WELCOME TO SENDEX
SenDEX Introductions
Last updated
SenDEX Introductions
Last updated
We revolutionize the future of DeFi by providing the industry-leading ecosystem, blockchain, exchange and end-to-end financial platform within a community-governed ecosystem.
Why do we need SenDEX to help achieve true Decentralization?
The distribution of funds in the crypto space is still relatively centralized with the majority of funds in the hands of relatively few. Part of this is because the technology is still in its youth and adoption still hasn’t reached the masses, although the path towards real mass adoption is getting clearer by the day. The Problem of centralized funds still persists as a lot of coins and tokens are in the hands of a few big players in the industry.
In order to further disperse these financial resources and give everyone a fair chance of participating in an independent market, exchanges mark a pivotal point. A widespread allocation is only possible if there are a lot of different - ideally independent and decentralized - exchanges that grant access to assets with each acting as a sort of contingency for another, avoiding risk of corruption.
The requirements for those exchanges are steadily rising and rightfully so. Investors want to be able to voice their concerns when putting their hard-earned money at risk and the weight of their voice has been rather small in the past. It's clear that it's one of the major challenges for exchanges and DeFi projects to empower the individual investors and give them the right to vote on important decisions. With growing desire for participation comes the question on how to meet the needs of the growing crypto community.
SenDEX Chain offers its users' participation through an elaborate voting and consensus mechanism that strives to best represent the interest of each one of their investors through nominating the most trustworthy validators (nodes that supply the blockchain with the hardware necessary) and voting upon a trusted council to ensure long term stability of the chain and the trading D'Apps deployed on its native SenDEX Chain.