Decentralized Digital Asset Exchange

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Frequently Asked Questions

What are the benefits of a decentralized exchange?

: Decentralized exchanges are, by their very nature trustly. That means that you don’t have to trust the exchange to hold your funds on your behalf (We know what that can lead to). Instead, you send your funds to a smart contract on the Ethereum network, programmed to conduct a peer to peer exchange of tokens upon receiving funds from both parties. Only the holder of the private key of the Ethereum account that sends funds there can retrieve them. This makes trading on DEXs auditable, safe and fast.

What is micro exchange?

MICROEX is the Decentralized Exchange based Erc20 smart contract. MicroExchange is Next generation of Cryptocurrency exchanger platform

Why should I choose The MICROEX Market?

MICROEX is based on Decentralization Exchange to support real time trading and high transaction throughput. MICROEX is an advanced Ethereum DEX, support limits and market orders, gas free cancellation, and the ability to fill multiple trades at once.

How does MICROEX work?

MICROEX consists of a smart contract, a trading engine, and a transaction processing arbiter. The smart contract is responsible for trustlessly storing all assets and executing trade settlement, and all trades must be authorized by the user’s private keys. However, unlike other decentralized exchanges, the MICROEX smart contract is designed such that only the exchange is authorized to submit signed trades to Ethereum. This enables MICROEX to control the order in which transactions are processed, separating the act of trading from final settlement. As users trade their exchange balances are updated in real-time, while simultaneously their private keys are used to authorize the trade in the contract. This authorization prevents users from rescinding any completed trades, and prevents MICROEX from initiating any unauthorized trades. Authorized transactions are passed to the arbiter which manages the queue of pending transactions, dispatching them in sequence to ensure that each trade is mined in the correct order and that the smart contract balances stay in synch with the exchange balances. By controlling the transaction sequence, MICROEX provides the speed and user experience of centralized exchanges combined with the security and auditability of decentralized exchanges.

How does the trading experience on MICROEX compare to other Erc20 Decentralized exchanges?

The MICROEX matches that of centralized exchanges while maintaining the security standards only available to decentralized exchanges. Real time trading and high transaction throughput. Support limits and market orders, gas free cancellation, and the ability to fill multiple trades at once

What are the fees to trade on MICROEX

MICROEX charges 0.2% for the market taker and 0.1% for the market maker. Users also pay gas fees to put their transactions on blockchain

What is a maker and taker?

Market makers place new orders on the books and wait for another user to match them. They can be buys or sells. Market takers find existing orders on the books and fill them, thus taking orders off of the books.

What are gas fees?

All transactions on the Ethereum network cost gas, a fee that is paid to miners in order to process the transaction. Traders receive their chosen order regardless of how long the transaction takes to settle, so as the exchange grows MICROEX can continue to use a normal gas price

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