Decentralized Exchange TronWatch Market Releases Demo as ICO Closes
The TronWatch team has released a demo version of its TronWatch Market decentralized exchange (DEX), one of the first to be built on the TRON blockchain. The DEX demo release lets users try out the platform and make trades with fake coins and tokens. The demo was released just hours before the TronWatch Market ICO closed.
The TRON Foundation praised the platform publicly on Twitter:
Check out @TronWatch‘s decentralized exchange #TronWatchMarket. The community developers behind one of #TRON’s first fully-featured DEX just released the beta and it already looks incredible! More info here ????https://t.co/sbjYWWRqOj
— TRON Foundation (@Tronfoundation) October 28, 2018
After hitting its softcap, the TronWatch Market developers have been working hard to quickly release the demo version of the platform. The demo release is running on a testnet using its smart contracts, a TronWatch Medium post reveals:
“This means that although it’s not real currency yet, what you see will function on Mainnet in the same way.”
The TronWatch Market DEX sticks to a simple, familiar, exchange format and uses limit orders. TRON browser extension TronLink will prompt for a confirmation when an order is submitted. TronWatch says the results outperform a generation 1 DEX like EtherDelta.
As a decentralized exchange, on downloading the demo users will need to create a “custom node.” TRON, TRX10, and TRX20 tokens will be available on the DEX.
TRON’s Recent Activity
This story comes just days after the TRON Foundation celebrated achieving more daily transactions than Ethereum and just weeks after TRON founder Justin Sun said TRON would be faster than Ethereum.
With 49 dApps now at various stages of release and development on the TRON blockchain since TRON’s TVM upgrade on October 12, 2018, adoption for TRON is accelerating pretty quickly.
TronWatch Market is looking to solidify its place in the TRON ecosystem, but it may need to revise its ICO strategy now that the token sale has ended. The platform’s ICO is sitting at just 25.99 percent towards a goal which would allow it to add more functionality to its DEX.
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