Published
4 months ago on
February 15, 2024
Table of Contents
Binance and Coinbase have gained a strong reputation as the top exchanges for trading cryptocurrencies. However, a new revenue-sharing altcoin has been gaining momentum in the market and could potentially threaten these established exchanges. Adding to the intrigue is the fact that this new exchange is offering discounted tokens during a time-limited presale event.
What Is Pullix (PLX)
Pullix is blending decentralized (DeFi) and centralized (CeFi) exchanges to offer a superior trading experience that addresses the current market's challenges. Users will be able to enjoy lower fees, fast transaction speeds, and high liquidity, all while maintaining full control of their funds.
Users can sign up by entering an email address and depositing crypto to use as collateral for trades. This is in direct contrast to the likes of Binance and Coinbase, which demand invasive KYC procedures before allowing users to begin trading.
Moreover, it isn't just cryptocurrencies that Pullix users can buy — there are forex markets, ETFs, stocks, and commodities to dive into. This range is far beyond the offerings of Binanceand Coinbase, which primarily focus on cryptocurrency trading.
The Revenue Sharing Model
But what sets Pullix apart from Binance and Coinbase is its revenue-sharing mode that distributes revenue back to users. This is in direct contrast to the traditional practice of exchanges keeping all profits for themselves.
Other benefits of holding the PLX token include exclusive access to features, governance rights, and the potential for promotional rewards. Plus, the Pullix team will frequently buy tokens from the market and burn them to increase scarcity and drive up value.
Token holders benefit directly from the daily operations of the exchange. As trading volumes and the platform's user base grow, the amount of revenue shared with token holders could significantly increase.
The prospect of earning a share of the exchange's profits incentivizes users to hold onto their PLX tokens, fostering a stable and engaged community. Everyone benefits from the success of the platform, creating a win-win situation for both Pullix and its users.
The Non-Custodial Promise of Pullix
While Binance and Coinbase offer a wide range of services with high liquidity and advanced trading features, their centralized nature involves inherent risks related to privacy, security, and asset custody.
The numerous cases of hacks and fraud in the centralized exchange space have caused many users to lose trust in these platforms. Plus, with the U.S. DoJ finding Binance guilty of violating the Bank Secrecy Act (BSA) and the International Emergency Economic Powers Act (IEEPA),centralized exchanges are facing increasing scrutiny and regulatory challenges.
Decentralized exchanges (DEX) offer a solution to these concerns by eliminating the need for intermediaries and placing control of assets in the hands of users. Pullix combines the best of both worlds by offering a hybrid model — an off-chain order-matching engine with decentralized asset custody and settlement.
The non-custodial nature of Pullix drastically reduces counterparty risk. Funds held on centralized platforms like Binance are exposed to the risk of mismanagement, operational errors, or legal issues the exchange faces. Do you really want to trust your funds with a company sued by the U.S. government?
Seizing the Presale Opportunity
You can buy PLX tokens for just $0.10 in the seventh phase of its presale event, which is set to end when Pullix goes live next month. This presale price represents the last chance to get in on the ground floor before the token's value potentially skyrockets once trading begins.
Industry experts are commenting that Pullix's innovative approach to crypto trading and revenue-sharing could disrupt the market as we know it. Such bullish predictions have given rise to predictions of 100x gains for early PLX token holders.
For more information regarding Pullix’s presale see links below:
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