Coinolix - Crypto Currency Exchange

3.jpg
At Coinolix is ​​developing the first multifunctional cryptocurrency exchange ecosystem by combining powerful exchange platforms and decentralized blockchain protocols where digital tokens are pegged to One US Dollar and supported by reserve assets such as gold by Coinolix Exchange Limited to provide decentralized value exchange methods through Fiat pegged coins Coinamia. 
Pure cryptocurrency currency exchange - Coinolix Exchange Limited
On the market today there are two types of exchanges, fiat currency exchanges and pure cryptocurrency-based exchanges. It will only focus on exchanging pure cryptocurrency. 
A pegged cryptocurrency fiat solution - Coinamia Fiat Coin (USDC) A peer-to-peer crypto-currency currency design derived from Proof of of stake consensus to provide network security. Each unit of USDC coins issued in circulation is supported in one to one ratio (ie One USDC is one US dollar) by suitable asset reserves stored in the bank by Coinolix Limited. This cryptocurrency can be exchanged or exchanged with the underlying asset reserves following the provisions of Coinolix Exchange Limited services. it will be transferable and spent, just like some other cryptocurrency. 

Architecture

The trade framework must be designed starting from the earliest stages with security, effectiveness, speed and adaptability as top priority. 
Many exchanges often choose the easiest way to handle to get the framework and running. Although this can work wonderfully to get started with, when activities develop, the framework will not be ready to handle the expanded network load. This often supports the progress of exchange, but this is the basis for long-term achievement.

Liquidity

Because crypto business is very new, it's not right in liquidity. Having a bad order book implies high slippage when trading cryptocurrency, which is very expensive for traders.

Platform security

Almost all cryptocurrency cannot be changed and there is no way to change after the transaction is made because this exchange refuses to be responsible for the transaction. There are several exchanges that go down because they were hacked. 
There is an exchange-driven progress that will benefit by respecting the acknowledged hack. However, this progress is expensive to the point that exchanges do not have the opportunity to get into them, which means they are responsible for almost all programmers with sufficient knowledge. how to overcome their security framework.

Poor customer support

Traders are different types of users. Understanding user problems is very important for running successful exchanges. At the point when the exchange demonstration in a way that undermines the merchant's trust will be unacceptable, resulting in a tone of user complaints.

Language support

The Cryptocurrency market has no limits, Most exchanges concentrate only on one dialect or one country and this results in poor support for this international market.

Banking barriers

The bank also hampered the selection of unlimited trades from the exchange, because the cryptocurrency market conditions were very volatile. The bank places itself behind the foot when it comes to verification and background checks of users.

Coinolix Exchange

Trading Machine

The Coinolix Exchange matching engine is suitable for managing 1,200,000 orders per second. The high number of trade requests can be balanced with machines that can adapt and expand in a few moments. Along these lines, suitable machines can stand alone with one of the fastest and safest machines available on the market today. So, traders can be saved from basic problems such as bad trade requests or tedious handling of trade. 

Features:

● Spot market trading ●  
Margin  
trading ● Futures market trading

Tradable Assets:

Coinolix exchange will support trading pairs in the following coins. 
● BTC  
● ETH  
● XRP  
● NEO (ANS)  
● LTC  
● DASH  
● CLX (Coinolix Coin)  
● USDC (USD parses Coinolix coins) 
In general, it will only include coins that have strong validity, client base, and liquidity. Do not have a plan to add any monetary standards at all. Further coins will be included in the near future. 

User interface (UI):

On the Exchange Coinolix Will provide cross-platform Device Coverage:  
● browser-based trading platform ●  
Android  
application platform ● iOS application platform ● 
PC trading  platform  (Windows, mac, linux)  
● REST API 

Language support

Will support English, Chinese, Russian, Japanese and Korean on all user interfaces. (Initial releases will only be in English and Russian only.) More languages ​​will be added over time.

Source of income

Trading costs: First, you will charge 0.2% for every exchange that is settled. Varieties different from costs will be along these lines which are presented in the future, including market makers, volume-based discounts and 0 cost promotions. Withdrawal fees: charge a small fee at the time of withdrawal. Margin Fee: If there is an opportunity that you exchange by margin, there may be a fee or interest on the acquisition cost. Listing costs: Will select coins through the verification process and ensure that the assets that will be listed on the exchange are unique and can create value in the future, may charge for a new coin listing on the exchange.

24/7 Customer Support:

Instead of giving customers pre-designed scripts, they prefer to share support and responsibilities to be distributed within staff and companies in such a way that customer-specific issues can be resolved by the designated officer for that particular problem.

