Introduction
Cryptocurrencies have immensely contributed to the evolution and widespread acceptance of the uprising - digital age, no doubt. In fact, speculations are that in the near future, it will replace our conventional financial institutions, talking of banks.
The future of the digital currencies is indeed looking very bright. There is however a pressing issue and it has to do with existing exchange platforms.
Many cryptocurrency exchange platforms lack fiat channels and so often times, it poses a major setback for traders. Trivial as it might appear at first, it is just enough to discourage potential participants especially when they consider the costs that will be incured overall in other to eventually trade for USD, BTC, JPN or any other fiat on existing platforms.
Aside, there is the issue of poor security, and this makes current cryptocurrency exchange platforms soft target for hackers. Other setbacks associated with these platforms again, have to do with scalability, governance, amongst others.
The rest of this article focuses on axnet; a new-age asset exchange network platform that is set to improve the adoption of cryptocurrencies.
What is Axnet ?
True to fact, axnet is an asset exchange network but its not typical. The uniqueness is birthed from the perks that are associated thereof, including: a fiat channel, 24/7 uptime for customer care and support, a hybrid governance system, it's native AXN token, and so on.
Notably, AXN is an erc-20 token and so its compatible with virtually all ethereum wallet types.
Fiat Channel
So long as life continues, it will forever remain impossible to satiate man. As an example, when the whole cryptocurrency thing started to gain massive momentum late 2017 and crypto investors were raking in huge sums, who would have thought that couple of months down the line, the absence of fiat channel on the platforms could constitute a major bottleneck. Well, that's the reality today and luckily, axnet is aware of this. 
Security
The fact that the likes of bittrex and binance are more often than not, fazed with insecurity issues is hardly news. On its part, axnet is committed to restoring confidence in the sphere by improving security on the platform. 
State-of-the-art Infrastructure
Axnet team is quite visionary and has taken into consideration the possibility of having a overwhelming number of traders on the platform, along the line. By adopting use of cutting-edge, reliable technology, the platform is sure to cater for whatsoever traffic might arise. This way, axnet can easily scale without fear of a shutdown or cyber attack.
Hybrid governance system
Furthermore, the exchange hybridises centralised and decentralised governance on the platform thereby enabling users to toggle between the two at any point in time. So users can choose to manually oversee their account including ingoing and outgoing orders or let the exchange smartly choose from a wider range of options. Since the account and it's details are on a dedicated, offline chain, axnet traders do not have to trust the platform because it won't have access to their accounts.
Use Case
Fred is a cryptocurrency trader and the current bullish state of the market is having a huge toll on him. In two months only, he's lost $600.
Many times when he considers all that he has to go through in terms of energy, cost and time, in other to cash out his digital currencies, it simply weighs him down.
Two weeks ago, Fred decided that he had had enough and so he was going to bail out. On same day, while he was surfing the net, he stumbled on axnet and it did not take long for his problems to become a thing of the past.
Conclusion
Axnet is here now, hopefully, it will restore that much desired confidence in the cryptocurrency sphere, thereby bringing it to the full actualisation of its potential.
Roadmap
For more information, kindly check out the following resources:
Axnet Website
Author: michades97
Bountyox username: michades97