Blockchain.io - Is the next BINANCE getting ready on the horizon? Seems like “Yes” after going through the solid leadership team backing the project with relevant experience and a equally solid vision to cater to the needs of Young Generation Investors in this Crypto world. Will it truly be a Gateway to the Internet of Value for the 6+ billion people in this world? The tycoons in this space expect the Internet of Value to gain mass adoption quickly, just as the free peer-to-peer networks that preceded it on the Internet, namely email and the Web, did. The crypto-exchanges will play the role of heart in this ecosystem and will provide the medium to navigate the Internet of Value.
The project I am going to discuss about is an initiative of Paymium, which takes the pride of being the first European Crypto-exchange serving over 170k customers with its single BTC/EUR trading pair and has been profitable since 2016. Paymium has been registered with the European regulators and lays strong focus on addressing KYC/AML (Know Your Customer / Anti-Money Laundering) concerns. With minimal downtime and resilience architecture, it has been holding independent audit of its books since it started its operation. Internal procedures will protect the Blockchain.io exchange from social engineering attacks. Periodic technical audits and time-stamped logs will allow detection of any tampering attempts in the accounting database. These audits will verify that the inventory of coins (assets side) matches the records of liabilities with cryptographic proof.
With global crypto market capitalization expected to cross magic figure of $1 trillion by end of 2018, Blockchain.io is aiming to be the leader with 65% of the total transactions taking place on its platform. It has ambition to gain European Leadership by 2020 by extending its reach to every corner of this underserved market. The future lies only with decentralized exchanges or the hybrid exchanges such as Blockchain.io. The decentralized cross-chain settlement will be based on cross-chain atomic swaps, i.e. cryptographic protocols that allow users to settle transactions across heterogeneous blockchain networks without ‘trusted’ third-party and without counterparty risk. The centralized part of the exchange will offer highly secure custody services with cold storage and cryptographic proof of reserve. This will represent a big departure from traditional markets and a major step toward the Internet of Value.
As we all know that security is one of the key features of exchanges, and which has taken centre stage post major hacks since beginning of this year. Crypto-Investors are looking more towards security and have started shifting towards quality exchanges. High volume crypto-asset platforms are constantly attacked by hackers who seek to bring the systems down, typically through DDoS attacks. Fraudsters also try to break into accounts using social engineering to steal cryptocurrencies from users. This in turn creates panic and fear in the market and rather creates a hindrance in building the trust of valued investors.
The basic and advanced features such as Stop Loss, Market, Limit order, Self-cancelling and expiry orders has been designed to match the need of both retail and Institutional investors. Both Short and Long Margin trading will be active on the platform and it promises to offer a high scalability trade matching engine. An institutional grade exchange which is betting on security and compliance will surely draw in the institutional money, which is still waiting on sidelines but eager to enter Crypto space with right partner. Not only this, it will provide peer-to-peer lending to traders. The lenders will earn interest on the borrowed funds and the interest rates will be determined from supply and demand metrics available in the order management system.
Recently, many ICOs have been hastily promoted and have flooded the market in large numbers. Buyers have rushed to buy in, often driven by the fear of missing out on the ‘crypto’ opportunity rather by an informed assessment of the value of the coin/ project. Blockchain.io will address this need by developing a World Class Incubator for ICO Planning & Execution. Retail Investors too as it will save them from Scam projects, which have increased significantly since past 2-3 quarters. Not only this, its selection of tokens to be listed on its platform will be unique based on 100% due diligence. So only the trusted projects holding immense potential will only find space on this platform. High transparent price discovery mechanism in the form of regular auctions will attract lot of crowd from competitors. These auctions will be held several times during the day.
The team is being led by Pierre Noizat, who is a vetern in crypto space. He was the CEO of one of the first Bitcoin exchanges the world witnessed in year 2011 and now he is leading the next stage of world class SEC compliant exchange. The other team members too hold degrees from finest of educational institutions across the world and have substantial work experience under their belt. The advisers to this project come from the leading Investment institutions, making it easier to secure an relatively easy access to Institutional Clients.
And last but not the least, this exchange promises to focus on 24x7 Customer service, which has been the pain point faced by most of the investors dealing with exchanges today. The part, on which the exchanges do not feel like giving much of stress and don’t want to spare resources for these have to acknowledge the fact that unilateral service cannot run for long. Customer is the king and the issues he/she faces have to be resolved in well defined time and to his/her satisfaction. This only leads to generation of trust and customers spreading good word about the platform.
The blockchain.io trading and charting platform will be available as a mobile application (iOS, Android, HTML 5), desktop application (Mac OSX, Windows, Linux) and web-based application. It will comply with the FIX (Financial Information Exchange) protocol and will provide data to institutional traders for high trading performance by lowering execution time, multi-channeling and privacy.
I am already betting on it as it is hard to find so many advanced features available on a single platform and how about you? Isn’t it one of those projects which can be categorized as “Too Big project to fail” and a must have for your long term portfolio?
Further details on this Project can be checked at the website link https://blockchain.io/
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** This should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research before investing.**