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Zurich, Switzerland, May 26, 2021 (Global News)-EMCODEX.org today announced its expected launch of the first global emerging commodity decentralized exchange (DEX). The purpose of EMCODEX is to use blockchain technology to democratize the commodity market. Only a few large global commodity trading companies that have yet to appear dominate the commodity market. Some of the most famous deals involve oil and coal, agriculture, metals and diamonds.
EMCODEX is investing time, energy and money to eliminate the current obstacles in the commodity market. These obstacles actively hinder the production of various new products. On the contrary, in a decentralized market, technology allows investors to trade directly without having to operate in a centralized exchange. The “old” trading methods in the commodity market have deeply entrenched companies, forcing producers to reduce profits and charge high service fees. This applies whether the producer is trading actual products, trading to secure prices, or for speculative purposes.
One of EMCODEX’s goals is to enable emerging products to flourish in its internal EMCODEX standardized list. It encourages entrepreneurs to raise funds for launching new ideas in a decentralized manner on the blockchain, while using decentralized funds (DeFi) to eliminate intermediaries in financial transactions.
Currently the most popular blockchain technology in the cryptocurrency field is not only an uncertain buzzword. On the contrary, its global impact is changing the entire society. Bitcoin is the most popular application, which makes people’s financial life easier through digital wallets. No physical transfer is required when making transactions, which is safer and safer than cash or credit cards. Only transaction records. Cryptocurrency has great potential and is known as a currency destroyer.
EMCODEX CEO and cryptocurrency expert Tomasz said: “According to the British “Financial Times” comment, the net profit of the world’s top 20 independent commodity traders reached a record of 36.5 billion U.S. dollars in 2008, up from 2.1 billion in 2000. The U.S. dollar increased by about 1600%. “The past ten years have shown that the profits of these 20 trading companies were US$250 billion, more than the world’s top five automakers combined. I am totally opposed to centralized systems. “
EMCODEX and other important undertakings, such as the newly discovered substance Xanthihumal, are taking creative and destructive actions to change social norms and create a better and fairer world, where everyone has the opportunity to profit from investment.
Tomasz continued: “It’s really frustrating to want to make certain transactions and find them out of reach. The EMCODEX series hope to be called a “one-stop shop”, centered on a decentralized commodity exchange, focusing on product trading. In the field of emerging products, anyone can list and standardize a new product without the permission of the central agency.”
EMCODEX uses military-grade Cypress technology. Users will not suffer the risk of hacker theft because the blockchain is enabled to increase the transparency of orders. EMCODEX is using the “$emco” cross-chain token. The exchange of native tokens enables you to participate in exchange management, liquidity pools and EMCODEX emerging projects.
Tomasz added: “Now that the commodity market has been decentralized, we will now see blockchain as a real power in commodity opportunities.” “EMCODEX has been able to provide independence and comprehensive trading options well, and All product groups can be accessed. EMCODEX greatly reduces the risk of theft. Our company will prevent price manipulation and false trading volumes (namely wash trading).”
For more information, please visit EMCODEX.org.
Media contact
Company name: EMCODEX
Contact: Tomasz Tokarski
e-mail: jdd@emcodex.org
website: https://emcodex.org
Twitter: https://twitter.com/EMCODEX_
source: EMCODEX
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