07/08/2018

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FAQ

RakyDexis a decentralized exchange running on top of the BitShares Network. It supports decentralized trading on all popular altcoin pairs without a single point of failure. You always hold the private keys to your funds, only you have access to them.
Rakyos is a scrypt mineable coin similar to Bitcoin. It was created in July 2017 to fund the development of the full Rakydex decentralized exchange. After funding is successful and the platform comes out of beta, 50% of all RakyDex profits will be distributed to participating Rakyos owners.
RakyDex runs on top of the BitShares Blockchain which is decentralized by itself. In addition, our distributed federated gateway network enables trust-reduced depositing and withdrawal of all coins.
The wallet just hosts the application that you download, it stores no information at all from the user. All the connections to the blockchain happen client side. You can also download a Windows or Mac OS X or Linux client.
A gateway is a service that you can use deposit/withdraw coins and that converts coins to proxy-assets (UIA). Each issued proxy-asset is backed 1:1 with the real coins by the gateway
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