UltraNote Infinity is Now On Incognito
UltraNote Infinity is Now On Incognito DEFI & PDEX App.
What is a Privacy DEX ?
We are all familiar with Decentralised Exchanges and DEFI Platforms like UniSwap or SushiSwap; known for their Trustless Peer to Peer Exchange Services and Liquidity Pools which require No Central Authority Nor KYC to Execute Trades.
In a nutshell a Privacy DEX is the Privacy Version of a DEX and Incognito is the first PDEX ever made available to the Cryptocurrency Market. The major difference between a DEX & a PDEX is how your Wallet Identity & Activities are Shielded from Intrusive eyes as compared to regular Decentralised Exchanges and mainstream Centralised Exchanges.
When using a regular DEX or CEX, you basically use your dedicated Public Blockchain Wallet which indeed can be monitored by anyone at any given time without your permission. This lack of Privacy by default exposes your wallet activities & Identity to any kind of institutional surveillance without any layer of protection. A Privacy DEX on the other hand by Default Shields your Wallet Activities & Identity by covering up your Wallet Information as soon as you Deposit Your Coins/ Tokens on their Platforms. As compared to a Regular DEX or CEX; on a PDEX regardless of either you are using Bitcoin or UltraNote Infinity; as soon as you enter the Incognito Ecosystem your Wallet Identity and activities become 100% Private but the real game changer is how Incognito as a PDEX is a complementary Market Actor to UltraNote Infinity Privacy Mission & Vision.
Why Does it matter for UltraNote Infinity?
When it comes to UltraNote Infinity; we have every good reason to list on a PDEX and Particularly Incognito. As a Privacy Coin the Core Focus of XUNI is to protect your Wallet Identity as well as Activities from intrusive eyes which is not possible when you Trade your XUNI Coins on a regular mainstream Centralised Exchange which requires KYC. On a CEX you are automatically linking your XUNI Wallet Identity to a KYCed Exchange Account which is indeed monitored by Central Local Authorities. It’s simply not the case on a PDEX like Incognito where nothing is linked to anything closely related to your personal details. Now having XUNI Trading on a PDEX, your XUNI Wallet Identity cannot be linked to any kind of KYC database thus protecting you on every level imaginable from any kind of instutional surveillance.
In otherwords No one can know: How much XUNI you Bought or Sold, Who owns the account that bought X amount of XUNI or Which XUNI wallet address belongs to whom based on traffic between The Exchanges and your Wallets.
How Does it Work?
Similar to a DEX; a PDEX uses a Bridge System to Communicate between their Platform’s Wallets and Your Favourite Coin’s or Token’s Native Blockchain.
The Bridge’s Job is to converts your Native Blockchain Coins or Tokens; here XUNI into the DEX Token Version in order to be recognised within the DEX Ecosystem. The PDEX bridge does the exact thing while also adding a Privacy Shield on Top of your Wallet to protect it’s Activies and Identity. On XUNI Network your Privacy is protected by the Blockchain while Trading on Incognito, It’s Protected by their PDEX Technology making the whole process of Holding XUNI to trading XUNI leak proof.
How to Deposit & Withdraw XUNI Coins to Trade On Incognito?
Deposit XUNI Coins To Incognito:
Step 1: From your XUNI Desktop Wallet; Send your XUNI Coins to the Escrow Bridge wallet with Your Incognito address in Memo Section.
Send XUNI to this address to Deposit on Incognito:
Step 2: Escrow Bridge Wallet will Credit user’s Incognito XUNI Coins to the Incognito address provided in memo.
Step 3: Wait for Escrow Wallet to process your Deposit.
To Withdraw Your XUNI From Incognito
Step 1: Send your XUNI to Incognito Escrow Bridge Wallet with your XUNI Desktop wallet address in Memo Section.
Step 2: Escrow Bridge Wallet will send you the XUNI Coins to your Desktop Wallet Address Provided in Memo.
Send XUNI to this address to withdraw From Incognito:
Step 3: Wait for Escrow Bridge Wallet to Process your Withdrawals.
**Please Make sure to add the relevant Wallet Address in Memo Section as recommended above when Making Deposits & Withdrawals or Coins will be Permanently Lost!
How to Trade On Incognito?
Trading XUNI Coins on Incognito is as simple as it can get.
1st Go to Trade section.
2nd Pick the XUNI Trading Pairs Available or Create your Own Pair.
3rd Make sure you have the appropriate Liquidity for the Trade.
4th Validate your Trade & Voila.
We are looking forward to more great news during this New Year 2021 on this note we once again wish you a Happy & Blessed Year.