CHANGE NOW: THE LIMITLESS CRYPTOCURRENCY EXCHANGE

OVERVIEW

As there are different types of cryptocurrencies emerging daily, there have been needs for different exchanges opening up to meet peoples immediate needs for transactional purposes, this brought us to what a cryptocurrency exchange entails.
Cryptocurrency exchange, Crypto exchange or digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies. They can be market makers that typically take the bid-ask spreads as transaction commissions for their services or simply charge fees as a matching platform.
We are having two main types of cryptocurrency exchanges namely Centralized and Decentralized exchanges.

. CENTRALIZED EXCHANGE: In the term "centralized cryptocurrency exchange," the idea of centralization refers to the use of a middle man or third party to help conduct transactions. Buyers and sellers alike trust this middle man to handle their assets. This is common in a bank setup, where a customer trusts the bank to hold his or her money. The reason for this setup is that banks offer security and monitoring that an individual cannot accomplish on his or her own. In the case of a centralized cryptocurrency exchange, the same principle applies. Transactors trust not only that the exchange will safely complete their transactions for them, and they also make use of the network of users in the exchange in order to find trading partners.
Examples of centralized exchanges are Coinbase/Gdax, Kucoin, Binance, Bitfines, Upbit. Etc.

. DECENTRALIZED EXCHANGE: This is the exact opposite of centralized exchanges. A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed. Examples of a decentralized exchange are forkdelta, tokenjar, etherdelta, mercatox. Etc.

ABOUT CHANGENOW EXCHANGE

Changenow exchange is an online decentralized exchange that helps to eradicate the middleman effect on centralized exchanges. The exchange is designed in a flexible manner that's easily accessible, safe, convenient and simple for the targeted end users. The exchange makes it easier for trading activities with a very fast transaction timing, eradicated hidden changes whatsoever unlike other decentralized exchanges. Also there are different tokens being listed on Changenow exchange daily,which has also listed so many tokens in its exchange including the Alpha of cryptocurrency Bitcoin, and other tokens too such as Ethereum, Litecoin, Dogecoin. Etc.

PROBLEMS FACING CENTRALIZED EXCHANGES

1 Trust
“The root problem with conventional currency is all the trust that’s required to make it work.” – Satoshi Nakamoto. Satoshi never envisioned centralized exchanges. Bitcoin was developed to avoid third parties, such as banks and centralized exchanges, that require customers to trust them.

2 Personal Documents
Centralized exchanges often require personal information and proof of identity (IE: passport, selfie), in order to deposit or withdraw on their platform. A decentralized exchange does not require users to disclose their identity, trades are conducted anonymously.

3 Security of Centralized Exchanges
With a single point of entry, it means they are accessible to hackers through one server. If something goes wrong, as it has multiple times in the past with exchanges like Mt. Gox, you could end up losing all your money. Normally you will not have any kind of government protection when trading cryptocurrencies.

4 High Trading Fees
Many well-known crypto exchanges charge between 0.25% to 3% in fees, whereas a decentralized exchange mostly requires a small fixed fee, or in some cases – no fee.

Sometimes it takes harsh lessons to learn how to do things right, but nearly $15 billion (USD) worth of bitcoins have been stolen from centralized exchanges. The need for decentralized exchanges like Changenow exchange is more urgent than ever.

PROPOSED SOLUTION CHANGENOW EXCHANGE WILL EFFECT TO THE ABOVE STATED PROBLEMS

1. It Increases trust and security.
2. It requires zero KYC, but provide 100% privacy
3. No need to transact your funds to a third party wallet before initiating a cryptocurrency transaction
4. Here User control funds
5. No Hacks and no server downtime
6. The hosting is distributed through nodes so there will be no server downtime
7. No hidden charges whatsoever

CHANGENOW TOKEN (NOW)

NOW Token is a utility token built on the Ethereum Blockchain that will serve as an internal currency on ChangeNOW, making it an essential way to list other coins and token on the changeNow platform. As ChangeNOW grows extremely fast, the tokens will be in a great demand. As time goes on, NOW Tokens will be moved to EOS network after the launch of its mainnet providing 1:1 ratio for ERC20 token holders. ChangeNOW will provide a swap mechanism to exchange ERC20 tokens to EOS-based tokens.

TOKEN INFORMATION

Symbol: NOW
Full Name: ChangeNow Token
Type: ERC20
Total Supply: 200,000,000.00 NOW ( $40,000,000 USD)
Decimals: 8
Contract Address: 0xE9A95d175a5f4C9369f3b74222402eB1b837693b
Price : 1 NOW = $0.2 USD

TEAM

Roman Lapin: The CEO, has 12+ years of development experience on the edge with management skills. He has built 2 development companies from scratch. Has more than two years in experience in blockchain and cryptocurrencies. His background allows him to improve ChangeNOW service daily while building the most handy exchange interface ever.

Sergey Sokratilin: The Product Manage, Having a degree in physics, Sergey has some brilliant skills in product management. This outstanding mix allows Sergey to improve ChangeNOW on a daily basis. The team calls him simply Socrates.

Peter Sergeev: The Lead Developer, is a blockchain enthusiast, he has experience in software development for 10+ years using the variety of languages and technologies such as Ruby on Rails, Elixir and NodeJs. His Blockchain experience is: building Block Explorers, working with RPC protocols of multiple currencies, working multiple exchanges API and markets data (cryptocompare, coinmarketcap etc.).

Denis Kulikov: The Full Stack Developer, with 3+ years of experience in the blockchain industry. His Blockchain experience is: building Block Explorers, working with RPC protocols of multiple currencies, built web light wallet, working multiple exchanges API and markets data (cryptocompare, coinmarketcap etc.). He is also keen of photography, which allows him to approach the daily tasks with a creative twist.

ROADMAP

For more information and Participation visit

Website : https://changenow.io

Facebook : https://www.facebook.com/ChangeNOW.io/

Twitter : https://twitter.com/ChangeNOW_io

Telegram : https://t.me/NOWtoken_Bounty

Whitepaper : https://changenow.io/tokens?utm_source=BountyANN

Medium : https://medium.com/@changenow_io

Reddit : https://www.reddit.com/user/ChangeNow_io

Article Written by Ogungbayi Busayo

Bitcointalk username: topiskybaba

Bitcointalk URL:

https://bitcointalk.org/index.php?action=profile;u=2295461

Ethereum Address: 0xA8eA20A8372e97EAE3b333F1063676a4412f7F04