Fcoin+Uniswap mode, in the DEX track, can it break through the tight encirclement

插兜小哪吒

特邀专栏作者

2020-08-20 11:13 (UTC+8)

This article is about 2214 words, reading the full article takes about 4 minutes

Fcoin trading is the model of mining + Uniswap, can it help the project take off on DEX?

AI Summary

Expand

Fcoin trading is the model of mining + Uniswap, can it help the project take off on DEX?

Editor's Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Chatting with Xiaozha (ID: xiaonazha88)

Justswap has been very popular these days under the marketing of Sun Ge, and it wants to benchmark against Uniswap. Brother Sun shouted the slogan that justswap will give birth to a hundred times currency in the circle of friends, and everyone is fighting for the hundred times currency.

However, many "hundred-fold coins" have indeed been born, but these hundred-fold coins are all counterfeit hundred-fold coins.

The exchange is a fat meat, and everyone wants to get a piece of it. With the rapid development of DEX, the competition among DEX is becoming more and more fierce. In this big market of trading tracks, who can become the final king of DEX? From what aspects will the challenger break out of the encirclement?

Fcoin trading is the model of mining + uniswap, can it help the project take off on DEX?

secondary title

The development speed of DEX, CEX will tremble after seeing it

According to data from duneanalytics, the daily trading volume of DEX reached 367 million US dollars, and the weekly trading volume was 2.656 billion US dollars, a year-on-year increase of 35%, which shows that the development speed is very fast.

Extending the time dimension, from the perspective of monthly trading volume, the following figure shows the monthly trading volume of DEX from 2019 to 2020.

Compared with 2019, the trading volume of DEX in 2020 has already made a qualitative leap. Compared with 2020, the trading volume of DEX has skyrocketed like a rocket since June.

The rapid growth of DEX trading volume has broken the monopoly position of traditional CEX, opened up a hole for those who want to be an exchange, and opened up a new path.

1) There is competition between the AMM model and the order book model, and currently the AMM model is winning;

2) There is a dispute between DEXs that have issued coins and those that have not issued coins, and the outcome is not yet clear;

3) Some established DEXs try to break through with new and powerful new functions, such as bancor V2 is still in beta;

4) There are new DEXs entering, with a new model to get a share of the pie.

DEX king: Uniswap, new DEX target audience

On the DEX track, uniswap is currently the king. According to duneanalytics data, the daily turnover of uniswap is 240 million US dollars. Looking at this daily turnover data, how many people want to eat a piece of meat.

Uniswap has a currency listing mechanism that does not require an audit. Anyone can list a new currency on Uniswap. It takes less than 30 minutes to complete the entire process from issuing ETH currency to listing currency on Uniswap. This makes uniswap a paradise for many small coins, a big casino, and a paradise for many people to pan for gold.

Uniswap has also become the object of everyone's competition.

secondary title

Sun Ge entered with justswap, benchmarking against uniswap

However, justswap imitated uniswap's unswap currency review mechanism, which caused chaos on the scene and counterfeit currencies were rampant, and many people were deceived. For example, this fake one cannot be exchanged for 6818 ETH with the fake 1TRX.

Of course, if someone loses money, someone will make money. It means that a small group of people have made money on justswap.

Regarding the issue of counterfeit currency, justswap stated that it will make a major rectification, open counterfeit currency review, counterfeit currency reporting channels, and so on. justswap had a lively start, but it was spoiled by counterfeit coins. Although TRON's transfer fee is very cheap compared to Ethereum. But what justswap has to face is that there must be enough high-quality assets and enough high-quality projects in the TRON ecosystem to support the justswap trading market.

Therefore, the competition between justswap and uniswap is not only to optimize the services of justswap, but more difficult is the competition between the two ecology, the road is long.

secondary title

DEX’s new challenger: miniswap, with the Fcoin model

On Ethereum, there are many new DEX challengers. The miniswap project comes with the transaction-mining model. Personally translate it directly: FCoin transaction mining model + uniswap, the features are as follows:

1) The listing of coins needs to be reviewed, and miniswap has set up a listing review committee to select high-quality value coins and block the Tugou project.

2) Transaction is mining. The mining mode of mini is that liquidity providers and traders obtain MINI tokens equivalent to transaction fees respectively.

For example, if transaction A generates 0.1 ETH, then A can obtain MINI tokens worth 0.1ETH, and liquidity providers can also obtain MINI tokens worth 0.1ETH. The 0.1ETH handling fee received by the platform is all used to recover MINI tokens from the market. 50% of the recovered MINI tokens will be used for destruction, and 50% will be distributed to MINI token holders.

If you are familiar with FCoin’s transaction-mining mode, you are also familiar with this mode. However, Fcoin fell due to the following reasons: 1) The system data was polluted; 2) A large number of arbitrageurs swiped Fcoin.

miniswap is a DEX running on ETH, the problem of data pollution does not exist, and every transaction is on the chain, which is clearly recorded. As for Lu, the contract operation fee on Ethereum is too expensive now, and the transaction volume of MINI tokens, the transfer fee and the back-and-forth transaction slippage fee seem to be a bit high, which is not very cost-effective.http://www.miniswapdex.com/Whether the miniswap of the Fcoin+uniswap model can avoid the disadvantages of Fcoin, gain market share with the help of dividend incentives, and break through the siege in DEX is worth observing.