Users trade digital collections in the decentralized market, and use the MetaMask wallet to directly connect to the smart contract for transactions, which has better privacy, but the transaction process is painful. On the one hand, the process is complicated, and on the other hand, I also feel distressed about the gas cost.
While trading digital collections in a centralized market, although identity verification is bound to be required, it is precisely because everyone has passed identity verification that the trading environment is safer.
Since transactions are conducted in a centralized market, there is a threshold for the issuance of collections. The collections issued have been tested and certified by the trading platform, and the appreciation potential of collections is higher.
Moreover, since the order is placed on the centralized trading market, information screening becomes easier, and transaction fees can be greatly reduced.
How are transaction fees saved?
On a decentralized trading platform, if users want to place an order, they have to hang the NFT digital collection on the smart contract. This generally takes two steps. The first step is to authorize the "trading contract" to allow it to transfer the user's collection. The second step calls the market contract, entrusts the contract to the market contract, and waits for the transaction to succeed.
If it is a pending order in the auction mode, each bid will generate a gas fee.
The centralized trading platform only needs to submit the transaction to the blockchain when the digital collection is minted and the transaction is successful. The pending order and bidding process no longer need to be synchronized to the blockchain.
This will not damage the rights and interests of users, but also save platform operating costs and reduce user usage costs.
There are also various promotional activities, such as blind boxes, discounts, priority purchases, lottery draws, airdrops and synthesis, all of which can be developed quickly and well on a centralized trading platform. It is much more laborious to implement it with smart contracts.
The most attractive thing about being a centralized trading platform is that it can better access the payment function.
With so many benefits, how can people not choose to be a centralized trading platform.