MC Mong XYZ
@mcmongx
[DEX MASTERY SERIES] - Part 1: What is #DEX? The potential of trading on DEX 🧵 1/ 🔎 #DEX (Decentralized Exchange) is a decentralized trading platform operated through smart contracts.
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MC Mong XYZ
@mcmongx
2/ 🧩 DEX often uses the AMM (Auto Market Maker) model instead of order books like CEX. To trade on DEX, all you need is a hot wallet (like @MetaMask) and some tokens to cover gas fees.
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MC Mong XYZ
@mcmongx
3/❓ Why do we use #DEX? ✅ NO NEED to register an account or verify identity ✅ Opportunity to find HIDDEN GEMS -> Since coins/tokens are listed on DEX before CEX and after listing on CEX, the value of tokens often increases significantly.
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MC Mong XYZ
@mcmongx
4/ ✅ CEX has project vetting and listing mechanisms, while DEX only requires liquidity. As a result, some hot trend coins/tokens may NOT BE AVAILABLE on CEX.
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MC Mong XYZ
@mcmongx
5/ ✅ Not your keys, not your coins. KYC exchanges with high-level security are still at risk of getting hacked or being involved in scams, putting your funds in danger. This is exemplified by #FTX, and recently #binance locked $4M of a VN meme developer team with no valid reason and useless explanations.
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MC Mong XYZ
@mcmongx
6/ ✅Mastering DEX trading requires skills in hot wallets, bot trading, chart analysis, and contract verification, etc. This is one of the FASTEST ways to gain knowledge and explore the DeFi universe.
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MC Mong XYZ
@mcmongx
7/ 🔥 SUPER PROFIT from your account is still very attractive, isn't it? 😎 Part 2 will continue with BOT trading used for DEX gaming.
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MC Mong XYZ
@mcmongx
8/8 Read full thread: https://x.com/MCMongX/status/1778094887491268612
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