In this update, I want to share our thoughts and ideas for creating a unique user experience to win over novice and experienced traders alike.

We’re working on a plasma-based DEX that reimagines trading from the ground up. You can view the preview here for now: https://plasma.altcoin.io/

Imagine having the speed, ease, and UI of a centralized exchange, with all the security advantages of a decentralized one — that’s Altcoin.io.

How do we plan to differentiate our cryptocurrency exchange's user experience?

To compete and really change this market for the better, DEXs (decentralized exchanges) must have the following characteristics:

• Instant trustless trading
• A great user experience
• Blockchain interoperability
• Liquidity

To create a great user experience we've been gathering feedback around a social trading element that will allow newcomers in this market to copy all trades from the most experienced cryptocurrency traders automatically for a fee.

We've been working on some rough social trading design prototypes in tandem while developing our Plasma DEX (decentralized exchange).

Social Page with the list of popular traders, newsfeed, graph of average profit per month, log with new comments on a trade, and notifications preview.

 

Trader's Profile with general information, an ability to follow a trader and copy a trade, statistics, profit graph, the list of trades (including currency, profit, status, the date when was created, panel of piggybacking, etc).

 
Trader's Page with a number of a trade, the date when was created, origin (manual/copy), trade status (open/closed), type (sell/buy), currency, direction (long/short), entry price, exit price, profit/loss, comments).

We feel the copy trader / social trading functionality is a just one of the ways for our DEX to differentiate ourselves from the others in the market.

With cryptocurrency trading being so new, we also feel this is a great way to help newcomers learn from the best and not lose all their funds quickly as trading altcoins can be a high-risk / high-reward investment endeavor. This will help drive liquidity into our exchange and ensure traders only trade on our exchange.

Our goal with this concept is to drive adoption amongst the most skilled and influential traders in the cryptocurrency community. We'd like to bring all traders together onto one platform to create the cryptocurrency exchange of the future.

Feel free to share your feedback! We'd love to hear it! As an investor in Altcoin.io, we plan to take your feedback seriously and build the best exchange together through open product feedback loops. Cheers.