Nobitex unveiled its decentralized exchange and non-trust wallet; Nobidex, Lockvolt and a start for the development of DeFi in Iran
Nobitex Group has unveiled the decentralized exchange “Nobitex” along with the “Lockvolt” non-trust wallet. These two products are now publicly released and can be used by all users. In addition, Nobitex has various plans for the development of these two products and activities to expand its services in the field of DeFi.
On Monday, August 30th, an event called “DiFi Day” was held, hosted by Nobitex Group, with the presence of experts and members of the blockchain and digital currencies community, digital economy activists and media. Amirhossein Rad, the CEO of Nobitex, unveiled two new products of this group in the field of DeFi (decentralized financial affairs), one of which was the decentralized exchange Nobitex and the other was the non-trust wallet Lockvolt.
Like UniSwap, PancakeSwap, dydx and many famous protocols active in the field of DeFi, NobiDex is a decentralized digital currency trading market; This means that the processes related to the exchange of digital currencies, including the processing of transactions and orders, are carried out using smart contracts, and unlike centralized exchanges, the user can directly exchange and convert different digital currencies from his personal wallet. slow each other; Without the need to pay a fee to transfer from a personal wallet to a centralized platform.
Novidex currently supports the popular Arbitrom network and it is possible to trade WBTC/USDT, LINK/USDC, ARB/USDT, WETH/USDT and WETH/USDC currency pairs. Of course, in the future, more networks such as Binance Smart Chain (BSC), Polygon, Tron, Phantom and other blockchains that are compatible with Ethereum Virtual Machine (EVM) will be supported and more diverse currency pairs will be added to it.
The transaction fee in Nobidex is competitive with other decentralized platforms in the range of 0.1 to 0.2%, and the amount is deducted from the received coin after conversion and then credited to the user’s account.
The next key advantage is that in Novidex, due to the implemented mechanisms for ease of use for users and maximizing the speed of transactions, the network transfer fee is zero and there is no need to pay per transaction. In addition, the Persian language is supported in the Nobidex user interface so that users with any level of experience in the field of digital currencies can use this platform.
Login to the decentralized Nobidex exchange
Lockault; The gateway to the decentralized world
As mentioned, interacting with decentralized applications, including the decentralized Nobidex exchange, requires the use of a personal wallet that is solely controlled by the user. Lockvolt, another product that was unveiled during the DiFi Day event, is a native Nobitex wallet that can be used by users both as a mobile application and as an extension in prominent browsers such as Google Chrome.
The term “non-trust wallet” is used in the introduction of Locket Volt; That is, in this wallet, unlike centralized exchanges or even other wallets that are custodial, users have personal control over the address and related assets, and the private key that is used to control the wallet, other than the owner of the wallet, It is not available to anyone else. This makes the use of Lockvolt without the need of a trust agent, and practically the user no longer has to accept the security risks of using centralized instances and provide his assets to other platforms.
Users who are looking for more security and control to keep their assets use non-trusted wallets. In Lockvault, like other valid non-trusted wallets, the user must write down his recovery words and keep them offline and non-digitally in a safe place, so that in case of any problem such as the device being lost or stolen, the program being deleted, etc. , he can easily access his assets again using the same recovery words that were written down on paper.
Lockvolt supports Farsi and English languages and has a very simple user interface. This wallet supports 9 Bitcoin networks, Ethereum, Tron, Binance Smart China, Polygon, Phantom, Avalanche, Optimism and Arbitrum, and it is possible to manage assets and deposit and withdraw thousands of tokens on these 9 networks in Lockvolt.
It should be noted that it is now possible to download the Android version of the Lockvolt application from Lockett’s website And likewise, there are valid application stores through the link below, and the iOS version and browser extension of this wallet will also be released soon.
Download the Lockvolt application
Connecting lockvolt to nubidex
LockVault uses WalletConnect version 2, which is a tool for connecting wallets to decentralized applications and interacting with smart contracts. Therefore, it is possible to connect to Nobidex and other apps, DeFi platforms, various decentralized exchanges, lending platforms, etc. with Lockvolt.
In this way, after making a purchase in Nobitex and transferring his assets to LockVault, the user can simply connect LockVault to Novidex and start trading digital currencies on a decentralized platform without the need for a centralized platform.
Defiday’s hackathon; Competition for the development of decentralized financial services
In order to develop innovative ideas in the field of DeFi, Nobitex also organizes a one-month competition to attract new and creative ideas in this industry.
DeFi Day hackathon started on 30 August and blockchain programmers, teams active in DeFi, people who have an application, platform, design or idea in the subjects of competition, software and blockchain researchers and students can register and compete in it. .
Those interested can participate in this competition by presenting their idea or project by registering the project link created on GitHub or similar Git service or in PDF format.
In addition to the two prizes of 100 million Tomans, Nobitex has considered points for top projects, including adding top applications to Lockvolt and listing the top project token on Nobitex, in the continuation of supporting projects and actions related to DeFi.
During the hackathon, 6 training workshops will be held free of charge with the presence of experts in the field of DeFi. Those who are interested can register for DiFi Day hackathon through the link below and by referring to the Nobitex website.