DECENT (DCT) gateway with 0% fees, Bitshares RuDEX

[blockchained]

Hello!

We’re expanding our support for Graphene based chains by creating gateways with 0% market fee on Bitshares DEX. So far we’ve launched the following Graphene-based gateways:


  -  PPY
  - GOLOS/GBG
  - STEEM/SBD
  - MUSE
  - KRM

Today we’re glad to present another gateway to a blockchain that was launched fairly recently: DECENT.

DECENT  is a revolutionary blockchain technology, that allows content creators to instantly access the global marketplace. In addition to an ability to valuate your content, DECENT removes the costs of outside services, provides instant payments and simplifies crowdfunding.

DECENT offers its users ease of use and reliability of traditional distribution channels, as well as an ability to directly support your favorite authors.

As usual we’ve set the market fee for RUDEX.DCT to 0%.

During the design of the gateway we were aiming to ensure the following parameters:

    - Security
    - Independency
    - Transparency and ease of audit
    - Strict correlation between amount of tokens in the wallet and on the DEX
    - Minimization of the fees
    - Ease of use
    - Stability

As always one of the goals during the gateway creation was an ability to publicly audit it.

As you probably noticed that recently we registered RUDEX.DCT assets on the Bitshares blockchain.

The amount of DCT on DEX will be the same as the amount of DCT that the gateway has on DECENT blockchain. The gateway is set up so that the amount on the DEX can be smaller than on our wallet, but it can’t be higher. So you can always be sure that money never appears on the DEX out of nowhere.

    - when you deposit your tokens to the Bitshares network, the required amount is issued
    - when you withdraw the tokens, the required amount is burned

That way the amount of UIA tokens (RUDEX.DCT) is de-facto equal to the amount on our wallets. For DCT it is rudex wallet.

AUDIT:

In the future our gateways would have a stand alone section for auditing them on rudex.org. But for now you can use the following services:

  - DCTcryptofresh
  - https://decent-db.com/@rudex for our wallet on DECENT


Short guide on using the gateway

Our goal was not only to create a convenient instrument for people to use (we’re working on making it completely open source), but also move towards more decentralization, since more gateways the DEX has, the less centralization around any one of of them.

One of the features of our gateway that makes it different from the existing ones, is that as a Graphene ambassador, we’re setting 0% market fees for chains based on this technology. We can afford that from the witness payments that we receive.

If you like what we’re doing please vote for our witness blckchnd!