2022-11-26 12:00:09
FROM CEX TO DEX (Decentralized)
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Dear SPexchange users,
In the face of major fluctuations affecting the general development of the entire crypto market recently, starting from the collapse of Terra Luna, 3AC, Celsius/Voyager to the collapse of almost complete trust. of users about the crypto market of FTX exchange, causing more than 1 million related users to almost lose up to 10 billion dollars.
Then there was the mass exodus of users from the CEX (centralized) exchanges as much as the Jews fled from the Nazis. This is the inevitable domino effect of centralized exchanges (CEX) and SPexchange is no exception.
This has created a vital challenge for the current and future maintenance of centralized crypto exchanges (CEX) to operate and operate efficiently. We are faced with the choice to change or die!?
Of course, the floor leadership and investors have chosen to change because difficulties and challenges always create opportunities if we know how to seize and act decisively.
We are pleased to inform SP exchange users as follows:
SPexchange will carry out an upgrade from a centralized CEX exchange to a fully DEX (decentralized) exchange from Q1 2023 to Q3 2023 with the expected roadmap as follows:
From December 2022 to February 2023: Launching “Simple swap” (decentralized spot trading) on the BSC (BNB Smart chain) chain.
From March 2023 - 05/2023: Launching “Simple swap” on ERC 20 and Polygon chains
Other chains will conduct updates according to the development and needs of users.
From June 2023: Launching “Decentralized Perpetual Exchange” on ERC20 chain.
From September 2023: Launching Decentralized Web3 Wallet on ERC20 and BSC chains
This is the effort of the entire SPexchange leadership and staff as we have to give up our ideas and work habits to change and face new challenges when operating on a fully decentralized space. whole.
As this brings great benefits to users such as:
Asset security (users keep their own assets)
More transparency on users' fund management
Public on-chain transactions
Avoid speculation or insider trading
That decentralization was essential and also the basis for Satoshi to create Bitcoin, which revolutionized the entire industry!
Let's overcome this difficulty and enjoy the fruits of our new decentralized space!
Thank you for your trust!
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