The enterprise solution for simple, secure fiat and crypto exchange
Trinity handles payments in two ways – fiat and crypto. Wallets are the containers for cryptocurrencies and come in two flavors – custodial and non-custodial. Trinity by provides the following building blocks to facilitate payments:
Trinity gives enterprises the flexibility to exchange both crypto and fiat currency quickly and securely.
A digital asset can be converted into a Blockchain-based token on the NetObjex platform. Based on the need, it could be a fungible or Non Fungible tokens (NFTs). While a fungible token can be listed and traded on the Trinity DEX (Decentralized Exchange), a Non Fungible Token or NFT could be traded on the NetObjex’s Artemis platform.
Fungible tokens can be exchanged with other tokens of the same type
All fungible tokens are identical to each other
Fungible tokens can be divided into smaller units. For eg: a US$100 currency note can be exchanged with another $100 currency note or two $50 bills.
NFTs cannot be exchanged with other tokens of the same type.
NFTs are unique, and not similar to each other
NFTs can be fractionalized by having a legal entity own the NFT, and membership to the entity be divided among multiple owners
What is the difference between Centralized and Decentralized exchanges? Centralized exchanges rely on a private infrastructure to match supply and demand, which is managed internally in their own servers. In contrast, decentralized exchanges (DEXs) bring buyers and sellers together. Most are permissionless, meaning that anyone can access them and trade without intermediaries.
The main difference between Centralized & Decentralized Exchanges are as follows:
TrinityDEX is built on Algorand, which allows for the swapping of digital assets, in an Automated Market Maker model. By living on the Algorand Blockchain, TrinityDEX is economical to operate due to low network fees. TrinityDEX gives trade confirmation in under 5 seconds and instant transaction finality. As one of the earliest DEXs to launch on the Algorand blockchain, TrinityDex is positioned well in Algorand’s booming ecosystem.