Crypto currencies such as Bitcoin, Ethereum and Ripple have not only established themselves as means of payment in recent years, but have also increasingly proved to be a highly attractive field for investments. However, the current situation on the cryptographic markets is characterized by illiquidity, enormous volatility and a serious asymmetry of information among the participants. But this makes the market very lucrative and attracts speculators. Tenfold returns in less than a year are not uncommon. But these gains are at the expense of the ill-informed users. The success in crypto markets is based on information advantages that few have over many.
This is the core problem: a lack of high quality, verifiable information. There is far too much noise in the relevant channels and far too little resilient facts. When you are in Telegram channels, slacks, subreddits and private forums you will find plenty of hype, insecurity and fears. This highly problematic dynamic opens crypto markets for fraudsters of all kinds. Small amounts of valuable information are often the key to unbelievable profits, so that for the ambitious trader or investor the comprehensive search for valuable information never ends. This makes it even more urgent to provide investors with comprehensive information that makes it easier for them to stay in the jungle of crypto currencies and to make buying and selling decisions based on valid data and trend analyses.
This is where the Veraexchange comes in. It provides a platform for new era of exchange where investors are well-informed about businesses they invest into.The time-consuming task of manually selecting and evaluating information is largely transformed into automated processes. With Vera, we help traders to continuously gain experience about the opinions of traders and clients associated with each coin. Opportunities and risks are identified, enabling users to react promptly and proactively. The automatic monitoring of important points thus creates a higher level of security when it comes to moving in this new market. It is thus an important component for a professionalization of the crypto markets.
The value and benefits of Vera correlate directly with the size of the crypto market. Based on current trends, it seems very likely that the market for information and data on crypto assets will explode. The stronger the growth here, the more valuable the features of Vera become and the higher the probability that many people will use the offered service here. The information value of Vera is growing in proportion to the number of users.
VERA EXCHANGE
Vera is a ticket to cryptocurrency world for everybody. A platform for new era of exchange
MISSION
To keep all investors well-informed about businesses they invest into.
ADVANTAGES
Secure and stable
User friendly
Multiple Coin and Securities Supported
Robust Structure for high volumes
BENEFIT OF VERA EXCHANGE
Simplified trading platform with an attractive user interface.
All sorts of tools for technical analysis.
Alerts for all actions.
Reports.
Order History.
Multilingual technical support.
Smart trading.
Various contests.
High level security.
Plenty of currency pairs.
Low fees
PROBLEMS
Security
This is one of the crucial problem facing cryptocurrency at large and it has become obvious to the extend that exchanges are been hacked and these hacks are yet to be eliminated. Users are always afraid of losing their assets when they keep them in the exchanges' wallets.
High fees
This is also a serious problem where high commission is been charged for withdrawal of funds from the stock exchange. These problems are faced majorly by users who withdraw their coins daily. In a situation where the withdraw amount might not be high, a significant part of the amount might go to pay fees for withdrawing funds.
Transfers of tokens from one exchange to another attract higher fees and the more this happens, the more money you spend.
Engine
We discover that most exchanges are built on a weak IT infrastructure and they could not cope with the growing traffic on their website, thereby leading to slowdown in transaction speed of the platform and this usually lead to a complete shutdown.
SOLUTION
Security
Because users are always afraid of losing their assets when they keep them in the exchanges' wallets. Vera exchange do everything possible to prevent any customer to lose any cent of their balance by adopting the security methods which include secure server infrastructure, multiple tests for various penetrations of third-party software and servers, thereby ensuring a high level of protection, as well as compliance with all security standards.
Low fees
Transfers of tokens from one exchange to another attract higher fees, therefore with Vera exchange we helps users’ to save money by having a low fee rate that would definitely satisfy all the traders.
Engine
Due to weak IT infrastructure and growing traffic on their website which leads to large transaction queue, the platform engine should work at its best to cope with the appropriate workload and complete all transactions within required timeframes. VeraExchange is able to carry out up to 1M transactions per second. To achieve these results, we use the AWS infrastructure, which includes a combination of HPC, EC2, VPC, Lamda, DynamoDB, CloudFront pools as well as Java and C++ as a backend and JS for visualizing the interface.
TOKEN DEATILS
Token Name: Vera
Token type: ERC20
Token accepted: USD, BTC,
Softcap: 1M USD
Hardcap: 2M USD
Crowdsale: 1.5M USD
Public Sale: 45%
Private Sale : 25%
Reserve Fund: 8%
Start time: 1 April 2019
End time: 1 May 2019
ROADMAP
Q1 2018
Vera is born
Q2 2018
Authorization and KYC System development
Q3 2018
Trading algorithm development
Q4 2018
Setting up a payment system
Q1 2019
Token development
Q2 2019
Adding support for security token
Q3 2019
Adding support for ERC20 token
Q4 2019
Bugs fixes, interface improvements
Q1 2020
Completion of development
Q1 2020
Vera exchange environment extension
MEET THE TEAM MEMBERS
Lim Chai Yang
Coo
Wilson Lim
Operations
Dimitri Stepz Petrenko
Head developer
Tan Kain Wei Bill
Operations
Kittipon Kankhunthod
Cto
Chen Gu Hai
Public Relations/Operations
For more Information, Please visit the following sites:
Website: https://www.veraexchange.com/ICOVera.html
Whitepaper: https://www.veraexchange.com/files/whitepaper_v10.pdf
Twitter: https://twitter.com/exchange_vera?lang=en
Telegram: https://t.me/VeraExchange
BitcoinTalk Profile: https://bitcointalk.org/index.php?topic=5102708
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9