Over the years, Bitcoin and other cryptocurrencies have gained popularity and the awareness has increased considerably. This has in turn resulted to a huge capital investment, large trading volume, and increase in supply and demand. In December 2017, bitcoin reached an all-time highest value of over $19,000 and this event led more people into entering the cryptocurrency markets. Cryptocurrency markets require the service of cryptocurrency exchanges. After obtaining a wallet and wallet address, it is often the next item on the agenda. Cryptocurrency exchanges exist to convert one cryptocurrency into another and to convert fiat currencies into cryptocurrencies of one’s choice. However, majority of these exchanges come with several challenges ranging from liquidity problems to bandwidth and server challenges, inadequate security making lots of investors lose their investments to cyber-hacks and breaches to mention a few. Lots of exchanges are built by a team of incompetent hands who do not take the future of the exchange expansion into consideration. At first, the exchange may appear successful, but with increased patronage, the server gets weak and is unable to accommodate the influx thus leading to a crash in the system. In order to proffer solutions to this and many more, an exchange platform named Ruby-x was birthed.
Ruby-x team due to their expertise and wealth of experience, after studying the genesis of the challenges faced by existing cryptocurrency exchanges have decided to build an exchange that features lasting solutions to currently experienced bottlenecks. The core values of Ruby-x which forms a basis for its features include transparency, extensible and unbreakable. Ruby-x platform aims to become the most sought after exchange in the world.
FEATURES
• Possession of a user-friendly downloadable mobile app to ease trading
• The platform discloses real time transaction history to its users
• Availability of multiple key currencies such as ethereum, bitcoin, USDT, RBY etc. to facilitate convenient trading for users
• Apart from trading of cryptocurrrencies, the platform allows for exchange of funds with a percent allocation management module (PAMM) as well as supports exchange of crypto with USDT. Also the platform supports crypto-fiat exchange
• Sales and purchase of information and new technologies of blockchain could be conducted on the exchange
• One important features of Ruby-x and also an immense benefit for holders of its token is that top holders of its token (RBY) will partake in sharing of generated profit to a tune of about 40%, they are as well entitled to 10% of exchange accrued revenue. This will be received quarterly on a yearly basis
• There is an ICO section featured on Ruby-x that enables new blockchain and cryptocurrency projects launch their ICO on Ruby-x exchange.
• For maximum security, Ruby-x is secured by Amazon web services (AWS) which sees to it that the server hosting the exchange is unbreakable and not liable to a system crash
TOKEN
Tokens that fuel the Ruby-x platform are known as Ruby tokens (RBY). They are built on the ERC-20 smart contracts. On the exchange, RBY is one of the major cryptos can be traded. Payment of transaction fee conducted on the exchange can be done via the use of RBY and this attracts a commission depending on the period the transaction is carried out.
TOKEN SALE INFORMATION
A total of 20billion RBY will be supplied, however only 2 billion tokens which accounts for 10% of total supply will be made available for sale. This will ensure that only a few tokens are in circulation, thus creating an all-time demand for the token, consequently driving up its value. Token sales will be conducted from August 10th-September 17th during which investors can still purchase tokens for $0.22-$0.44, at the launch of the exchange on September 18th 2018, the value of RBY will be $0.5/token. Hence the best time to grab the RBY tokens for cheaper rates would be during this period.
RBY USE CASES
For more information about Ruby-x, kindly visit:
Website: http://ruby-x.io/
Lightpaper: https://drive.google.com/file/d/0B6mGR3eqXfflcDY2VFJtaFRYSWZaTzZWMDhSMUhzLTNJQ2V3/view
Facebook: https://www.facebook.com/RubyExchangeOfficial/
Telegram: https://t.me/rubyexchangetoken
Twitter: https://twitter.com/RubyExchange
ANN Thread: https://bitcointalk.org/index.php?topic=4564194.msg41126532#msg41126532
Writer: Crypto4ruby
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350