Crypto Rave Like Wildfire
Cryptocurrencies are one of the hottest buzzwords around, especially in the parlance of technology geeks and wizards. When Satoshi developed Bitcoin and its underlying technology - blockchain in 2008, it was aimed at challenging and attenuating the overbearing influence of the government and the few rich bags on the distribution of wealth. Eleven years down the line, there are over two thousand digital currencies in the market. The major function of these virtual digital currencies is to serve as alternative means of payment for goods and services at a ridiculously low transaction fee. Today cryptocurrencies have evolved into several forms such as utility tokens, which are meant for use to access platform products and services; security tokens, which are investment instruments that yield dividends, and a host of other forms.
Exchanges Are Imperative But Existing Ones are Inherently Limited
Whatever the forms of the cryptocurrencies, they are traded or exchanged for other tokens on marketplaces called exchanges. Crypto exchanges help to provide liquidity for various tokens by bringing traders and investors together on one platform for the purpose of transaction. These exchanges may be centralized or decentralized. Despite the avalanche of crypto exchanges in the space, the needs of users are still largely left unmet. Centralized exchanges do not give users access to their private keys and digital assets, response to customer complaints are often delayed, relatively high transaction charges, and lack of community rights over exchange decisions are some of the demerits of this category of exchange. Decentralized exchanges on the other hand cannot match large amount of orders and most times, transactions take long to execute.
Introducing CoinCasso Innovative Solution
CoinCasso, having analyzed these lapses, has come up with an innovative solution that combines the merits of centralized and decentralized exchanges while eliminating their setbacks. CoinCasso is a multilayered hybrid exchange platform that aims to bring massive development to cryptocurrency exchange industry by prioritizing and empowering its users to contribute to the development of the ecosystem. The CoinCasso project is multifaceted, with a suite of products in the offing including hybrid exchange, ATM/POS, quick exchange, and Pay Wallet mobile app. Apart from the revenue generated from exchange through transaction charges, these other products will drive additional profits.
The Uniqueness of CoinCasso Exchange
There are several factors that distinguish CoinCasso from existing exchanges and platforms. First is true democratization of the project development. The CoinCasso project identifies with its community and empowers them to make vital decisions pertaining to the exchange operations such as listing of coins, provision and implementation of new ideas on the platform, and development of the exchange. Users will be able to decide on which tokens they want to see listed on the exchange. The benefit of this is that CoinCasso Exchange will only list community-backed tokens because of their tendency to have high liquidity as they represent digital assets which users are willing to trade and put their money into. This is different from what obtains from existing centralized exchanges where only the founders and a few powerful investors decide the direction of the project.
Second, CoinCasso will be distributing majority of its profits, up to eighty percent, to its users and token holders. This exemplifies true wealth distribution, where the real project community - exchange token buyers, users and holders, are rewarded in commensurate proportions to their activities. This is one of the original ideals of Bitcoin and blockchain, where miners are rewarded for their activities in the network, and it stil persists today.
Also, the CCX token which is the CoinCasso exchange token, exceeds the functions obtainable with other exchange tokens. The CCX token itself confers power on its holders and users, enabling them to have a say in the affairs of the project and also share in the profits made. Asides from these functions, a fractional parts of other tokens that often remain from trades can be exchanged for CCX tokens. Only very few exchanges offer this possibility.
Lastly, the CoinCasso project has positioned itself to transform the world by driving blockchain awareness and adoption through its suites of blockchain-based products such as ATM, POS terminals, payment gateway for large retail businesses and e-commerce companies, and future development such as Blockchain Academy, ICO/STO launchpad, and foundation for blockchain developers. The implication of this is the emergence of a large population of crypto-aware societies around the world.
Final Thoughts
The CoinCasso Exchange is set to redefine and elevate the operations and governance of exchanges by merging the best of centralized and decentralized exchanges with the needs of users who are the main supporters of the industry.
WEBSITE: https://coincasso.io/
TWITTER: https://twitter.com/CoinCasso
WHITEPAPER: https://coincasso.io/ENGLISH_CoinCasso_official_PLV1.pdf?v1.1
Author's Bounty0x username: Mexite