Introduction
Old times exchange system
In the medieval times, when there was no recognized money or entity for the payment of goods and services, the world was characterized by a barter system where exchange of goods for goods was the order of the day.
It was a mindful and necessitated mechanism where someone who had something (food items, clothes, commodities e.t.c.) worth exchanging would meet with another who also has something worth exchanging in return and then a swap concensus takes place.
Exchange was beautiful, seemed palpable in its prospects at that time, eventually many shortcomings creeped into that system, things like:
- Lack of consensus in wants.
- Exploitation in exchange size with respect to commensurate size in the other commodity.
- Exchange had to be done only when both parties were willing.
- Conflict of interest.
- Perishability of goods and so on.
Barter exchange system graduated to another level where cowries (accepted currency as at them) became a viable means of exchange for goods bought and services rendered. Payment systems have since then transcendednto various forms that were piominent and acceptable during their time from car race to shillings to very much acclaim naira (Nigeria), a legal tender backup by law and issued by the CBN (Central Bank of Nigeria).
Exchange is a way of life, a way we have chosen to live and give meaning to the things and financial operations we engage in.
In international trade, exchange of currencies occurs and reflects in the balance of payment and trade receipts. Most times, these exchange are often characterized and swayed by a lot of economic factors and monetary policies e.g Inflation, excess Import, low Export, recession, and Gross domestic product etc.
The Crypto Awakening
In the year 2009, with Satoshi Nakamoto (Anonymous) pioneering a trail blazing feat with the creation of the virtual currency "Bitcoin", the need for change in the financial trend and online transacting surface.
Other cryptocurrencies likes the billion coin, Dogecoin, Ethereum, Litecoin and a host of them sprung up and also commenced virtual online operations with their companies doing ICO (Initial Coin Offering) and KYC (Know your customer) .
With these, individuals, groups and companies were able to keep up and stay abreast with the most recent technological operations of the virtual tokens built on the blockchain system through a decentralized platform.
Many airdrop operations and routines have kick started with start up companies adopting the blockchain networking system as a means of operating their own currencies, developing their own unique websites and online platforms for transactions.
The Crypto Global Sphere
Recently, I was privileged to participate in a debate in my school representing my department of banking and finance to speak in favor of cryptocurrency and the legality issues in Nigeria. I was saddled with the responsibility of shedding light on the viable intricacies of virtual tokens in Nigeria and also the globe at large.
The world is ever changing, technology seem to everly spread its tentacles to every corner of the earth 🌍, one of which is the cryptocurrency that has dominated the online exchange system.
Trading and Earning Virtual Tokens
One amazing feat of the blockchain technology is having to harness and access a plethora of activities online. With blockchain, activities like gaming application development, cloud computing storage, multiple user involvement, financial transactions security and wallet management, proof of work(POW), node networking interface etc.
Finance
With blockchain technology, financial management has been made easy, accessible and dynamic in its multivariate entirety.
Cryptocurrencies all around the globe are gaining massive adoption and attention from financial investors, analysts and smart players who have channelled their expertise in financial management and the trading of securities to a divestiture in portfolio in lieu with the buying and selling of Cryptocurrencies.
Finance is part of the big picture of the world's economy that cannot be neither underemphasized nor overemphasized, as such, the trading of virtual tokens, mining and its exchange for a financial value with respect to fiat money (Legal tender that can be held) seems like a palpable involution.
Currency Exchange (The Virtual Platform)
With the influx of over a hundred Cryptocurrencies and more available online for trading growth and financial transactions, there is a need to convert these virtual tokens for a financial value that is legally accepted. No doubt, money change hands transiently according to the kind of transactions engaged in. However, when Cryptocurrencies are amassed in the wallet of a cryptoinvestor he/she may have need to convert them to Fiat money either in Dollars, Naira, Pounds, Yen etc, as the country may apply.
Why the need for exchange?
Volatility
Cryptocurrencies since inception have been characterized by a high level of volatility (unstable fluctuations in prices) due to mining, hoarding, speculations, excessive buying, exchange rates, availability etc, hence most people (investors) see crypto investment as a means of deferred investment on a long-term basis when the exchange market is viable.
Although the Litecoin seems to stand out with respect to price stability and regulations, most cryptocurrencies have their values and intrinsic worth hinged on the Bitcoin. Being the foremost cryptocurrency in the world, it holds a viable watershed and a yardstick for measuring the performance of other cryptocurrencies in the exchange market.
About a week ago, the Bitcoin rose from $6200 to as high as $7400 within a day and eventually nose dived to about $6400 the next day. Some of these shortcomings are the reason for necessitated exchange of these virtual currencies for value almost immediately and seamlessly too.
Recognized Cryptocurrency Exchange Platforms
The need for exchange of virtual currencies for acceptable legal tender have brought about a catalyst for the creation, development and dominance of some notable key exchange platforms in the world today. Some of them are:
- Kucoin
- Binance
- Blocktrade and so on.
Although these exchange platforms have performed their best in enhancing and linking buyers and sellers of cryptocurrencies for a financial value. It has not been able to collect all these cryptocurrencies under a single umbrella, hence it has been a decentralized system of individuals registering with quite a number of online exchange platforms to trade in their multivariate cryptocurrencies in their different crypto wallets.
Scenario One.
