The landscape of digital currency exchanges is undergoing significant changes once again.
ByteTrade, a decentralized exchange, recently announced its official launch. With a mere 0.08% transaction fee and an innovative profit-sharing model, it has quickly captured the attention of cryptocurrency investors.
However, ByteTrade’s appeal extends beyond these features. Unlike traditional exchanges, ByteTrade maintains an air of mystery—its investment portal is discreetly hidden on its official website.
Technically, ByteTrade isn’t just an exchange product but a decentralized exchange public chain. It doesn’t cater directly to retail users (C-end) but provides technical support for businesses (B-end), such as other exchanges.
Leveraging ByteTrade’s technology, numerous decentralized exchanges are emerging. These platforms share ByteTrade’s global order pool, with all transaction data recorded on-chain for users to verify anytime.
The Visionaries Behind ByteTrade
Peng Peng, ByteTrade’s founder and technical lead, graduated from Zhejiang University’s Computer Science program. With years of experience at Baidu’s core business division and Innovation Works, peers regard him as an "exceptionally skilled engineer."
ByteTrade is backed by SIG Asia Investments, a venture capital firm known for funding tech giants like Toutiao (now Jinri Toutiao), Ximalaya, Babytree, and ShanSong.
Strategic Partnerships
ByteTrade’s initial partners include:
- Kcash (a wallet service)
- CyberMiles
- TiSuan (a blockchain project)
Their collaboration has already birthed KEX, a decentralized exchange integrated into Kcash’s wallet.
Following KEX, many other decentralized exchanges have deployed using ByteTrade’s infrastructure. These exchanges, built by wallets and project teams, are mobilizing millions of users to challenge the dominance of traditional centralized exchanges.
The Decentralized NASDAQ
"This is the decentralized NASDAQ," remarked one crypto investor.
Pain Points Addressed by ByteTrade
1. Security Risks in Centralized Exchanges
- Incidents like the 2014 Mt. Gox hack (loss of 750K BTC) underscore vulnerabilities.
- Users often trade mere database entries, not actual assets.
2. Exploitation of Project Teams
- Monopolistic exchanges charge exorbitant listing and market-making fees.
- ByteTrade empowers projects to launch their own exchanges with full customization (e.g., branding via Logo/Slogan) while sharing liquidity.
3. Hybrid Solutions Fall Short
While giants like Huobi Cloud and OKEx’s OK Partners offer white-label exchanges, their underlying architecture remains centralized.
ByteTrade’s fully on-chain transactions eliminate risks like insider theft or external hacks.
Solving Decentralized Exchange Limitations
Past decentralized exchanges (e.g., 0x Project, Bitshares) faced critical issues:
- Single-chain dependency (e.g., ETH/ERC-20 only).
- Low performance and high fees due to reliance on third-party blockchains (e.g., Ethereum’s gas costs).
ByteTrade’s Innovations
Custom Public Chain
- DPoS+BFT consensus with 22 supernodes.
- 1-second confirmations, 3-second withdrawals, and 100K+ TPS.
Ultra-Low Fees
- 0.08% base fee (half to nodes, half to traffic providers).
- 0.05% if paid in BTT (ByteTrade’s native token).
BTT Staking Rewards
- Users can stake BTT to vote for nodes and earn fee dividends.
👉 Discover how BTT staking boosts your earnings
FAQs
Q1: How does ByteTrade ensure transaction speed?
A: Its dual-layer chain with DPoS+BFT consensus enables near-instant confirmations.
Q2: What makes ByteTrade’s fees competitive?
A: By avoiding third-chain miner fees and implementing profit-sharing, costs drop to 0.08% or lower.
Q3: Can projects truly customize their exchanges?
A: Yes—branding, slogans, and even fee structures are fully adaptable.
Q4: Is ByteTrade’s liquidity fragmented?
A: No. All partner exchanges share one global order pool.
👉 Explore ByteTrade’s partner ecosystem
Conclusion
With over a dozen projects already onboard, ByteTrade is spearheading a decentralized revolution against centralized exchanges. Its blend of security, scalability, and ultra-low fees positions it as a formidable challenger in the blockchain space.
The storm is coming—will you be part of it?