CRYPTONITY EXCHANGE: BRINGING A TRANSFORMATIVE CHANGE TO THE CRYPTOCURRENCY EXCHANGES

aaemma (35)in #ico • 6 years ago

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THE CURRENT CHALLENGES

Why cryptocurrency exchanges? In the crypto space, there are cryptocurrency exchanges which bridge the gap between investors and various cryptocurrencies. Cryptocurrency exchanges are very vital and important in the crypto space, this is because it makes trading of one cryptocurrency over another possible.
Ever since blockchain technology was created which leads to the development of cryptocurrencies, today there are varieties of cryptocurrencies holding unique solutions to certain challenges in the world today, as cryptocurrencies has found applications in various systems and platforms such as in Finance, Sports, Medical etc, and the only way to get them apart from ICO is through cryptocurrency exchanges.
Blockchain technology is the next big thing as it makes the world of cryptocurrencies possible and as such, in order to continue the growth of the crypto space all other sections or segments needs to be in good shape, thus there is need to tackle the issues in current exchanges.

Issues
In the cryptocurrency exchanges today, there are certain exchanges which think only about themselves and their benefits. Issues such as platform and security update aren't in their plan as their only concern is for low cap altcoins to accept their listing terms and that's it. Because of this, users are left to fend for themselves without having the impetus to contribute an iota to the development of the platform. When analyzed why users still trade with them it was realized, these exchanges list low cap altcoins.
The "big players" as they are most times called have tons of questions hovering around them, questions which shows indeed there is no transparency and as such users assets are always at risk. These questions are;
a. Where are they located?
b. Is the platform secured?
c. Is fiat supported? etc.
Owing to their nature, they are most times the target of hackers.
On the other hand, other issues are; no multi-language support, slow withdrawal, no customer service, no trading tools etc.

In order to solve these issues led to the creation of a cryptocurrency exchange known as CRYPTONITY.

WHAT CRYPTONITY EXCHANGE AIMS TO ACHIEVE

Cryptonity team is very much experienced and profoundly talented in cryptocurrency exchange related platforms, crypto trading and mining, thus they aim to present Cryptonity exchange as a unique solution to the issues in the current exchanges.
Cryptonity exchange aims to Introduce an entire level of trading background to its users, having the correct trading devices and features to prepare and protect traders sufficiently.
Cryptonity plans to get its members involved by giving them the opportunity to contribute to the platform development, thus this will make them trust Cryptonity with their assets.
Cryptonity team trust that one of the principle issues requiring critical consideration in cryptocurrency exchanges is the issue of inadequate security, in this manner planning to give its users a very secure and reliable cryptocurrency exchange.

In order to achieve its aims and objectives, Cryptonity plans to use the services of the best-known security experts in the crypto market; and as such, an audit will be completed two times every year by autonomous or independent security organizations with the outcome or results made accessible to its users (these security partners will be announced later via the website).
Also, Cryptonity plans to set up an insurance strategy which will be utilized to pay users in instances of hacking, by implementing this, Cryptonity will provide users with a comfortable trading platform.
Furthermore, Cryptonity will guarantee its users a comprehensive and ergonomic set of trading devices and in addition different language support.

In a bid to get its users involved in activities of the platform, Cryptonity will implement an exceptionally community intuitive segment, thus, users will turn out to be an integral part of the platform contributing on features to be added and so on. To guarantee a proficient information channel, Cryptonity will have different communication channels.
A successful implementation of all these will make Cryptonity stand out as a cooperative, secure, transparent and reliable cryptocurrency exchange platform in the crypto space.

CONCLUSION

Cryptonity means to be a cryptocurrency exchange with an exceptional distinction, furnishing users or members with the necessary instruments they require to trade easily while being guaranteed of assets insurance, sufficient customer care services and many more.
Within Cryptonity's exchange, there will be, fiat deposits and withdrawals, forks and airdrops, analysis and strategy tools, Proof-of-Stake Wallet, Staking, Masternodes, security tools and matching engine.

The token of the platform will be known as XNY which will be an ERC20 utility token dependent on Ethereum blockchain with a maximum supply of 100 million. Cryptonity is planning to launch their own blockchain in the near future.
XNY holders will be allowed a lifetime discount of 50% on Cryptonity Exchange charges, likewise, token holders can take an interest in casting a vote on the " Coin of the Month".