XDEX decentralized exchange (Unofficial)

[dkbit98]

Blockstream, Sevenlabs and Poseidon Group are working on launching new bitcoin decentralized exchange called XDEX, and it is being built on layer-two Liquid Network.
They plan to to add assets like Bitcoin, stablecoins (USDT, Euro and Swiss Franc), security tokens, Blockstream Mining Notes and other assets issued on Liquid, that could be traded peer-to-peer.
XDEX is built on open source protocol TDEX and I think it will be based in Switzerland so I am not sure if they will ask for any KYC for suing their exchange.
Website is already released with basic information and they plan to release Android and IOS mobile application with web platform in future.


Website: https://xdex.ch/

Official blog release:
https://xdex.ch/xdex-the-first-fully-decentralized/

This topic is opened for free discussion about this dex exchange, and I am not affiliated with XDEX or Blockstream in any way.

[Charles-Tim]

Website is already released with basic information and they plan to release Android and IOS mobile application with web platform in future.

According to the blog, it is like the Android and iOS app would be launched when the decentralized exchange is launch? Or the exchange would be launched first in a way people will only be able to access it through the web, while its Android and iOS app would be available later?

Is there a link the the project white paper, I will like to read it to know how the exchange would be, maybe truly decentralized or not.

[dkbit98]

Is there a link the the project white paper, I will like to read it to know how the exchange would be, maybe truly decentralized or not.

I am not official representative of this exchange so I don't have any additional information other than stuff I posted above, so you have to ask developers for more details.
There is a whitepaper for TDEX exchange, and TDEX is using open-source protocol that XDEX is built on, so you can check that out:
https://tdex.network/

[logfiles]

Another p2p exchange which is good news

XDEX is built on open source protocol TDEX and I think it will be based in Switzerland so I am not sure if they will ask for any KYC for suing their exchange.

I am not seeing any laid out terms of service, but their privacy policy has something worth reading. They will obviously collect data and share it with law enforcement when needed. I think if Governments pile pressure on them in future they may pull out of the game or begin asking for KYC like Localbitcoins did

Collecting and Using Your Personal Data

TYPES OF DATA COLLECTED

Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:

    Email address

    First name and last name

    Phone number

    Address, State, Province, ZIP/Postal code, City

    Usage Data

RETENTION OF YOUR PERSONAL DATA

The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.

DISCLOSURE OF YOUR PERSONAL DATA

Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).

Other legal requirements

The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
    Comply with a legal obligation
    Protect and defend the rights or property of the Company
    Prevent or investigate possible wrongdoing in connection with the Service
    Protect the personal safety of Users of the Service or the public
    Protect against legal liability

[dkbit98]

I am not seeing any laid out terms of service, but their privacy policy has something worth reading. They will obviously collect data and share it with law enforcement when needed. I think if Governments pile pressure on them in future they may pull out of the game or begin asking for KYC like Localbitcoins did

Hmmm, that doesn't look so good if they going to ask for all this information from people
I expected to see some alternative light version for Bisq exchange that could work on mobile devices, but maybe kyc would be applied only for trading with fiat currencies.
One reason why I would consider using anything on Liquid network is use of Confidential Transactions., and XDEX should work like Atomic Swaps so I don't understand why they are being so strict.

[LeGaulois]

Nah, people won't be bothered with the KYC procedure. Companies located in Switzerland don't have to follow such regulations.
An example with https://relai.app a well know service there. You can buy and sell with € and with no KYC. You don't even need to create an account and you can't do it.

The country is 'unusual' regarding privacy in finance, hence a lot of taxes evasions were done here before (less nowadays). I admit for the cases with law enforcement they will snitch everything (as any company would do). But Hey we're all good guys here

This said, thinking about it I would say it's not a decentralized exchange as we usually define it.
Perhaps it should rather be called "hybrid DEX"

According to the blog, it is like the Android and iOS app would be launched when the decentralized exchange is launch? Or the exchange would be launched first in a way people will only be able to access it through the web, while its Android and iOS app would be available later?

Firstly the apps for smartphones then a web-based version. It's my understanding of

XDEX plans to release a web-based version of the platform and to add traditional securities offerings at a later date.