INTRODUCTION
Introduction and development of cryptocurrencies continue to raise on global scale, with more than one thousand five hundred cryptocurrencies presently going round in the market. The sharp increase in crypto asset ownership and opportunities for investors has led to an astounding surge in market value, with thejanuary market cap reaching US$700 billion, it was also witnessed similarly unprecedented growth in cryptocurrency liquidity with the average daily trading volume surpassing US$50 billion, putting activity nearly on par with volumes seen on New york stock exchange and despite this growth, the global cryptocurrency market remains in its infancy in comparison to its online counterpart, FX trading, where daily trading volume ia at US$5 trillion or around 1oox higher. The demand for cryptocurrencies and their usage continues to saor in parallel to the emergence of innovative, industry-disruptive cost effecient platforms and technologies in various markets throughout the world.
ABOUT IRONX
The ironX is an exchange system that look forward to foster a community of users and traders supported by a specilised team of customers service represntatives. Users will interact on an advanced site that has been designed to deliver specialized customer service in parallel to its regular platform use, by creating an optimal exchange with ease of operation for new and experience traders. Users will include a myraid of client-oriented features such as hotline supported and live chat options, with multilingual support in over thirty languages to a unique straightforward trading software.
SOME OF THE PROBLEMS IN THE MARKET
- Online security: Possibly the most costly and demanding risk to exchange operators and users alike is network security with billions of dollars lost and many exchanges toppled, hacking and other cyber attacks remain at the forefront of concerns for crypto exchanges, at a result, security and data protection occupies an elevated position of importance to users, a concern which may not be appropraitely addressed by inexperienced or under-equipped exchanges without access to kore advanced means of platform security.
2.Fiat funding: Another issue for exchange users involves the use of FIAT currency for purchasing crypto. The vast majority of popular exchanges do not allow users to buy cryptocurrency with FIAT money, making an initial entrance into the crypto market more challenging for newcomers in the market. Those exchanges that do allow FIAT currency for buying coin they offer limited selection of available coins.
- Technical architecture and transactional experience: During the trading process transactions must occur with substantial speed to mitigate the risk of significant price changes. Suboptimal platform systems pose a serious impediment to exchange operations, where delays in trade execution, deposites and withdrawal, and general transactions can result in costly slippages and lenghthy process wait-times. Depending on the particular exchange, a method of funding ( via bank or e-wallet) and the specific cryptocurrency liquidity, transaction times can be differnt in anywhere from thirty minutes to several days.
SOLUTION TO THE ABOVE PROBLEMS
The ironX exchange look forward to ensure a safe and easy transition from the mass retail market into the cyrpto market. Leveraging on its existing regulatory and operational practices, processses, solutions and real operating company functions, including the back-office, risk management, account management, payment and banking solutions, the ironX exchange stands to offer a customer centric and quality focused service.
SOME OF THE KEY FEATURES OF IRONX
- The ironX gives the following system features listed below:
- Easy fiat to crypto purchasing capability
- Error detection codes on all records
- HFT capablesystem
- High-grade security and data protection
- Quick failover support
- Seamless fail-safe modes
- Always active dynamic database
BENEFITS THAT CAN BE DERIVED FROM THE IRONX EXCHANGE
Supported order types including market, limit and stop
Access to multiple different cryptocurrencies
Run reports
The ability to place, edit and cancel limit orders into the order book via API
Fixed transaction fees
THE IRONX TOKEN SALE
Price per token $0.42
Public sale distribution 01.11.2018-15.01.2019
Token sold during private sale 67,691,787
Hard cap $50,000,000
Token purchase option BTC,ETH, wire
Total amount of tokens for sale 150,000,000
Minimum investment $100
Public sale token supply 82,308,213
These bonuses are based on the following percentages such as:
$1,000,000 30%
$50,000 5%
$500,000 20%
$250,000 15%
$150,000 10%
TOKEN DISTRIBUTION
10% Liquidity
15% Management team
17% Company
40% Sale ane early contributors
8% Community
10% Advisors and partners
CONCLUSION
The ironX plans to address the aforementioned crypto market challenges by using a market leading technology platform consisting a multitude of high grade features as well as aiming to provide a highly secured interconnectivity between exchanges and thirdparty institutions.The ironX exchange look forward to make use of its platform token. As the main coin backing the system usage, users will have the freedom to choose between paying trading fees in the currency of its transaction or paying in ironX tokens.
Useful Links
Website: https://ironx.io/
Twitter: https://twitter.com/IronXExchange
Facebook: https://www.facebook.com/IronX-165411397629420/
Telegram: https://t.me/IronX_exchange
Reddit: https://www.reddit.com/r/IronX_Exchange/
Whitepaper: https://ironx.io/IronX_WP_Version_1.2.pdf
BTT thread: https://bitcointalk.org/index.php?topic=5059654
Author Details
Bitcointalk username: kingairdrop
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1862137