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MEME Exchange--The value of a Web3 exchange

05-19

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Today’s Internet — often described as Web2.0 — is so rooted in our lives that for most it’s hard to imagine a swift to Web3.0, a revolutionary value network that has yet to gain trust.

 

The era of WEB2.0 has seen internet giants as the core, with their multiple ecosystems and a semi-monopoly on users’ data, value and networks, that has created strong barriers among different ecology. The most important resource in this kind of setting is traffic, the primary source of user attention and capital flow.

 

WEB3.0 era will provoke profound changes: a fully open network where users’ behavior will not be limited by ecological barriers, but will instead allow free movement in Web3 world; user data privacy will be protected by encryption algorithms and distributed storage; all content and applications will be created and led by users in a spirit of co-construction, shared governance and common participation in the values of the platform.

 

MEME exchange for an open, private and collaborative world

Blockchain and Web 3.0 go hand in hand. As an integral part of the new generation of information technology, blockchain is a new aggregation of distributed network, encryption technology, smart contract and other technologies. The introduction of decentralized Internet in Web 3.0 weakens the control of profit-seeking third parties over user interaction and value transfer. In essence, Web 3.0 provides the basis for P2P communication, payments, services and markets. It’s based on artificial intelligence, distributed storage protocols and more secure crypto systems. Blockchain is playing an important role in the development of Web 3.0.

 

MEME exchange is a Web3’s  fully functional decentralized cryptocurrency exchange. It focuses on U-standard contracts and supports USDT recharge and withdrawal on Ethereum main network, and USDC on Tron network. After recharging into the contract address of the platform, the system will issue the same amount of USD in the platform to start the transaction. More importantly, users’ funds are kept in their own wallets and under the users’ control, which improves the transparency and trust of transactions. In MEME exchange, a simple connection with a wallet address from any supported public chain and deposit will be regarded as successful registration and will be enough to become an official user of MEME.

 

With the improvement of the performance of the underlying public chain and the breakthrough of smart contract, side chain technology and cross chain technology, MEME exchange has greatly improved in terms of transaction process design, order matching and transaction speed on the chain, gradually reaching a user’s experience comparable to a Centralized Exchange. It also has the advantages of Multi Chain asset support, open source smart contracts to control the whole process of asset interaction, decentralized asset isolation and authentication, data ownership and value transfer, etc.

 

Multi Chain asset support

With the development of cross chain technology, multi chain and multi asset interoperability, smart contract transactions have become a reality. MEME exchange has implemented cross chain, multi-chain, multi-currency and multi-asset transactions in order to realize the transfers. The range of options available to users will also increase over time, greatly improving the liquidity of assets in decentralized exchanges. Open source smart contracts control the whole process of asset interaction.

 

MEME exchange does not store user funds and personal data on the server, but serves as an infrastructure to match buyers and sellers who want to trade digital assets. Such transactions occur directly between participants (peer-to-peer) with the help of a matching engine. It enables users to buy or sell tokens on the chain without having to look for a specific buyer or seller. And, unlike centralized exchanges (such as coinbase or binance), MEME exchange enables users to keep their assets in their control.

 

Decentralized asset isolation and authentication

The core of MEME exchange is “decentralized custody”. In other words, in the process of transaction, no one can use your assets. Users always keep their assets in their own hands and they can meet their needs by operating only when they need currency exchange. In the whole process, digital assets are always on the user’s own wallet address without going through any third party.

 

Privacy: transfer of data ownership and value

Data privacy has become the focus of global regulators. MEME exchange’s solution is to introduce privacy computing and ensure that data is invisible in plain text through homomorphic encryption, multi-party secure computing, trusted execution environment and other technologies. In the era of Web3.0 users are more conscious about protecting their privacy and their data. With the decentralization of applications and the availability of data on the chain, users’ behavior-generated data and application protocols need privacy protection. MEME exchange has many functionalities focused on privacy protection, including basic blockchain platform privacy protection, stored data privacy (distributed storage), user private key management, anonymous protocols and so on.

 

MEME exchange is designed to be a decentralized and transparent platform promoting encryption technology to solve DEX users’ everyday problems such as buy and sell new assets safely and fairly and enjoy a smooth operation experience.

 

WEB3.0 is moving towards mainstream society

Currently, even if Web3.0 still has many development problems, it is slowly becoming a reality. On the eve of this innovation, many industries are full of excitement. For example, the concept of the metaverse, which has been widely talked about in the past few months, seems to be possible only with Web3.0 technology; Also, new Internet of things and virtual network ecology composed of mobile phones, VR, AR, wearable devices and other hardware.

 

The large-scale application of this new technology will not be achieved overnight. There is no doubt that we are on the eve of the outbreak of Web 3.0, as new technologies and concepts emerge one after another.

 

MEME exchange believes that “the inevitable transformation to Web3.0 will need to consider the practical needs of Web2.0 users. Merging the most useful functions of centralized and decentralized exchanges may be the key to the large-scale adoption of digital asset trading based on Web3.0.

 

MEME exchange uses Web3.0 to its larger extent, and blockchain networks need to pay more attention to the user needs, to ensure that their personal data is more secure and private. Since there is no centralized server, the power of all data is in the hands of users, so they don’t have to worry about their asset getting stolen or misused.”

 

As history often teaches us, it is better for one to adopt new technology rather than oppose it. In Web3.0, controlling your transactions and your assets is a key step in this digital evolution process. Therefore, it is our common mission to invest in these new technologies.

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