ITEX Token the Future Of Cryptocurrency

diamondbea (25)in #blockchain • 5 years ago (edited)

ITEX or Innovating Trading Exchange as is the full meaning explores the untapped potential of the crypto-currency market, due to the centralization and decentralization of the market most innovative ideas on the network is not noticed. These past years the cryptocurrency market has been a bit unstable both for the centralized and decentralized market as they each had their flaws for example when exchanges are made on the decentralized blockchain data verification is not asked for meaning parties in the exchange are therefore exposed to funds whose sources are not trusted. While on blockchains that are centralized the number of cryptocurrencies that can be used during an exchange is limited. these are some of the issues that ITEX hope to thrash therefore creating an environment that is healthy to both traders and investors, an environment that is fair and transparent.
ITEX proposes a solution where the blockchain is neither totally centralized nor decentralized, therefore creating a hybrid blockchain that has technological advantages over the other blockchains both decentralized and centralized, it also guarantees its users maximum security and protection with favorable customer support mechanism.
ITEX has some major characteristics that set it apart from other blockchains like the immediate live trades that allows the traders to conduct business without any delay with minimal loses and errors.
It also gives room for multiple trading as the available trade pairs would continue to increase depending on the user's demands, therefore, making the movements in the market very active. When trading with ITEX privacy and security is assured as any cryptocurrency that comes into their platform would be strictly monitored, information concerning users would be secure from any cloud with there being a team to always keep the platform active and not cause any disturbance to users. On the ITEX blockchain filters would be put in place to monitor and control any movement considered suspicious either because of unusual buy within the exchange or to see if prices are unusually inflated by traders.
ITEX user support also seeks to improve the services often rendered by numerous customer support systems as they are sometimes too slow and other times they do not respond at all, ITEX, on the other hand, will implement a live chat with an email system that is up and running.
ITEX has a web version but their apps for IOS and Android would be out by quarter 2 of 2019. The ITEX blockchain also features a social trading option that can be deactivated and reactivated depending on the user’s choice, it requires the buyer deciding to link his account to that of his favorite trader which enables a larger exchange volume while still mining for ITEX currency since the account would always in operation.
The users of the ITEX blockchain stand to gain a lot as there are things like the funding system put in place to fund any project that shows promise, the project also must be useful to the blockchain. It also has a referral program which gives a commission of ten percent for ITEX tokens bought by the referrals of a user, the users also stand a chance to gain from the 500,000,000 ITEX token that would be shared to the traders on the platform within the first two years of its existence.
The ITEX network has its own cryptocurrency which is called the ITEX token or ERC-20 in the Ethereum platform. This currency can function inside and outside the community as a value of exchange as it can be interchangeable with other cryptocurrencies.

The ITEX network also has an ambassadorship program that gives a special bounty to influencers that share the same ideology on cryptocurrency and a quantity of the ITEX token would be distributed to them as it enables them to integrate people with the same vision into the network.