As we prepare for the December 2020 AtomicDEX Stress Test Event, it’s a good time to learn more about our latest release — AtomicDEX v0.3 Initial Beta.
1. Wallet and Atomic Swap DEX - 100% Non-Custodial Combo
AtomicDEX is an all-in-one non-custodial wallet and decentralized exchange. Many DEXs in the blockchain space today aren’t genuinely non-custodial since user funds placed in liquidity pools are constantly exposed to impermanent loss, rugpulls, and vampire attacks. AtomicDEX, in contrast, avoids these issues by using decentralized P2P order books. You always control your own private keys, so you are the only one who can access your coins.
Want to HODL Bitcoin (BTC) and Ethereum (ETH)? You can do that with AtomicDEX. Want to use atomic swap technology to trade BTC for ETH, or vice versa, cross-chain without having to put your trust in proxy tokens or a custodian? You can do that with AtomicDEX.
Even more importantly, AtomicDEX continues to expand native support to additional blockchain networks, with compatibility for 99% of cryptocurrencies in existence. AtomicDEX v0.3 introduced the ERC-20 Token InstaList Feature — a straightforward process to add, store, and trade custom ERC-20 tokens through the GUI. The Liquidity Pool Multiplier, also introduced in AtomicDEX Initial Beta v0.3, gives you the flexibility to place an unlimited number of limit orders against any number of assets at any number of price levels.
2. Komodo Is DeFi With No Gas
Can’t be bothered by gas fees? As you can see on this page, gas fees are skyrocketing on many ERC-20 DEXs or Ethereum-based DeFi protocols. AtomicDEX doesn’t run on gas fees. Users only need to pay gas when trading assets from networks that require gas themselves.
If you wanted to trade Litecoin (LTC) for Dash (DASH), or vice versa, you wouldn’t have to pay a gas fee On AtomicDEX, makers pay zero transaction fees and takers only pay a flat fee of 1/777 (less than 0.13%) per transaction. The cost of a trustless exchange of value doesn’t increase, even as more traders are making more atomic swaps on AtomicDEX. For blockchain developers, the AtomicDEX API is an open-source technology that is used to build cross-chain/cross-protocol DeFi applications.
3. Stress Test Early Registration
When you download AtomicDEX Initial Beta v0.3, you’ll get your own AtomicDEX KMD address. You’ll then be able to use your AtomicDEX KMD address to register early for the upcoming stress test and win prizes for making atomic swaps on AtomicDEX. In less than 24 hours after announcing the stress test campaign dates, we have 310 signups and counting!
Our developer team will use your feedback and metrics from the stress test to make upgrades for AtomicDEX Stable Beta v0.4, which slated for release at the end of December 2020.
Join Our Quest
Komodo is a community-focused project with a clear goal of becoming the bridge builders for cross-chain/cross-protocol interoperability. With your feedback, together we can create a future that is truly decentralized and non-custodial.
Troll us on Twitter https://twitter.com/komodoplatform
Lurk us on Reddit https://www.reddit.com/r/komodoplatform/