
Apart from the innovative AI-powered trading opportunities, Soldex offers many additional features compared to the rest of the DEXs. Since it was originally built on the Solana blockchain, it solves many infrastructure problems that appear in legacy systems. It is relatively fast and cheap to use compared to everything built on Ethereum (ETH).
To remain decentralized, the back-end infrastructure consists of smart contracts and the use of Oracle.
Over the past decade, exchanges have continued to evolve to keep pace with the evolution of the cryptocurrency market. The Soldex team shares on its platform “You can make transactions in real time, easily deposit deposits with exchange wallets and make quick exchanges. It also allows investors to participate in corporate governance and stimulate liquidity. The latter means that users can block their money for a certain period and get interest on investments.” ”
Use artificial intelligence
In general, trading financial assets is a complex task filled with mixed feelings from people. Unfortunately, emotional trading is one of the biggest mistakes people make. To eliminate the potential for emotions to influence commerce, AI can eliminate the feelings and moods of real people and make difficult decisions when they arise.
Soldex’s goal is to use a neural network algorithm to work under all market conditions. The algorithm will be able to analyze market data, predict risks, and buy and sell assets on behalf of the user. As an automated trading package, it will collect expert data and continue to develop its own learning opportunities.
More information about SOLDEX
“Artificial intelligence will be so advanced that users can” create and market their own trading strategies, says John Robertson, CEO of Soldex. ”
Offering AI trading in a decentralized format could have a huge impact on the way people view cryptocurrencies. Access to the platform is also completely denied, so anyone, regardless of location, can offer liquidity, exchange or start betting without a Know Your Customer (KYC) requirement.
By looking at their roadmap, users can anticipate SOLX listing on major exchanges, future collaborations with the Solana Foundation and AI courses from the global academy. This course will help explain Solana and DeFi to anyone new to technology, introduce them to new knowledge and help build an impactful community.
The platform is in the process of conducting a private sale of 30% of its tokens, which is open to retailers and venture capitalists. SOLX will later become publicly available to users, giving them access to control rights, AI bot feeds, and quotes. Nowadays, the Soldex community has grown to over 14,000 members.