Dexilon – Decentralized Derivatives with Limit Orderbook

Project description

Dexilon is the first DEX that is run on a limit order book powered by the native blockchain. Democratically managed by the community in a trustless and verifiable way from the world’s leading brands.

Core features making Dexilon unique and easy for users onboarding:

• A straightforward email address registration.
• USD entry through alliances with payment processing partners (e.g., Stripe).
• Exclusive entry to authenticated digital collectibles endorsed by globally recognized brands.
• Various options to purchase, sell, exchange, bid on, and gift collectibles.
• Flaunt your collectibles on social media platforms.
• Engagement through gamification — enhance your Chronicle profile.
• Reward acquisition through Chronicle’s native XNL token, applicable for trading discounts and priority access to limited edition collectibles.
• An intuitive user interface with each user allocated a wallet for collectible storage, while Chronicle manages all blockchain activities on the backend.

Zpoken developed

The development process for Dexilon exchange, a trailblazing decentralized exchange (DEX) featuring a limit order book on its native blockchain, is methodical and multifaceted.

1. Discovery & Research: This foundational phase involved a comprehensive needs analysis to understand the project’s core requirements and objectives. A competitive analysis was conducted to identify gaps and opportunities in existing decentralized solutions. Key stakeholder interviews were instrumental in gathering insights, expectations, and special considerations.
2. Architecture: The system design was meticulously planned using C4 modeling, establishing the structure, components, and their interrelations. We carefully selected blockchain networks, technologies, tools, and platforms, focusing on the logic, functions, and interactions of smart contracts. Data flow and security protocols were rigorously designed, incorporating advanced cryptography research.
3. Development and Implementation: Our approach leveraged Solidity for Ethereum smart contracts and Go for Cosmos smart contracts, ensuring robust and scalable solutions.
4. Testnet Release: Prior to full deployment, the platform was rigorously tested on a testnet to ensure optimal performance and security.
5. Audit & Mainnet Launch: A thorough audit was conducted to ensure the integrity and security of the system before the mainnet launch.

Dexilon distinguishes itself with decentralized derivatives, a distributed limit order book, self-custody, decentralized data oracles, transparent and auditable trading, and liquidity incentives, all democratically managed by the community. This development process ensured a platform that delivers high performance, transparency, and user empowerment in the decentralized finance space.