It is evaluated that more than 50,000,000 (50 million) individuals worldwide are engaged with Cryptocurrencies and they are either holders, traders or just Crypto Enthusiasts. There was huge development particularly in 2017 when a few cryptocurrency exchanges needed to incidentally delay enrollment of new users.
It isn't just about the development in number of digital coins, users and tokens, the market estimation of Cryptocurrencies has likewise increased, from it's starting when it had no value, it has now gotten to a phase where digital money presently has a joined marketcap of over $200,000,000,000.
Be that as it may, with the development and advancements so observed so far in Cryptocurrencies, have you thought about how individuals get Cryptocurrencies or trade them starting with one sort of Cryptocurrency then onto the next? The Answer to this inquiry is CRYPTOCURRENCY EXCHANGES.
Last time checked, there are several Exchanges in existence and as a proficient trader who has exchanged more than 40 distinct exchanges and has made more than 1000 exchanges since December of 2017, I can strikingly say that I have seen each kind of exchange there is however as of late, I discovered an extremely exceptional Cryptocurrency exchange that plans to do what Blockchain on a very basic level means to accomplish.. A reasonable and reliable financial society.
I want to give a complete SWOT Analysis of the AXNET Exchange now, I have already expounded on the essentials of this exchange earlier, Incase you missed it and need to take in more about AXNET and its unique features, read my past article HERE
For the individuals who don't have an idea, SWOT basically implies.
- Strengths
- Weaknesses
- Opportunities
- Threats
STRENGTH OF AXNET:
The Strengths of AXNET exchange in it's one of many features, it is a project that is centered around the basics of Blockchain technology which is to make a reasonable and reliable financial community. how does AXNET intend to accomplish this? To enable you to more readily comprehend these progressive features, let me clarify them a bit beneath before we continue.
Features and dashboard
TOP NOTCH SECURITY:
The Security of assets and users in the AXNET platform is the top priority of the AXNET Team, as a result of the Billions of trades that is carried out through exchanges in a regular schedule, they have been serially attacked by hackers as of late, I recall the 2014 incident including the Premier cryptographic exchange named MT.GOX in which 740,000 was diverted by hackers up till date this remaining parts the greatest cryptocurrency heist that has been done in a Cryptocurrency exchange, this loot is worth $4.4 billion dollars at current rate of Bitcoin.
Sadly this isn't the only occurrence, there has been different incidents as where exchange platforms were hacked and user funds carried away, this is the reason the AXNET Team ensured they utilized multi-layer firewalls and multi-signature programs to boost the security of users funds and assets Also, they are working intimately with best security Outfits to guarantee the security of asset is ensured in the [AXNET](ax net) Platform.
QUALITY AND CONVENIENT EXCHANGE PLATFORM:
Have you at any point endeavored to perform a trade and it continues crashing or errors keep springing up? This is because of the predetermined number of exchanges that the exchange's coordinating calculation is worked to deal with, in AXNET these issues would not have to trouble any trader, AXNET is worked to deal with several TPS (Transactions Per Second).
CENTRALISED and DECENTRALISED TRADE PLATFORM.
FIAT TRADING AGAINST CRYPTOCURRENCY PAIRS:
To crown everything, in consistence with it's objective to develop a transparent centralised and decentralised exchange platform, traders can also trade their crypto-assets against FIAT pairs conveniently, traders would have the capacity to settle on vital choices in the platform. read more about FIAT TRADING AGAINST OTHER CRYPTOCURRENCIES on the WHITEPAPER
WEAKNESS OF AXNET EXCHANGE:
I have looked for a shortcoming in the operational standard set used by AXNET and I could discover none, the main thing taking after shortcoming I could recognize was that it is as yet a genuinely new exchange despite the fact that it has solid community supporters, there are more than 8,000 registered community members on telegram in the AXNET Platform yet with the forceful promoting efforts composed by the AXNET Team, you can make certain this is another unique exchange, it's development is quick and steady.
OPPORTUNITIES OFFERED BY AXNET EXCHANGE:
Have you at any point wished there was a centralized and decentralized exchange that co-exist to trade conveniently with FIAT currencies against other cryptocurrencies by simply switching tabs, If yes your payers has been answered, AXNET comes with these unique features for traders so you should simply register with a few clicks on the website. Marvelous right? Click HERE to register AXNET exchange.
THREATS WITH AXNET EXCHANGE:
AXNET is a Cryptocurrency exchange and simply like other digital currency exchange, the primary danger confronting it is Hackers, lately exchanges has been main targets to hackers yet with the strict safety efforts and conventions utilized used in the AXNET Cryptocurrency Trading Platform, these risks has been nipped in it's bud.
To learn more about the Revolutionary AXNET exchange, check out my previous article about it Here, and for additional information and relevant links, you can check the links below:
Bounty0x username: Seun