An example is the apis it uses to function and operate. Uniswap is built using the Infura API Suite which is a centralised service provider to querying blockchain data, meaning they also rely on other companies for them to function. Infura API was used by Tornado Cash which they disabled access to.
Uniswap has the ability to delist tokens via its interface meaning that the tokens won’t be displayed but the liquidity pair still exists as they are not the owner of this liquidity pair. They also have a partnership with TRM Labs. TRM Labs processes wallet addresses which are connected to the Uniswap app. This is deemed to be done for monitoring wallets that perform criminal activity but all wallets are monitored . This data sniffing can then be used to block wallet addresses from using the Uniswap service, if the block is in error it requires you emailing a support address to liaise the unblocking.
Xchange is fixing this centralization problem.
The starting point is to remove centralised API’s which has been done. Xchange is relying solely on on-chain data for the swap functionality.
The governance token $X7DAO was a stealth launch which fairly allows anyone to purchase the token to propose and vote on the future of the project.
The user experience. We’re currently at a time where transaction fees are relatively low but it wasn’t too long ago people’s first complaint was transaction fees and slippage price impact.
Xchange will have its own liquidity pair factory to create its own pools but during a transaction if there is better liquidity on another DEX it will perform cross chain DEX liquidity routing to get the best rate.
The routing algorithm will select the most advantageous route to take either on Uniswap, Xchange, or across multiple pairs on both exchanges. The routing algorithm will initially be solely client side (with contract support to make the optimal swaps in a single transaction). In the future Xchange will provide a limited on chain cross-dex routing algorithm to allow for on-chain integrations.
Xchange is just one component of X7 Finance which will integrate the factory and token pairs in with their lending pool.