The year 2009 introduces us to the world crypyocurrency with Bitcoin as the first of it, and ever since then there have always been an evolution of it as new tokens continue to be created every single day which raises an important question that most persons always ponder about which is will blockchain one day become the main means for carrying out transactions or transferring values? Currently cryptocurrency trading is a 24/7 marketplace that bring together buyers and sellers of different currencies with an unprecedented growth rate as never before in history, just in mid2018 alone there are over 500 cryptocurrency exchanges located in different part of the world raising a capital of over $12billion with new initial coin offerings which more than triple the entire valuation of ICOs in 2017. This clearly brings to mind that more people are interested in the initial coin offering and are ready to trade with cryptocurrencies. Yet there are some key issues that pose a problem to these exchanges which includes liquidity where the price of cryptocurrency fluctuates and traders will have to wait until another investor comes in to the market because the trading volume hasn’t reached a certain point for buyers and sellers to start ordering, also the problem of security continue to scare traders as was reported that since 2014 an estimate of more than 980,000 Bitcoins have been lost to different form of digital thievery most likely because of the centralized exchange system that most blockchain currency adopt and many more like lack of features and coin selection limitation. This is what ABHISHEK SINGH who has over 18 years of experience leading large teams in datacenter and system management project has noticed and is working very hard together with an experience team to bring a permanent solution. And with the introduction of XERA by this tireless team as a solution to the nightmare of traders and investors alike we are sure of a better trading experience with one of the best trading platform for any trader.
ABOUT XERA
One thing that is worth noting about XERA is that only currencies that have been carefully assessed is what will be traded with on the XERA platform which includes Bitcoin (BTC) Ethereum (ETH)) and XERA coin. There are also other interesting features that make XERA unique like the price alert that will notify a user when the price of cryptocurrency have gotten to the level he has been monitoring, also the basic interface which is for beginners so that they can easily navigate the platform and the advance interface which is for those who are very conversant with the blockchain platform with the beauty of using either your laptop or mobile device since the platform is created to work across all devices and apps. There is also going to be an automated tutorial section that is going to aid new traders to learn how to go about trading in the simplest manner possible with a profit and loss updates for traders across different time frames of 24 hours, 7 days and 30 days.
The XERA blockchain will correspond to the know your customer (KYC) and the anti-money laundering protocol yet to insure that a single company or individual do not control of the network and increase the privacy of users while removing the third party arrangement which yields to increase in fees the XERA network is adopting the decentralized exchange system. This will be of great benefit to traders and investors of the network as it will decrease the likelihood of market manipulation and the stealing of the identities and funs of users by the central authority that holds the traders assets.
The mobile device network page consist of four pages which are
- Registration page
- Transaction page
- Query page
- Application management page
The service layer also consist of four different layers which are - Analytics
- Order pool
- Smart contract
- Matching engine
The Matching Engine is the layer in the network system that matches trade between the buyer and the seller once a user’s private key is decrypted. When the order of the matched trade is being executed the data is sent immediately to the blockchain layer for recording purpose.
The Smart Pool: immediately an order starts the data of the user is encrypted and sent to an order pool. The order pool log is then transferred to the off-chain data storage system. The user can then release his private key to the order pool for decryption.
The Smart Contract Layer: XERA offers smart contract to its users that will provide the scripted logic for different types of order.
Analytics: there will surely be a high volume of order on the XERA platform but to avoid congestion an off-chain database layer is being created. Implementing this inter planetary file system (IPFS) will allow higher throughput as only a hash reference to the data is sent to the blockchain layer.
It is also worth knowing that the Blockchain layer will only record transaction data that is already completed.
TOKEN AND FUND DISTRIBUTION
Out of the 95,000,000 tokens that will be supplied by the XERA blockchain only 70% of it that is a total of 66,500,000 tokens will be given out during the initial coin offering while 30% which is a total of 28,500,000 will be held in a reserve for future use for internal purpose. Also there is a 0.1% exchange fee on the XERA platform but if the trading involves just pairing of XERA then it will be a fee of 0.05%, withdrawal fees and listing fees will be disclosed later but the fees for withdrawal varies for different coins. The price for XERA token is 0.50 dollar with a locking period until the end of the first quarter of 2019 with a minimum investment of 0.1ETH during the ICO. The funds generated from sales during the initial coin offering will be properly utilized with 30% of it going into product development and 20% invested in security. Another 20% will be for legal, compliance and regulatory, 15% will be for sales and marketing while 10% will be for office establishment and the final 5% will be kept for miscellaneous.
CONCLUSION
The introduction of XERA Blockchain into the world of cryptocurrency is really breathtaking as the benefit is really tremendous. We are inviting ICO investors to carefully read through this article and see reasons why they should be part of the XERA blockchain ecosystem with a reduced trading exchange fee of up to 50%. Also to increase the demand of the XERA coin, at the end of each quarter XERA will buy back XERA coin amounting to 20% of the profit raised from the quarterly trade and destroy these coins. This will be of great gain to investors who will make huge profits as the value of the coin appreciates due to very high demand. Fortunately the XERA token sale is still on now and will last until November 27, 2018. Invest now with XERA and reap the benefits that come along with it.
For more information visit links below
Website: https://xera.tech/
Whitepeper: https://www.xera.tech/wp-content/uploads/2018/08/Xera_Whitepaper_v1.0-1.pdf
Facebook: https://www.facebook.com/xerablockchain/
Twitter: https://twitter.com/xeratech
Telegram: https://t.me/xeraexchange
Published by Cryptowin1
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