Review Of Tozex Platform

wingleness (33)in #tozex • 4 years ago (edited)

Since the adoption of blockchain technology, many projects seek to offer various services in order to stand firm and be at the top of their game. TOZEX isn't an exception of such projects.

The first decentralized, cryptocurrency financing blockchain platform that isn't a custodial of any cryptocurrency yet offering crowdfunding to all crytpo-enthusiastic is what TOZEX stands for. Security as well as legality of all transactions in form of investment between investors and companies, conducted on the platform is the sole concern of TOZEX. To achieve this, security on TOZEX platform is top-notch such that multi-level authentications must be passed before any user can access his/her account. These multi-level authentications includes: login password, 2FA authentication or One-Time Password (at every logins), as well as Wallet Signature Access, which without it, users wallet can never be accessible.

FEATURES OF TOZEX PLATFORM

Tozex has developed am efficient model for users to raise funds and primary among them is the token-based fundraising strategy, this decision is premised on the fact that various projects comes with diverse specification and need value. Perhaps that also is the reason why they advocate that people in enterprise make the choice of the most suitable to achieve funding via ICO, STO, and Believers-Rewards-Offerings with each having its unique value.

Tozex Reserve: To ensure advancement of the Tozex platform, TOZEX secured a set of multi-signature smart contract attributed to each assets listed on TOZEX platform.
Security Token Offering (STO): These are crypto-assets in the form of stock or bonds due to their similar characteristics as financial instruments. STO initiates a contract and permit financial rights to investors to tokenize assets as well as securities of the organization, which on the long run will give good network effects on the community at large.
Smart Contracts: On the TOZEX platform, her smart contract has scalable functionality, which permits users executes crowdfunding of their choice without any technicality during implementation. All form of security features is implemented on TOZEX smart contract, which allow users to execute trades on the platform at ease.
TokenPad: The module of TOZEX TokenPad is decentralized with an auto issuance of tokens. By auto issuance, it implies that:
a. Users can individually generate their token and on any blockchain of their choice, be it Ethereum, RSK, Ethereum Classic or Credits.
b. With the help of blockchain technology, token issuance, management and distributions can be done directly thereby avoiding intermediaries, which charges exobitantly in form of fees. This is effectively done with that aid of open source smart contracts.
Initial Coin Offering (ICO): This is a well known process of fund raising conducted over early years of blockchain technology. This allows new projects to raise fund by selling digital assets to prospective investors, with a hope that the said assets will be listed in the nearest future on exchanges for trading. This helps the project to reserve there person fund, thus use funds raised during ICO to develop the project.
Multi-Signature Hot Wallet: Been hot, it implies that the wallet is online based 24/7. It comprises of multiple signatures (2-of-3) and it stores the total fund needed for the functionality of the platform. During online activities, users can send or receive funds, in which the wallet generates three keys, one to the user, second is stored on the webserver of the platform while the third key is encrypted, stored in cold storage and managed solely by the technical team of the platform. The encrypted key is used to unlock the wallet should by chance the user misplaced his/her wallet private key. All transactions on the platform are encrypted and confirmed using the Multi-Signature.
Initial Token Offering (ITO): With the help of Initial Token Offering, all crowdfunding investors are able to get their tokens from the investment made after entrepreneur have created the tokens to be issued. With the help of Initial Token Offering, it gives the project a better chance of getting viable investors from the four corners of the world.
With the nature of Initial Token Offering, it is a great marketing model, which gives feasibility to future products and then work on building a versatile community that will support the evolution of the project with respect to it's promotion. Initial Token Offering help to revolutionised the financial world as tokens are used as the financial security of all investors.
Believers Reward Offering (BRO): Tozex has innovatively developed a revolutionary fundraising model called the Believers-Rewards-Offering. Basically, the Believers-Rewards-Offerings' cardinal objective is to make provision for a sustainable and proficient alternative to utilizing initial Coin Offer and Security token Offers as a new token-based fundraising mechanism. BRO can greatly reduce the dumping and pumping mode, promote growth, and limit volatility.