Exchange Union ICO

Hi Friends,

This is Satish from India.

Today I would like to make review on Exchange Union ICO

When days are progressing hundreds of new coins are coming into Cryptocurrency or Blockchain industry. Currently there are 941 cryptocurrencies are listed in coinmarketcap with market cap of more than 100 billion dollars this number will increase significantly in near future. As of now there are 98 digital currency exchanges and millions of investors or traders around the world.

At present East Asia, North America, Europe are the biggest markets of cryptocurrencies with 63%, 25% and 11% respectively.

Problems facing by Investors or traders in current Exchanges

Due to limitation of regions the price of one Cryptocurrency varies a lot in different exchanges with different locations.

For Example

1. In November due to demonitisation in India the Bitcoin is traded at nearly 20% premium compared to global average price.

2. Early in July Ethereum in South Korea is traded at 10% more premium than the price of global average.

As I mentioned above currently there are 98 digital currency exchanges in different locations with different cryptocurrencies. Some exchanges are limited to particular regions, All cryptocurrencies are not listed in all exchanges. This will create limitation for investors or traders to access all Cryptocurrencies.

For Example

When investor in one particular location have an account in Exchange A and he may want to invest or trade in Cryptocurrency which is not listed in Exchange A then he have to open a new account in Exchange B in which the desired cryptocoin was listed. This involves a cumbersome process and create confusion for investors to remember passwords and wallet information among different Exchanges and facing difficulties in deposits, withdrawls by investors in different exchanges.

This type of nature creates limitation to global digital currency liquidity.

To bridge the gap between different Exchanges, Exchange union is forming a union of different exchanges arround the world to provide access to all cryptocurrencies from different a exchanges with single gateway and creates global liquidity and convenience to investors.

Exchange Union is building Exchange union chain with Blockchain technology to record all transactions access exchanges and KYC details of investors or traders.

Exchange Union Platform works as mentioned below

Exchange Union Technical Mechanism

*Exchange Union wants to introduce it's own token called XUC in its platform currency as Universal token for all digital exchanges listed in Union. XUC token is ERC20 based built on Ethereum platform,

1. XUC provides large discounts on trading fee within exchanges.

2. XUC will be accepted in majority of exchanges used as a clearing intermediary.

3. This token will be listed in secondary market after 2 months from the end of ICO.

4. Value increases brought by deals on credit and margin trading.

Benefits of using Exchange Union

1. If anyone transacts through Exchange union then the investor or traders have an access to all Cryptocurrencies accross different exchanges in different regions.

2. In Exchange union if user requests to buy a particular cryptocurrency then the system automatically place order with lowest price quoted in exchange among all exchanges listed in Union. This is a huge advantage to investors or traders due to this benefit they need not to search where a particular is quoted at lowest price.

3. Orders will be placed in seconds irrespective of which Exchange the order belongs with Exchange union chain.

4. There will not be any transaction fee in Exchange Union.

5. This is secured and it works with consensus algorithm of 80% and this all happens in 1 second.

The Team and Advisors having tons of experience with more than 20 years in Blockchain and software industry. It is important to note that the reputed persons like Brenden Eich - Java Script founder and Paul Chou - CEO of LederX and many others as Advisors for this project.

The Crowdsale details

The ICO will start on 7th August 2017 and it will end on 31st August 2017.

Total supply of XUC tokens 3,000,000,000.

XUC price 1 BTC = 4600 XUC, 1 ETH = 380 XUC (These prices are indicative and will be fixed at crowdsale).

The Bonus structure

Investment Bonus

100,000 - 1,000,000 XUC. - 5% XUC
1,000,000 - 2,000,000 XUC - 10% XUC
2,000,000- 10,000,000 XUC - 15% XUC
More than 10,000,000 XUC - 20% XUC

If the subscription amount exceeds 400,000,000 XUC before the closing date then they will extend the sale for 24 hours with ceiling of 600,000,000 XUC.

If subscription not achieved atleast 100,000,000 XUC then they will refund entire amount to buyers.

To contribute in Crowdsale : https://exchangeunion.net

To know more about project download whitepaper from : http://www.exchangeunion.net/white-paper.pdf

Bitcointalk Profile link : https://bitcointalk.org/index.php?action=profile

Bitcointalk Profile name : Satish147