Blockchain projects are the newer and more exciting trend in the global financial sector today. More specifically, the seemingly limitless applications of blockchain based currencies, popularly known as cryptocurrencies is breaking barriers everyday. Having amassed a staggering market cap that is just over 200 billion dollars, it's quite clear that cryptocurrencies are no joke, and with the right approach, they serve as a seamless means of performing day to day monetary transactions, while their anonymity makes it easy for them to be used across borders and amongst any group of people anywhere around the world.
If you have ever been involved in any cryptocurrency project, especially a fund raising ICO, then you know that the first thing that comes after the ICO is completed is the struggle for projects to get listed on an exchange, especially one that has a fiat gateway, in order to provide liquidity for the investors.
For some this decision isn't a problem as there's a lot of money collected during the ICO, so they pay to get listed on centralised exchanges that have these options. For others it is not quite as easy, and mainly because of the large amount of money that is required as listing fees by most of the reputable centralised exchanges.
The only viable option for them becomes to try and get listed on the numerous decentralized exchanges we have today that offer mainly p2p transactions, but of course none of these exchanges provide a fiat gateway. Also, liquidity is very poor therefore providing room for massive price slippage especially when filling large buy or sell orders, often leading to traders incuring avoidable losses, and so much inconvenience.
Dexs are also usually very slow, I don't know if it's from their servers or something else, but it gets really annoying sometimes.
Another pressing isssue is that of customer service which with both the centralised and decentralized exchanges is sometimes ridiculously poor. One exchange I used took three days to reply to my email about my missing funds, and as you probably already know, in the crypto trading universe, time is Money.
Let's talk about AXNET - The asset Exchange Network
Every day you hear about new exchanges some centralised and others decentralized they usually really isn't any difference between them and the pre existing ones is the same thing over and over again but as the popular saying goes necessity is the mother of invention and today the necessity for a reliable extent has brought about the development of what I believe is one
Well of course when you hear about a new exchange, the first thing that you want to know is is it centralised or decentralized? - well AXNET is BOTH. A hybrid between a decentralized exchange and a centralized one, and switching between either would be as easy as switching from silent to loud on your mobile phone.
Imagine having the freedom and anonymity of a p2p decentralized exchange coupled with the liquidity and security of a centralised exchange.
AXNET we become the new hybrid between centralised and decentralized exchanges providing you with options 4 posts depending on what your preferences are. personally I use centralised exchanges when I want to trade popular cryptocurrency like bitcoin or ethereum, while I prefer decentralized exchanges when I'm trading eth based tokens that probably haven't been listed yet. Whatever your preferences are, AXNET has got you covered.
Another important and very pleasing attribute of AXNET is the availability of a fiat channel for a conversion of your local currency into cryptocurrencies. Now this is what I really look forward to on AXNET because it solves a real life problem for me. Like I said earlier, I usually trade ETH tokens on decentralized exchanges, especially IDEX., So when I want to do that using fiat, I have to first buy the cryptocurrencies using local currency usually from one of the few exchanges that have a fiat gateway like coinbase, then transfer the eth to my DEX wallet before I can trade. This is both inconvenient and a wastage of transaction fees. By having both a decentralized and a centralised exchange in one place, and having a fiat gateway, AXNET will aid in solving that problem.
Interested?. Check out the website and learn how to be a part of a revolution
https://www.ax.net
If you want to know more, read the official AXNET Whitepaper
https://ax.net/docs/AXNETWhitepaper.pdf