As exciting as it sounds, setting up a crypto exchange service is actually a lot easier said than done. Be it from a technical standpoint or an economic view, bars to entry are usually very high, which makes it difficult for startup companies to succeed in the business. There are a lot of people who are not aware of it, but setting up an exchange actually requires a huge investment, both money and effort. The exchange source code alone already costs hundreds of thousands of Euros. There are professional fees to take care of, as well, for hiring the best specialists out there to get the platform running smoothly.
Despite all the barriers, startup companies exhaust all means possible to try to break through the market. Why, what’s in it for them? A lot. To begin with, the cryptocurrency industry has an estimated market cap of over $1 trillion, and that is truly huge, mega huge. The rise of cryptocurrency has been impressive over the last couple of years and it has skyrocketed last year which makes 2017 the best year for cryptocurrency, and almost everyone wants to join the bandwagon. We have seen how cryptocurrencies have influenced one’s financial standing, have we not? Cryptonized individuals are always on the lookout for secure platforms where they can buy and sell cryptocurrencies, and this is not at all surprising. Consequently, the increase in the popularity of digital currencies is opening doors of opportunity to companies to come out with trading platforms that enable the smooth exchange of cryptocurrencies.
But the journey has not been easy, especially for startups, because of the high cost of the source code, the strict regulations, and the complex procedures.
It does not have to be this way, well, not anymore. For the RipaEx team, setting up an exchange does not have to be complicated or expensive. Startup companies do not have to pay a hefty amount for the source code because they can actually get them free of charge. This is the technology the RipaEx team is developing, and the team has high hopes that this technology will significantly reduce the high bars to entry so startup companies can get into the market with minimal investment and not so much hassle.
What makes RipaEx great is that it is is a highly customizable, open-source crypto exchange platform, packed with numerous features, including a high-performance trading engine. Being an open-source platform, RipaEx will encourage contributions from a community of users, thereby making the platform more powerful, and at the same time, guarantee greater security, reliability and transparency. Thanks to the Ripa Liquidity Service Provider (RLSP) technology, liquidity among the Ripa network will be shared.
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RipaEx is designed to support many languages, which is incredibly wise, if RipaEx intends to go global. Let’s not forget, communication barriers are among the reasons why companies cannot sustain the business or fail to make it big in the international world, so it only makes sense for RipaEx to make its platform readable and understandable. That’s one bar off the hook.
The RipaEx source code is also flexible, allowing companies to customize their source codes any way they want. This essentially means, RipaEx is giving them the opportunity to re-create the code to suit their needs.
RipaEx will operate on its own blockchain, called RIPA, and will seek to address issues such as accounting and inventories, security, and regulations, among them. RIPA will be driven by its native token, XPX, which will serve numerous functions, from making payments to sharing liquidity among Ripa Exchanges. The team promises to employ responsible tokenomics to ensure the health of the XPX token all throughout the project.
RipaEx is set to open early next year (2019), and expects to have 5,000 registered users, and a monthly volume of 750 BTC.
Token Details:
Token Name: XPX
Supply: 115 Million XPX
Tokens for Sale: 74,750,000 XPX
Pre-sale: April to June 2018
RIPA TEC: July to December 2018
For more information, visit the following pages and make sure to keep yourself updated through visiting their social media pages:
Whitepaper: https://github.com/RipaEx/whitepaper/raw/master/eng/RipaEx_WP_EN.pdf
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3759172
Website: https://ripaex.io/
Telegram: https://t.me/ripaex
Twitter: https://twitter.com/ripaex
Facebook: https://www.facebook.com/ripaex
Bitcointalk User: lanre0501
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1167562