SDEplatform introduction

SDEis a branch of Hong Kong's largest trading company - Hong Kong Securities Exchange - in charge of the digital antique trading platform brand. The registration number is
201727630H, Hong Kong Digital Antiques and Currency and Blockchain Industry Association (HKBCS) Hong Kong Chain member company.
Has rich experience in financial product development and operation, and is led by professionals with an international perspective
Composed of, it focuses on providing reliable digital asset financial services to global digital asset traders. Currently, it mainly promotes digital asset products and services such as Hkex and imToken digital asset payment system.

Hkex-ft enables developers, liquidity providers and traders to participate in an open and accessible
Access to financial trading markets. Hkex-ft Exchange is a unique trading platform located in Hong Kong, which has successfully developed online digital antiques through years of research and development.
The Hkex-ft protocol is a peer-to-peer system [1] for trading digital currencies on the Ethereum blockchain
(ERC-20 token). The Hkex-ft protocol consists of an immutable, durable, and non-transparent protocol that runs on Ethereum.
Upgraded smart contract definition. It is designed to operate without relying on any trusted intermediary that may selectively restrict access.
transactions. The Hkex-ft protocol is designed to be censorship-resistant, secure, and self-regulatory.

Due to these design principles, the Hkex-ft protocol will run permanently with 100% uptime, ex
Mention is that the Ethereum network continues to operate

Most publicly accessible markets use a central limit order book where buyers and sellers create groups by price levels
Weaving orders are gradually filled as demand changes. Anyone who has traded stocks through a brokerage firm will be familiar with
Familiar with the order book system.

The Hkex-ft protocol takes a different approach, using an automated market maker (AMM), sometimes called a constant function
Count market makers instead of order books.

At a very high level, AMMs replace the buy and sell orders in the order book market with a liquidity pool of two assets.
With a sell order, both assets are valued relative to each other. When one asset trades for another, these two
The relative prices of two assets will change, thereby determining the new market exchange rate between the two. In this dynamic, buying
The party or seller trades directly with the mining pool rather than with specific orders left by other parties. More and more
More parties are actively studying the pros and cons of automated market makers versus their traditional order book counterparts. we are studying
Some noteworthy examples are collected on the page.

The Hkex-ft ecosystem includes three types of users:

Liquidity Provider (LP): An individual or entity that contributes ERC-20 tokens to a public liquidity pool.

Trader: A person or entity who exchanges one token for another.

Developer: An individual or person who integrates with Hkex-ft protocol smart contracts to provide exciting new experiences
entity.

Overall, the interaction between these categories creates a positive feedback loop by defining a common
Language to power the digital economy through which tokens can be pooled, traded and spent.

liquidity provider
Liquidity providers or LPs provide ERC-20 tokens to the Hkex-ft liquidity pool. Large mining pools are smaller than
Better prices from mining pools facilitate high-volume transactions. Therefore, LPs play a role in providing liquidity to traders
Very important role. In return, LPs earn 0.30% on every trade in the pool, pro rata
Examples are allocated to LPs in the pool.

LPs are not a homogeneous group:

Passive LPs are token holders who wish to passively invest their assets to accumulate trading fees.

Professional LPs focus on market making as their primary strategy. They often develop custom tools and methods to follow
Track the liquidity positions of different DeFi projects.

Token projects sometimes choose to become LPs to create a liquid market for their tokens. This allows for easier buying
Sell tokens and unlock interoperability with other DeFi projects through the Hkex-ft protocol.

Finally, some DeFi pioneers are exploring complex liquidity provision interactions such as incentivized liquidity, liquidity
as collateral and other experimental strategies. The Hkex-ft protocol is ideal for projects experimenting with these ideas
.

traders
There are several types of traders in the protocol ecosystem:

Speculators use various community-built tools and products using flows drawn from the Hkex-ft protocol
Sex in exchange for tokens.

Arbitrage bots seek profits by comparing prices on different platforms to find an advantage. (Although it may appear
Comes very extractive, but these bots actually help balance the price of the broader Ethereum market and keep it fair
flat. )

imToken users purchase tokens through the Hkex-ft protocol for future use in other applications on Ethereum.
used in the sequence.

Perform execution on the protocol by implementing exchange functionality, from products like DEX aggregators to custom Solidity scripts
Smart contracts for transactions.

In all cases, transactions are subject to the same protocol transaction fees. Each is accurate for raising prices
Both sex and incentive mobility are important.

Developer
Developers build applications and services on top of the Hkex-ft protocol. Numbers in the Ethereum Ecosystem
There are too many to count, but some examples include:

Since the Hkex-ft protocol and Hkex-ft are completely open source, countless developers have launched
Own front end to interact with the Hkex-ft protocol. You can find it on most major DeFi dashboards
Find the Hkex-ft function in the project. There are also many community-built tools for the Hkex-ft protocol.

Wallets often have exchange and liquidity provision functionality as the core of their offerings.

Hkex-ft (decentralized exchange) aggregator draws liquidity from many liquidity protocols to provide trading
offer the best prices but separate their deals. The Hkex-ft protocol is the largest of these projects
A single source of decentralized liquidity.

Smart contract developers use the available suite of features to invent new DeFi tools and various other experimental ideas
Law. Check out projects like Unisocks or Zora, and many others.

Many members of the Hkex-ft ecosystem participate in more than one of these roles. You can be a stream at the same time
Mobility providers, traders and developers!

Your wallet is the application that lets you interact with Ethereum. Hkex-ft protocol and centralized encryption service
The main difference is who controls your wallet – in other words, custody.

