With its unique revenue-sharing model and a hybrid approach of combining centralized and decentralized finance, the Pullix exchange is predicted to grow 100x in 2024 and overtake Binance as the leading exchange. The raise of $5 million in its ongoing presale has only solidified its position as a promising newcomer in the crypto space. Let's take a closer look!
Pullix revolution: bridging CeFi and DeFi
Pullix is a new revenue-sharing exchange that aims to revolutionize the crypto trading experience by combining the best of both centralized and decentralized platforms. More than 15,000 pre-launch registrations have already been received, and the exchange is expected to launch within 30-60 days.
While centralized exchanges offer fast and efficient trading, they lack transparency and security. On the other hand, DeFi platforms provide users with complete control over their funds but come with liquidity issues and high transaction fees. Pullix aims to bridge this gap by offering a hybrid platform that combines the advantages of both centralized and decentralized exchanges.
The liquidity issue is solved by incentivizing liquidity provision through its native PLX token. Those who provide liquidity to Pullix will receive a portion of the exchange's revenue, meaning they will earn a passive income while contributing to the exchange's liquidity.
Moreover, Pullix connects to institutional-grade liquidity providers to ensure fast and seamless trading. Transactions happen off-chain before being settled on the exchange, ensuring instant trades and no slippage when trading.
Pullix ensures that users retain full custody of their assets. This commitment to user security and the absence of mandatory KYC procedures underscores Pullix's dedication to privacy and autonomy. In fact, users can trade across a range of assets and derivatives with just an email address.
The Time-limited presale opportunity
The $5 million raised so far during the ongoing presale shows the immense excitement and potential for Pullix in the market. There are just two more presale rounds remaining, so the chance to grab PLX tokens for just $0.10 before the platform launch is quickly dwindling.
Analysts predict 100x returns for early investors, making the Pullix presale a lucrative opportunity for those looking to get in on the ground floor of this innovative exchange. This prediction is based on the game-changing features of Pullix that could see the exchange take market share away from Binance's huge $45b valuation. Especially with Pullix offering a wide range of markets from Forex, Commodities, Indices as well as Crypto.
Can Binance compete with pullix?
Binance, the world's largest cryptocurrency exchange by trading volume ($11.60B), has long been the go-to platform for crypto retail traders. Its success can be attributed to its broad selection of 401 coins, the futures trading functionality, and the ease of use for beginners.
While Binance offers discounts on trading fees through its native token, BNB, the financial benefits of using Binance stop there. Pullix's revenue-sharing model provides a more attractive proposition for traders looking for passive income and rewards as they trade.
Moreover, Binance has faced criticism for its centralized control over the market. In contrast, Pullix's decentralized approach allows for a more democratic system, where users have a say in the platform's decision-making and revenue sharing.
For example, Binance has just been found guilty of violating the Bank Secrecy Act (BSA). Can retail traders trust a platform that has been charged with facilitating money laundering and other illicit activities? Pullix users own the keys to their assets and control their funds, making it a more secure option.
The future of Binance and BNB price analysis
There is no denying that Binance has established itself as a market leader with its vast user base and global reach. The exchange must use this name recognition to regain the trust of its users and improve its reputation. Failure to do so could result in losing market share to emerging hybrid platforms like Pullix.
The new Binance CEO, Richard Teng, has already stated that the exchange will proactively address regulatory concerns. However, Binance will surely miss the charismatic leadership of its co-founder and former CEO, Changpeng Zhao, who would engage with users on social media and address their concerns directly.
Price-wise, the BNB coin is up 50% since it bounced off the $200 support zone in early October. Technical analysis shows that the nearest support sits at $260 should the current price of $303 face downward pressure. The $330-$350 resistance zone will be a key level to watch in the coming weeks as the crypto market heats up.
For more information regarding Pullix’s presale see links below: