Binance DEX – Decentralised Exchange Preview (Preview 2)

Hello Binancians this is the Binance
DEX development team and we've taken a very brief break from coding just to
show you some of the things that we've been working on recently so in this
video we have a new trading interface for the DEX to show you we have a web
wallet and we have a blockchain Explorer and all of these things will be made
available on a test net soon so the first thing we'll do is create a new
wallet and we have a couple of options here we also plan to add some more
options in the future so we'll choose this option which will generate a 24
word seed phrase for us and this seed phrase should be backed up in a safe
location ideally on a piece of paper or on a USB Drive that is in a safe place so this is our seed phrase and I'll copy
that to the clipboard there's also an option here to export your private key
if you wish to do so but for now I'll just continue to unlock the wallet to do
that I'll enter the phrase that I was just given and I'll be then taken to the
trading interface which will look very familiar to you if you've used the
Binance.com platform in the past the only real difference aside from layout
changes is that there is a balances tab on the bottom panel here that will tell
you the balances of your account and right now you'll see that I don't have
any funds in this particular account another change to the interface is that
there is a user icon in the top right corner here and that tells me my wallets
address and I'll copy that for later use and in order to fund this account I'll
just switch over to the unlock screen again and log into a wallet that has
some test net funds that I can send oops wrong screen this one okay and once I've
unlocked that wallet I'll be able to click the balances
navigation button at the top and that will tell me my account balances this
account has just under a million test net BNB tokens so I will send some of
those to my wallet that I created previously there's a flat fee for
transfers on Binance chain and my available tokens are shown on the right
side here and I just have to confirm what I've entered in order to send that
transaction to the blockchain okay so I'll just log in to my previous wallet
again and we should now see the BNB that I sent to this wallet so there it
is and now I'm able to place an order so I'll just buy 100 NNB for a price of
11 BNB oh and that one filled immediately so there it is in order
history and in the trade history we can see the list of individual trades that
filled my entire order and in balances I can now see that I have 100 NNB which
is a test net token that we use to test the system okay in order to demonstrate
an order that will not fill immediately I will sell the NNB that I just bought
for a high price let's say 25 BNB and I want to sell 100 NNB
so I've added that order now and it's shown up in the open orders tab and it
hasn't filled but this order probably won't fill because the price is too high
so I will cancel this one for now and in the order history I can see that that
one was cancelled so the last thing to show you then is the blockchain Explorer
which looks like this and in this search box at the top we can search for an
individual block by block height we can search for a transaction an address or
order ID so in this case I'm going to paste a transaction ID which corresponds
to the first order that I placed on the last screen and when I search for that
transaction ID I can see that the transaction type was placed order I can
see the value of this transaction and I can see the order data here I can also
click on the address to see my addresses balances and you can see the NNB coin
that we bought earlier here as well there's also a list of assets on the
Explorer and this will list all of the coins that are that were issued on the
platform and the home page gives us some basic stats about both the blockchain
and the price of the BNB coin there's also a list of blocks and a list of
transactions to see as well and this is the page for an individual
block we can navigate through the blockchain using these arrows and we can
also view the transactions that were included in this particular block and
okay that concludes our demo for now we will get back to you shortly with some
more exciting features and we're always happy to hear your feedback so thanks
for watching

You May Also Like