Dex223 Blog

D223 Trading

On January 23, D223 trading started on BitMart's CEX. It seems that BitMart had some technical difficulties, on the first day of opening deposits users saw the ERC-20 tag in the interface when depositing D223, which was massively reported in the Dex223 Telegram community. The delay of USDT ERC-223 listing may be related to this. Obviously, the work of deposit/withdrawal bundle with EIP-7417 and the user interface on the exchange should work correctly 24/7.

Dex223 and Aggregators

D223 listing allows to simplify the work with such aggregators as CoinGecko and CoinMarketCap. Currently, a presence on such aggregator sites is mandatory for any crypto project in terms of visibility and providing concentrated information for users.

The report states that this may take some time. This is true, it is unclear whether this is due to the fact that the amount of information being processed is constantly multiplying, or whether it is their internal problems. You should be patient.
It is already possible to use tools from TradingView, but it is worth remembering that the D223 token has not been in the trading environment for very long and some metrics, especially buy/sell, should not be blindly trusted.

Fiat Gateway for Dex223

Integration with SimpleSwap as a fiat gateway is a functionality not announced in the roadmap that greatly enhances Dex223 as a one-stop platform: deposit or withdraw fiat money; trade cryptocurrency on spot or on margin conveniently in one place.

SimpleSwap, as a custodial service, certainly has some limitations and inherent policies. But despite the constant talk of decentralization, the gateway between the world of fiat currencies and cryptocurrencies for now remains custodial services. Even the p2p platforms provided by CEX, where seemingly people sell each other cryptocurrency are not decentralized, because when it comes to transferring fiat currency, it's still dealing with a bank – a custodian.

The presence of a fiat gateway will have no effect on Dex223's other features and their commitment to the decentralization philosophy. Everyone will decide for themselves whether they should use this service, and for some it will clearly be a plus and a convenience.

EIP-7417 stops at the “Review” status

EIP-7417 is a basic protocol layer proposal, meaning that this proposal must exist as a singular entity. This characteristic makes it impossible to use the template for updatable smart contracts. Indeed, just as the report states, once the EIP is finalized, there is no way to change it and everything will have to start from scratch. The decision to stop the progression of EIP-7417 now in “review” status is both prudent and pragmatic.

Deployment of Dex223

The most anticipated for all involved members of the crypto community is of course the launch of Dex223, and it is coming.

As reported by the Dex223 team at the launch there will be basic functionality:

Exchange
Liquidity Pools
Automatic Listing

Given the 0% exchange fee stopped at 0%, we should expect new information soon, for example regarding liquidity providers.

The deposit smart income contract for D222 holders will not be available at the start of Dex223. For D223 holders this contract is the core of the income mechanics, obviously it will be tried and tested several times, besides with 0% trading commission it is not necessary to have it at the start. It will allow someone to increase their D223 holdings, potentially the start of the yield feature could be accompanied by D223 volatility (not a financial tip).

The launch of Dex223 will also allow the platform and its token D223 to be tracked on platforms such as DeFi Llama and DEX Screener, further increasing the visibility of both Dex223 and D223.

Dex223 margin trading

Interestingly, Dex223 plans to expand this functionality further. Initially, margin trading was only announced on Dex223 itself. However, if successful, potential enhancements could enable Dex223 to function as a liquidity aggregator.

For example, platforms like Uniswap and Pancake Swap rely solely on the liquidity provided within their own pools for trading. In contrast, DEXs like 1inch and Dodo aggregate liquidity from multiple sources, including other DEXs, allowing them to offer better trading opportunities—even when the required tokens are not available in their own pools.

Conclusion

In addition to the points listed in the review, the developers have been fixing Dex223 UI bugs, working on marketing material, as well as adding a blog section to the website aggregating Dex223 related articles and news.
The early launch of Dex223 is nothing short of exciting for investors and engaged community members. Increasing functionality by adding a fiat gateway and expanding margin trading beyond Dex223's own liquidity potentially increases the user base. As does the addition of CoinGecko and CoinMarketCap to the platforms. Which in turn brings Dex223 a few more steps closer to success.

Sources and references

Buy Dex223's D223 Tokens with Bitmart.

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Note: This review of development reports is entirely the author's vision. It is not a call to action or investment advice.
This article is for informational purposes only and does not constitute financial advice. Investing involves risk, and you should consult a qualified financial advisor before making any investment decisions. Original reporting sources are credited whenever appropriate and as required.

Dex223: Overview of the development report for December–January