Project TXA’s hDEX now supports Polygon (MATIC)
Introducing Project TXA's hDEX
Our hybrid decentralized exchange (hDEX) will provide a best-of-both-worlds approach for trading, allowing full self-custody to blend seamlessly with a centralized orderbook. That means fast trades, low gas fees, and constant control over your crypto. In other words, you can enjoy the benefits of a traditional CEX, while resting in the security of a traditional DEX.
But what good is an extremely capable exchange if there aren’t any blockchains supported on it?
For that reason, we have been adding support for some of the most popular blockchains at a rapid pace, including Ethereum and Binance Smart Chain. For further context about how cross-chain pairing works in an hDEX, read about it here.
Welcoming Polygon (MATIC)
Our latest addition is Polygon (MATIC), which is now supported in our open alpha environment for further testing and integration. This means the framework is now in place for MATIC to be used freely in the hDEX environment once the full version of the hDEX goes live in the near future.
Why is this important?
Polygon is a popular blockchain environment that is continuing to see its user base deepen and mature. With a $10 billion market cap, the MATIC token is in the top 10 globally and over 200,000 individual wallets hold MATIC. By adding support for MATIC into the Project TXA hDEX environment, we’re ensuring that there is an incentive to use the hDEX for hundreds of thousands of active and capable token holders around the world.
Tacen Exchange: The Flagship hDEX
The flagship example of Project TXA’s hDEX is being built by our partners at Tacen, who are creating Tacen Exchange. As a functioning hDEX, Tacen Exchange will allow users to perform transactions in all of the supported blockchains while maintaining full custody. Facilitating these transactions will require Settlement Data Providers to stake the tokens being used, which will earn a small fee for their processing efforts. You can learn more about how SDPs will earn rewards here.
This is an exciting moment for Project TXA, and showcases our continued commitment to developing the hDEX environment as the next evolution of cryptocurrency trading.
Join Project TXA Community
New to Project TXA and wanting to learn what it’s all about? Be sure to follow us on Twitter to catch the latest updates and join our Discord community to meet the team and make friends. We love to give crypto to our community, and staying active on our Twitter and in our Discord server are the best ways to be the first in line.
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