AyeDEX Exchange

AyeDEX (also known as iDEX) is KnexCoin's decentralized merchant exchange platform that facilitates organic price discovery through real-world commerce.

Overview

Unlike traditional cryptocurrency exchanges, AyeDEX doesn't match buy/sell orders. Instead, it aggregates pricing data from merchant transactions to establish a fair market rate.

┌─────────────────────────────────────────────────────────────────┐
│                         AyeDEX                                   │
│                                                                  │
│   ┌─────────┐   ┌─────────┐   ┌─────────┐   ┌─────────┐        │
│   │Merchant │   │Merchant │   │Merchant │   │Merchant │        │
│   │   A     │   │    B    │   │    C    │   │    D    │        │
│   │ $10/K   │   │ $9.95/K │   │ $10.05/K│   │ $9.90/K │        │
│   └────┬────┘   └────┬────┘   └────┬────┘   └────┬────┘        │
│        │             │             │             │              │
│        └─────────────┴──────┬──────┴─────────────┘              │
│                             │                                    │
│                      ┌──────▼──────┐                            │
│                      │  Aggregate  │                            │
│                      │   Price     │                            │
│                      │  $9.975/K   │                            │
│                      └─────────────┘                            │
└─────────────────────────────────────────────────────────────────┘

Core Features

Live Transaction Feed

Real-time stream of merchant transactions across the network:

┌─────────────────────────────────────────────────────────────┐
│ LIVE TRANSACTION FEED                           ●  LIVE     │
├─────────────────────────────────────────────────────────────┤
│ ☕ Starbucks         Coffee          0.50 KNEX     $4.99    │
│ 🍕 Dominos          Large Pizza      2.00 KNEX    $19.99    │
│ 🛒 Walmart          Groceries       12.50 KNEX   $124.87    │
│ ⛽ Shell            Gas             4.50 KNEX    $44.99     │
│ 💊 CVS              Prescriptions    8.25 KNEX    $82.45    │
│ 🍔 McDonald's       Combo Meal       1.20 KNEX    $11.99    │
└─────────────────────────────────────────────────────────────┘

Price Discovery Engine

Aggregates merchant prices to determine network rate:

Metric	Value	Change
Current Price	$9.99/KNEX	+0.5%
24h High	$10.15	-
24h Low	$9.85	-
24h Volume	125,432 KNEX	+12%
24h Trades	45,678	+8%

Merchant Dashboard

For businesses accepting KNEX:

Sales Analytics - Track revenue in KNEX and USD
Rate Comparison - Your rate vs. network average
Transaction History - Complete payment records
Customer Insights - Spending patterns
Verification Status - Verified merchant badge

Technical Stack

Frontend Framework

AyeDEX
├── SvelteKit v2
├── TypeScript
├── Vite Build Tool
└── TailwindCSS

Core Stores

Store	Purpose
`feed.ts`	Live transaction streaming
`price.ts`	Price aggregation and tracking
`wallet.ts`	KnexWallet integration
`knex.ts`	Blockchain RPC client

Key Dependencies

{
  "@noble/ed25519": "Cryptographic signatures",
  "@noble/hashes": "Blake2b hashing",
  "svelte": "UI framework",
  "vite": "Build tool"
}

Price Discovery Algorithm

Weighted Average

function calculateNetworkPrice(transactions: Transaction[]): number {
  const recentTx = transactions.filter(tx =>
    tx.timestamp > Date.now() - 24 * 60 * 60 * 1000
  );

  let totalVolume = 0;
  let weightedSum = 0;

  for (const tx of recentTx) {
    const impliedPrice = tx.usdAmount / tx.knexAmount;
    const weight = tx.knexAmount; // Volume weighting

    weightedSum += impliedPrice * weight;
    totalVolume += weight;
  }

  return weightedSum / totalVolume;
}

Price Factors

Factor	Weight	Description
Volume	40%	Higher volume = more influence
Recency	30%	Recent transactions weighted more
Merchant Tier	20%	Verified merchants have more influence
Consistency	10%	Stable pricing rewarded

Merchant Integration

Registration Flow

1. Apply for merchant account
              │
              ▼
2. Complete KYC verification
              │
              ▼
3. Receive API credentials
              │
              ▼
4. Integrate payment system
              │
              ▼
5. Start accepting KNEX
              │
              ▼
6. Earn verification badge

Payment Flow

// Customer pays merchant
const payment = {
  merchant: "knex_merchant123...",
  amount: 2.50,           // KNEX
  usdEquivalent: 24.99,   // USD at merchant's rate
  product: "Large Coffee",
  timestamp: Date.now()
};

// Submit to network
await knexWallet.send(payment);

// Transaction appears in live feed
// Price discovery engine aggregates

Merchant Tiers

Tier	Requirements	Benefits
Basic	Complete registration	Accept payments
Verified	KYC + 30 days activity	Blue badge, price influence
Premium	High volume + 90 days	Priority support, analytics
Enterprise	Custom integration	Dedicated account manager

