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Atomex Hybrid Exchange Becomes The First To Launch kUSD-XTZ Pair

Atomex, the hybrid exchange which also allows for atomic swaps is launching the kUSD-XTZ pair. Users will also be able to trade kUSD against BTC, ETH, LTC, USDT and TZBTC.

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Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

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Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

Atomex & kUSD

The algorithmic stablecoin Kolibri (kUSD) launched on the 18th of February. Today, the following trading pairs have become available on Atomex. From this moment onwards, you can trade kUSD with XTZ, BTC, ETH, LTC, USDT and TZBTC. 

Atomex

Besides the wallet function, Atomex also enables Atomic swaps. Atomic swaps enable you to trade cryptocurrency in a decentralized way, without any dependency on a third party. All trades are made through a smart contract.

An interesting fact about atomic swaps is that you can make atomic swaps between different blockchains. So, you can trade BTC for XTZ on Atomex for example. You do pay transaction costs on two blockchains though in that case.

Buying tzBTC with XTZ would make more sense in that case, since you would only pay transaction costs for the transaction of tzBTC and XTZ on the Tezos blockchain, which is a lot cheaper.

Atomex is a HD Wallet that supports XTZ (Tezos), BTC, ETH, LTC (Litecoin), the Stablecoin USDT (Tether), and also wrapped BTC on Tezos (tzBTC) and on Ethereum (wBTC).

Atomic Swaps are made possible through Atomex’ Hybrid DEX that works by applying on-chain implementation, based on hashed timelock smart-contracts on each blockchain that is involved in the swap.

This means that you can exchange assets in an anonymous and secure way without the need to trust a third party.

Atomex is non-custodial, which means that you own your private keys. There is no centralized database that stores the keys of Atomex users. Your keys are stored on your device, encrypted, using AES-256. (256 bits Advanced Encryption Standard.)

Because you own your keys, transactions are made directly from your blockchain address to the atomic swap contract during a deal.

No additional fees

You don’t pay any additional fees while making an atomic swap. You only pay the transaction costs for executing the smart contract. Atomex is different from DEXes like Dexter and Uniswap in that way.

Atomex has a regular order book like on a centralized exchange. It doesn’t utilize an AMM (Automated Market Maker) like on Dexter.

Neither Atomex, nor market makers, charge a percentage fee of the total amount of your transaction.

Baking Bad 

Atomex is developed by the “Baking Bad” team, which is well known in the Tezos community as an active contributor to the developer ecosystem and for its website where you can find the rankings of Tezos bakers (Bakers are stakers that run a Tezos node to which XTZ holders can delegate their XTZ and earn staking rewards.)

You can find more detailed info on Atomex decentralized exchange and cross-chain atomic swaps here.

You can download Atomex wallet here

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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