ETHER DELTA REVIEW [Decentralized ERC20 Token Exchange]

CryptoCurrencyAltcoins
Jan 27, 2018
2 min read

Ether Delta is one of the new breed of fully decentralized exchanges that seeks to offer crypto enthusiasts, traders, and investors the chance to trade their crypto assets from whatever corner of the world they might come from with zero discrimination. Ether Delta as the name might imply is an exchange that focuses exclusively on the trade of Ethereum based ERC 20 tokens, as they come online from ICOS. It is the go-to exchange where anyone holding some of the latest Ethereum powered tokens can find fluidity and sell off their assets in exchange for another.

Features

Ether Delta being the decentralized exchange has a number of features that distinguish it from the rest of what we know an exchange to be. Some of these features include:

Giant Smart Contract Platform: Ethereum being the go-to Smart Contract blockchain is the big influence when it comes to transactions and the operability of the Ether Delta exchange. Almost every given move the user makes on the exchange is conducted and monitored though the use of Smart Contracts. From deposits, to trading, and withdrawals, the Ether Delta platform is one big Smart Contract platform where these contracts control every single move of the trader in a seamless manner.

ERC 20 Heaven: As earlier stated Ether Delta is different kind of exchange in that it trades only in cryptocurrencies and tokens that are built on the Ethereum blockchain, and the ERC20 tokens to be specific. With the proliferation of ICOs, investors began facing problems in dealing with their newly bought crypto assets as the big centralized exchanges often take a very long time before adopting any given currency, making sure the investor gets stuck in their respective currency for quite some time. By providing an Ether based decentralized exchange, users from every corner of the planet have a direct access to a peer to peer market where they can offload their products without the slightest worry.

Transaction Fees: The Ether Delta platform prides itself for providing its users with one the lowest transaction fees of any other exchange in the industry. For example Ether Delta charges the user only 0.0003 Ethers for making deposits no matter how large, which is equal to less than $0.03 at the price of the Ether as at the time of writing this. It offers similar or even lower fees for transactions and withdrawals.

Vibrant Community: Given that Ether Delta is a niche platform focusing on the Ethereum side of the cryptocurrency industry, Ether Delta is one that has a growing an highly vibrant community that mostly stay loyal to it as the platform offers them the fluidity for their tokens that most other platforms deny them.

Downside

Being a new invention and one with a sort of focus niche, Ether Delta is not your standard cryptocurrency exchange, as it has only tokens and coins built solely on the Ethereum blockchain which excludes the likes of Bitcoin and the rest of the non-Ethereum market. Also being a decentralized platform scares some crypto traders, who even have a tough time trusting centralized, and fully regulated exchange. This is definitely an exchange for the more seasoned crypto trader.

Visit Ether Delta ERC20 Token Exchange: https://etherdelta.com/