when Bitcoin reaches an all-time high of $ 800 to $ 20,000. This sharp increase in Bitcoin motivates many other cryptocurrency to come into existence that we can see today, also directing the attention of many investors and traders to enter the world of cryptocurrency. Then give birth to a lot of Crypto Exchanges
Problems With Today's Exchange
To understand this we must understand the types of crypto exchanges that exist in the world today are of two types:
- Centralization of Exchange
- Decentralized Exchange
Centralization of Exchange
These are people where traders must do KYC (Know Your Customer) to withdraw your funds from exchanges or customers are bound to do KYC to utilize one or other facilities provided by the exchange.
Decentralized Exchange
As the name implies, this exchange does not ask customers to do KYC, at the same time other facilities provided by this exchange are also very limited.
The above describes the technical exchange. Now let's look at how to describe exchanges Professionally
Professionally, each exchange can be marked with one of two categories:
- Big Players
- The Challengers
Big Players
This is an exchange that trusts customers as King or Queen and always listens to them and tries to find out the problems they have at the best level. One can trust these excahnges to some extent.
However, if we talk about transparency & security, we will think many times before investing their hard-earned money into any exchange. With transparency and security I mean:
- Are they real companies?
- Are they arranged?
- Do they have plans to support FIAT?
- Do they have a bank account?
- Where are they based?
- Is their platform really safe?
- Is there insurance for our money in case the exchange is hacked?
- Can we talk to someone on a live chat?
- Can we call them in an emergency? .. etc
Cryptonity exchange
Keeping all of these questions in mind Cryptonity is present, with the aim of providing the most comprehensive, safe, transparent and collaborative exchange platform on the market.
Key Purpose
This exchange is mainly formed by a group of several traders and miners who are professionals in their respective fields and have concrete knowledge and skills to build exchange platforms. So the objectives include:
- Provides the safest exchange platform with a group of well-known security experts on the market, audits twice a year by independent group companies and posting audit results on the website to maintain transparency.
- To regulate the insurance policy for customers if there is a loss if excahnge is hacked by several anonymus groups. To establish collaborative interaction with users by various communication channels and by engaging customers in the evolution of a better platform by taking opinions on various topics of concern.
- To provide customers with Comprehensive and Ergonomic Tools to comfortably trade on platforms.
Token Cryptonity (XNY)
Exchange will release its own token with the name Cryptonity Token and the exchange plans to set up its own blockchain in the near future. The total token allocation will be 100 Million and will remain and the token price will depend on the utility which is a good thing compared to those who reduce the number of coins by burning it to gain popularity among the public.
Token allocation will be as follows:The Project Consists of a Group of People Experienced and has seen the Complications faced by Customers and tried there the best level to Build a Platform with Complete Transparency and Sense of Security at Envirnoment A hassle-free communication
For More Details Visit:
Website: https://tokensale.cryptonity.io/en
Whitepaper: https://tokensale.cryptonity.io/storage/Whitepaper_EN.pdf
Twitter: https://twitter.com/CryptonityEX
Telegram: https://t.me/CryptonityExchange
Linkedin: https://www.linkedin.com/company/cryptonity-ltd/
Reddit: https://reddit.com/u/cryptonity_exchange
Discord: https://discord.gg/BGAFDa5
Writer's name;
Nurfi Profile: https://bitcointalk.org/index.php?action=profile;u=1926473
Eth address: 0x683c5B0d35e28D3e4938c815C8f476D7d38e5B2a