Blockchain technology is known as the revolutionary technology in the history of mankind. Blockchain technology backed cryptocurrencies also called visual currencies are known as the future of financial transactions. In the recent years cryptocurrency is the most hot topic around the world. High price volatility of cryptos allow investors to earn huge profits in short period of time. Because of this reason people are most attracted towards virtual currencies.
Crypto exchanges allow people to make buy/sell and trade operations securely and conveniently. But none of the today's crypto exchanges are perfect. They only focus on maximizing the profits not on developing the cryptocurrency market. All the existing crypto exchanges have many fundamental issues which needs to be solved, the problems include:
• there is no regulatory guidelines for the protection of traders and their funds;
• all of the today's exchanges are vulnerable to hacking attacks;
• complex user interface created difficulty for novice investors;
• they have liquidity issues;
• poor customer support, even after weeks no satisfying answers;
• large commission fee;
• no multi language support;
• slow transaction speeds;
But now thanks to FinaFex crypto exchange which is committed to provide a perfect solution to the above problems.
Project objective
The main aim of the project is to create a perfect cryptocurrency exchange which is fully regulated, transparently perform every trading operations and provide solution to existing exchange problems. Thus people can trade virtual currencies with free mind.
Principle of operation
The FinaFex creates a perfect cryptocurrency exchange which is in accordance with the regulatory guidelines, it has many banking licences, implements e-KYC, it prevents money laundering, helps to combact illegal financial activities and provides many financial services.
The Finafex platform provides clear user interface which is suitable for both novice investors and pro traders. It has all the necessary tools required for pro traders to execute successful trading orders. The Finafex platform interface features includes buying/selling, manage account details, asset management and get all present event details.
The Finafex platform have many other necessary components:
• Finafex remittance service uses blockchain technology to transfer fiat money at faster rate with low fee;
• FinafexWallet allow users to transfer money from various sources such as bank transfer, PayPal, remittance and funds received from crypto to fiat conversion;
• the Finafex internal exchanger allows to convert crypto into fiat and fiat into crypto;
• the Finafex transaction manager allows to perform buy and sell operations based on user input;
• the secure enclave is highly protected area within the Finafex, which connects the platform via encrypted signal tunnel, where every transactions happen through this is secured and private key is preserved;
• the Finafex private blockchain makes audit trials for transactions occurred within the platform;
• the Finafex public blockchain monitors all the transactions using FNX tokens;
• the transaction abstraction layer helps to shield user's identities while performing transactions with hot crypto wallet;
• Finafex has two way API, which helps to connect with other exchanges securely for performing buy/sell operations;
• Finatrade trade settlement engine helps to make crypto and fiat settlements using smart contracts;
• escrow wallet manager retains the funds allocated for trading until the funds transfers to the party;
• fiat trustee account works like escrow wallet manager;
The Finafex platform uses FNX tokens for all its platform operations.
ICO details and timelines
• Token ticker: FNX
• Total tokens: 300 million
• Token price: $0.1
• Softcap: $5 million
• Hardcap: $30 million
• Public sale: 15th January to 15th February 2019
Token distribution
Conclusion
Today the crypto market is in desperate need of a perfect cryptocurrency exchange and Finafex platform will fulfill the needs. It is worth noting that the Finafex platform is a licenced and in compliance with regulatory guidelines. The platform has simple and clear user-centric interface which attracts novice and pro traders. This is a very promising project and needs much public attention.
Learn more about Finafex:
Website: https://finafex.com
Website (ICO): https://ico.finafex.com
Read Whitepaper: https://finafex.com/whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5077701
Telegram: https://t.me/finafex
Facebook: https://www.facebook.com/Finafex-2134722780111754
Twitter: https://twitter.com/finafex
Medium: https://medium.com/@finafex
LinkedIn: https://www.linkedin.com/company/finafex/
Reddit: https://www.reddit.com/u/finafexexchange
Instagram: https://instagram.com/finafex
GitHub: https://github.com/finafex
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
