CryptoCircleX Review
Crypto Circle Exchange is a new cryptocurrency exchange that is more advanced than its predecessors. Cryptocurrency exchanges are experiencing rapid growth, reflecting the ever increasing popularity of cryptocurrencies like Bitcoin and Ethereum. Yet, these exchanges contend with a number of serious issues, such as security risks, coping with low liquidity in the market, high fees, and weak support infrastructure. As most are aware, there have been plenty of high-profile hacks involving currency exchanges, some of which resulted in millions of lost assets. It’s not surprising that most cryptocurrency users worry about security. Meanwhile, the low liquidity means large orders are a lot more difficult than they should be. Fees are another problem. Some crypto exchanges charge as much as .3% transaction fee. As for support, customer service can be really slow because there is just too much traffic. There are not enough people to handle the amount of questions and concerns coming in.
I see crypto currency exchanges as a necessary inconvenience. Let’s face it: they are a hassle. Crypto Circle Exchange wants to challenge this stigma. They intend to tackle all of these problems head on. With superior technology, the exchange has the power to handle 10 million transaction per second, so they can keep up with the high demand better than most. The focus of the Crypto Circle X project is to provide users with a blockchain asset exchange that is safe, secure, and scalable, while also providing users with top-notched 24 hour live support. The exchange will also feature its own unique token called the Crypto Circle Exchange Coin (CCX).
Benefits of Crypto Circle
The exchange has a matching engine written in GoLang that can process millions of transactions at the same time. With 40 second latency, it is about 100 times quicker than the Nasdaq. Because Crypto Circle X can process a much higher volume of transactions, there is a much less possibility that users will find themselves waiting because the network is overwhelmed by the amount of trading going on. Crypto Circle Exchange can even handle a much higher volume than popular exchanges like Binance and Bitfinex. This impressive technology advancement is by far my favorite aspect of the Crypto Circle Exchange platform.
The exchange has a matching engine written in GoLang that can process millions of transactions at the same time. With 40 second latency, it is about 100 times quicker than the Nasdaq. Because Crypto Circle X can process a much higher volume of transactions, there is a much less possibility that users will find themselves waiting because the network is overwhelmed by the amount of trading going on. Crypto Circle Exchange can even handle a much higher volume than popular exchanges like Binance and Bitfinex. This impressive technology advancement is by far my favorite aspect of the Crypto Circle Exchange platform.
Security and Support
One of the highlights of the exchange is how secure it is. Passwords are never stores so users don’t have to worry about confidential passwords ending up in the wrong hands. Plus, private and personal information is encrypted via AES256. The platform also utilize 2-factor authentication. Cloudflare is used to defend against DDOS (denial of service) attacks that can crash a website. Also the stability of the exchange environment is kept by using real-time market surveillance and anti-market manipulation tools.
The exchange will be able to support a number of different order types, including limit orders, stop-limit orders, and market orders. More will be added in the future. I expect that the support options will be quite versatile. The exchange will launch in several different formats, including API, iOS, Android, and Windows. It will also support a diverse selection of languages, such as
English, Chinese, Italian, German, Hindi, Russian, Romanian, and Spanish.
Currencies
The exchange will initially support BTC, Ethereum, and CCX. It will also support the Euro, although other fiat currencies will likely be integrated into the system later on. The network is equipped to handle as many as 1800 different types of tokens and coins, so users can expect a variety of available cryptocurrencies in the future. Crypto Circle Exchange will also let users cast their vote so they can give their input on what currencies they want to see on the exchange be listed. I like how the team wants to include the users in important decisions. It already has a community feel.
Fees
The exchange fee is 0.2% per trade normally, but when trading in conjunction with the CCX utility token the fee goes to 0.1%. The withdrawal fee depends on the cryptocurrency being withdrawn but the amount is miniscule. There could be other fees associated with A.I. services and listings, but the Crypto Circle X seems committed to keeping fees low. 0.1% is substantially lower than the exchange fee on most of the popular crypto exchanges right now.
More Details
The CCX token has a total amount of 300 million, and will eventually go down to 150 million CCX tokens. 10 % will be burned every 6 months until the burning program is completed in 6 years. The token allocation will be 75% will go to the token sale. 5% will go toward bounty. 5% will go towards bonuses. 15% will go to the Crypto Circle X team. The funds raised from the ICO go towards operations, marketing, legal fees, and development—with the bulk going to development and operations.
The soft cap is $3,000,000.00 USD. The hard cap $20,000,000.00. The currency you need to purchase is Ethereum. 1 CCX equals $0.09 USD. The private sale runs from August 13th through September 17th. The Pre-Sale runs from September 17th through October 22nd. The Crowdsale runs from October 22nd through November 26th or until the hard cap are reached.
Overall, I am excited about this new cryptocurrency exchange. The other cryptocurrency exchanges I have used have been slow and inconvenient. I look forward to having one I can trust, and will be speedy regardless of how much traffic is on the network, especially since the network is also highly secure. Having to keep track of which platforms are vulnerable to hackers is one of my least favorite aspects of the crypto-market.
CCX TOKEN
Total Price in ETH 114,500 ETH amount of tokens may vary due to market price of ETH.
Token Protocol: ERC20 Ethereum Blockchain
Soft Cap: 55,600,000 CCX
Hard Cap: 223,000,000 CCX
Payment Methods: ETH
Available for Purchase: 450,000,000 CCX Tokens
Total Coins: 600,000,000 CCX Tokens
Private Sale: 15% Bonus Tokens
Presale: 7% Bonus Tokens
Main Sale: 0% Bonus Tokens
1 ETH: 1,945 CCX Tokens
1 CCX: $0.09
Token Distribution
ROADMAP
Crypto Circle eXchange is the most sophisticated and secure cryptocurrency exchange that is supported by advanced technology that is capable of carrying out more than 10 million transactions per second.
All the important information about CRYPTOCIRCLEX project can be found here:
WEBSITE: https://cryptocirclex.com/
WHITEPAPER: https://cryptocirclex.com/whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=4906962
TELEGRAM GROUP: https://t.me/CryptoCircleX_Official
TELEGRAM ANN: https://t.me/CryptoCircleX_OfficialANN
TWITTER: https://twitter.com/CryptoCircleX
FACEBOOK: https://www.facebook.com/CryptoCircleX
MEDIUM: https://medium.com/@CryptoCircleX
YOUTUBE: https://www.youtube.com/channel/UC9O02sSoZseAWQoople7GDw
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2002666