Tuesday, 28 June, 2022
HomeThePrint ValueAd InitiativeQuit high gas fees for good with Quitriam Finance

Quit high gas fees for good with Quitriam Finance

QTM's unique transaction settlement process matches the user up with a blockchain that offers the best price for that asset as well as the best gas fees and slippage rates.

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Quitram Finance (QTM) could well save you a mini-fortune when trading with DEXs. A DEX is a Decentralised Exchange that doesn’t rely on the traditional order book model. And QTM has created a technology that takes the DEX to a new level.

Quitriam Finance, charting new DEX territory

Quitriam Finance’s DEX matches buyers and sellers directly, without the need for an intermediary. This means that you can trade directly with other users, without having to go through a centralized exchange, like Binance or Coinbase. Because it doesn’t rely on the traditional order book model, a decentralised exchange cannot be governed in the same way as centralised exchanges. This makes it much less prone to censorship issues – the likes of which Binance has come under flak for recently in the United Kingdom. 

QTM is partnering up with a variety of crypto heavyweights giving the DeFi protocol cross-chain functions. This makes their DEX gas fees far cheaper to use than other Ethereum based DEXs as there is no requirement to use Ethereum’s Proof of Work consensus.  

QTM’s unique transaction settlement process matches the user up with a blockchain that offers the best price for that asset as well as the best gas fees and slippage rates. This makes Ethereum gas fees a problem of the past. 

If Quitriam Finance’s DEX finds the best price and gas fees for the NEAR/USDT pairing on the Avalanche blockchain, it will route the user through that blockchain’s network. Despite using a very different technology, QTM has some parallels with the Osmosis (OSMO) DEX.

Why bother using a DEX anyway?

Contrasting with the CEX – centralised exchange, the DEX uses a non-custodial framework ensuring every user and trader has complete and unquestioning ownership of the underlying asset. 

What this means is that when you buy and sell on a CEX, you do not own the asset in question until you withdraw it into a separate wallet. Whereas when using a DEX, as soon as the trade is finalised the digital asset is in your wallet and belongs to you.

Quitriam FInance mixes the pros of decentralised trading with an interoperable framework. This consequentially leads to minimal gas fees, quite the opposite to anyone familiar with the Ethereum gas fees on singular Decentralised Exchanges like Uniswap.

Could Quitriam Finance shoot for the moon?

To begin with, the project is still in the presale phase, so its market cap is ultimately negligible. Using successful DEX projects like Osmosis – the DEX native to the Cosmos Hub’s (ATOM) ecosystem, we can begin to decipher just how high a DEX token in its presale could go.

The OSMO market capitalisation is currently just over $1 billion. Built inside the ATOM framework, Osmosis pairs similarly against QTM. It is ultimately attempting to build a decentralised and interoperable DEX as well. 

This means that there is potential for Quitriam Finance to grow significantly in size and bring you that 10 or even 100 times return everyone is looking for. If the project can continue to gather momentum and gains a foothold in the cryptocurrency community, as OSMO has done brilliantly, the Quitriam Finance presale might just propose one of the best buying opportunities in this bear market phase. 

Interested in finding out more? Check below for the QTM presale.

Presale: https://presale.quitriam.io/register

Website: https://quitriam.io/

(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.) 

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