The first private DEX. Trade with 100% confidentiality.

[incognitochain]

Hey everyone!

Excited to announce the launch of Incognito DEX. Now you can trade BTC, ETH, ERC20, BNB and BEP2 tokens with 100% confidentiality!

Like a DEX, it’s fully decentralized. Unlike a DEX, its users and their trade histories are confidential. Like a CEX, it’s scalable. Unlike a CEX, there’s no third-party operator risk; users have full control of their money and private keys.

✔ Confidential. Incognito DEX doesn't disclose buyers, sellers, and transaction amounts.
✔ Scalable. Incognito DEX leverages Incognito's implementation of full sharding to achieve high-throughput. Incognito's throughput scales linearly by adding more shards, so it can continue to grow to support large transaction volume.
✔ Cross-chain liquidity. Incognito DEX leverages Incognito's bridges to the other blockchains - like Ethereum and Bitcoin - to enable cross-chain trading. So you can trade BTC and ETH privately on Incognito DEX.
✔ No order book. This unique mechanism of Incognito DEX borrows heavily from Nick Johnson's reddit post in 2016, Vitalik Buterin's reddit post in 2016, Hayden Adam's Uniswap whitepaper in 2018. The idea is to replace traditional order book with a bonding curve mechanism known as constant product.

The Incognito DEX is pretty new – we need sharp eyes and honest feedback. We’d love for you guys to be the first to try the private DEX and get involved into crypto world changing project!

_______________________________________________________________________________ ____________________________

Feel free to ask any questions here or send us a note on Telegram: http://incognito.org/

More about Incognito and private transactions on bitcointalk: https://bitcointalk.org/index.php?topic=5183909.msg52699285#msg52699285

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[Ucy]

This sounds interesting:

Activate incognito mode for any blockchain
Incognito is a privacy sidechain, that can be attached to any blockchain to conduct confidential asset transfer.
 The Incognito sidechain runs parallel to main blockchains, allowing for secure two-way transfers of crypto assets whenever privacy is needed.

The names "private DEX" sounds alittle weird though. Sounds as if you are referring to typical "private Blockchain". Why is called private DEX by the way? It's because of the incognito/privacy features? 

Is available on mobile phones? Would be nice if it's.

Where exactly do I review the DEX? Or is it not available yet?

[Flux0z]

Not trying to hijack the thread here, but isn't a DEX supposed to be private in the first place? Otherwise it's not really a DEX?

A real DEX doesn't require KYC, accounts, personal info etc. etc. It's annoying that so many people have such a hard time knowing which DEX's are real, and which ones is fake. Like the "Binance DEX", which isn't a DEX at all, since all the nodes is run and controlled by Binance themselves. That's not decentralized at all, lmao.

"No order books" - Means I gotta try this, as it doesn't make any sense to me. It seems like you guys are trying to hide the actual books, so nobody can see if there's huge sell walls to scare people into selling? On the other hand, how do you even see if you can buy anything then?

I'll check it out regardless. At least seeing DEX solutions trying to innovate instead of running the "classic" atomic swaps type of DEX is nice to see.

Personally excited on the launch of Stakenet's Lightning DEX, which will offer instant trading over lightning, with unlimited transactions/s. That's innovation that makes a huge difference to the consumer of these products and services.

[incognitochain]

Great news!

IncognitoDEX is officially launched!
Starting now, you can trade private BTC, private USDT, and PRV on the first-ever confidential pDEX. Easy, free, permissionless, and already in your #IncognitoWallet.

You can learn more here:
Privacy DEX for a New Economy
Tech Explanation

We have added two more pairs to the #IncognitoDEX.

Since now you can trade 🔥
pBTC<>pUSD
pBTC <> PRV
pUSDT<>PRV

Download wallet you can here:

https://apps.apple.com/us/app/incognito-crypto-wallet/id1475631606?ls=1

https://play.google.com/store/apps/details?id=com.incognito.wallet

📌Here's your pDEX to-do list:

- Update your wallet app to the latest version

- Tap on pDEX to start

- Deposit funds to your brand new pDEX trading account from another of your accounts

- Enter the amount you want to trade, and the algorithm will show you the amount you'll receive

Wanna see what it looks like to trade without an order book?

Here's a visual walkthrough:

https://incognito.org/blog/how-to-trade-bitcoin-privately-with-incognito-pdex/

Enjoy and help us to spread this news to the wold 🌏 !

[incognitochain]

This sounds interesting:

Activate incognito mode for any blockchain
Incognito is a privacy sidechain, that can be attached to any blockchain to conduct confidential asset transfer.
 The Incognito sidechain runs parallel to main blockchains, allowing for secure two-way transfers of crypto assets whenever privacy is needed.

The names "private DEX" sounds alittle weird though. Sounds as if you are referring to typical "private Blockchain". Why is called private DEX by the way? It's because of the incognito/privacy features? 

Is available on mobile phones? Would be nice if it's.

Where exactly do I review the DEX? Or is it not available yet?

Yes, it is available. Download wallet you can here:

https://apps.apple.com/us/app/incognito-crypto-wallet/id1475631606?ls=1
https://play.google.com/store/apps/details?id=com.incognito.wallet

[incognitochain]

Not trying to hijack the thread here, but isn't a DEX supposed to be private in the first place? Otherwise it's not really a DEX?

A real DEX doesn't require KYC, accounts, personal info etc. etc. It's annoying that so many people have such a hard time knowing which DEX's are real, and which ones is fake. Like the "Binance DEX", which isn't a DEX at all, since all the nodes is run and controlled by Binance themselves. That's not decentralized at all, lmao.

"No order books" - Means I gotta try this, as it doesn't make any sense to me. It seems like you guys are trying to hide the actual books, so nobody can see if there's huge sell walls to scare people into selling? On the other hand, how do you even see if you can buy anything then?

I'll check it out regardless. At least seeing DEX solutions trying to innovate instead of running the "classic" atomic swaps type of DEX is nice to see.

Personally excited on the launch of Stakenet's Lightning DEX, which will offer instant trading over lightning, with unlimited transactions/s. That's innovation that makes a huge difference to the consumer of these products and services.

Yes, that's right our DEX doesn't require KYC, accounts, personal info etc.  You can try it now, we will be happy to get your feedback.

[CjMapope]

hmmm, lots of dexs in the scene man, gonna be a really competitive year in 2020, who will come out on top?
didnt you have your own coin/token or something? cool to see pvx as a starting pair..
dexs will be really big in the coming years, so is this p2p directly then bisq style? ill have to try it out here tonight a bit more....
the term got so hyped this year its hard to see whats real right now

[knuckey]

Hacking in exchanges that have happened in recent times is very worrying and I think DEX is one of the best solutions for that. Looks like Incognito has some interesting products and I'm excited to trying their android app and faucet.

[leea-1334]

But if your DEX does truly what it says,,, then it needs to not just be confidential but fully anonymous. All exchanges should anyway by default guarantee confidentiality of data. That is privacy laws.

But you will be different if you offer true anonymity, no data collection at all. But if you do this,,, then practically nobody will want to trade there because you have to not track data for trade size and frequency, then you cannot show statistics for volume and even you cannot show orderbooks right?

[incognitochain]

hmmm, lots of dexs in the scene man, gonna be a really competitive year in 2020, who will come out on top?
didnt you have your own coin/token or something? cool to see pvx as a starting pair..
dexs will be really big in the coming years, so is this p2p directly then bisq style? ill have to try it out here tonight a bit more....
the term got so hyped this year its hard to see whats real right now

Hope that you like our pDEX. Yes, we have our own token PRV, which you can get on the pDEX:)
Plus we give 1PRV for free when you download the wallet, so it is enough for the beginning.

[incognitochain]

Hi all!
 
Incognito pDEX is the first completely anonymous exchange – no KYC, no records of buyers, sellers or transaction amounts. No third party risk – you control your money and hold your own private keys. 100% private, decentralized, scalable, with cross-chain liquidity. What else do you need?
 
