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Since the emergence of cryptocurrencies a decade ago, an entire ecosystem with products and services has formed around them. Exchanges are an important part of this industry, as they are the place where people can safely trade their crypto assets and gain profit. In the case of altcoins that are becoming more and more popular, an individual would have to initially purchase Bitcoin or Ethereum with fiat currency and only then he could trade BTC or ETH for that particular altcoin. And when the trading process was over, he would need to sell the altcoin again, to Bitcoin or Ethereum and then sell their BTC or ETH for fiat currency. As you can see, this process is a bit tricky and time consuming, not to mention the extra fees one would need to pay.
The Solution – FinanceX
FinanceX comes with a different approach to this problem, allowing its users to trade cryptocurrencies with any fiat, using any payment method, regardless of their geolocation. By doing this, FinanceX is developed to become the world-class cryptocurrency exchange with one of the highest liquidity, providing absolute security and the lowest fees. This is a true innovation, considering the alternatives that currently exist on the market. Without any intermediaries, users will now be able to trade easily, on a high-tech platform that ensures high liquidity with a stable trading volume at low rates.
According to their White Paper, transferring from fiat to wallet will take as little as 30 seconds and withdrawing into fiat will take less than 60 minutes from transaction time. This simple, yet so complex aspect, will make cryptocurrencies accessible to the masses and will greatly improve our overall trading experience.
The Token - FNX
FinanceX will have its own token to power its ecosystem. The FNX Token is developed on the ERC 20 standard running on the Ethereum blockchain. There will be 900,000,000 tokens released with a soft cap of $3,000,000 and a hard cap of $15,000,000.
The Team Behind The Project
It is said that a project can become as big as the team members behind it. Fortunatelly, behind FinanceX lies a solud business and technology team with domain expertise. Their team of advisors is also strong and only by working together they can bring such an ambitious project to its full potential.
The RoadMap and future plans
During 2020 and 2021, Financex will develop its cutting edge high tech decentralized exchange. However, until then, the exchange will be launched in multiple countries, such as Indonesia in November 2018, Thailand and Philippines in February 2019 and Malaysia, Laos, Myanmar and Singapore during the rest of 2019. The year 2020 begins with big plans for FinanceX, as they will open exchanges in Asia Pacific countries. Only from these details, we can already see that this project has tremendous potential.
In Conclusion
FinanceX aims to be a game changer in the cryptocurrency exchange industry and solve one of the simplest, yet most troublesome problems encountered: the possibility to easily trade using fiat currency. This amazing project is currently undergoing ICO and I encourage you to look it up, starting with their website https://ico.financex.io and White Paper https://drive.google.com/file/d/1rYAQXQW0UJWLnxB7mYRHq3PxEsA4i8Bf/view
Considering the unique and original vision of this project, its token has the potential to go up after the ICO will be over and the exchange up and running. Only time will tell what will happen and it is very important to conduct your own research before taking any investment decision.