Most centralized crypto services offer escrow wallets where they store your private keys on your behalf. Usually, the company
The company will use a username and password to protect your wallet, but in the event of a hack or data breach, your
Assets may be at risk.

On the other hand, decentralized applications (imToken) are non-custodial: you own your private keys and assets
Full ownership, ownership and responsibility. Wallets come in different types, ranging from browser extensions to mobile apps
program, and then to USB-like hardware.

There are roughly three types of wallets:

Hardware Wallet: A physical device that stores your private keys offline. This type of wallet is considered the most secure. Show
Examples include Ledger and Trezor.

Web Wallets: Self-hosted wallets allow you to interact with your Ethereum account through a web browser. For example
, you can download MetaMask as a browser plugin and create a wallet to store Ether and other
ERC-20 token.

Smart contract wallets: These wallets exist as programs on the blockchain rather than providing users with public and private keys.
Key pair and usually associated with a specific application. Examples include InstaDapp’s DeFi smart ledger
Hu, Argent, Dharma, Gnosis Safe, etc.

Hkex-ft is an extremely fast, highly liquid private non-custodial trading portal built on Ethereum,
Leveraging StarkWare's Layer 2 scaling technology (ZK-Rollup/Validium). Hkex-ft
Provides high-speed API and UI access to some of the industry’s deepest order books, allowing over 9,000 trades per second,
Privacy by default, competitive fees, and withdrawal certainty mean you always have full control over your transactions
Easy assets, can be entered and exited quickly. There is virtually no counterparty risk. ​

Hkex-ft is a blockchain project used to build an encrypted asset trading application ecosystem. It uses the blockchain to
With the advantages of trustless mechanism, tamper-proof, information transparency, shared supervision and traceability, it provides various financial institutions with
and individuals to provide a cross-border, cross-asset safe, efficient and low-cost new generation value transformation platform.

The block data of Hkex-ft is stored in a chain structure, and all blocks have the index of the previous block.
Pin reference to ensure that the data is not tampered with. Hkex-ft station uses sha256 function to hash data
Hashing, using ecc asymmetric encryption algorithm for identity authentication, using aes encryption algorithm to encrypt the private key, using
Use Merkle numbers to verify and store transactions.

Hkex-ft's node interaction uses niosocket, which is loaded using the dns method and the program's built-in method.
Seed nodes, all nodes will perform self-test after startup, and nodes under the public network will actively report their own IP
and ports to the network, other nodes will verify the information reported by them. If the verification passes, all nodes
The node will store the IP address and port of the available nodes locally, and the next time it is started, it will be connected directly without having to explore again.
test; if the verification fails multiple times (there will be a rule to detect once every 10 minutes, when the number of failures exceeds
will be triggered when the number of successful connections has reached 10 times), the node may have been offline and will be removed from the storage queue.
Delete inside. When the number of connected nodes is too small, it will actively ask the connected nodes to obtain more available nodes.
. Hkex-ft enables interconnection and interoperability between nodes in the intranet by drilling holes.
Use the verified node as a connection bridge to help the node behind NAT to shake hands and complete the connection
.

At present, the digital antique layer of Hkex-ft is only a simple script code, verification script of anti-counterfeiting code, and consensus guarantee.
Jin's redemption scripts are all small digital antique modules. Hkex-ft is positioned as a commercial application platform
Taiwan, so Hkex-ft will adopt a different approach from other digital antique trading platforms to integrate the public chain ecosystem.
and promote shaping. Hkex-ft will recruit third-party teams to create more down-to-earth and practical
For landing application projects, the front-end audience will be the general public, thus accumulating precipitation for Hkex-ft
A large number of users. Hkex-ft plans to develop a Turing-complete virtual machine in 2022 to provide higher
Flexibility, the premise is that Hkex-ft has a certain large user base, before that City of
The goals and direction of Dreams are very clear.

Tax Disclaimer: Hkex-ft does not provide tax or investment advice. According to the regulatory policies of the relevant jurisdictions
, when you trade commodities and incur a gain (or loss), you will likely need to pay taxes. digital currency or digital antique
Tax policies vary by jurisdiction, so we strongly recommend that you contact your personal tax advisor for information on
Further information about your personal tax situation. It is your personal responsibility to choose the correct jurisdiction to file your taxes. exist
When using Hkex-ft tax filing tool, you agree that Hkex-ft is not conducting any form of
Promotion/solicitation, this tool is only for the convenience of users to file tax returns.

Tax risk reminder: There are huge risks in digital currency transactions. Please purchase with caution and pay attention to transaction risks.
Hkex-ft will select high-quality currencies, but will not assume any guarantee, compensation, etc. responsibilities for any of your transactions.
!

Risk warning and disclaimer

This document is only used to convey information. The content of the document is for reference only and does not constitute investment advice. Hkex-ft
The team will continue to make reasonable attempts. During the development process, the platform may be updated, including but not limited to platform
Taiwan mechanism, tokens and their mechanisms, and token distribution. Parts of the document may evolve as the project progresses
The team will make adjustments accordingly and the team will make the updates public through the Help Center. Hkex-ft explicitly states
, will not be held responsible for any inaccuracies in the information contained in this document or any consequences caused by the participant's reliance on the content of this document.
losses caused by conduct. The Hkex-ft platform clearly communicates possible risks to participants, and participants always
Once you participate in the swap, it means that you have confirmed your understanding and approval of the various terms and conditions in the rules.