Security:

DDoS attack protection: Because cryptocurrency exchange exchanges with high traffic are regularly prone to DDoS attacks. Use a secure distributed network of CDN servers (content delivery networks) which successfully takes a lot of database requests at certain times to maintain online exchange services 24/7.
Audit exchanges: A dedicated Vulnerability Research Team will oversee the implementation of the platform day by day to safeguard any possible irregularities. It will also consider additional security efforts when the market starts to develop in the future.
Encryption and Backup: Will use complex encryption strategies and reinforce information every day to ensure all user data is safe. This approach moves down by a decentralized foundation will allow us to secure client information even in direct results that can be imagined from hypothetical hacking attacks.
Two-factor authentication: by applying two-factor authentication in the user name and password to secure users from phishing sites and email vulnerabilities.

CLX Token Details

CLX Tokens are ERC20 standard tokens from the Ethereum Blockchain. This multipurpose token can be used as a medium of exchange and to pay transaction fees, trading fees, withdrawal fees, listing fees on Coinolix Exchange. 

Pre-sale details

Details of ICO crowdsale

Token Distribution

Details of using funds

Buy Back & Burn Program

• Every quarter, use 20% of the profits of the Coinolix exchange to buy back the CLX coins sold during the ICO and burn them. 
• The CLX coin repurchase program will continue up to 60% of all CLX coins issued by the public are burned. 
• CLX coin program Buy Back & Burn starts in Q3 2019. 

Roadmap

March 2017

The technical research and cryptocurrency exchange market began for the development of the next generation of centralized and decentralized exchanges.

August 2017

The Cryptocurrency trading engine is completed and reviews the start face for security audits and development of UI exchanges.

January 2018

Gathering highly skilled development teams to build exchanges and complete blockchain technology for Fiat coins altogether.

March 2018

Market research and analysis for Initial Coin Planning that offers Finalization.

July 2018

Starting from Airdrop and white list and KYC registration for crowdsale.

August 2018

Development of the Fiat coin blockchain and consensus development audit.

October 2018

The ICO Pre-Sales Phase starts for Fifteen days from 8 October 2018 to 7 November 2018.

November 2018

The beginning of the ICO crowdsale is from 8 November 2018 to 13 December 2018.

January 2019

Beta version of online exchange.

Q1 2019

Announcement of relations with third party trustees for gold reserves and audit of liquid reserves.

Komentar

Posting Komentar

Postingan populer dari blog ini

Bitfxt - Blockchain based project

Gambar
Get to know one of the few companies that have implemented a fully functional project: BitFXT  https://bxtcoin.io/.  It is no secret that current changes create many problems for users.  Exchanges, poor customer service, usually the ability to communicate with single language technical support, low market liquidity and insignificant technical architecture, traders meet these problems on a daily basis.  With the emergence of BitFXT, all these problems have been eliminated.  BitFXT created the largest exchange rate in Africa and quickly simplified traders' hearts by conquering simplicity and stability. In our opinion, there are basically two types of exchanges: those who are interested in the currency-based currencies;  and only those who are interested in encryption.  By giving more importance to encryption, we are creating a hybrid of the two.  Even if they are small, we believe that encrypted network changes will be much more than Fiat-based...
Baca selengkapnya

Atomic wallet – A splendid record blockchain storage including fraud projection

Gambar
 Hello My name is Iwan, Author by:  thomas_sugiarto https://bitcointalk.org/index.php?action=profile;u=1350842 This characteristic likewise will make it near unattainable for an undesirable actor to put inaccurate data or adjustment the history in Atomic Wallet Blockchain. In the circumstance of various sacrificed nodes,  ATOMIC SWAPS WALLET  Blockchain even now sustains its uncomplicated reliability properties, safeguarding info. Atomic Wallet Blockchain will change instantly with the addition of every latest wedge. 10 Atomic Wallet will get influential and unsuccessful trades into sections; the total engine block is customarily approved atomically. Each job can be done independently from the Atomic Wallet Blockchain. Atomic Wallet Blockchain will be used merely to store historical data. As every stop comes with the hash of the prior engine block, it usually is painful to transformation one stop without the ideal changes to each of the following ch...
Baca selengkapnya

UDAP - Disrupting The blockchain Industries

Gambar
UDAP is an asset-based blockchain convention that can fundamentally decrease the expense of making asset arranged applications, both amid improvement and at runtime. For application designers and to make applications dependent on an amazing blockchain without composing any keen contracts, Asset Wallet was made. The administration helps applications rapidly tag in-diversion assets, for example, tickets, IP rights, testaments, and amusement assets. It likewise causes the application to make monetary forms in the application. Join me as we watch the video attahed here Conventional ERP frameworks have built up their benefit models dependent on brought together capacity and processing. A benefit display is a reflection of advantages made from their guarantors that oversees quality administration frameworks, activities, and resource security. Not at all like customary FKZ, the UDAP resource demonstrate centers around institutionalization, interoperability, security, secrecy a...
Baca selengkapnya