Cryptocurrencies and the blockchain are unique inventions that have revolutionize the way we carry out transaction today in the world. The ability to interact and carry out trade deals without the unnecessary influence of middle men most especially government officials no doubt saw the growth of this new technology especially in the year 2017 which saw a lot of people getting interested in cryptocurrencies. In comparison with the traditional fiat system, cryptocurrencies offer so much more advantages which are yet to be fully adopted by a large portion of the world population.
These cryptocurrencies can be obtained from resellers, retail outlets and most importantly from exchanges which allow users and customers trade them in pairs. Exchanges over the years have evolved and developed with more features being added annually to offer a smooth trading experience. However, the crypto-community is faced from exchanges that limits their ability to trade conveniently. The current exchanges as we know today all happy on trust. They act as third parties to ensure exchanges between users occur easily. These exchanges are in themselves limited to certain geographical locations restricting users whose government regulations doesn’t support their activities from trading. Aside these problems that traders face today on exchanges, other includes, high transaction fees (as high as 5% of most trades), limited trading pairs, slow response time from exchange support, KYC/account verification process taking more time than necessary, risk of government interference, you run the risk of your account being frozen or blocked, risk of fund theft due to exchange vulnerability to hacking etc. These and more are the problems that traders and investors are currently facing in the market.
The solution to these Problems- Lightatom Exchange
Lightbitatom exchange will be the first exchange to allow users perform atomic swaps or atomic cross-chaining. This will enable traders perform a direct exchange of their cryptocurrencies without the need of a third party. Deploying an atomic swap means of exchange which enters two traders/parties into a cryptographic smart contract to exchange direct cryptocurrencies/tokens without the risk of one party defaulting. In a world where trust becomes an issue, this will deficient made traders feel as ease when trading making the need for an escrow service unnecessary.
The Lightbitatom exchanges platform has the following features that makes it unique from other exchanges we know and with which they hope to redefine the way we trade cryptocurrencies in the future.
Why we need Lightbitatom Exchange?
- Secure Trade: The algorithm of the platform follows duly the idea of have a trustless exchange. The ability to trade without having the trust factor in place. The system is so designed and programmed using the logic that either both traders get their side of a trade or neither of them do. Thus, no side is cheated on. There is no room for a failed transaction.
- Secured platform: The developers and team behind the lightbitatom exchange considers the security of traders as a priority. The security of the platform is top-notch. Users can feel safe and be rest assured that their wallet is fully secured and cannot be accessible by third party or even by potential hackers.
- A decentralized trustless platform- Making use of blockchain technology, users data and cryptocurrencies and safe and secured. The possibility of losing your funds in case of server crash, hardware malfunction and its likes is eliminated.
- Referral Program- As an incentive to grow the platform, traders can get a certain commission from the trading profits of their referrals to the platform.
- Automated Trading: Traders are allowed to use predefined bids on trade and the system will automatically trade on their behalf.
- Lighting Network: The use of a payment channel rather than recording all transactions or trade records on the blockchain creates more room for faster transaction at a lighting speed. Note, the payment channel is only established between two traders and allows trading between them as long as they continue to trade between themselves on that channel. They made choose to close the channel when done and the payment channel then writes to the blockchain network.
Meet the Team.
Road Map.
LBA Token.
The LBA token is the official token of the lightbitatom exchange and will be a means of interacting with the exchange. Ico is live and ends soon
ICO DETAILS
NAME OF TOKEN: LBA
TOTAL SUPPLY: 1 205 000 000 LBA TOKENS.
PRICE PER TOKEN: 100 LBA = 1$
PURCHASE MODE: ETH (ETHEREUM)
EXCHANGE RATE: POLONIEX BUY RATE ETH/USD
DURATION OF ICO: 3 MONTHS
REGULATION: UNSOLD TOKENS ARE DESTROYED
USEFUL LINKS
Website [https://lightbitatom.com/]
Whitepaper [https://lightbitatom.com/whitepaper]
Telegram En [https://t.me/lightbitatom_chat_en]
Authors Details
Bitcointalk Url: [https://bitcointalk.org/index.php?action=profile;u=2093652]