User Interface

Main Dashboard

┌─────────────────────────────────────────────────────────────────┐
│  AyeDEX                                      [Connect Wallet]   │
├─────────────────────────────────────────────────────────────────┤
│                                                                  │
│  KNEX/USD                          Volume (24h)                 │
│  ┌─────────────────┐               ┌─────────────────┐          │
│  │    $9.99        │               │   125.4K KNEX   │          │
│  │    ▲ +0.50%     │               │   $1.25M USD    │          │
│  └─────────────────┘               └─────────────────┘          │
│                                                                  │
│  ┌──────────────────────────────────────────────────────────┐   │
│  │                    PRICE CHART (24H)                      │   │
│  │     ╭───╮                        ╭─────╮                 │   │
│  │  ╭──╯   ╰──╮    ╭────╮      ╭───╯     ╰───╮             │   │
│  │ ─╯         ╰────╯    ╰──────╯              ╰────         │   │
│  │  9.85                                         10.15      │   │
│  └──────────────────────────────────────────────────────────┘   │
│                                                                  │
│  LIVE FEED                         MERCHANTS                    │
│  ┌─────────────────────────┐       ┌─────────────────────┐     │
│  │ ☕ Starbucks    0.50K   │       │ Online: 1,234       │     │
│  │ 🍕 Dominos      2.00K   │       │ TX Today: 45,678    │     │
│  │ 🛒 Walmart     12.50K   │       │ New: 23             │     │
│  │ ⛽ Shell        4.50K   │       │                     │     │
│  └─────────────────────────┘       └─────────────────────┘     │
│                                                                  │
└─────────────────────────────────────────────────────────────────┘

Pages

Page	Purpose
`/`	Main dashboard with price and feed
`/feed`	Dedicated transaction feed
`/merchant`	Merchant analytics dashboard
`/buy`	Acquire KNEX (merchant listings)
`/sell`	Offer goods/services for KNEX
`/orderbook`	View merchant price listings
`/account`	User account management
`/security`	Security settings

Wallet Integration

KnexWallet Extension

import { wallet } from '$lib/stores/wallet';

// Connect wallet
await wallet.connect();

// Check balance
const balance = await wallet.getBalance();

// Send transaction
await wallet.send({
  to: 'knex_recipient...',
  amount: 10.0
});

// Sign message
const signature = await wallet.sign(message);

Supported Actions

Action	Description
`connect()`	Link browser extension
`disconnect()`	Unlink wallet
`getBalance()`	Query current balance
`send()`	Create send transaction
`receive()`	Claim pending funds
`sign()`	Sign arbitrary message

API Endpoints

Public Endpoints

Endpoint	Method	Description
`/api/price`	GET	Current network price
`/api/feed`	GET	Recent transactions
`/api/merchants`	GET	Merchant directory
`/api/stats`	GET	Network statistics

Merchant Endpoints

Endpoint	Method	Description
`/api/merchant/register`	POST	Register merchant
`/api/merchant/verify`	POST	Submit KYC
`/api/merchant/payment`	POST	Create payment request
`/api/merchant/history`	GET	Transaction history

WebSocket

// Connect to live feed
const ws = new WebSocket('wss://ayedex.io/ws/feed');

ws.onmessage = (event) => {
  const tx = JSON.parse(event.data);
  console.log(`New TX: ${tx.merchant} - ${tx.amount} KNEX`);
};

Security Features

Transaction Safety

Signature verification - All transactions signed with Ed25519
Address validation - Checksum verification
Amount limits - Configurable daily limits
2FA support - Optional two-factor authentication

Merchant Verification

KYC compliance - Identity verification required
Address verification - Business location confirmed
Activity monitoring - Anomaly detection
Fraud prevention - Suspicious activity flagging

Development

Running Locally

cd idex-svelte

# Install dependencies
npm install

# Start development server
npm run dev

# Build for production
npm run build

# Preview production build
npm run preview

Environment Variables

VITE_KNEX_RPC_URL=http://localhost:7076
VITE_KNEX_WS_URL=ws://localhost:7077
VITE_API_BASE_URL=http://localhost:8080

Project Structure

idex-svelte/
├── src/
│   ├── lib/
│   │   ├── stores/
│   │   │   ├── feed.ts       # Transaction feed
│   │   │   ├── price.ts      # Price tracking
│   │   │   ├── wallet.ts     # Wallet integration
│   │   │   └── index.ts      # Store exports
│   │   ├── blockchain/
│   │   │   ├── knex.ts       # RPC client
│   │   │   └── index.ts      # Exports
│   │   └── components/
│   │       ├── Nav.svelte    # Navigation
│   │       └── ...           # UI components
│   └── routes/
│       ├── +page.svelte      # Home/dashboard
│       ├── feed/             # Feed page
│       ├── merchant/         # Merchant dashboard
│       ├── buy/              # Buy interface
│       ├── sell/             # Sell interface
│       └── ...               # Other pages
├── static/                   # Static assets
├── package.json
└── svelte.config.js

FilesExpand file tree

AyeDEX-Exchange.md

Latest commit

History