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Horizen EON Boosts DeFi Credentials with VetMe Integration, Unleashing OTC Trading Power

source-logo  blockchainreporter.net 16 November 2023 16:04, UTC

In a groundbreaking move that signifies a major step forward in decentralized finance (DeFi), Horizen EON has officially integrated with VetMe, an innovative over-the-counter (OTC) platform within the blockchain space. The collaboration aims to seamlessly incorporate VetMe’s OTC trading capabilities into the Horizen EON ecosystem, establishing a new benchmark for flexibility and efficiency in blockchain trading.

VetMe, recognized for its pioneering solutions in the blockchain sector, introduces OTC trading options that offer unparalleled flexibility to users. This feature enables traders to execute token swaps without affecting market prices, granting them greater control over their transactions. The incorporation of VetMe’s OTC trading feature into Horizen EON represents a significant stride in the evolution of decentralized finance.

The introduction of an OTC Dex is particularly noteworthy, as it facilitates direct peer-to-peer transactions, fostering a decentralized and efficient trading experience. Leveraging Web3 technology, VetMe has developed a user-friendly and secure OTC Dex platform that ensures rapid and seamless transactions.

Flexible and Secure Blockchain Trading

One of the key features of VetMe’s integration is the implementation of an escrow service, acting as a reliable intermediary to mitigate risks associated with fraud and miscommunication. Additionally, VetMe incorporates an artificial intelligence-powered Know Your Customer (KYC) process, enhancing security and accuracy in identity verification. These services bring an additional layer of security and efficiency to the Horizen EON platform.

VetMe has emerged as a dynamic player in the blockchain industry, offering a suite of solutions including OTC trading, escrow services, and AI-powered vetting and KYC processes. Functioning on the Ethereum network, VetMe is committed to shaping the future of secure and efficient trading within the blockchain ecosystem.

Horizen EON, a fully Ethereum Virtual Machine (EVM)-compatible smart contracting platform, represents the first in a series of smart contract sidechains within the Horizen ecosystem. Designed to allow developers to efficiently build and deploy decentralized applications (dApps) on Horizen, EON fully leverages the Ethereum ecosystem. Built with scalability and user experience in mind, EON operates on Horizen’s powerful horizontally scaling protocol, Zendoo.

The integration of VetMe’s OTC trading capabilities into Horizen EON not only enhances the platform’s trading flexibility but also underscores the commitment of both projects to advance the capabilities and security of decentralized finance within the blockchain industry. This partnership sets the stage for further innovations and collaborations within the ever-evolving world of blockchain technology.