No need for currency pairing

A simplified view of the transactions that takes place is listed below.

While it may appear that everyone purchases DEX and then trades it with the desired currency, in practice, we simulate the purchase of DEX. In this way DEX operates as a promissory note. Every order is valued against DEX and an algorithm matches buyers with sellers to settle transactions according to the values agreed in the order books.

This eliminates the need for currency pairing and allows for the direct conversion or settlement of any traded currency. The HoloDEX is an exchange, but also provides for the instant settlement of currencies at a fraction of the cost of existing settlement layers such as Mastercard and Visa.