Global fintech BANKEX announced on Monday the launch of its new Telegram Token Exchange technology platform, TEX. According to Bankex, the Exchange displays and matches all trading orders for trades made with MainWallet ecosystem.
“The operating principle of TEX exchange is very simple and can be used with any modern messenger. You add a special bot @mainwalletbot to your current or new group chat as admin and then create a trade using the format command, for example: /trade 942 TRX for 0,1 ETH. This command creates an offer in a group chat and another member of the group can answer it. And here TEX starts to work – the trade offer is duplicated to the general channel of TEX exchange @mainwallettex which is available to all users of telegrams and can match interesting deals. This system provides trading liquidity for tokens, with focus on loyalty points use case.”
Bankex also revealed that Telegram Token Exchange takes a commission from trades, the standard commission is now 0.25% for the maker and 0.25% for the taker. Bankex then added:
“The most interesting thing is that the revenue is shared between the owner of PayBot and the administrator of the group in which the deal was created. This creates an opportunity for all ecosystem participants to make money, not just for the exchange as it is now in other markets. The token exchange with a native interface in the messenger has no analogues in the world now, it’s a really advanced and innovative financial technology, try MainWallet and see how it works.”
Founded in 2015, Bankex has developed a crowdsource proof-of-asset protocol of liquidity and an ecosystem built around it. The protocol facilitates digitization, tokenization and exchange of real assets. The company’s mission is to add liquidity to assets that have an underrated value due to the way that classic financial markets currently operate.