TOPEX: PROVIDING COMPENSATION FOR TRADING LOSSES
The advent of cryptocurrencies ushered in a decentralized payment medium for goods and services in contrast to the use of Fiat which was totally centralized and controlled by few persons. This has accounted for the exponential growth recorded by cryptocurrencies over the years, with a current market capitalization of about $400 billion serving as a profitable source of investment for individuals and businesses alike.
Despite the huge opportunities the crypto market has to offer, it is faced with the challenge of high volatility. The crypto market is very volatile in nature, price fluctuations and surges are normal happenings in the market as the price of a currency either increases or decreases moat times in space of minutes or even seconds.
This is been a major challenge faced by crypto traders as most exchanges have not been able to provide traders with tools for easy entry and exit from the market which has resulted to loss of great amounts of user portfolio without any form of compensation.
Introducing Topex
Topex is a cryptocurrency exchange which provides compensation for trade losses depending on your trading volumes thereby creating an ecosystem where traders will be able to make deals without the fear of loosing their investments. Topex will ensure up to 100% compensation of losses.
How will Topex achieve this?
Topex will provide a trading platform where members of the exchange will be given the ability to include the function of compensation for losses on their personal account. This will in turn entitle them to compensation when making a transaction.
During trading transactions, if the total initial balance for the same currency pair being traded decreases., the trader will be compensated at the end of the day for losses incurred from the compensation fund. Thus fund is 25% of the total profit accrued to the exchange on a 24hour basis.
The volume of compensation will be calculated on the basis of the total negative transaction in relation to the volume of unsuccessful transactions of other traders. Traders who own TPX tokens will be credited with the remaining 75% profit made on a 24hour basis by the platform.
Features of Topex
The following features will be provide on Topex trading platform, they include:
Built-in crypto-portfolio: the platform provides traders with a built-in portfolio which provides an opportunity to keep track of changes in profit, share information on coins purchased with other users. All transaction made by the trader will be recorded in his personal portfolio allowing traders to analyze their previous transactions for a more profitable trading.
Trust management: Topex will provide a crypto exchange built on trust which allows traders to partially or completely exclude their actions for buying or selling cryptocurrencies. Analysis of experienced traders provides opportunities for proper investment for other traders, this is achieved as traders will be able to give their track actions on buying and selling of cryptocurrencies for other traders to subscribe to. This will allow them to duplicate the patterns of successful traders for a profitable trading experience.
Prediction System: in order to minimize losses among traders the platform is currently developing a prediction system built into charts and analysis to reduce losses in trading transactions. The prediction system will be able to analyze trading indicators, compare trading charts between different periods so as to minimize trading losses.
Final Thought
Topex will provide a trading platform that provides compensation for traders in events of unsuccessful trading transactions, minimize losses and provide tools for a more profitable and pleasurable trading experience.
Project Site: https://topex.io/
Username: Vocalwalls
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1825008
wallet address: 0x4e643A7C0E494dd7463B5F10b7Bc5F7f8BA702CD