Stockex – Decentralized tokenized stock exchange

Stockex – Decentralized tokenized stock exchange

An awesome place to buy and swap stock tokens across the globe.

Created on 10th May 2023

Stockex – Decentralized tokenized stock exchange

Stockex – Decentralized tokenized stock exchange

An awesome place to buy and swap stock tokens across the globe.

The problem Stockex – Decentralized tokenized stock exchange solves

The proposed project is a decentralized finance (DeFi) platform that enables users to trade custom tokens representing real-world assets such as stocks using smart contracts and tokenization. The platform allows individuals to invest in markets that are traditionally difficult to access or invest in, thus reducing the threshold amount of money required to invest in stocks with high prices. The platform also enables 24/7 trading of tokens, making it possible for users to buy and sell tokens even when the traditional stock exchange is closed. The platform would integrate advanced security measures, such as multi-sig and collateralization, to ensure secure and transparent transactions. Additionally, it could integrate with other DeFi protocols, such as lending and borrowing platforms, to provide users with more opportunities to earn passive income and manage their investments. This project has the potential to revolutionize the investment industry by providing individuals with access to new investment opportunities, increased security, and more control over their investments.

Major problems that we address:

  1. Users have limited access to certain markets or sectors (Eg: Indian investors can not directly invest in US stocks)
  2. 24/7 trading of stock tokens even if the stock market is closed
  3. Trustless and secure environment for trading assets

Challenges I ran into

  1. For creating a smart contract to create, mint and burn stock tokens we need to get stock prices data on-chain:
    This is done by creating oracle with chainlink to get data from various apis and then take a central value using chainlink's aggregator contract

  2. Tokenization Standards:
    Deciding a tokenization standard for the representation of stocks, which would determine the interoperability of the platform with other Defi protocols and marketplaces

  3. Regulatory Compliance:
    Platform would need to ensure compliance with securities laws and regulations in different jurisdictions to avoid legal issues.

  4. Liquidity for all tokens listed on the platform:
    Ensure sufficient liquidity to make sure that users can buy and sell tokens at any time without facing price slippage or low trading volumes

Tracks Applied (5)

Web3,BlockChain & Crypto

Smart Contracts: Smart contracts are an essential part of the DeFi ecosystem and the Web3 infrastructure. Your platform ...Read More

Fin-tech & Banking

As a DeFi platform that enables trading of custom tokens representing real-world assets, my project fits into the Fin-te...Read More

Open Innovation

As a DeFi platform that enables the tokenization and trading of real-world assets using smart contracts, my project fits...Read More

Ethereum Track

As a DeFi platform that enables the tokenization and trading of real-world assets, my project fits into the Ethereum tra...Read More
Polygon

Polygon

Ethereum + Polygon Track

My project fits into the Ethereum + Polygon track by leveraging the capabilities of both networks to provide a robust, s...Read More
Polygon

Polygon

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