A letter from Borzalom:
Why did I spend so much time building our DEX gateway on Waves?
I am well aware of the differing rates between centralized exchanges and DEX. I strongly believe that these percentages will start leaning towards DEX in the near future and that trend will continue. I believe DEX will eventually win the lion’s share of the exchange markets.
Not only is it extremely important for me to offer a safe and secure place for XBY holders to trade (I have seen over and over in my collective years in crypto that centralized exchanges fail continually), but I also believe that one of our founding missions is to bring necessary changes to the crypto world.
What I mean by this is that my vision for the XTRABYTES project, and for all the contributors, developers and people working to build this project, is that they will participate in making DEX technology better. Ultimately, we will eventually be able to teach DEX technology to all XTRABYTES community members.
The fact that we have been forced into starting this mission with a project that was created by someone else is not a matter of concern to me. We needed to start somewhere and under the circumstances, Waves was the best option. Regardless of what happens with exchanges, Waves provides us with a safe and secure place for people to trade.
It is very important for all of us to accept the fact that DEX is the future of trading. We at XTRABYTES wish to be at the forefront of this new trading format.
Last summer we created the basics of X-CHANGE, but that project’s focus was pushed back in favor of a mobile wallet. Although our focus on the mobile wallet will continue, we’re refocusing on X-CHANGE again and intend to deliver as soon as possible. In the meantime, both our community and our developers will soon be in a position to learn and dissect how Waves and DEX operates.
I believe that following depreciated traditions are not helpful for fostering innovative development.
Our goal is to be #1 in the blockchain world. However, achieving this will involve several different factors (all of which contribute to the overall rating). In order for us to achieve this goal, we must bring new technologies and ideas to the crypto space. As we continue to build this new technology, you will be directly involved in helping to learn and use it. We look forward to revolutionizing the crypto space!