The choice between centralized exchanges (CEX) and decentralized exchanges (DEX) often comes down to a trade-off between convenience and security. EVEDEX, a next-generation hybrid exchange, is eliminating that dilemma by offering the best of both worlds.
In an exclusive Ask Me Anything (AMA) session with BeInCrypto, the EVEDEX team shared insights into how their hybrid exchange is revolutionizing crypto trading. They addressed key topics, including how EVEDEX blends the best of centralized (CEX) and decentralized exchanges (DEX), the benefits of its non-custodial model, and what users can expect as the platform moves towards its Q1 2025 mainnet launch.
Unlike traditional exchanges, EVEDEX offers a full-featured trading experience comparable to Binance and Bybit, but with no KYC, no exchange-held wallets, and full user control over assets. The platform is powered by Account Abstraction (ERC-4337) and a custom-built Layer 3 solution on Arbitrum Orbit, ensuring fast, secure, and transparent trading.
With its final testnet phase underway, EVEDEX is fine-tuning its order matching speed, security features, and user incentives, including gamification and referral rewards.
In this AMA, the team breaks down their vision, the incentives for early adopters, and how they’re building a decentralized trading future without compromise.
Join the BeInCrypto Trading Community, participate in our AMA sessions, and earn cash prizes for your questions to our guest speakers!
AMA Session With EVEDEX
Can you tell us about EVEDEX? What makes it different from other platforms?
Our platform is truly a hybrid solution that combines the best features of centralized exchanges (CEX) and decentralized exchanges (DEX). What sets us apart is our focus on both a full spectrum of trading functionalities—comparable to what you see on Binance, OKX, or Bybit—and the enhanced security and transparency of decentralized systems.
We never have direct access to user funds, which means no “hot” or “cold” wallets are used, and there’s no need for KYC. This ensures that your assets are always under your control, even if any issues arise.
Additionally, we leverage advanced technologies like Account Abstraction (ERC-4337) to offer features like multi-signature, social recovery, and flexible transaction conditions—all designed to create a seamless, safe, and intuitive trading experience.
Does EVEDEX have any special features for users moving from centralized exchanges?
Absolutely. We understand that many traders are accustomed to the robust features and speed of centralized exchanges.
With EVEDEX, you get that familiar functionality along with key improvements in security and privacy. For instance, our platform allows you to trade without undergoing lengthy KYC processes, which not only preserves your anonymity but also gives you immediate access to our services.
Our interface is designed to be intuitive and user-friendly, ensuring that even if you’re transitioning from a CEX, you won’t miss the advanced tools you love—only with the added benefit of complete control over your assets.
Essentially, you enjoy a full-featured trading experience while benefiting from the transparency and safety of decentralized technology.
You’re in the last phase of the testnet. What are the main goals, and what are you testing now?
Right now, we’re in the final phase of our testnet, which is divided into Alpha, Beta, and Pre-Mainnet stages. Our main goals include familiarizing users with all the functionalities of our platform, stress-testing our order matching and settlement systems, and ensuring our security measures work flawlessly before we launch the mainnet.
In this phase, we’re testing everything—from the speed of order matching (which we aim to complete in under 100 milliseconds) to the efficiency of our settlement processes (targeting sub-2-second completion).
We’re also rolling out our gamification and referral programs, so we can see how users interact with these features and gather feedback to refine them further. The idea is to ensure that when we go live, every aspect of the platform is robust, user-friendly, and secure.
Are there any rewards for users who take part in the final testnet phase?
Yes, definitely. We highly value our early adopters, and participants in the final testnet phase are rewarded with exclusive bonuses and special passes. Moreover, these early rewards are designed to convert into experience points or other benefits on the mainnet, ensuring that early participation gives you a significant edge when we launch. It’s our way of saying thank you for helping us perfect the platform
Will the testnet still be available after the mainnet goes live?
No, the testnet will not remain available once the mainnet goes live. Instead, all the progress and achievements you’ve made during the testnet phase will be seamlessly transitioned to the mainnet, forming the foundation of our loyalty and gamification programs.
This means that your early participation will be recognized and rewarded, and all your testnet experience will directly enhance your live trading experience. So it’s your last chance to get in!)
When do you plan to launch the mainnet?
The Mainnet stage is scheduled to be launched at the end of Q1 2025. Our team is now actively preparing for this key moment for us. You will be the first to know about the start of the mainnet from our official social networks.
How will you make sure the network is stable before launching the mainnet?
Ensuring stability is one of our top priorities. We’re conducting extensive stress tests throughout the testnet phases, simulating high trading volumes and various challenging scenarios to identify and resolve any bottlenecks or vulnerabilities. Our technology, especially the custom L3 solution on Arbitrum Orbit, is designed for high throughput and minimal latency, which we continuously verify with rigorous performance testing.
How will the launch affect testnet users? Can you explain how the mainnet will be governed?
Testnet users will have a direct impact on the mainnet launch. As we transition, early participants will see their testnet tokens or passes convert into mainnet experience points or other benefits, giving them a competitive edge from day one.
All I can say about mainnet governance is stay tuned for updates) We will publicly disclose this process during the first phase of the mainnet.
What key features will be available when the mainnet launches? Will testnet tokens move to the mainnet?
