What is 20EXCHANGE?
The full-chain Inscription aggregation transaction protocol 20EXCHANGE seamlessly aggregates the liquidity of numerous trading platforms in different blockchain networks, building a cross-network, cross-platform, and cross-asset large-scale cross-chain transaction aggregator. Asset types include ERC-20 assets, other non-EVM public chain assets, and new assets such as inscriptions.
20EXCHANGEs pricing and trading strategies are competitive and committed to maximizing users trading income; it protects users digital assets from multiple dimensions such as on-chain contracts, front-end code, and multi-signature protection to provide users with a safer trading environment. .
How does 20EXCHANGE work?
20EXCHANGE operates primarily as a DEX aggregator, but it also has other features such as a liquidity protocol and governance token.
1) DEX aggregator:
As a DEX aggregator, 20EXCHANGE searches multiple DEXs to find the best trading path for a specific trade. By splitting trades across different DEXs, it minimizes price slippage, especially for larger trades that can significantly impact the liquidity of a single DEX.
2) Liquidity Agreement:
The 20EXCHANGE liquidity protocol allows anyone to provide liquidity and receive fees from traders. It uses a unique virtual balance mechanism to help reduce impermanent losses for liquidity providers.
3) Governance token:
20EXCHANGE has its own governance token, the 20 EX token. 20 EX token holders can participate in the governance of the platform and vote on various protocol parameters.
Importance of 20EXCHANGE
20EXCHANGE has several key features that make it an important platform for the full-chain inscription aggregation trading protocol.
1) Access multiple DEXs: DEX aggregators allow users to access multiple DEXs from a single interface, which can improve liquidity and price discovery capabilities.
2) Improved price discovery: DEX aggregators can compare prices across multiple DEXs, allowing users to find the best price for their trades.
3) Convenience: DEX aggregators save users time and effort by providing access to multiple DEXs from a single interface.
4) Reduce slippage: DEX aggregators can split transactions across multiple DEXs to reduce slippage caused by low liquidity on a single exchange.
20EXCHANGE TEAM
The 20EXCHANGE team is composed of early developers of the Bitcoin network and senior developers of the Ethereum network, Inscription and Lightning Network. It has achieved powerful functionality by providing access to hundreds of liquidity sources on multiple blockchains. Committed to building a fast closed-loop financial ecosystem.
20EXCHANGE function
1) Routing algorithm Pathfinder
20EXCHANGE helps users find the optimal token exchange path quickly and efficiently, splitting transactions into multiple sub-transactions across different protocols, and even different order depths within the protocol, thereby providing the best exchange rate.
In addition to optimizing transaction rates, Pathfinder can reduce the likelihood of transaction failure through partial and dynamic filling mechanisms. When a user submits a trade, Pathfinder first splits the transaction into multiple liquidity sources. If the rate of a protocol changes adversely during this process, specific legs of the route can be canceled and only the favorable ones are executed. Dynamic filling even allows amounts from unfavorable branches to be redistributed between favorable branches and exchanges can be fully completed at the rate published in the interface.
2) Zero-fee limit order function
When a user places a limit order, it is added to a centralized database managed by 20 EXCHANGE. These orders can then be written by any other user, including CEX and Pathfinder orders created within the aggregation protocol. In addition to the transaction value, limit order recipients also include gas costs, making this a zero-fee order for the user. The implementation also allows for dynamic pricing, conditional quotes with user-set execution conditions, and request for quote (RFQ) quotes for specific order sizes.
20EXCHANGE first airdrop launched
Recently, 20EXCHANGE announced the launch of the first round of points airdrop activity, planning to airdrop to users holding ORDI and SATS as well as addresses participating in ORDI and SATS transactions. In order to ensure fairness, 20 EX will snapshot users whose wallet value is above 1219512 (sats) Satoshi, and the snapshot start time will be December 13th.
20EXCHANGE Airdrop Operation Guide
Users who hold ORDI and SATS can directly go to the official website to receive the airdrop. The first round has a total of 2,000 addresses, first come, first served, and the deadline is to receive the airdrop.
Step 1: Click on the 20Exchange official website to enter the event page:https://20ex.io；
Step 2: Connect the wallet;
Step 3: Enter the operation page and receive the airdrop
This point airdrop event is divided into 5 rounds, with a total of 10,000 copies distributed, and 2,000 copies distributed in each round. Each round lasts for 2 days. In the first round, 100% of the airdrop share will be distributed to eligible users; in the second round, 80% will be distributed; in the third round, 60% will be distributed; in the fourth round, 40% will be distributed; and in the fifth round, 20% will be distributed. After the snapshot is over, participants can go to the official website to claim the corresponding rewards.
20EXCHANGE Task Operation Guide
Task activities include daily tasks and one-time tasks. Daily tasks can be completed repeatedly, and one-time tasks can only be completed once. In addition, you will get extra points if you successfully invite friends to participate.
Step 1: Click on the 20Exchange official website to enter the event page:https://20ex.io；
Step 2: Connect the wallet;
Step 3: Complete the official release task
Step 4: Click Verify. If the verification is successful, you will receive corresponding points;
These points can be redeemed for mystery rewards.
Warm reminder: This airdrop only supports computer operations. UniSat and Okx wallets on mobile phones are not currently supported. In order to ensure that you can successfully participate in the airdrop event, please use the computer to perform related operations.
20EXCHANGEVision
Promote users to conveniently enter the full-chain asset ecosystem, realize the aggregation and interaction of multi-chain and multi-state assets, break the barriers to two-way seamless transmission of assets and information on the chain, and build a borderless and barrier-free digital financial ecosystem, allowing 20Exchange to It will become the central link connecting various digital assets and protocols, further promoting the in-depth development of the entire encryption industry.
This event is 20Exchanges strong support for holders of high-quality inscription assets such as ORDI and SATS, and aims to provide them with more opportunities to participate in and integrate into the 20Exchange ecosystem. In the future, 20Exchange plans to establish the Inscription ecological community to provide a communication platform for all Inscription track participants and further promote community interaction and development.
For more updates about 20EXCHANGE, please see the official websiteTwitterandTG。
