3 ‘Best’ Exchanges to Buy Shadows DOWS (March 2023)
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Table Of Contents
Shadows is self-described as a ‘hub for issuing, trading, lending, and borrowing derivative assets’.
This platform is able to offer a wide variety of synthetic derivatives through the use of smart-contracts on both Binance Chain and Polkadot.
For those looking to issue synthetic derivatives, collateral is required (in the form of DOWS). The company states,“Synthetic assets on the Shadows Network system are underwritten by the native token DOWS, and can be issued by locking the DOWS collateral into a smart contract”.
Shadows lists the following as a few types of derivatives which is plans to bring to the blockchain for trading.
- Stocks (Tesla, Apple, Amazon, etc.)
- Commodities (Oil, Corn, etc.)
Beyond the issuance and trading of synthetic derivatives, Shadows also provides investors and those looking for capital to take part in liquidity pools.
Making the Shadows platform tick are its utility tokens known as ‘DOWS’. These tokens, which have a total supply of 100M, are used for not only transaction fees, but as rewards for staking, collateral, and governance of the network.
The work being done at Shadows has allowed the company to attract the attention of various investors. Whether it be AlphaBit, Bitcoin.com, DuckDAO, or Oasis Capital – all eyes are on Shadows.
To learn more visit our Investing in Shadows guide.
We list the top 3 exchanges that offer the ability to buy Shadows (DOWS) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
Established in 2013, Gate.io has grown in to a reputable trading platform. While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Shadows (DOWS), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.
This exchange currently accepts Australia & UK residents.
USA & Canada residents are prohibited.
Read our Gate.io Review or visit Gate.io
PancakeSwap is a decentralized exchange designed to swap tokens on the Binance Smart Chain. This is one of the more popular DEX models since it is backed by Binance. Similar to other exchanges of its type, PancakeSwap uses an automated market maker (AMM) model, which allows for users to trade against a liquidity pool.
The interface and terminology on the website can be confusing, making the exchange appropriate for advanced users only. If you simply wish to buy Shadows (DOWS) as an investment than we recommend Gate.io
Uniswap is a decentralized exchange (DEX) for swapping tokens, which uses an automated market maker (AMM) model that allows users to trade against a liquidity pool. While this is obviously a good option to purchase Shadows (DOWS), we only recommend this platform for advanced users. Due to the fact that this is exchange is decentralized, you are liable for any losses due to errors made.
Learning to use decentralized exchanges is not for the faint of heart. We recommend Gate.io instead.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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