At mainnet launch, EVEDEX will offer a comprehensive suite of features including fast order matching, ultra-low transaction fees, secure and transparent trading processes, and advanced tools like Account Abstraction. The platform will allow seamless trading without the need for KYC, ensuring user privacy and autonomy.
As for testnet tokens, yes, they will be converted into mainnet experience points or tokens, ensuring that early adopters gain tangible benefits from their participation. This conversion will help unlock special privileges and rewards on the live platform, making the transition smooth and rewarding for our initial users.
What are the next big steps after the mainnet launch?
After the mainnet goes live, our focus will shift to scaling the platform and continuously enhancing its functionalities. The next big steps include expanding our range of trading tools, integrating more features such as advanced order types and automated strategies, and further decentralizing governance to give more power to the community.
We’ll also invest in broadening our educational and support resources, and forming strategic partnerships to drive global adoption.
Our long-term goal is to create a thriving, all-encompassing ecosystem that not only caters to experienced traders but also supports newcomers in exploring and growing within the crypto space.
Questions by the Community
@SusannMetzler: With the latest updates in the testnet, EVEDEX has introduced enhanced login options, allowing users to register via email, Google, and soon Apple, Twitter, and Telegram. What are the key security measures implemented to ensure seamless yet secure login processes, particularly for Web3 users who prioritize privacy and decentralization?
With our latest testnet updates, EVEDEX now lets users register using email, Google—and soon Apple, Twitter, and Telegram. We take security very seriously, so each login method is protected by advanced encryption and secure authentication protocols.
For instance, even when logging in via social accounts, we ensure that your data is never stored on our side, and we have built in measures like two-factor authentication for extra protection. This approach not only makes the login process seamless but also respects the privacy and decentralization principles important to our Web3 users.
@Sergeyyuin: The platform incorporates gamification and leveling systems to engage users. How does the experience points (XP) system work in practice, and what tangible benefits do traders gain from leveling up? Additionally, how does the integration of badges and rewards contribute to long-term user retention?
Our platform rewards users for engaging with EVEDEX through an experience points (XP) system. Basically, you earn XP by trading, completing quests, inviting friends, and taking part in educational activities. As you accumulate XP, you level up, and each level brings tangible benefits—like lower trading fees, better cashback rates, and higher affiliate commissions. In addition, we integrate badges and achievement rewards that act as milestones.
These not only provide instant perks but also build a sense of progression and accomplishment, which keeps users coming back over the long term. As I say, trade and have a pleasure)
@deroo452: EVEDEX’s mobile app allows users to trade anywhere, anytime, without the need for verification. What role does this flexibility play in attracting global users, and how does the platform ensure the security and scalability of transactions on mobile devices?
I love that our mobile app lets you trade anywhere, anytime — it’s like having your trading terminal right in your pocket. We know how important it is for our global users to have the freedom to trade without cumbersome verification processes.
At the same time, we’ve built the app with robust security and scalability in mind. Our custom L3 solution ensures that even on mobile, transactions are lightning-fast and secure, so you can focus on trading without any worries.
@cryptorayyy: The exchange introduces an advanced affiliate program that provides lifetime commissions to partners. Can you explain the structure of this program, including how commissions are calculated, how partner leveling affects earnings, and how it compares to traditional exchange referral models?
Oh, that’s one of my favourite questions) Let me describe it in details: At EVEDEX, our affiliate program is built to reward partners for life. When you refer a user, you earn a 30% commission on the profit they generate—this includes earnings from transaction fees and minting badges. Plus, if your referrals invite new users, you get an extra 5% commission on their activity as well, creating a layered, exponential income stream.
We’ve also integrated a partner leveling system into our program. As you actively grow your network, you level up and unlock even higher commissions and additional bonuses. This not only rewards your ongoing efforts but also ensures that your earnings increase over time as you contribute to the platform’s growth.
Unlike traditional exchange referral models that often offer one-time bonuses or limited-term commissions, our approach provides continuous, lifetime rewards. This means every transaction your referrals make keeps adding value to your income, making our affiliate program a sustainable and attractive opportunity for long-term growth.
@LukasNguyen4: With the integration of Account Abstraction (ERC4337), how does EVEDEX simplify on-chain transactions for traders, and what specific benefits does it bring to DeFi users who are unfamiliar with complex blockchain interactions?
I understand that dealing with on-chain transactions can be daunting, especially if you’re new to blockchain. That’s why we integrated Account Abstraction—it really simplifies everything. With this technology, you can pay fees in tokens that work best for you, and features like social recovery and multi-signature mean that your account is both easy to manage and highly secure.
For anyone who finds the technical side of DeFi intimidating, this approach makes the whole experience much smoother and more user-friendly, so you can focus on trading with confidence.
Conclusion
As crypto traders continue to demand more control, security, and efficiency, EVEDEX is setting a new standard by merging the best elements of CEXs and DEXs into a seamless hybrid platform. With no KYC, no custodial risks, and lightning-fast transactions, EVEDEX is proving that decentralization doesn’t have to come at the cost of user experience.
With the mainnet launch set for Q1 2025, early testnet participants are already reaping the rewards, gaining exclusive perks that will carry over into the live platform.
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