Centralized exchanges have been proven to be susceptible to hacking and scam. This has resulted in millions worth of cryptocurrencies and private data being stolen. In 2019 alone, 12 centralized exchanges fell victims to the wrong hands.
Moreover, centralized exchanges are known for implementing the “know-your-customer” (KYC) protocol.
Decentralized exchanges (DEXs) are not flawless either, as they continue to tackle issues concerning liquidity and latency. They are also limited to just their own networks.
These make the crypto exchange finance landscape fragmented and problematic.
But in creating a network that is decentralized and user-friendly, promoting multi-asset brokerage with low latency and community, Sigmadex solves all these.
How Sigmadex will do the job
First, in introducing game theory in its network, Sigmadex will give incentives to its users. While doing that, it will initiate different decentralized finance (DeFi) opportunities.
In terms of governance, which is a vital element for the network, Sigmadex has its native token that can be used in governance-related decisions. Exchanging assets in multiple networks will also be enabled through the use of XCMP.
As for regulating synthetic asset collateralization to offset uneconomical collaterals, Sigma Risk Index will be introduced to its users as well.
By leveraging innovations in crypto exchange protocols combined with game theory, Sigmadex provides a new and exciting solution for all that ails the crypto ecosystem.
About Sigmadex
As Sigmadex Foundation claims, it will be “bringing financial stability and a transparent future to the world’s progression into digital assets.”
Working as a decentralized protocol, the network is dedicated to contributing to the growth and different innovations in the whole crypto landscape.
It envisions a completely decentralized future that will eliminate risks in the decentralized finance (DeFi) through the use of effective algorithms. It promotes community governance through its native tokens.
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Source: https://bitcoinerx.com/blockchain/sigmadex-decentralized-protocol-with-game-theory/
