I was asked: What’s the difference between a CEX and a DEX?
My answer: Many DEXs don’t have order books. Instead, they use liquidity pools and automated market-making formulas to set prices, such as Uniswap on Ethereum. Anyone can create a new pool on a DEX, so the barrier to listing tokens is low—and fake tokens with the same name are more common. Always check the contract address to identify a token.
$BNB 743.33（+1.04%）
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My answer: Many DEXs don’t have order books. Instead, they use liquidity pools and automated market-making formulas to set prices, such as Uniswap on Ethereum. Anyone can create a new pool on a DEX, so the barrier to listing tokens is low—and fake tokens with the same name are more common. Always check the contract address to identify a token.
$BNB 743.33（+1.04%）
What other topics would you like to see? Leave a comment below.
#BNB