WHAT YOU SHOULD KNOW ABOUT THE CATEX PROJECT

The number of exchanges keeps growing as is the number of cryptocurrencies. Today, as the internet continues to power the use of more forms of digital currencies, in a bid to attain a full globalisation, where border becomes a thing of the past, the blockchain too taken its position in this drive, by the constant push and adoption of the features of the blockchain technology. One of these features is the growth in digital forms of money, the cryptocurrency.

Digital assets can be in a number of forms, but all for a certain purpose. The purpose of making payment easier. Cryptocurrency are much more flexible compared to other forms of digital assets as they are usually more decentralized.

While the cryptocurrency and exchanges have seen a massive increase over the years, there still remains some issues that could use a few touching, especially for the exchanges or trading platforms.

The Problems

Volume: A lot of exchanges have suffered from terrible or no volume. This has lead to poor trading experiences for traders and even the eventual death of the entire project/token.

Limited trading pairs: A lot of exchanges do not have enough trading pairs that'd enable traders maximise profits. They only offer very few pairs that may not be favourable for traders.

High transactions fees: For the slightly decent exchanges, the transaction fees are usually cut throat. This has made it an almost an all rich people platform and highly unfavourable for the regular traders.

Poor displays: I have had the need to trade on various exchanges, and a lot of them come with a very poor display. The website display is usually lagging and makes the entire process bland. This kills zeal.

Security: Not so long ago, a popular exchange was hacked. The problem is that it was becoming a reoccurring event. This can only happen as a result of poor security protocols in place. The issue of hack and stealing of user funds has been on the increase for a while now.

Delays: If you trade, you'd understand how frustrating to have delays in transaction. This is because trading is usually fast paced, the time to go into a trade and/or exit a trade all counts, but a lot of exchanges are very slow. I have deposited funds, only to have them reflect on my dashboard after several days. This betrays the blockchain ideology.

Kyc: While the idea of a Kyc verification is a good thing, it does come with a turnoff. A lot of exchanges employs the use of a very rigorous process that can frustrate users. Verification for some exchanges takes a very long while to go through. This is very frustrating.

Lack of transparency: There are too many hidden rules and terms on a lot of exchanges. Users have lost funds because they have stuck in after making deposits.

High listing fees: There's usually a ridiculously high charge for projects who intend to list on other exchanges. This has caused plenty frustration for start-ups as not a lot of projects can afford this very high fees. This betrays the blockchain ideaalogy.

While the problems persists and continues to pile up, there's a solution in place.This is where the Catex comes in.

Cat Exchange (CATEX)

Catex is a digital currency exchange platform that aims to carter for its user unlike the other regular exchanges. The project focuses on carrying out transactions for relatively cheaper transactions fees unlike other platforms. The project comes in as people oriented platform to push for the mass adoption of the blockchain.

Catex exchange is built on the decision making of its users instead of a centralized system of operations. The community of users gets a say on important decisions making by casting votes to state their stance.

Key features of the Catex platform

Beautiful interface: If you are trader, you'd know that a beautiful interface can go along way to helping you maximise profits. The platform comes with a very beautiful and intuitive interface that even newbies will enjoy using.

Volume/Liquidity: This platform is characterised with a very high volume that'd make for a very thrilling experience. This is basically the most important thing for the traders and exchanges

Security: The platform prides itself on a very tight security system. Using ultramodern security protocols. Here, there'd be no cases of hack or funds insecurity.

Various Trading Pairs: Users of the platform have the luxury of operating with numerous trading pairs of their choice. This will create more volume and also help traders maximise profits.

Support: As a trader, there could be times when one gets to need the assistance of a support service, after all, that's why they are there. But other exchanges have that just as a decorative measure. Here, users can get a very fast and efficient support system where all their issues will be treated as a matter of urgency. Support is available in various languages to better suit users.

Key benefits of the Catex platform

Referral bonus: Users who bring new traders to the platform will be compensated for the work done. He or she will get a 10% referral reward when the referrals make a trade, all rewards will be in catt.

Mining: Users who hold their catt tokens at a stipulated time will be rewarded for this. Through the 5% for mining reward.

Profit sharing: 90% of all incomes got from trading expenses will be circulated to catt token holders.

Buyback and burning: The project employs the use of a buyback system to help keep the value and market capitalization of the Catt token.

Ballot: One of the benefits of the platform is the ability of users to have a say in major proceedings. With the Balloting system, users can cast votes for their favourite projects and also for projects to be listed on the platform. Votes are successfully done through the use the catt token.

Also the Catex Applications are also very intitutive and can be found on both the Android and IOS stores. This goes to show how fast and ready the platform has become.

CATEX Tokens (CATT)

As blockchain people oriented platform, the Catex project employs the use of a token as basis of transactions on the platform. It will be the basis for payments for rewards, listing fees, transaction fees, mining bonuses, referral bonuses, voting, etc.

Conclusion

This project promises to be the urgently needed solution for traders and crypto enthusiasts. A platform where the interest of everyone is covered.

Using the blockchain and an ultra sophisticated security protocols, coupled with the full community orientation technique of the Catex project, you an see that change is finally here. With a lot of projects and trading pairs already listed on the platform, you can say its time to have the blockchain proper.

This article doesn't not cover all the benefits, features, technicalities and details of the entire project, more information can be seen through the use of the following links.

Project website: https://www.catex.io/

Twitter: https://twitter.com/catexofficial

Facebook: https://www.facebook.com/officialcatex

Telegram: https://t.me/catex_group

ANN Thread: https://bitcointalk.org/index.php?topic=5099776.0

Written by Goodnuel

Bitcointalk username: Goodnuel

Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1304832;sa=summary