What is it and how does it work?NebliDex is a decentralized cryptocurrency exchange software that is ran on your computer, similar to a regular Bitcoin/Altcoin wallet, and connects to other nodes on a network via the usage of master nodes to trade peer to peer using atomic swaps. These master nodes are called Critical Nodes and are responsible for matching traders to each other along with providing order book and chart data. They are rewarded in the platform's proprietary token (NDEX) for facilitating a trade. Anyone can be a Critical Node on the network if they have at least 39,000 NDEX tokens in their exchange wallet. The trading network can be ran with even one Critical Node active. Your private keys are stored on your computer in an optionally encrypted wallet. You cannot trade if the program is closed. There is no third party custody.
What are the supported currencies and markets?NebliDex supports atomic swap trades for Bitcoin, Litecoin, Groestlcoin, Neblio, Neblio based tokens (NTP1), Monacoin, Bitcoin Cash, Ethereum, ERC20 tokens (only DAI and USDC currently). No derivative tokens/coins are utilized. Swaps happen directly on the coins' respective blockchains.
The current markets are (as of July 22nd, 2019):
NEBL/BTC
NEBL/LTC
NDEX/NEBL
NDEX/BTC
NDEX/LTC
TRIF/NEBL
NAUTO/NEBL
NCC/NEBL
HODLR/NEBL
NTD/NEBL
TGL/NEBL
IMBA/NEBL
LTC/BTC
BCH/BTC
ETH/BTC
MONA/BTC
GRS/NEBL
ETH/LTC
MONA/LTC
NDEX/GRS
NDEX/MONA
NDEX/DAI
NDEX/USDC
NDEX/BCH
NDEX/ETH
NEBL/DAI
NEBL/USDC
LTC/DAI
LTC/USDC
BTC/DAI
BTC/USDC
BCH/DAI
GRS/DAI
MONA/DAI
Exchange HistoryThe exchange was originally designed back in 2018 for use with Neblio (
https://nebl.io) and Neblio based tokens but an expansion effort was made early 2019 to include other popular cryptocurrencies. ERC20 tokens DAI and USDC are the most recent addition and the Ethereum contract for them can be found in the GitHub.
Exchange FeesCritical Nodes expect to receive NDEX from the traders for each trade. The Critical Node that facilitates the trade gets the payment. The NDEX fee is dynamic and is based on the NDEX/NEBL price. When you buy NDEX with a non-Neblio based coin, the trading fee is subtracted from the amount bought. There are no Deposit fees, there are no Withdrawals fees. Since every transaction is on-chain, a blockchain fee must be paid to the miners mining your transaction.
DisclaimerThe exchange is ran by open sourced software. There are no humans running or in-charge of the exchange, no human arbitrators, no one to ask for your personal information, and no logins or signups. All logic is based on blockchain information. However, if you notice a bug or problem while using it, submit a bug report to the developers at:
https://www.neblidex.xyz/bugreport/
