Sigmadex: Promoting growth and innovation in the crypto ecosystem

The crypto finance exchange landscape is haunted by a number of issues.

For example, the current decentralized exchanges are plagued with liquidity and latency issues, while centralized exchanges are heavily prone to hacks and exit scams. 

In fact, back in 2019, almost $300 million worth of cryptocurrency and more than 500,000 user log-ins were stolen from 12 different centralized exchanges.

Extensive Know-Your-Customer (KYC) is required by centralized exchanges, while current decentralized exchanges (DEXs) are limited to their own networks, and there are uneconomical collateralization requirements.

Such issues don’t help mainstream adoption of crypto finance. But there is a solution, and that is to create a decentralized, user-friendly, multi-asset brokerage with low latency and community governance, such as Sigmadex.

How Sigmadex will solve the issues

There are a number of ways that Sigmadex plans to approach the issues.

One is to incentivize users to add liquidity by introducing the game theory and introduce various decentralized finance (DeFi) opportunities.

Another is to utilize XCMP to exchange assets across multiple networks, which brings with it the Sigma Risk Index to regulate synthetic asset collateralization.

Sigmadex has its native token that will be used to allow protocol variables to be governed by its community. 

As Sigmadex protocol differs from the traditional solutions in many ways, it can prove to be the game-changer in ironing out kinks in the crypto finance landscape.

About Sigmadex

Sigmadex is a decentralized protocol dedicated to making contributions to the growth and innovation within the crypto ecosystem.

It aims for a complete decentralized future that can replace counter-party risks with complex algorithms governed by its native tokens that are vital to community governance.

With its innovative technology, Sigmadex will bring financial stability and a transparent future to the world’s progression into digital assets.

 

Image courtesy of CJ TV/YouTube 

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