tanX.fi is a platform designed to enhance decentralized exchanges (DEXs) by addressing common issues like low liquidity, limited trading options, high fees, and complex user interfaces. It merges the best features of centralized and decentralized exchanges, introducing a Cross-chain Orderbook DEX.
What is tanX.fi
Here's how it works:
- Advanced Technology: tanX uses Zero Knowledge Proofs and STARK Proofs to ensure a smooth, private trading experience.
- Efficient and Private Transactions: Capable of handling numerous transactions while maintaining privacy.
- Low Cost: Offers gasless trading, charging only minimal fees.
- Developer-Friendly: Provides user-friendly APIs for easy integration.
- Technical Structure:
- Zero-Knowledge Proofs (ZKP): Enables transaction validation while keeping sensitive data private.
- Off-Chain and On-Chain Components: The off-chain part manages wallet data and order updates, while the on-chain part handles account management and state validity.
- Transaction Processing: Transactions are aggregated off-chain, signed, processed through a Cairo-based batching service, verified, and updated on Layer 1 (L1).
In summary, tanX.fi aims to make DEXs more accessible and efficient, blending the security of decentralized platforms with the user-friendliness of centralized exchanges.
Team of tanX.fi
Bhavesh Praveen
Co-Founder
Bhavesh Praveen, a graduate of Vellore Institute of Technology with a degree in Computer Science and Engineering, co-founded tanX.fi DEX and Krypto in Bengaluru. He has also worked as a Product Engineer at Float in Toronto, a Software Engineer at WorkIndia, and completed an internship as a Software Developer at Anubavam in Chennai.
Ritumbhara Bhatnagar
Co-Founder
Ritumbhara Bhatnagar, a graduate of Vellore Institute of Technology with a specialization in information security, is an entrepreneur and co-founder of tanX.fi and Krypto. Additionally, she is a React Native, Web3 developer, and a graphic designer skilled in Node.js, React.js, and Redux.
Shaaran Lakshminarayanan
Founder
Shaaran Lakshminarayanan, a graduate Vellore Institute of Technology and a member of Stanford University's Scholar Initiative in Robotics and Artificial Intelligence, founded tanX.fi and Krypto, served as the Chief Technology Officer at Celebrify in Bengaluru, and facilitated Machine Learning at Google.
tanX.fi review
Pros
Orderbook DEX
Combines the features of centralized and decentralized exchanges for an enhanced trading experience.
Advanced Technologies
Utilizes Zero Knowledge and STARK Proofs for secure and private trades.
High Transaction Capacity
Capable of handling numerous transactions efficiently.
Gasless Trading
Allows trading with minimal fees, omitting high gas costs.
User-friendly APIs
Offers easy integration for developers with tanX's system.
Fast Order Execution
Ensures timely trade completion, crucial for market dynamics.
Cross-chain Trading
Enables trading across different blockchains conveniently.
Cons
Off-chain Reliance
Partial off-chain operation may raise security and transparency issues.
Emergent Technology Risks
New tech might have unknown vulnerabilities.
Market Adoption Challenge
Might struggle to stand out in the competitive crypto market.
Regulatory Scrutiny
Its decentralization and privacy features could face regulatory challenges.
Opportunities
AirdropMainnet
Minimal cost: ~50 USD
tanX.fi
Deposit funds and trade on TanX to be eligible for any potential rewards!