Hello friends…!!! I thank you for the willingness to visit my steemit site. Here I will discuss the blockchain project called COINOLIX, so I will further explain what COINOLIX is
What is COINOLIX ?....
COINOLIX is a multifunctional cryptocurrency exchange platform with a powerful ecosystem and decentralized blockchain protocol by providing various crypto currencies specifically ERC20 tokens.Coinolix exchange follows best practice by keeping most of the assets in cold storage, which is not on a web server or other computer to secure user funds in an exchange wallet so that members are not worried about their assets.
And at the moment there are two types of exchange systems that are already running, which are based on fiat currency exchange and pure cryptocurrency-based exchanges. Coinolix will only focus on pure cryptocurrency exchange. Currency exchange of pure cryptocurrency with world-class trading facilities in exchange for Coinoix, where Token holders can use CLX tokens to pay for almost all types of fees including trading fees, withdrawal fees, registration fees.
The Coinolix exchange platform aims to provide users with a fast and safe way to trade their erc20 tokens. Because of this, Coinolix will design the trading framework architecture from the earliest stages with its main priority being security, effectiveness, speed, and adaptability as pure cryptocurrency exchanges. , Coinolix will also provide cross-platform Device Coverage :
Browser-based trading platform
Android application platform
iOS application platform
PC trading platform (Windows, mac, linux)
REST API
Coinolix feature
Matching Engine
High number of trade requests can be countered with the adaptable and extensible engine in a matter of moments.
User interface
We will provide cross-platform Device Coverage on all browser-based trading platform, Android and IOS device platform, PC (Windows, mac, linux) trading platform, REST API.
Features
Exchange services indcludes Spot market trading, Margin trading, Futures market trades.
Tradable Assets
Coinolix exchange will support trading pairs in BTC, ETH, XRP, LTC, DASH, NEO (ANS), CNC (Coinolix Coin), USDC (USD pegged Coinolix coin)
24/7 Customer support
support and responsibilities to be distributed within our staff and company in such a way that customer specific problem can be solved by the designated officer for that particular problem.
Security
DDoS attacks protection Exchange audit Two-factor authentication Encryption and Backup
Current Market Players
Binance
Binance has daily Trading volume 225 billion USD approx. it is not regulated and non of the company info on the website. Exchange stopped taking signups in January 2018 due to scaling issues in the website and went down for more than 24 hour in February month.
Bittrex
Bittrex has daily trading volume of 500 million USD approx. it is regulated by New York bitcoin licence and registered in USA. Bittrex has also slow customer response and pending tickets scenarios. Bittrex stop taking new customer application from December 2017.
Poloniex
Poloniex has daily trading volume of 140 million USD approx. it is registered and regulated in Boston, MA , USA. This exchange provides exchange, margin, and lending facilities to users and margin trading sometimes end up in over trading and forced liquidation, when all or part of your positions are closed.This exchange has also a reputation of slow customer response
Bitfinex
Bitfinex has daily trading volume of 180 billion USD approx. it is registered and non-regulated exchange based in Hong kong. Bitfinex is also a hack victim in 2016 resulting 75 million loss of fund of its users and currently under
investigation by USA government.
Problem
Architecture
Trade frameworks should be designed starting from the earliest stage with security, effectiveness, speed, and adaptability as a main priority. Numerous exchanges frequently pick the easiest way to deal with get the framework up and running. While this may function admirably to start with, as activity develops, the framework won't ready to deal with the expanded network load.This frequently backs off the underlying advancement of exchange, yet it is basic for long haul achievement.
Liquidity
Since the crypto business is so new, it isn't precisely coming in liquidity. Having a unsound order-book implies high slippage when trading cryptocurrency, which is exceptionally costly for traders.
Platform security
Almost all cryptocurrency is immutable and there is no way to change once transaction is made because of this exchanges refuse to take responsibility for transactions.There are several exchanges that went down due to being
hacked.
There are propelled advancements that exchanges would profit by with respect to recognising endeavoured hack.Nonetheless, these advancements are expensive to the point that exchanges have no chance to get of gaining
admittance to them, meaning they are liable to almost any programmer with enough know-how to get around their security frameworks.
Poor customer support
Traders are a different breed when it comes to users. Understanding the users problem is vital for running a successful exchange.At the point when the exchange demonstrations in a way that undermines trust of trader would be unacceptable, resulting in a tones of user complaints.
Language support
Cryptocurrency market have no borders, Most of the exchanges concentrate just on one dialect or one nation and this result in poor support for this international market.
Banking hurdles
Banks are additionally obstructing boundless trade selection of the exchanges, due to extreme volatile condition of cryptocurrency market. Banks put them self in back foot when it comes to verification and users background checks.
CLX Token Detail
CLX Token is an ERC20 standard token from the Ethereum Blockchain. This multipurpose token that can be used as a medium of exchange as well as for paying transaction fees, trading fee, withdrawal fee, listing fees on Coinolix Exchange.
Coinolix Token
Pre-sale Detail
Pre-sale
ICO crowdsale Detail
Crowdsale
Token distribution
Token distribution
Fund usage Detail
Fund Usage
Roadmap
March 2017 : Cryptocurrency exchange technical and market research begins for next generation centralized and decentralized exchange development.
Aug 2017 : Cryptocurrency trade engine finalized and review face begin for security audit and UI development of exchange.
Jan 2018 : Gathering of highly skilled development team for building exchange and finalizing blockchain technology for Fiat coin altogether.
March 2018 : Market research and analysis for Planning Initial Coin offering. Finalizing
Aug 2018 :
Private sale start 8 Aug 2018.
Starting of Airdrop and white listing and KYC registration for crowdsale.
Starting of Airdrop and white listing and KYC registration for crowdsale.
Sep 2018 : Fiat coin blockchain development and consensus development audit.
8 Oct 2018 : ICo Pre-sale Phase begins for two week on 8 Oct 2018 ending on 7 Nov 2018.
8 Nov 2018 : Beginning of ICO crowdsale on 8 Nov 2018 which ends on 13 Dec 2018.
Jan 2019 : Full version of the exchange online.
Q1 2019 :
Announcement of tie-ups with third party trustee for gold reserve and liquid reserve audit.
Wallet and Merchant Detail release.
Official partnership announcement of online merchant for fiat exchange.
Q2 2019 :
Expansion of payment solution and Gatways all continents.
Expand Exchange Marketing and Scalibility of trading engine of Coinolix Exchange.
Q2 2019 : Beta version of the Decentralized exchange online for testing.
Q4 2019 : Full version of Decentralized exchange release.
FOR MORE INFORMATION YOU CAN VISIT SOME OF THE FOLLOWING LINK :
Website : https://coinolix.com/
Whitepaper : https://coinolix.com/document/coinolix-whitepaper.pdf
Facebook : https://www.facebook.com/coinolix/
Twitter : https://twitter.com/coinolix
Telegram : https://t.me/coinolix
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1246952
Eth Address : 0x25301592D754301cCb878707Be589a8D7c820FA8