Block chain.io is championing the internet of value on a decentralized ecosystem where a trader or investor can securely and seamlessly exchange trade assets, rights or goods and services at any point in time and around the world in trustless transactions.
Seven years ago, the team pioneered a Bitcoin exchange in Europe called the Paymium which is a leading cryptocurrency and fiat exchange in the European market. They intend to use their experience to run Blockchain.io and aims to make Paymium and Blockchain.io the leading cryptocurrency exchanges in Europe by 2020.
Problems of Exchanges
- Security: Most exchanges are not secured which makes it vulnerable to hackers and fraudster to attack and steal user’s cryptocurrencies, a lot of money has been lost through DDoS attacks.
- Noncompliant: Regulations in cryptocurrency dealings are coming to light as this will protect the user’s funds. Non-compliant exchanges had their platform shut down and users account suspended.
- Unreliable: The customer services of some exchanges are very inefficient they do not response to customer enquiry on time or do not respond at all.
- Opaque management: Some exchanges operate dark pools (OTC or Off-Exchange transactions) not accessible by the investing public and don’t address price manipulations thereby allowing some market participants to tarnish others.
- Outages: Some exchanges experience service outages at some point in time which results to lose for traders and investors and when they resume operations, some do not upgrade their servers or fix their account records.
The Blockchain.io Solution
Blockchain.io intends to fix these problems experienced by some exchanges by creating a trusted environment and applying the highest standards in security, reliability, compliance, and accountability that will allow users to trade confidently with no fear of losing funds. The team will rely on its advanced knowledge of cryptographic technology, its operational in-depth understanding of the crypto world, its strict discipline in software development, and its longstanding commitment to compliance and accountability to achieve this.
The internet of value
The internet of value is an ecosystem that only allows a list of a careful selection of cryptocurrencies scrutinized by their blockchain experts to be traded on the platform. The application will allow decentralized settlement of atomic cross-chain trading of cryptocurrencies. The internet of value application will be accessible to the investing public and works on a multiple blockchain based value networks. Different networks are created on different versions of the blockchain protocol that uses different cryptocurrencies such as bitcoin, ether which is a Proof-of-Work (POW), Qtum or Stratis Proof-of-Stake (POS), Directed Acyclic Graph (DAG) coins, and other cryptographic protocols to be updated when designed and minted. Each network meets the need for specific and different types of transactions of users. Blockchain.io as an exchange will enable users to trade across all of these networks.
Blockchain.io Exchange Offers:-
- High-performance matching - The platform makes the availability of high trade and scalability of a trade matching engine on all pairs of cryptocurrencies.
- Basic & advanced orders- Users can set market limits, stop loss, take profit or stop orders and much more.
- Dedicated Customer Support- Customer support staff are available at any time to attend to customers issues .
- Periodic auctions- Transparent auctions is done several times a day to bootstrap new currency markets.
- Proprietary & peer-to-peer lending - Traders can borrow money other users on the platform or from the central inventory of blockchain.io. Here lenders earn interest.
- Short & long margin trading - Traders can borrow funds to benefit from coin volatility by trading on margin.
Blockchain.io Business Model
Blockchain.io will generate revenues from trading activities, lending, digital currency payments and ICO services.
Mainstream Adaptation and Compliant
Block chain.io intends to gain the acceptance of the mainstream for people are still skeptical about cryptocurrencies and its dealings. Regulation will help gain people’s confidence in cryptocurrencies and so the exchange will be fully compliant with regulatory requirements and is ready to assist the regulatory bodies in any way they can. Users can convert their cryptocurrencies to fiat through Paymium exchange. It only pays out in Euro presently but other currencies like USD, GBP, JPY and others will be paid out next year.
Roadmap
The Team
Partners
Visit links to find out more information on the project.
Website: https://blockchain.io/
Facebook: https://www.facebook.com/blockchain.io/
Twitter: https://twitter.com/blockchainio
telegram: https://t.me/joinchat/E1faPRKlcHR1QAPtPkhc8w
Manifesto:blockchain.io/wp-content/uploads/2018/05/BCIO_Manifesto.pdf
Author username on Bitcointalk : Munareal
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1163494