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Dextoken : a small guide for all the aliens of the galaxy and sorroundings

  • Hey you, stop walking!
  • Ok!
  • Hey you, stop doing what are you doing!
  • I am not doing anything wrong! Just reading another post on DexToken ecosystem, on Publish0x!
  • Stop doing that!
  • Why!!!
  • Because, I am an alien arrived from another galaxy, traveling in a black hole, and I am here to conquer you!
  • Are you proposing another bad airdrop or an unusable cryptocurrency?
  • I intend to invade this planet and to subdue its population.
  • Ok, I have understood: you are an ordinary trader fearful of a decentralized economy.
  • Shut up!
  • …?
  • Don’t stand so silent!
  • Decide you. I can talk or rest in silence, but decide you, and put away that weird thing you're pointing at me: it seems very dangerous.
  • Are you joking at me?
  • No, I am trying to decentralize the attention of your weapon by myself.
  • What is “decentralize”.
  • Ullala, here it is, another ordinary trader who knows nothing about Defi.
  • Trader? What’s a trader? I am not a trader! I AM AN ALIEN AND I WILL CONQUER THIS HORRIBLE PLANET!
  • Ok, I know! Another one who wants to propose some derivative contract. I am on Defi.
  • What’s the XXXX (not simple to translate, it is an alien language) is Defi?
  • Decentralized Finance: Defi.
  • So what?
  • Ok, either you’re in the mainstream or a real alien! Mmmh!? Let’s suppose you are an alien.
  • I AM AN ALIEN!
  • Ok, you are an alien. I suppose someone trades on your planet.
  • Of course, we make commerce with 245 planets in the Space Empire and with other thousands outside.
  • I know. And what do you use to pay and to buy things? Are you using to barter?
  • Sometimes we barter sometimes we use money.
  • Money? Wow. And what is money, in your space empire?
  • Generally, it is small pieces of metal-paper that are created by a central entity that governs and controls the issue of the objects called money! That’s simple.
  • So, on your planet, pardon, in your Space Empire, you have a central organization that controls the money.
  • Obviously yes! Don’t you have one?
  • Yeah, we do, but we also have a decentralized one.
  • A decentralized one?
  • Effectively, they are more than one. We call them “blockchains”.
  • Blockchain? What’s that? What is a blockchain?
  • It is a sort of big notebook diffused on the web that takes count about crypto money transfers and genesis?
  • Wait, wait! What are you telling me about? Do you mean there is no central entity that governs money?
  • Yes, in this case, it is the blockchain to do that.
  • It seems to me you are sufficiently out of the head to not have a central unit that processes all the operations and investments with your money. I think you will be simple to be conquered! My emperor will be unhappy to know that we annexed a useless planet to the GREAT EMPIRE. you are so underdeveloped.
  • Why are you saying that?
  • Because without a central processing unit you cannot manage finance.
  • Why not?
  • Because you need a central control unit.
  • We do it with the blockchain and DeFi Ecosystems.
  • DeFi? What is DeFi Ecosystem?
  • Decentralized Finance Ecosystem.
  • So what?
  • Do you know what is an ecosystem, in simple words?
  • More or less!
  • More? Or less?
  • Les,s less!
  • Consider a set of objects or groups of objects that interact with each other by doing, transforming, rejecting and so on?
  • Something what?
  • Money, so you are talking about finance. It was me that I was right. You need a central processing unit to manage finance.
  • Not in DeFi.
  • Again, DeFi.
  • Yes, with DeFi it is possible to do all the things we can imagine in an economic and financial system but without the necessity to have central units (a central bank for example) that take count of all the operations. It is diffused in the blockchain. A DeFi ecosystem integrates all the financial activities it is possible to do. It is the subject of the article I was reading about the DEX Token Protocol.
  • DEX Token Protocol? What kind of strange terms are you using? Can you speak more clearly?
  • Well, I am not so skilled in speaking with an alien. I will try, but if you do not understand anything, there is a huge and clear whitepaper where you can find all the answers you need and there is also the contest on Publish0x.
  • Whitepaper? Publish0x?
  • I will give you the .pdf file and the links.
  • Eh?
  • Ok, let’s go.
  • Yes, let’s go.
  • The principal component products of the DEX Ecosystem are the Token Swap Exchange; the Decentralized Exchange with Fast Orderbook and the Staking Pool.
  • ???
  • And there is an AMM the manages and controls the prices and guarantees the supply and demand of values.
  • An AMM?
  • Yes, an Automated Market Maker. For the Dex Token protocol, as it is written in their whitepaper, “Flowchain proposes the Speculative AMM algorithm. This algorithm provides the cryptocurrency world with a brand new approach to AMM that provides the foundation of a genuinely decentralized exchange, an algorithm”.
  • So, in this ecosystem the exchange of different money…
  • Cryptomoney!
  • …are devoted to an algorithm.
  • Yeah. By reading again the whitepaper: “Speculative AMM uses the Universal Price Model to automatically adjust prices through arbitrage trading.” The algorithm controls, verifies, and adjusts and it can also rely on an off-chain computation technology however guaranteed by smart contracts (to have one speed more and to maintain the DeFi enviroment).
  • And what about the DexToken Swap Exchange?
  • Good question! It is the virtual place where it is possible to swap from a crypto or a Defi product to another. As it is all decentralized you can do it without the need to move you, to meet anyone, or to specify you are an alien.
  • So, I can use Dex Token protocol even if I come from another planet.
  • Yes. You can put an order (buy or sell) in the Staking Pool where AMM verifies if it is possible to fill it. If not, the AMM re.processes all the information and provides to upgrade the prices, automatically.
  • So, even if you are an alien you can take part of DeFi on the DexToken Protocol and if you have any other questions or comments, refer you to the whitepaper or to the articles you’ll find on Publish0x.

 
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