{"id":21734,"date":"2020-01-18T22:00:57","date_gmt":"2020-01-18T21:00:57","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=21734"},"modified":"2023-02-07T12:45:07","modified_gmt":"2023-02-07T12:45:07","slug":"polonidex","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/polonidex\/","title":{"rendered":"Poloni DEX &#8211; What is it and how does it work? &#8211; Review"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>The decentralized exchanges (DEX) are the evolution of the traditional exchanges<\/strong>, and they are outlined as the future of the crypto currency trading. That&#8217;s why today we will talk about <strong>Poloni DEX<\/strong>, a decentralized exchange based on the TRON network that was acquired by the well-known <a href=\"https:\/\/crypto-economy.com\/poloniex\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>cryptocurrency exchange Poloniex.<\/strong><\/a><\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<h2 style=\"text-align: center;\"><strong>** update **\u00a0<\/strong><\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">PoloniDEX is now Decommissioned. <\/p>\n<p>Click here to sign up Poloniex: <a href=\"https:\/\/t.co\/y3Gl0PQ4GI\" target=\"_blank\">https:\/\/t.co\/y3Gl0PQ4GI<\/a> <a href=\"https:\/\/t.co\/gbUaB9PcmU\" target=\"_blank\">pic.twitter.com\/gbUaB9PcmU<\/a><\/p>\n<p>&mdash; PoloniDEX (@PoloniDEX) <a href=\"https:\/\/twitter.com\/PoloniDEX\/status\/1476842976613904389?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 31, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: justify;\"><strong>What is Poloni DEX?<\/strong><\/h2>\n<p style=\"text-align: justify;\">Poloni DEX is the name change of the Tron TRXMarket DEX after it was acquired by Poloniex on November 27, 2019.<\/p>\n<p style=\"text-align: center;\"><em>&#8220;TRXMarket has been officially updated to <strong>#PoloniDEX<\/strong> , a significant move for the <strong>#TRON <\/strong>ecosystem. We believe that after joining <strong>@Poloniex<\/strong> , TRXMarket will have access to more premium resources and be in a position to better serve community members.\u201d ,they announced on Poloniex&#8217;s twitter.<\/em><\/p>\n<p style=\"text-align: justify;\">TRXMarket besides being a decentralized exchange based on the trunk network, is one of the super representatives of TRON.<\/p>\n<h2 style=\"text-align: justify;\"><strong>Registration at Poloni DEX<\/strong><\/h2>\n<p style=\"text-align: justify;\">Registration in this decentralized exchange is quick and easy.<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #ff0000;\">1]<\/span> <\/strong>Go to the <strong>PoloniDEX<\/strong> page and press <span style=\"color: #ff0000;\"><strong>[SIGN IN]<\/strong><\/span> at the top right.<\/p>\n<p style=\"text-align: justify;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-21737\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/polonidex-registro.jpg\" alt=\"poloniex register\" width=\"825\" height=\"394\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong>2]<\/strong> <\/span>You will see a message saying that you need to log in with TRONLINK, if you already have an account with Tronlink you will be able to access the exchange, otherwise click on the indicated <a href=\"https:\/\/chrome.google.com\/webstore\/detail\/tronlink%EF%BC%88%E6%B3%A2%E5%AE%9D%E9%92%B1%E5%8C%85%EF%BC%89\/ibnejdfjmmkpcnlpebklmnkoeoihofec\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>link<\/strong> <\/a>to create your account.<\/p>\n<p style=\"text-align: justify;\"><strong>TRONLINK is a TRON wallet<\/strong> that works under a Google extension, when installed it will appear in the top right of your Chrome browser&#8217;s address bar.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-21738\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/tronlink-register.jpg\" alt=\"tronlink-register\" width=\"527\" height=\"663\" \/><\/p>\n<p style=\"text-align: justify;\">Insert a password and save it in a safe place. The next step will be to create a <strong>new wallet<\/strong>, <strong>name<\/strong> it and <strong>backup<\/strong> the recovery words.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-21739\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/crear-wallet-tronlink.jpg\" alt=\"tronlink wallet creation\" width=\"527\" height=\"663\" \/><\/p>\n<p style=\"text-align: justify;\">Now your wallet will be configured and ready to use. Once installed and configured, we can continue <strong>accessing PoloniDEX<\/strong> by clicking on the <strong>[Exchange]<\/strong> icon located on the top of the wallet.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-21740\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/entrar-en-polonidex.jpg\" alt=\"poloniex entrance\" width=\"527\" height=\"663\" \/><\/p>\n<h2 style=\"text-align: justify;\"><strong>Trading in Poloni DEX How is it done?<\/strong><\/h2>\n<p style=\"text-align: justify;\">To be a <strong>decentralized exchange, PoloniDEX<\/strong> is very visual and intuitive for the user. If you are used to using cryptomoney exchanges, you won&#8217;t have any problem when using it.<\/p>\n<p style=\"text-align: justify;\">But if you are a user with little experience in the sector, don&#8217;t worry, we will teach you step by step how to use it.<\/p>\n<h3 style=\"text-align: justify;\"><strong>Transfer of funds<\/strong><\/h3>\n<p style=\"text-align: justify;\">As in any DEX or centralized exchange, the first thing we have to do to trade is to make a deposit of one of the accepted cryptocurrencies.