Whenever a startup firm that based on cryptocurrency wants to raise money, they do it through an Initial Coin Offering (ICO). The firm generally publishes their whitepaper that fully states every aspect of their project or venture, like what will the project fulfill after it is completed, how much capital is required to complete the task/venture, the share of virtual tokens that the owner of the projects will get to keep, and the duration of the task.
During the entire tenure of an ICO campaign, the firms supporters and enthusiasts buy a little part of the circulated crypto coins with virtual or fiat currency. These coins that are distributed by the company serve as tokens and act like shares of a company, which is offered to the investors in an IPO (Initial Public Offering). If the firm fails to raise the required capital then the collected money is distributed back to the backers and the ICO is termed as unsuccessful.
Ripa Exchange is a hybrid-decentralized cryptocurrency exchange. The main mission of this exchange is to provide safe and secure trading partners to the crypto traders so that they can operate freely on a daily basis, and lower the entry level of opening new cryptocurrency exchanges. Ripa Exchange also provides an exchange architecture for cryptocurrencies that enables easy connection to, authentication, KYC/AML, ETL/reporting, and various other services.
Ripa Exchange is developed and run on the Rails framework and employs various other cutting-edge technology. The exchange plans to migrate to a novel hybrid-decentralized exchange. With the migration on a hybrid-decentralized exchange, all the exchanges participating in the Ripa network will get to share liquidity with the use of RLSP technology.
The various features of the Ripa Exchange include it being:
Open Source: All of the source code used in the exchange are publically released pursuant to the terms of its MIT License.
Compliant: It follows international KYC/AML standards.
Transparent & Configurable: One can customize it as per their own needs.
Internationalization: The site can be viewed in multiple languages..
Proof Of Solvency: One can easily deploy PoS.
Multi-accounts Trading: It also lets its users trade in various other currencies.
Multi-accounts Users: Lets its users create multiple trading accounts.
Enterprise Exchange: The platform includes a unique scalable distributed worker threads, high-performance matching engine, and SMS 2-factor authentication.
Functional & Intuitive: The website is user-friendly, clean and smart.
The RipaEx platform has future plans to launch its own blockchain called Ripa. It will function on DPOS protocol.
The XPX token (−−P symbol) running on the platform will serve the following purposes:
- Listing of new cryptocurrencies on the various Ripa Exchanges
- Advertisement of new projects
- Buying RipaEx gadget
- Payment for the goods that are sold etc.
- Liquidity sharing between Ripa Exchanges present in the same network
Being an ARK fork, Ripa blockchain will let each exchange listed on the exchange share the same liquidity. Hence, Ripa Exchange has the potential to be the next big thing in the world of cryptocurrencies.
Features
Links
Website: www.ripaex.io
Bitcointalk ANN: bitcointalk.org/index.php?topic=3759172