Exchange

The REX Protocol's exchange is a decentralized exchange (DEX), meaning it is a peer-to-peer marketplace where transactions occur directly between the two parties involved. Most normal DEXs work through what is called liquidity pools. Liquidity pools provide liquidity to tokens algorithmically. This means that in order for a property owner to list their property tokens they would have to create their own liquidity pool for their token. For a property owner that simply wants to sell some equity in their property, this makes no sense, much less for thousands of properties that will be tokenized and listed on the exchange.

To solve this problem, the REX Protocol's exchange will make use of a marketplace and an advanced orderbook DEX. Much like a traditional centralized exchange, REX's DEX will not make use of liquidity pools and instead use a matching engine to trade directly between user's wallets. This way, tokenholders can simply place buy and sell orders matched with each other via the DEX.

The exchange's interface will have many easy to use features and filters to make trading a pleasure.