I heard the name but never had the opportunity to experience it, if they are allowing cross-border conversion for less fee then it should be the best-decentralized exchange, to be honest. Maybe the name should be exposed more for the more people to find out.
If possible please leave the link to that exchange so I can avoid ending up a clone site of bitshares.
The official exchange's interface can be accessed here:
https://wallet.bitshares.org. Believe me, Bitshares is one of the best decentralized exchanges in the crypto/Blockchain space. What's missing is liquidity and marketing/promotion for the project to become a widespread success in the mainstream world. If the community worked together to make this happen, BTS could very well hit prices above $1 in the future. Yet, people are more focused on smart contract platforms like Ethereum and Binance Smart Chain than anything else. As long as such platforms are in the spotlight, Bitshares won't be going anywhere. At least, the idea is there. Making it a success is another story.
3 seconds processing time is quite fast for a DEX. I see that they also support smart contracts and all that DeFi stuff but people are probably unaware of that like what Coolcryptovator said. One reason I could think of why it's still unpopular is they were late to catch up with the trend. There are also other blockchains with SC, DeFi, and even NFT but they're not as popular as BSC, Polkadot, and Polygon.
What are the utilities of BTS by the way? Can it be use to farm more BTS or other tokens as well?
I don't think Bitshares has smart contract capabilities yet. With EOS in play, there may be no need to integrate smart contracts on the Bitshares blockchain. After all, EOS was co-founded by the same person who created Bitshares in the first place. The first DPoS platform is well-suited as a DEX than anything else. 3 second block times could really boost the adoption of Bitshares in the mainstream world. What's missing is marketing/promotion for the project to reach new heights. Without this, people won't become aware of a decentralized exchange that's often better than its ETH-based counterparts. The vast majority of people are focused on other big players on the market right now, so BTS will continue to remain under the scene for quite some time.
As far as I know, you can't use your BTS to farm other tokens. It's only useful for voting/governance, on-chain TX fees, and maker/taker fees. You can run a witness node by yourself, and earn some BTS if you get elected as a witness on the Blockchain. This is something similar to what other DPoS blockchain networks like ARK and LISK do today. There many other things you can do with BTS such as creating your own token on the Blockchain (UIA), sending private transactions (STEALTH), and getting a loan for margin trading. BTS extremely convenient for micropayments as fees are dirt-cheap. Taking into account the features BTS provides vs its current price, I'd say the cryptocurrency is quite a bargain these days. Who knows if it reaches $1 sometime in the future?
