RakyDex is a decentralized exchange (DEX) that supports trading of most popular altcoins. The main innovation is elimination of a single point of failure when trading cryptocurrencies.
In addition, another unique selling point is the usage of a multi-signature federated gateway software used by a dozen trusted gateways, operating on multiple continents, enabling trust-reduced issuing and withdrawing of the supported coins.
RakyDex’s target audience are altcoin traders trading on centralized cryptocurrency exchanges which are riddled with performance problems and can be subject to thefts, manipulation, hacking incidents or government takedowns.
These problems are solved by the decentralized blockchain based order book and the multi-signature federated gateway network.
There is no central point of failure. All deposits, withdrawals and all order books are transparently stored on the blockchain.
The client will still be able to deposit, withdraw and trade coins even in the event RakyDex goes out of business. Each client holds the private keys to their coins. RakyDex has no access to the client’s funds on the exchange.
The blockchain behind the decentralized exchange, graphene, can process up to 100.000 transactions per second and has an average confirmation time of just 3 seconds. The DEX offers a complete API for any interested party to build applications on top of the decentralized exchange.
disclaimer of warranties
Rakydex is a decentralized trading platform that lets you trade Crypto Currencys directly with other users. You are responsible for your own account, funds, and private keys. You are responsible for your own trading decisions, and the details and mechanics of the tokens you trade. Rakydex is not responsible for your decisions, actions, or losses that result from using Rakydex. Rakydex makes no guarantee about the tokens that you trade using Rakydex. Rakydex does not hold your funds and does not offer refunds. While the information contained on Rakydex is periodically updated, no guarantee is given that the information provided on Rakydex is correct, complete, or up-to-date. By using Rakydex, you acknowledge this and agree to these terms.