Virtual currency is gradually becoming a part of human life. Today it is used in some new services, as well as in trading. However, the most popular area is trading cryptocurrencies on exchanges, as it allows you to get the maximum possible income in a relatively short period of time.
However, today, the work of most crypto-currency exchanges is aimed at maximizing profits for developers, and not at the development of the crypto-currency economy as a whole. As of today, the main problems of all trading platforms that trade virtual currencies are:
- the lack of regulation for the protection of traders and the exchanges;
- the low level of security of exchanges, which makes them the main target of cybercriminals;
- sophisticated user interface repelling novice virtual currency traders;
- low level of liquidity;
- poor customer support providing answers to important questions during the week;
- lack of multi-language support;
- low bandwidth;
- large Commission fees.
The solution to all the above problems will be a modern exchange for the smooth exchange of virtual currencies and trade called Finafex.
Project objective
The main task of the creators of the platform Finafex is to develop a fully transparent and regulated platform for trading virtual currencies, able to solve all the problems of modern exchanges and attract millions of new users for secure exchange.
Principle of operation
The Finafex platform is a service for cryptocurrency exchange, which has a variety of banking licenses, acting in accordance with the requirements of the laws on combating the financing of terrorism and money laundering, as well as providing a number of financial services.
Platform members will work with it using a custom user interface. It can contain both clear features needed by beginners and more advanced tools suitable for professional traders. The basic interface for beginners will include the following options:
- buying and selling;
- current events;
- new currency;
- account details;
- resource materials.
In addition, the Finafex platform will have a number of other functional elements:
- financial transfer service is presented in the form of a standalone module using Blockchain technology for fast transfers of Fiat funds with a minimum fee;
- the FINAFEXWallet e-wallet will allow you to store Fiat received from different sources, including Bank transfers and conversion of cryptocurrency into Fiat funds;
- internal exchanger Fiat to Crypto to Fiat, will allow the conversion of cryptocurrencies into Fiat funds and back;
- transaction Manager is represented as a system that manages the operations of buying or selling virtual currency based on user input;
- The Secure Enclave is presented in the form of protected areas in the platform for communication and collaboration with other exchanges, implying the preservation of private keys within Finafex;
- FINAFEX Private Blockchain is presented in the form of an audit trail for transactions that occur within the platform;
- FINAFEX Public Blockchain is a public Ledger recording all transactions using internal token FNX;
- Transaction Abstraction Layer – system, providing additional security and identity protection while using Hot cryptocurrency wallets;
- Exchange API - a service that provides secure interaction with other exchanges when performing purchase/sale operations;
- FINATRADE Trade Settlement Engine is a trading settlement mechanism for Fiat and cryptographic systems using smart contracts;
- Manager wallet escrow retains the Deposit for the trade before the transfer of the funds assigned to the party;
- trust Fiat account.
The main currency of the platform will be FNX tokens, which will be charged to exchange participants as transaction fees. It will be possible to buy these coins during the ICO.
Dates and details of the ICO
The developers intend to sell 300 million coins at a price of $ 0.1 per FNX. Public sale will be carried out in the period from 15 January to 15 February 2019, the year.
Softcap project - $ 5 million, hardcap - $ 30 million.
The distribution of tokens and funds is as follows:
Conclusion
The creation of a cryptocurrency exchange with the functions of an exchanger that provides security and reliability of operations, as well as ease of use is a very important project for the development of the virtual currency sector. Due to these qualities, Finafex can attract both novice traders who need a simple and user-friendly interface, and experienced traders who want to find a secure platform.
Investors should carefully look at investing in this project, as the success of Finafex can bring them considerable profit.
Official resources of the FinaFex project:
