INTRODUCTION
Blockchain is a recent technology that is already changing the face of many business due to it's associated advantages. It is seen as a network that is decentralized and distributed across all its nodes so that the network cannot be compromised in any single node.
Currently, it is practically impossible for any single individual to manipulate informations stored on blockchain network. This high level of security amongst other advantages is the reason why so many blockchain related business model are being developed while already existing businesses are seriously in a quest to adopt blockchain.
However, Lack of transparency and poor security infrastructure amongst other inadequacy still exist even in the financial sector especially cryptocurrency; this existing problems gives meaningful reason for the development of HDX Exchange.
WHAT IS HDX
HDX is a cryptocurrency Exchange platform that incorporates some key features that differentiate it from regular crypto Exchange.
The enormous advantages of blockchain which has given rise to the proliferation of cryptocurrencies is a major reason for the development of Exchanges. Exchanges are financial institutions that enable users to exchange cryptocurrency for other cryptocurrencies and fiate currencies.
Exchanges can be liken to Banks, they are seen as engines of the cryptocurrency industry.
HIGHLIGHTS OF PROBLEMS TO BE SOLVED BY HDX.
👉Lack of good infrastructural framework capable of satisfying large customer base.
👉 Problems associated with hackers and internet fraudster due to poor security.
👉 HDX seeks to solve the problem of arbitrary Exchange parameters.
👉 problems associated with customer service.
👉 Lack of globalization.
👉 Excessive Transaction fee.
HOW HDX INTENDS TO SOLVE THE EXISTING PROBLEMS.
HDX seeks to leverage on blockchain advantageous features in offering a secure, transparent and reliable customers experience to their clients.
To solve the problems of low transaction capacity, HDX has put in place an onsite matching engine of up to 1,000,000 orders per second which is believed to be faster than most cryptocurrency Exchange in existence.
Over-the-counter peer-to-peer trading of fiate and cryptocurrency in a fluid and secure manner is another interesting feature put together by HDX Exchange. This feature ensures a secure and reliable negotiations between buyers and sellers with the use of smart contracts as escrow.
Another interesting thing about HDX solution is the intention to incorporate a dispute resolution framework that act as an adjudicator between conflicting parties, using a decentralized decision making process to resolve conflict fairly.
HDX also solve the problems of high transaction fee by offering a transaction free operations to investors who will invest in HDX ICO.
WHY SHOULD ANYONE INVEST IN HDX.
👉 Traders/users will have a discount, rebates is put in place in order to enhance profit.
👉 HDX intends to share 40% of future Exchange revenues exclusively with ICO investors on the basis of investors HDX shares.
👉 Introduction of a peer to peer feature enable buyers and sellers to quote their own price, thus trading without the intervention of third party. Bitcoin, Ethereum, Litecoin, Bitcoin cash and Ripple have been incorporated on the HDX website, these coins can be traded using fiate currency through various mode of payment from any country online.
👉 Users can become a loan provider and earn interest with their deposit.
👉Users of HDX wallets will be able to use the stored currency anywhere across the globe through the debit card or online bill payment.
HDX ICO
HDX is currently offering investors the opportunity to support her project/idea by means of purchasing the HDX token. The ICO period is expected to last from 20th April to 30th May, 2018.
HDX token will be transferable on Cryptopia Exchange from 10th June, 2018 while HDX Exchange is expected to go live on 26th June, 2018.
HDX ROADMAP
In conclusion, HDX looks amazing with exciting features which is believed to meet the needs of users.
The project is backed by a team of professionals that are working hard to deliver on the HDX mandate.
SOURCE/OFFICIAL LINKS.
website: http://www.hdxchange.io/
Ann thread: https://bitcointalk.org/index.php?topic=3286687.new#new
Telegram: https://t.me/hdxchange
Twitter: https://twitter.com/hdxchange
Written by Torps1: https://bitcointalk.org/index.php?action=profile