Newdex is a cryptocurrency exchange that supports EOS.IO and many other tokens that are based on the EOS (blockchain), such as IQ .

In August 2019 Newdex also launched support for the TRON Blockchain and its native TRC 10 Tokens. Its name is a portmanteau of the word 'new' and the abbreviation for decentralized exchange ('DEX').

Token

NDX is the platform token of Newdex and a native token on the EOS blockchain. According to marketcap.one it had a total supply of 9,963,587,110 tokens and a marketcap of $7.53 million, as of Septemeber 10th, 2019.

History

“Newdex” = New + Decentralized Exchange. The concept of a new generation of decentralized exchanges comes from the fact that before the EOS mainnet was launched, existing-on-the-market decentralized exchanges were difficult to use. It was launched on the EOS on August 8, 2018.

Newdex is the world's first decentralized exchange based on the EOS (blockchain) ecosystem, featuring security, transparency and speed, leading the industry to enter a new era of decentralized trading.^[5]

In August 2019 Newdex also launched support for the TRON Blockchain and its native TRC 10 Tokens.^[3]

By using blockchain technology, the trading information can be linked to realize the target of non-tampering of trading data, openness and transparency, real-time accessibility, and so on, making it impossible for exchanges to operate in the dark. In terms of asset security, exchanges are effectively separated from users' digital assets. Users keep their private keys, and exchanges cannot touch users' digital assets. In addition, in user operation, user-centered humanized design, users do not need to recharge, one key to authorize a quick register; a wallet can be imported to trade, and the successful transaction funds will be transferred to the account without the need to carry out withdrawal operations to avoid the risk of misappropriation of funds or even fund run.^[4] Newdex operates both on EOS and TRON Blockchains. The EOS (blockchain) is currently the highest public chain of TPS in the world, which can effectively improve trading performance and user experience even comparable to centralized exchanges.^[1]

Newdex is born for decentralized transactions. In the future, it will explore new forms of decentralized transactions in all aspects and strive to become the infrastructure of the blockchain industry.^[2].