Welcome to DSTOQ
Looking for an exchange that will enable you to make direct investments in crypto? DSTOQ is just the blockchain-based genius platform for you to checkout.
DSTOQ is revolutionizing the entire financial system, and not talking about it sounds almost criminal.
So, in this discussion, we are going to highlight the key features of this stock exchange, as well as talk about how it promises to make investing convenient for newbies in the emerging market. The basic idea behind DSTOQ is to ensure that accessing shares of blue chips doesn’t remain a fantasy for anyone, and it is not limited to just that. The approach targets bonds, commodities, and indices all with fiat & crypto both as the purchasing medium.
Key features of DSTOQ
We will talk about the key specs of DSTOQ in a minute, but it is important to underline the problem that DSTOQ is trying to solve. Currently, the costs associated with intermediaries in the investment procedure are a little too much for an average investor’s liking. DSTOQ eliminate the intermediaries, thereby taking care of these costs automatically. But the bigger goal that DSTOQ is trying to achieve is about improving global access to the capital markets. How does it achieve that? Through its key features, which we talk about in detail now.
Asset range
The P2P trading allowed by DSTOQ is conducted using the DSQ token. The tokenized securities are not limited to just stocks, not include equities, oil, bonds, and even gold! If some of you have still not grasped it, the advantage with tokenized assets is that these make the whole experience simple, fast, and more secure. We deliberated for a moment here and wondered if we should talk about the Stellar blockchain collaboration here. But then we decided not to complicate things, and save it up for later!
Decentralized
What does this mean for the users? Well, they will remain in full control of their assets, thanks to the blockchain tech on which this exchange is operated. Not only that, the decentralized nature of DSTOQ makes P2P trading super convenient as well. You are more likely to appreciate this spec if you have been in the arena for some time now!
Fee
Worrying about the trading fees? Well, you don’t need to since DSTOQ vows to keep the trading fee at the lowest possible rate. Mate it ain’t crossing 0.25 percent for sure! To be fair, there are exchanges that charge no-trade free at all. But we are not a big fan of those DEXs since they don’t come with a specific set of specs such as ones associated with stocks.
Fiat support
Thinking of going abroad to the ship with fiat? As we mentioned earlier as well, DSTOQ supports fiat money and accepts payments in currencies like USD or EUR. Many DEXs are focused entirely on crypto, which is why DSTOQ is a preferred choice for emerging entities in the market.
DSTOQ X Stellar Blockchain
It was important to talk about why DSTOQ chose Stellar blockchain over other popular crypto networks like BTC. It is imperative to understand that DSTOQ digitalizes real-world assets. It is only when these real-world assets are brought on the chain that the dream of global access to the market materializes into reality. To achieve its mission, DSTOQ relies heavily on the concept of asymptomatic security, something which is not exhibited by BTC proof of work. The Stellar Consensus Protocol features asymptomatic security, which makes asset tokenization possible. This is the primary reason why DSTOQ decided to opt for Stellar over other crypto competitors in the market.
DSTOQ eligibility
Is DSTOQ for everyone? Well, the countries with sanctions do not feature in this list, for starters. We are talking about the USA, China, and a few other countries here which have regulatory laws in place. Also, anyone who is willing to trade on DSTOQ, which means buying & selling security tokens, will have to go through the KYC/AML procedure as well.
The downsides of DSTOQ
While there is no doubt that DSTOQ has the potential to become the first option for many businesses, there are still a few wrinkles that need to be ironed out. We talk about these in the following lines of this discussion. Hopefully, DSTOQ sorts them out in double-quick time as well.
What about the payment methods?
Talking about the popular methods of payment here, that is. For example, users still don’t know much about DSTOQ’s plans for credit cards. Or for E-wallets as well. There is no denying the importance of PayPal integration, this is just an example. So, if DSTOQ has to win the battle completely, it has to integrate the aforementioned services as well.
What about the leverage?
Similarly, we are still uncertain if DSTOQ lets you improve your position by leverage or not. The general rule with crypto exchanges is that these don’t allow you to trade with leverage. But since DSTOQ has plenty of exceptional features, we wonder if it has trumped other DEXs on this feature as well or not. These two points which we have just talked about lower the value of DSTOQ in front of forex brokers, which support these two missing features. So, if DSTOQ is not quick on the act, newbies will keep choosing regulated brokers over it.
Summary
We genuinely believe that this is one of the most exciting news for the Stellar community. There is no doubt about the fact that DSTOQ & SDF collaboration has the potential to improve the current status of financial inclusion. Something which is need of the hour, if access to global products has to be improved in a big way. DSTOQ has the potential to connect universal infrastructure most innovatively. No wonder Jed McCaleb is super excited about DSTOQ writing history over Stellar Blockchain! As the platform grows in stature in months to come, we will get to know it better, and then, we will update you with the latest insight on DSTOQ! Till then, we bid you farewell from this discussion.
