With every new project coming on board, the blockchain technology is burgeoning and getting into the hearts of anticipated users. The scope had been changed from Bitcoin to other altcoin variants that had hoped to allay fears over Bitcoin’s shortcomings and bringing the crypto community into traditional use cases.
EOSex and Consensus Algorithms
The blockchain community is happy to welcome another project, EOSex into its fold. Before the platform will be dissected, it is pertinent to understand its basics. EOSex had been interested in improvements in consensus algorithms.
Bitcoin had initiated Proof of Work (PoW) before Proof of Stake was launched. EOSex is however pleased with the latest kid on the block – Delegated Proof of Stake (DPoS); an offshoot of the EOS blockchain.
The project’s interest in EOS is not far from the fact that some member of its team had been fans of EOS. EOSex was meant to be upgrade to the former and as crypto trades mount, the project also positions itself as exchange for all digital assets.
Why EOSex was created
The only survival for crypto coins was trading on exchanges pending listing as security. However, this door seems limited to few coins as upcoming projects that had just completed their ICOs hardly have smooth rides getting listed on existing exchanges.
If successfully listed, projects are to pass through demeaning extortions such as high fees. Funds raised during ICOs and set aside for such project’s development will be sued to offset bills that these exchanges charge.
Sadly, available digital assets are few and users have to stick their neck out to find one. On the other hand, traders have little access to digital assets and only few of these assets offer futuristic trade options.
Another issue that EOSex wants to solve is low throughput in trades. Because cryptocurrencies are not accepted in some regions and traders are mostly interested to research and trade new coins, existing coins are left to rotten away because their trading pairs will pile up with little means of continuing the trade.
Can EOSex solve these?
As stated earlier, some team members behind the project had utilized the EOS blockchain and found it viable. Hence, the need to have an exchange where digital assets can be traded without hassles became imminent and EOSex proves to be the exchange that was anticipated.
The project had formulated roadmap that will usher-in user-oriented governance. This will commence after its exchange token, EOSex Proof (EXP) had been issued.
The hitherto low throughput in trades will be put to rest with the project’s trading engine. Utilizing the distributed ledger, the trade engine redistributes functionalities and had not been found wanting in scaling trades even when trading volumes pile up.
Liquid Box
EOSex had conceptualized and put forward solution that will help tokens have high liquidity. Known as “Liquid box”, traders can map their assets on other exchanges into EOSex for faster transaction confirmation.
Trading pairs are also supported and EOSex will serve as broker that leverages trades on behalf of users. Trading pairs such as EOS-based tokens, ERC-20 Ethereum token standard, USDT and ETH grouped tokens will be traded on its exchange.
Beyond Crypto Trades
Crypto exchanges are popular for trading all sorts of digital assets such as cryptocurrencies. EOSex offers another variant. Though crypto coins will be traded, the exchange is also looking at real-world assets getting traded.
You can choose to trade on available pairs or simply channel your trades to other assets such as agricultural products; metals such as gold and aluminum in addition to equities.
Roadmap
Token Sales Information
Token Name: EOSex Proof
Ticker: EXP
Platform: EOS
Exchange Rate: 1 EOS=3,000 EXP
Accepted: EOS
Hard Cap: 890,659 EOS
Country of Registration: Hong Kong
Restricted Areas: Singapore, the US, China
Conclusion
EOSex is reinventing crypto exchanges. Mapping of real-world assets such as gold and agricultural products is one step that will position the platform for bullish adoption against existing exchanges.
Learn more about EOSex with the links below:
Website: http://www.eosex.com/
Whitepaper: https://eosex.com/files/whitepaper_en.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5052625
Twitter: https://twitter.com/eosexcom
Telegram: https://t.me/EOSexOfficial
Writer's Info
Bitcointalk Username: Aiberg
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2258184