DEW aims to become the decentralized exchange of the world, it also works as a gateway between you and assets. This is quite a large project that will involve traditional finance and different forms of money that will be part of the blockchain. The exchange is still yet to release in beta, it will be a long-term project. The white paper for DEW can’t be found anywhere
DEW is a decentralized exchange which uses the technology of the Ethereum blockchain to improve its services and be as accessible as possible to its users. Basically, what the company does is to connect the users with blockchain assets, listed companies, and bulk commodities which they can buy. Then, it uses smart contracts to exchange the values. However, there is no white paper for this “Decentralized Exchange of the World” so how do we know what they are stating on their website is true. DEW just released an app which is set to lay a platform for the worlds decentralized exchange however, is not in the app store and can only run on old mobile operating systems.
DEW has a lot of red flags that make it seem very dodgy or untrustworthy firstly there are no team members stated anywhere on the site, blog or online information in general. Secondly, they have no white paper which already gives us a red flag as most scam coins don’t have white papers. Thirdly the website is very small and only has four tabs to navigate the site. Finally, there is no open-source information, DEW does not explain how it is actually all going to work they drew a little diagram but there is no writing to actually back it up.
Overall DEW is really suspicious they have nothing to back up their project or else they are keeping everything secret especially their team members. Even if this project was to be legitimate there are many decentralized exchanges the are upcoming that show a million times more potential than what this currently offers. If you want to take a risk take it but to be safe see how this project plans out it is fairly new but due to lacking information it’s quite risky.
