That’s a pity considering what the Automated Market Maker (AMM) model of new decentralized exchange platforms has accomplished in solving liquidity issues in the DEX space.
Because of such a loophole, a huge chunk of the market is missing out on the larger user base and pool of liquidity.
So, the question is, how to bridge this gap so the entire market would benefit?
The answer? ENEX.SPACE.
ENEX.SPACE is a decentralized finance (DeFi) platform built by Trinity Lab and powered by Enecuum Blockchain Network and Tabula Protocol.
ENEX.SPACE is expected to link together Ethereum (ETH), Binance Smart Chain, Polkadot, Fusion, and other blockchains and allow users to trade, earn, issue, and raise on a single platform with a lower fee structure.
Ennecum, the network behind ENEX.SPACE integrates mobile and desktop device users into a blockchain network for fast, decentralized, and low-cost applications in its aim to bring cryptocurrency into the mainstream.
The DeFi platform utilizes its native token ENX to represent overall liquidity on the AMM Decentralized Exchange (DEX) and facilitate trading operations.
The use of traditional Uniswap-like AMM DEXes causes you to make what is called an “approved” operation. Confirming it by default means you allow DEX smart contract to manage all amounts of approved tokens.
At first glance, this looks like an advantage, as you let the system do the work for you.
The question about trust and security comes to mind. Actually, by allowing the system to take over, a security issue is presented. And that goes against one of the main principles that govern cryptocurrency – the exclusive control of digital assets by the crypto holder.
With Ennecum network, there’s no “approval” to worry about as opposed to Ethereum (ETH)-based platforms, thus making your pools more secure while giving you full control over your funds.
Designed to be secure, fast, and dependable, Ennecum blockchain — through ENEX.SPACE — has been proven to deliver and with great results!
Image courtesy of MoneyTalks/YouTube Screenshot
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