The World Economic Forum believes that by 2025, blockchain technology will grow tremendously and account for over 10% of global GDP. It will be an excellent achievement for the crypto ecosystem. However, to prepare for this event, all crypto platforms must improve their game and provide better services.
DIFX has already implemented new functionalities starting with our latest Smart Contract migration. We are excited to announce that we have upgraded our existing smart contracts by auditing them to promote sustainability and improve trustworthiness. To understand the efficiency of this update, we first must understand the importance of smart contracts in a blockchain platform.
What does the migration mean for the existing DIFX users?
DIFX is a blockchain-based cross-asset trading and exchange platform that promotes long-term investment in the crypto space. The platform connects prime brokers, corporations, and individuals in a single space to solve real-world financial problems.
The migration to the new smart contract ensures all the inner gears of the ecosystem are working flawlessly. Additionally, the contract has been successfully audited by DeDaub and the new upgrade will extend the lock-in period of team tokens until 2024.
This extension is done keeping in mind the ideology of DIFX to ensure long-term investments in the crypto space with better rewards. This version 2 of the smart contracts will offer long-term sustainability and better transparency and security while using the services.
New tokens working on the new model of smart contract will be available to all the users post 30th June 2021. Also, before deploying the new smart contract, all the old tokens from the previous smart contract will be burned.
These smart contracts are migrated for all our products and will improve the functionalities of the services such as:
DIFX Token
The DIFX token acts as the base for all the services offered by the DIFX ecosystem by acting as the medium of exchange. Users can make anonymous global payments using the tokens, and the token holders can leverage a 50% discount on trading fees. With the latest update in smart contracts, token holders will be able to observe better profits.
The Multi-Currency Wallet
Any digital wallet relies on secure smart contracts to fight off any malicious attacks. This version of the smart contracts will ensure that traders can securely store their assets in wallets.
The smart contract migration to v2 is a big step for our ecosystem and community and is the first of many more updates to come.
Etherscan Addresses for DIFX Tokens
Old DIFX Smart Contract: 0xefA64D3d5431dBcE85eBCb87e51a5625243d1A55
New DIFX Smart Contract: 0x9792409AE27726d337aF30d701Ab525372495607
About DIFX
DIFX is a hybrid model of decentralized exchange that incorporates centralized finance using blockchain technology. It is a user-friendly platform well suited for beginner and advanced traders, institutions, and investors. The company aims to promote the use of digital currencies for direct settlement between receiver and payer by eliminating intermediaries.
DIFX exchange offers several solutions, all powered by the new smart contracts v2, such as:
- User-Friendly Interface
- Dedicated Support with AI-based query Resolution Bots
- Dedicated Cloud Servers
- Regular Security Audits to Eliminate Price Manipulation and Front Running
- Token Vetting and Pre-screening
- Assured Price Uniformity with other Leading Exchanges
- Wide Bandwidth to Accommodate Numerous Transactions per Second
Learn more about DIFX by visiting www.difx.io
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