OVERVIEW
The blockchain technology is really taking the world to a different level as transactions on the blockchain are relatively safer, transparent, faster and cheaper compared to the traditional bank transactions. The technology is gradually gaining worldwide attention and acceptance and increasingly growing bigger as more and more cryptocurrencies are being launched day in and day out. As these coins are increasingly flooding the crypto space, there must be an avenue for trading these coins and that is where exchange platforms come in.
CENTRALIZE VRS DECENTRALIZE EXCHANGES
centralized exchanges were the first to show up and offered a lot of hope and potentials for the crypto market. These centralize exchanges have a central ledger that holds all buy and sell orders so they offer higher liquidity and transaction speed and this motivates institutional and individual investors to enter the market. But as the saying goes, everything that has an advantage has a disadvantage. These centralized exchanges offer limited security as they are always susceptible to hacks and government influences. They often require users to provide their private key on the exchanges which is quite uncomfortable for every crypto investor.
Fortunately, these decentralized exchanges which are not vulnerable to hacks and government influences showed and everyone thought that was the end to all the crypto trading predicaments. But we all got it wrong when we later realized these exchanges also have their own problems. Liquidity is very poor on these exchanges since there is no central ledger for keeping buy and sell orders. This situation usually delays trading on these platform and scares away many investors. Crypto investors now came to the realization that none of these exchanges (both centralize and decentralize) can solve all the challenges in crypto trading all alone.
THE ISSUE OF LOYALTY
Another issue about these our traditional crypto exchange platforms that I would wish to talk about is the issue of loyalty. Crypto traders are constantly moving from one exchange to the other because of higher trading fees. Nobody would want to spend so much on trading fees so anytime there is this new exchange that offers lower fees, traders abandon their old trading platforms to join this new one. In my view, there should be a better way to motivate users than only low trading charges. A new trading platform is about to be born and that exchange is what am going to talk about in this article; the XCRYPT exchange.
XCRYPT EXCHANGE PLATFORM
One cannot expect different results when the same way of doing things are constantly repeated. Before xCrypt exchange platform can stand out, we must bring up new things on board and that is exactly what we would be doing. We are creating a user-friendly website and a mobile app where both newbies and experienced traders can trade conveniently. We are building a platform that will support so many languages and 100% fully encrypted with a dependable digital wallet so that security will be assured. Our platform is a hybrid exchange platform that will be harnessing the benefits of both the centralize and decentralize platforms. Our hybrid platform is going to enable users to trade continuously without necessarily waiting for transactions to mine. Users will enjoy this unique feature of filling multiple orders at once and will be able to cancel them immediately without any gas fees. Our platform will permit a faster deposit, exchange, storage and withdrawal of both fiat and cryptocurrencies.
One way to ensure that our users stay loyal to our platform is through our zero fees trading and membership airdrop ranking system where users will be receiving xCrypt tokens based on the amount of xCrypt tokens purchased. Our system is also going to support both ERC 20 and ERC 721 tokens and only top currencies with a use case will be listed in order to save our investors from investing in coins that will make them lose their investment. We also have a custom built trading bot to support trading activities on the platform. We will make provisions for expert and experienced traders to offer tutorials for new traders on the platform.
CONCLUSION
For every investor to have a sound mind and trade conveniently, there should be and exchange platform which creates a conducive environment for them and that is what xCrypt stands for. Imagine a trading platform with all these above mentioned potentials, trading will be all fun, reliable and more investors will be attracted into cryptocurrency trading. Join us let’s make this project a success.
Follow the links below to read more about xCrypt project:
Website: https://www.xcrypt.club/
Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=4993175.0
Authorship
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1982533
Disclaimer: This is a promotional article written by 