Crypto Exposed: Is Crypto A Ponzi Scheme ?!

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Much research and development have been dedicated toward disintermediating the exchange of crypto tokens. This has produced a class of blockchain-based decentralized exchanges, or DEXes, which employ novel mechanisms to facilitate trading without intermediaries, order books, or many of the other features of traditional centralized exchanges. While DEXes address many of the concerns associated with centralization, they also introduce other risks and considerations that market participants must consider.