CGCX - Hybrid Crypto Platform
One of the major problems as seen in the cryptocurrency exchanges today is the problem of insecurity of funds. This is most predominant in the centralized exchanges where there is only a single gateway which is the exchange server that houses all user’s tokens in their own wallet. When there is an attack on the exchange server, every user's account is affected.
This has been a common trend and there has been no solution to it, then came decentralized exchanges that gave everyone the opportunity to keep their funds in their own wallet which they have the control keys to. But this has not helped users much as many people have been careless whilst handling their private keys and this has been exposed to the wrong hands who hacked such users. with the decentralized exchanges almost impossible for new crypto users to access, the issue of loss of funds keeps going on and on every day.
CGCX will be providing its user's wallets to enable them to store their cryptocurrency assets safely in one location which is the CGCX exchange. Every digital asset a user stores on their wallet on CGCX exchange is insured against cyber-attack, also, CGCX is making its exchange to be user-friendly for both the beginner’s and institutions in order to ensure easy, swift and seamless transactions.
The CGCX platform will be controlled using its utility tokens. This utility tokens will be used as a medium of payment for transactions on the exchange. This token can be used for a lot of activities on the platform such as: voting for altcoin listing, users, get discounts from transaction fees when they use the token for payment.
The CGCX platform is taking the pains of insecurity as seen in the centralized exchange and turning it into their strength by making provisions for tokens security for its users. It is also giving room for an easy user interface unlike what we have today in the decentralized exchange. The CGCX is presenting to cryptocurrency investors and institutions an exchange that houses all their investment needs which includes that of security and ease of use.
Official CGCX Links
Website: https://www.cgcx.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3360185
Lightpaper: https://www.cgcx.io/wp-content/uploads/2018/04/23-april-2018-CGCX-Lightpaper-new.pdf
Telegram: https://t.me/cgcxofficial
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1016770
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This is my first time of hearing about this project and your analysis has helped me understand the project. The cryptocurrency market is long due for a revolution to enable users have security of their assets.
The cryptocurency space keeps spreading and as such more needs arises for simplyfication of the market structure.