At 2009 Someone that have aliases name “Satoshi Nakamoto” create the first cryptocurrency in the world with the vision to break the centralized system called with Bitcoin (BTC) first people didn’t notice the coming of new technology called “Blockchain” but slow but sure Bitcoin have been accepted by most of people in the world although total marketcap in Cryptocurrency market reached All time high $800 Million in January,2017 Based on coinmarketcap.com, exactly the growth of cryptocurrency followed with the growth of exchange that support the trading of cryptocurrency, until now there are top 100 exchanges based on volume from the coinmarketcap.com/exchanges,
There are many types of exchanges.
First is Ordinary Exchanges this type exchanges system is one way trading this one way trading is like you become a seller and trade on traditional market, if you want to get profit you must get a higher difference from the price that you have buy as example you buy 2000 coin xlm at 3400 you want profit 10% so you must sell it at price 3740 or if the price drops to the 3060 you loss 10% from your funds. In this type exchanges there is no margin call or loss 100% from your funds except the coin that you have bought is scam this type exchange can be decentralized exchange and centralized exchange
Second is Margin Exchanges this type exchange system is based on Centralized Exchange and this exchanges system is two ways trading this two ways means that you can buy long or sell short to get profit usually the margin exchange is followed with leverage system as example
You buy (long) with 10x leverage with amount of funds is 30$ , You buy Cindicator (CND) at the price 0.2$ and the price up to 0.22$ or (10%) with the 10x leverage you get the number of coins 10x than you can buy before because you are likened to having 300$ but if the price drops to 0.018$ you are liquidated or loss all your funds (30$) so to make it easy the number of leverage can make you get more and loss more than you can imagine, more high leverage more high profit also more high losses if you use 10x lev when long each the price of coin up 1% you get profit 10% and also vice versa, exactly when you use 10x lev and 5x or 50x lev the liquidated price (price when you loss all your money) is not same. Like i said before more leverage, more risks.
You sell (short) with 10x leverage with amount of funds is 50$, You sell Ripple (XRP) at the price 1$ and price up to 1.2$ so you loss 20$ from your funds that you use or if the price down to the 0.8$ you get profit 20% and if the price up to 2$ you losses all your funds or get liquidated same with what i said above (P.S liquidated price in this article is just example the market can be different)
But, i found a difference in Extradecoin about Margin trading, In ExtradeCoin if the market come agains your position and you lose 30% from your position whether it’s long or short your trades automatically closed by the system to prevent you lose all your funds so the different between current margin exchanges and extrade margin exchange is no margin call in Extradecoin.
If you want to know about Extradecoin Exchange visit https://trade.extradecoin.com/
Another Features of Extradecoin exchange is the security, extradecoin adapt Amazon Web Service’s security for user, this system requires account authentication, client identification and 2FA security also Extradecoin introduce new Multisignature wallet, this wallet differents than others that only have 1 private key this wallet have 2 private key for users and for Extradecoin and this private key will stored in separated servers
As We know there are Bitcoin and Altcoin in cryptocurrency world the amount of altcoin is very much, the altcoin comes with ICO or maybe only airdrop but in this huge market sometimes the Altcoin with Great Projects doesn’t have a place in the market due to high cost of token listing on the exchange so Extradecoin come to solve that. Extradecoin want to promote an ICO with integrate and introduce new ICO projects to the community. Users can participate on an ICO that they want using ETH (Ethereum), These ETH will be transfered to the ICO managers after that they will send amount of token to the investor. When ICO Ends users can trade it on Extradecoin although these tokens not yet officialy trade on the market
When you stressfull because you lose on some trades or anything, it’s normal that you need to do something to refresh your minds, playing a game is one of the solution but often when you play a game your stressfull is not reduced, but it increases due to you didn’t get anything from it or because of another reason. Due to problem above Extradecoin come with new idea that called with Tokenplay.
What is Token Play?
Tokenplay is Platform Game base on Blockchain that Extradecoin have, with Tokenplay user can store items they have been purchased in their private wallet. Gamers account are highly secure with Google 2FA Authentication,password and Extradecoin password. The security increase due to this information is stored in Smart Contracts so no one can’t access and change it although Game Developer and Administrator, each new users that play Tokenplay is rewarded with 100 ETE Tokens, also bonuses from the game will be pay with ETE Tokens and users also can sell this token on exchange to get double profit. If you want to know more about Tokenplay you can try the game with visit this MVP link http://tokenplay.org/
Details of Token
Token Sale
Extradecoin have Softcap $5M and Hardcap $10 M and until now they have raised funds $1M if you want to buy ETE Tokens just visit their website at https://extradecoin.com/ because presale with 20% token bonus is live now until September, 5 2018
Token Distribution
Use of Funds
ExtradeCoin have a good and professional team the Core team is mentioned in the image below
Core Team
For another member of the team you can visit the Whitepaper of Extradecoin in here or you can visit website of Extradecoin in here
Extradecoin also have some good and popular partners you can see the detail below
As i said before that Extradecoin will support the ICO listing this statement is not just theory but in fact Araw and Cargocoin, one of Extradecoin’s Partner is still in ICO Phase
For More Information About Extradecoin please Visit
Author :sabhana
Sabhana Link
ETH : 0x9ef6aEbDBC6300149e608F5a2ECB68324940d8Db