RIPAEX - Hybrid Exchange for more Liquidity

The world of cryptocurrency has been managed solely by most centralized exchanges for trades. This is because these centralized exchanges have more liquidity and as such attracts more users. These centralized exchanges also have an easy and seamless and user-friendly interface unlike what is seen in the decentralized exchanges. But even with all these benefits of the centralized exchanges, they still face one problem or the other when it comes to security and control. The centralized exchanges due to its server being all connected and all wallets on the server, during a malware attack or a single hack attack, users lose their funds as everything is stored on the exchange. Also, the centralized exchanges don’t give users the ability to have control of their funds as everything is being sent to the exchange wallet.

The users have no control of their private keys the exchange does that. The cost of running an exchange and the time it takes to garner trust from users and assure them that the exchange is here to stay and not run away with their funds is one that is hard to get. This is because some exchange has been hacked in the time past and user’s funds lost without them being compensated, other exchanges have also been shut down due to lack of funds for its maintenance. All this has put users on edge when it comes to trusting newly opened exchange or better still when it comes to patronizing such exchanges. This alone has deterred peoples interest when it comes to running their own exchanges.

RipaEx Approach

Having looked at all the cost required and time it takes to garner trust from users, RipaEx is making the difference. RipaEx is not only an exchange, it is also a decentralized hybrid exchange with the goal of making provisions for people who would want to run their own exchange to do so and also RipaEx is giving every cryptocurrency trader the opportunity to stay safe and have optimal security when it comes to trading and managing their crypto funds. RipaEx will make it very easy through the reduction of entry fees required for opening and managing new exchanges. RipaEx is not only making the creation and management of new exchange possible, it is also offering such individuals who would want to open an exchange, the said liquidity they need for the newly created exchange. This is to say that with the RipaEx hybrid decentralized exchange, that new person who would love to own an exchange have all it takes to do so and not only that, traders get to have a seamless and safe experience while using such exchange. This is because of the decentralized nature of the RipaEx exchange.

Decentralization gives everyone the opportunity to have control over their wallets as they will have the control and access keys to such wallets and be able to save their private keys and take responsibility for their tokens. The unique feature of the RipaEx hybrid exchange, is the fact that there will be a network of exchanges which will share the same liquidity between each other this goes to show that from the onset of setting up an exchange on the RipaEx blockchain, that your exchange automatically gets the liquidity it needs to function as liquidity will be pulled from other existing exchange on the platform.

The RipaEx decentralized exchange will have its own token which will be used to access the platform. It will be known with the ticker XPX. RipaEx will also introduce a delegated proof of stake technology which will offer every XPX holder the chance of getting passive income through the staking of their tokens within a stipulated timeframe. There will be a tokensale event to help bootstrap the development of the RipaEx project. This will run from April 2018 through December 2018.

Summary

Projects such as RipaEx is here at a time when the cryptocurrency space is gaining mass adoption to help new users have a good user experience be it an entrepreneur or just a trader. The RipaEx exchange will serve a great deal to the cryptocurrency space by providing some of the various solutions to problems inherent in the crypto space. Problems such as insecurity, lack of liquidity and so on.

Essential Links

Website: https://ripaex.io/
Whitepaper:https://ripaex.io/assets/RipaEx_WP_EN.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=3759172
Telegram: https://t.me/ripaex

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