Abstract
Ever since the invention of cryptocurrencies by blockchain technology, there has been a lot of improvement in the payment system globally. Most global industries now prefer to make use of cryptocurrencies as their medium of exchange because of its speed, efficiency, and simplicity. However, as it stands today the only safe medium of acquiring most of these cryptocurrencies is either through Initial Coin Offerings or Cryptocurrency Exchanges.
Cryptocurrency exchanges as we are all aware are of 2 types, the decentralized exchanges and centralized crypto exchanges.
Decentralized exchanges allows direct trading between traders without having to store their funds on the exchange while on centralized exchanges, traders are left with no other option than storing their funds on the exchange. Most centralized exchanges are known to be faced with lot of issues that scares away cryptocurrency enthusiasts.
Issues such as: Lack of transparency, extremely high transaction charges, slow withdrawal and deposit, complex user interface, lack of good support system, among several others.
That being said, we cannot but lay emphasis on the importance of decentralized exchanges most especially now that most cryptocurrency traders are fed up of having their funds being controlled by centralized exchanges.
So to get rid of these challenges being faced by traders on cryptocurrency exchanges, Finatch Inc has come up with a great solution of decentralized exchange platform for all cryptocurrency traders.
Introducing Finatch Exchange Platform
Finatch Exchange is a blockchain based decentralized exchange system with great features and functions to maximize profit and improve general trading experience of its users.
How Does Finatch Stands Out Among Other Conventional Exchanges?
- Availability of essential trading pairs for the convenience of all traders
- Availability of exchange services on all devices such as web, android, iOS and several others
- Multilingual support
- Efficient matching engine capable of processing 1,500,000 orders per seconds
- Completely decentralized operations
On Finatch decentralized exchange, the native coin which is the blockchain based coin of the platform is Finatch Coin (FIN) and it has a total number of pre-mined coins to be 200million FIN with a total supply of 952,000,000 FIN.
Listed below are the use-cases of the coin on the platform;
- Listing fees
- Exchange fees
- Withdrawal fees and
- Other fees on the platform.
FIN COIN PROPERTIES
- Total Supply: 952,000,000
- Total Pre-mined tokens: 200,000,000
- Block target: 3-15 seconds
- Algorithm: Scrypt PoW/PoS and FT
- Stake Return: 5 FIN coin
There shall be no Pre-ICO or ICO conducted by this platform, rather, they shall distribute 50% of the total pre-mined tokens through airdrops and bounties to the public and also, 15% of the gains on this platform shall be used to conduct a token buy back and burning event which will occur quarterly until a sum total of 50% of the pre-mined coins have been completely burnt.
For further enquiries about this project or if you want to keep in touch with the team, please check the links below;
Author’s Bitcointalk Username: dvmmayowa
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2505500