<\/p>\n<p style=\"text-align: justify;\">To do this click on<strong> [Balances]<\/strong> located on the top right of the menu, this window will show all the cryptocurrencies accepted by the platform and on the right side 3 buttons:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-21741\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/depositos-en-polonidex.jpg\" alt=\"polonidex deposits\" width=\"825\" height=\"327\" \/><\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>Receive<\/strong>: From this link we will obtain the deposit address to deposit funds in our account.<\/li>\n<li style=\"text-align: justify;\"><strong>Send<\/strong>: From here we will send funds to an account outside the DEX.<\/li>\n<li style=\"text-align: justify;\"><strong>Trade<\/strong>: It will take us to the trading platform to trade with the chosen token.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><strong>DEX Interface<\/strong><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-21744\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/interfaz-polonidex.jpg\" alt=\"polonidex\" width=\"825\" height=\"402\" \/><\/p>\n<p style=\"text-align: justify;\">Understanding what we see when we enter an exchange is essential for proper trading.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong>1]<\/strong><\/span> In this part we will see the <strong>pairs available for trading<\/strong> in polonidex, in this case, being a TRON exchange, all the available tokens will have their pair with TRX, some also have pair with USDT.<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #ff0000;\">2]<\/span><\/strong> This window shows the <strong>history of the last transactions<\/strong>, telling the time, price and quantity of tokens exchanged.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong>3]<\/strong><\/span> Here we will see the <strong>graphs of the different cryptocurrencies.<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #ff0000;\">4]<\/span><\/strong> <strong>Buying \/ Selling tokens area<\/strong> (we will explain it in more detail later).<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong>5]<\/strong><\/span> Listing of <strong>sales orders.<\/strong><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong>6]<\/strong><\/span> Listing of<strong> purchase orders.<\/strong><\/p>\n<h3 style=\"text-align: justify;\"><strong>Polonidex token exchange<\/strong><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-21742\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/trading-polonidex.jpg\" alt=\"trading-polonidex\" width=\"622\" height=\"344\" \/><\/p>\n<p style=\"text-align: justify;\">Once the information provided by the platform interface is obtained and the funds are entered into the platform, we can proceed to buy \/ sell the desired token.<\/p>\n<p style=\"text-align: justify;\">As you can see the interface is very easy to understand, on the right we will have the sale section and on the left the purchase section.<\/p>\n<p style=\"text-align: justify;\">Once you have decided on the purchase or sale price, all you have to do is indicate it in the<strong> [PRICE]<\/strong> box, underneath you have to put the amount of tokens you want to buy \/ sell and click on the corresponding button.<\/p>\n<p style=\"text-align: justify;\">In a few moments the operation will be carried out and the balances will be updated in the corresponding wallets.<\/p>\n<h2 style=\"text-align: justify;\"><strong>Conclusions<\/strong><\/h2>\n<p style=\"text-align: justify;\">Undoubtedly the acquisition of Poloni DEX by Poloniex can bring great benefits to both the exchange and the TRON project.<\/p>\n<p style=\"text-align: justify;\">Among other things, this union brings to Poloniex a &#8220;decentralized arm&#8221; and a path towards the <a href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Decentralized Finance (DeFi)<\/strong><\/a> and to Tron the solidity and experience of a worldwide recognized exchange.<\/p>\n<h2><strong>Links of interest<\/strong><\/h2>\n<ul>\n<li><strong>Telegram<\/strong>: <a href=\"https:\/\/t.me\/PoloniDEXEN\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/t.me\/PoloniDEXEN<\/a><\/li>\n<li><strong>Twitter<\/strong>: <a href=\"https:\/\/twitter.com\/PoloniDEX\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/twitter.com\/PoloniDEX<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized exchanges (DEX) are the evolution of the traditional exchanges, and they are outlined as the future of the crypto currency trading. That&#8217;s why today we will talk about Poloni DEX, a decentralized exchange based on the TRON network that was acquired by the well-known cryptocurrency exchange Poloniex.<\/p>\n","protected":false},"author":5,"featured_media":21743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,74],"tags":[4665,4787,4855,4858],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/21734"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=21734"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/21734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/21743"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=21734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=21734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=21734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}