Thread by @CryptoGirlNova

1) Common. One of the first products being build on $AZERO and due to release this year.

Common isn't just a dex. It's going to be the dex of all dexes.

A thread 🧵what "Common" is all about and why you should pay attention.

Read on 👇

@get_common @Aleph__Zero @AntoniZolciak

2) Common is a decentralized exchange. A place where you can safely trade your assets without a middleman.

You can trade peer to peer directly from the comfort of your own private wallet. Unlike a centralized exchange you are always in control of your own assets.

3) Decentralized exchanges are nothing new. They have been rising in popularity the last couple of years and every native network has multiple ones.

Some of the more popular ones you may already know are:
#uniswap on ethereum
#PancakeSwap on smart chain
#spookyswap on fantom
...

4) Although more then 1 dex can exist on a blockchain, Common will likely be the main and most popular one on Aleph Zero.

Here's where things get interesting. Common won't just be any normal dex. It's going to be a supercharged dex and you'll soon see why.

5) Unlike most normal dexes, Common will utilize a multi-chain approach.

This means you will be able to trade on ANY preferred network and not just on Aleph Zero.

Common aims to become the place for ALL traders.

6) Also unlike most normal dexes, Common will introduce its own dedicated wallet on the platform.

No more needed to create a wallet on other third party websites and connect it to the dex.

7) Common will also be blazingly fast due to the technology of the Aleph Zero blockchain is built upon.

Low latency and low fees will turn this dex in something traders will actually want to use and not because they need to.

8) Users who provide liquidity (deposit their assets) will earn trading fees from all assets that are traded on Common.

People are rewarded and traders can benefit from this.

9) The team behind Common is the same team behind aleph zero.

We have seen what they have been able to do with Azero and the quality and experience they have delivered.

Doubts about the development behind Common is basically completely cleared as the team is as good as it gets.

10) In today's markets there's a big debate going on with Cefi vs Defi.

Defi is what most people prefer due to privacy (no middleman and ownership of your own funds).

And yet we can't argue that we can't live without Cefi...

11) Most Defi protocols don't have a multi-chain approach.

You can't trade assets on the ethereum blockchain against the smart chain blockchain for example.

We need to use a cex like Binance, kucoin,... for that.

Also problems like network congestion, high fees plague dexes.

12) With a centralized exchange trading generally works flawlessly with low latency and most of all any assets can be traded against each other regardless of the network.

Common however is changing this all. The speed and comfort of a centralized exchange on a dex.

13) Didn't I tell you that Common is not just any normal dex?

It's a dex on steroids and quite frankly how any dex should be and operate.

Not only that but if people see how easy, cheap and comfortable trading ANY asset on Common is this will likely draw in new users.

14) And because Common is build upon Aleph Zero this will draw in more exposure to the entire ecosystem and Azero itself.

I've been navigating this space for 6 years now but I haven't been this excited about any dex before. Can't wait to see them pull it off.

Nova out ❤️

15) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.

Everyone deserves free knowledge 📘

Love you all ❤️

First post 👇

https://twitter.com/CryptoGirlNova/status/1548032495769174017?t=oE5Tz6iaPk0DoR_ThwQdGw&s=19