Kaitlyn [fictional] is a U.K based cryptofinancial investor who doubles as a mortgage agent during the day in order to earn a living. Kaitlyn owns quite a collection of crypto based financial wallets in which she has in recent times performed virtual operations and has some cryptocurrencies to trade on the insurance of a financial need before the end of the month when she'll be officially entitled to her salary from the mortgage firm. Although she has quite a number of wallets like Blockchain, Avinog and Imtoken and operates quite a number of exchange platforms, she finds it time intensive to have to consult all these different exchange platforms at a single point in time to get monetary value for her dealings. She wishes there is an avenue for accessing all cryptocurrencies on a single page and at a go.
Scenario Two
Odufoye (fictional) is a Nigerian based blogger who is also seeking member of the Steemit Community. In recent times, he has engaged in some contests sponsors by the likes of Ned Scott (C.E.O Steemit), 
Blockchain; A Catalyst for Exchange
The blockchain platform offers a quick, secure and reliable cryptocurrency exchange that enhances and permits the trading of different Cryptocurrencies, one against another. With blockchain's technological dynamism, fast accessibility and order processing system, likewise matching orders, it offers a centralized exchanging platform alongside a decentralized cross-chain settlement system. The dualism of both centralized and decentralized uniqueness which they blockchain has fused together makes it one of the most recognized, adopted and widely used technology in the world.
What is OnePageX?
OnePageX is a simplified cryptocurrency exchange that offers a wide range of accessibility and selection of cryptocurrencies.
OnePageX is a short variant for the One Page Exchange, where "X" stands for Exchange. OnePageXis an exchange platform that intends to ease the transaction processing trading and converting cryptocurrencies.
What makes OnePageXseamless ?
- No Registration
With OnePageX, you do not have to worry about the rigorous intricacies of registration like all other existing exchange platforms. All you have to do is pick up any cryptocurrency you intend exchanging and click on the go button.
- Multiple Currencies
OnePageX is a platform that welcomes a plethora of cryptocurrencies. It makes the exchanging activity seamless, easier, faster and better. Time will be saved and you will have an instant value for the exchange of your virtual tokens either in Fiat or other tokenized assets.
- Uniqueness
OnePageX is the first of its kind, creating a pioneering and a trailblazing feat by being the first exchange system to garner about over a 140 cryptocurrencies under a single platform for exchange and is still working to adopt more features and enlarge its cryptocurrency base in the future.
- User Friendly
On visiting the OnePageX website, one will see that its interface is a very lovely and astonishing one. It has a user friendly way of making you feel relaxed and comfortable while performing your exchange either on your phone or on your computer. It offers exchange in the simplest and the most colorful form.
How OnePageX works
OnePageX works in such a way that every time you generate a transaction, your URL (Uniform Resource Locator) will add on a a "session". An individual who wants to perform exchange will simply bookmark the website page or copy and paste the link for easy accessibility. It is dynamic such that the addresses that have been generated can be used indefinitely and you surely can always go back to make references to your previous transactions and check the status of these transactions. Like its name, OnePageX it is coined from accessing a host of cryptocurrencies on a single page by integrating the exchange system thereby seeking out the best, most efficient, appealing and tradable price for any of the given cryptocurrency. It is such that users are no longer enclosed by just accessibility to a few cryptocurrency as earlier mentioned but rather over a 140 to be accessible to the user.
OnePageX Vision and Future
OnePageX, although a new platform that has just been launched most recently, it holds a watershed for so many futuristic promises and implementations that will enable more users to convert more cryptocurrencies. One of which is the development of its API ( Application Programming Interface).
API ( Application Programming Interface)
A set of functions and procedures that allows the creation of applications which access the features of data on an operating system application or other services
Source: Google
OnePageX upon its initial launch concerts all its cryptocurrencies from Bitcoin, but lately, other assets have been infused, added and recognized for safe exchange. OnePageX plans to implement a age exchange inclusion system for the Steemit Community likewise. Isn't it just amazing? Rigorous formalities are cut out and exchange is on the go! at the click of a button.
Vision of OnePageX: To enable the trading of most cryptocurrencies with a simple interface.
OnePageX Transactions
OnePageX apart from clamouring for a simple interface, OnePageX allows multiple transactions on a single page. It is such that the transactions are added in card form that users can always make reference to at any point in time either for usage or evidential documentation.
Step One: Choose asset to convert
Step Two: Enter a withdrawal address
Step Three: Click Start Exchange
Use Case
Tony is a cryptocurrency investment person who loves divestiture, he owns some wallets and has some virtual currencies in them. He needs to access an exchange platform to perform the transaction. He is introduced to OnePageX by Sally and since then exchange is on the go for him.
Transaction Status Indicators
The transaction cards reflects the transactions at different intervals and at a specified order of progression that is detailed. This enables the user to stay in line and get carried along with the transaction trend that is expressly being performed at that point in time.
First Process
Second Process
Third Process
OnePageX Application Widget and Integration
OnePageX has also developed a mobile widget that enables and enhances the performability of website accessibility interventions by simply copy-pasting a snippet (re-usable source code).
Websites and Online platforms will harness the viable ability to grant its users the leverage of safe and fastest cryptocurrency exchange available.
Conclusion
With OnePageX exchange is made simple, seamless, technology efficient, cheap and easy to use. What more could you ask for when it comes to exchanging your virtual tokens for a financial value?
For More Information and Resource:
OnePagex Website
OnePageX FAQ
OnePageX Onebox
OnePageX Twitter
OnePageX Medium
OnePageX Steemit
OnePageX Telegram
To participate, follow this link:
https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-onepagex-com
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