 

The pDEX trading Competition is LIVE

Now, you can trade your favorite pairs with 100% confidentiality and win crypto prizes of up to $1400 monthly. Winners will be chosen based on number of transactions made, and will be announced every week.
 

➥ Get competition details here

[zeze18]

Yes, it is available. Download wallet you can here:

https://apps.apple.com/us/app/incognito-crypto-wallet/id1475631606?ls=1
https://play.google.com/store/apps/details?id=com.incognito.wallet

Great start for new projects which already have both ios and android apps which is expensive for development. I think this project is really serious and ready to compete with other exchanges, and the anonymousity features could be the one that people are looking for, i'll give a try.

[incognitochain]

Yes, it is available. Download wallet you can here:

https://apps.apple.com/us/app/incognito-crypto-wallet/id1475631606?ls=1
https://play.google.com/store/apps/details?id=com.incognito.wallet

Great start for new projects which already have both ios and android apps which is expensive for development. I think this project is really serious and ready to compete with other exchanges, and the anonymousity features could be the one that people are looking for, i'll give a try.

Thank you! We are always happy to hear your feedback:)

[incognitochain]

Hi, all!

Thank you for your activity and participation in the Incognito Trading Competition. Don’t forget to track your results on the Trading Leaders Board.

First results are already here

[incognitochain]

Hello! We are happy to announce the first winners of the Incognito Trading Competition:

1st place: $200 prize (in PRV)
2nd place: $100 prize (in PRV)
3rd place: $50 prize (in PRV)

View the Trading Competition leaderboard here: http://bit.ly/2EDUrSy

Congratulations! December 25, 2019, winners will automatically receive their winnings in the wallets listed above. Winnings will be paid out in PRV (using the USDT/PRV rate on the Incognito pDEX at the time of transfer)

⚠️Important announcement: The competition going forward will focus on the quality of transactions in addition to quantity. Winners will be selected based on not just the number of transactions, but also their trading volume.

Results will be calculated according to this formula:
Score = (Total No. of Transactions/100 * No of your Transactions) + (Total Volume / 100 * Volume of your transactions)

[incognitochain]

Incognito has been awarded the Binance X fellowship

The grant will be used to fund development of Portal – a 100% trustless bridge that will turn any coin into a privacy coin.
We’re proud to help @binance and @BinanceX achieve their goal of crypto adoption on a global scale – ensuring our fundamental right to privacy is protected in a borderless, digital world.

Learn more: http://bit.ly/35uBDAa

[slaman29]

How can it be private if it's just become a fellow with BinanceX? Or do I misunderstand that private here has something to do with privacy? For me, if you're linked to Binance somehow, then you sooner or later are going to be doing KYC, which is fine by any means, but Binance has super close links to China (it supports the government there). What happens when China one days demands all fellows to reveal user data? What will this mean for users?

[incognitochain]

How can it be private if it's just become a fellow with BinanceX? Or do I misunderstand that private here has something to do with privacy? For me, if you're linked to Binance somehow, then you sooner or later are going to be doing KYC, which is fine by any means, but Binance has super close links to China (it supports the government there). What happens when China one days demands all fellows to reveal user data? What will this mean for users?

Hey!  Sorry for late reply, missed your last message.


The binance granted incognito team to build a tool for BNB. The pDEX do not belong to the binance and has no relation with that company.

[jacafbiz]

For me the people marketing and branding this project can do a better job with this weird brand Private DEX, I don't see how this is different from Shapeshift or other wallets like Crypto.com is doing on their wallet. This is not new or the first, though I think the team will need to market it and make it sound novel IMO

[incognitochain]

Hey guys! We haven't been posted this topic for a while, but we haven't stopped building. Would like to share with you the latest updates

Liquidity pools on pDEX grow significantly. From 200k to $18M, trading volume has grown from $6k to $200k in daily trading volume. 

>

Verify data here: https://incscan.io/pdex
Find more about Incognito DEX here:  http://incognito.org/