Dyor's decentralized investment app supports more than 30 fiat currencies. Source: Dyor

A decentralised crypto exchange socialises regular investors to bring them into the Web3 space with the aim of financial independence.

The cryptocurrency space is moving towards noncustodial and DeFi systems. Decentralised cryptocurrency exchange Dyor hopes to contribute to this shift by promoting financial exchanges while upholding a vision of community-driven development.

After the fall of FTX, which was once the third biggest cryptocurrency exchange, investor interest in noncustodial and decentralised finance (DeFi) started to rise. According to a survey, 40% of cryptocurrency trading platforms now use decentralised technology, and retail demand is larger than institutional demand, which supports this trend.

Although noncustodial alternatives are becoming more and more popular, switching to Web3 and DeFi involves a learning curve because noncustodial platforms don't have user-friendly investment tools. Some initiatives aim to overcome adoption barriers by enhancing the usefulness and accessibility of noncustodial platforms, making them an attractive substitute for traditional finance.

Easily managing your cryptocurrency investments

Investors moving from the chaos of traditional cryptocurrency exchanges to DeFi can find a straightforward, transparent, and noncustodial option on Dyor, a decentralised investment platform. With its doors open to both seasoned investors and those fresh to the cryptocurrency world, Dyor hopes to establish itself as a convenient online investing hub.

Dyor, which is compatible with both iOS and Android, incorporates functions including asset management, bridging, wallet swapping, and tracking that are meant to improve the user's investing experience.

With a single wallet, Dyor provides access to several chains, including as Ethereum, BNB Smart Chain, and other infrastructures compatible with the Ethereum Virtual Machine. With 30% of platform revenues going back to users who stake its native token, DYOR, the platform offers lower fees than its competitors' onchain and centralised exchanges.

Community involvement is essential to the DeFi ecosystem—it's not simply helpful. Through its "All Things Crypto" feed, users can build profiles on Dyor and post transactions, token purchases, market thoughts, and crypto-related information. Dyor adopts a community-centric approach. The feed provides a market outlook by aggregating news from 129 sources in addition to user-generated information.

To improve its news aggregation capabilities, Dyor is looking into integrating with other social media channels, X (previously Twitter), and other platforms.

Social investment and follow-trading

On the social investment platform Dyor, capital and community involvement come together. Investors can connect with each other using the Dyor app and leverage each other's experiences to close better deals. Users have access to the social investing model, in which investments are made in accordance with a predetermined objective, and the follow-trading tool, which allows them to mimic the moves of seasoned investors.

Users may find new tokens and take advantage of Dyor's easy integration, live price notifications, and market news access in just a few simple clicks. The software allows users to manage their assets, send tokens, and determine the profit and loss (P&L) of their portfolio in addition to sending notifications about changes in the market.

Through the platform's native token, users can unlock premium features, advanced analytics and discounted exchange fees. Engaging with other participants, taking part in events, participating in competitions and completing milestones awards users the platform's native token. Users can also receive token rebates from the trading volume generated by the users they bring into the platform.

Democratizing in decentralized crypto exchanges

Markuss Jonans, CEO of Dyor, emphasized the importance they attach to simplicity and social interaction. Underlining their priority on exploration, he added:

“We aspire to be the app where users navigate the intricate landscape of allocating their capital on-chain, identify which tokens to acquire and discern the narratives that captivate and stand out the most.”

Jonans underscored that they initially estimated the number of users would be less than 100,000 and said that the waiting list on their website has already collected over 450,000 registrations. The interest beyond expectations shows the potential of noncustodial alternatives to traditional finance solutions.

Reflecting on the advancements and community-driven approach of platforms like Dyor, it's evident that user-friendly, secure and inclusive financial platforms will continue to shape the future of investing. As these platforms become more accessible and their benefits more widely recognized, investment and financial services paradigms will be redefined on a global scale.