OnePageX - a cryptocurrency exchange that achieves simplicity
INTRODUCTION:
In a not too distant past, the blockchain technology was birthed. The birth of the blockchain brought about the concept of the Internet of Values. The blockchain technology was first recognized via the Bitcoin blockchain. The blockchain technology aggressively revolutionized the financial system. With the blockchain technology, users could engage in economic activities, without the need for centralized authorities such as banks, etc.
With the birth of the blockchain technology, the age of cryptocurrency arose. With cryptocurrencies, users could transfer values between one another in a, secure manner, timeless manner, albeit without third parties (banks) and regardless of the distance between users. All these were done with an astounding low commission.
The rising of the age of cryptocurrencies brought about some issues. I mean, each cryptocurrency were based on different blockchain technologies, and these blockchain technologies were heterogeneous. This brought about a big issue when users wanted to exchange different cryptocurrenceis, say, cryptocurrency A, for cryptocurrency B. In an attempt to curb this issue, Cryptocurrency Exchanges began to crop up.
Cryptocurrency Exchanges are platforms that enable the exchange of different cryptocurrencies. With cryptocurrency exchanges, I could exchange Cryptocurrency A for Cryptocurrency B. This was duly appreciated by ardent supporters of Cryptocurrencies. However, on closer inspection, some issues were noticed to be inherent in these Exchanges.
One of these issues was the registration of users, which the Exchanges required before users were allowed to exchange their cryptocurrencies. In most of these cryptocurrency exchanges, the registration of users meant that users had to go through the Know Your Customer (KYC) policy. This meant that with these cryptocurrency exchanges, the anonymity of users was thrown to the wind. This meant that, users were no longer safe, as their details were with the exchanges.
Another issue was that these exchanges were limited to supporting just few cryptocurrencies. This was a big worry to users who loved to own numerous cryptocurrencies.
Unfairness in pricing of cryptocurrencies was also an issue with these exchanges. With these exchanges, users sometimes sold and/or bought cryptocurrencies at outrageous prices. This was disheartening.
The way these exchanges performed their transactions was also not very effective and efficient. Going through multiple pages to perform multiple transactions is an example of the ineffectiveness of these cryptocurrency pages.
A final issue facing these exchanges was that most of them could not be implemented on websites. This is a big issue, when users are looking for a way to do exchange of cryptocurrency without the need for leaving the specific website they are currently on.
These issues continues to rock exchanges. However, OnePageX has shed a light at the end of the tunnel, which all and sundry should walk towards.
OnePageX:
OnePageX is short for OnePageExchange. As the name implies, OnePageX is a platform that allows the secured exchange of cryptocurrencies, on just ONE PAGE, albeit without all the issues rocking other cryptocurrency exchanges. The main idea behind OnePageX is to achieve the trading and converting of cryptocurrencies in the simplest, effective and most efficient way possible. Infact, let us delve into the whole cake, as we look at some features of OnePageX.
OnePagX – No Registration:
With OnePageX, there is no, I repeat, no need for registration. When a user creates/generates a transaction, the URL of that user is added on a “session” (A session is a very simple method of storing data for individual users. These data is stored against a unique session ID). To come back to the transaction, either to check the status, or any other reasons, the page could either be bookmarked, or the link to the page could be copied and pasted. This link can be used indefinitely.
OnePageX – Supports Numerous Cryptocurrencies:
OnePageX supports a large number of cryptocurrencies. Infact, currently, there are 140+ cryptocurrencies that are listed on the OnePageX platform.
OnePageX – Fair pricing:
OnePageX integrates itself with different exchanges, and it finds the best price for any given cryptocurrency. Infact, you can be rest assure that the price of a cryptocurrency on OnePageX can never be beaten by any other exchanges.
OnePageX – Transactions:
With OnePageX, users could perform multiple transactions just from one page. These transactions were added in the form of cards. Users could back from time to time, just to use these cards.
The transaction cards also indicated the status of specific transactions. This is of great advantage, when users want to know the complete status and state of their transactions. Check out these images
A newly created transaction card
A transaction card that shows that bitcoin has been sent, but awaiting 2 confirmations
This transaction card shows that Exchange is complete. Withdrawal process can begin
Withdrawal process completed. Exchange Completed
OnePageX charges 0.5% along with a small network fee on all transactions. All fees are included in the estimate shown.
Transaction on the OnePageX exchange is actually instantaneous. This however, would not happen, not until, confirmation of user's deposit is gotten. Confirmation time for deposit is not fixed, as it depends on, asset, blockchain traffic, fee paid. However, most transactions are sure to be completed within 25 minutes.
OnePageX – Widget and Integration:
A widget exists in OnePageX, and with this widget, OnePageX can be implemented into websites. The implementation of OnePageX is achieved by just “copy-pasting” a snippet. This means that quick cryptocurrency exchanges can be done by any user using these websites.
This widget is called OneBox and it functions as effective as the OnePageX page, but it does this from within the widget.
Workings of OnePageX:
When you visit the OnePageX website, you should see the image below
I would guide you on how to perform a transaction on the OnePageX platform.
There is a box on the left side, this box represents the amount of bitcoin that a user wants to exchange. A deposit limit exists, which is 0.002 to 0.0962 BTC. In an automatic manner, the amount of converted bitcoins appears, obviously, at the market price, in the default cryptocurrency selected, which is LiteCoin, which is found in the box on your right hand side.
On the right side, there is a box, and this box contains all cryptocurrencies in which the amount of bitcoin you specified in the box on the left side can be converted to. LiteCoin is selected by default, and the preferred cryptocurrency required can be specified on this box. Once the cryptocurrency is specified, the value is updated at the current market exchange price automatically.
Just below, there is a box, known as the Withdrawal Address box. This box would contain the address of the wallet, where the user intends to receive the funds. It should be noted that wallet address must be compatible with the cryptocurrency selected.
Finally, after specifying the amount of bitcoin to exchange, selecting the preferred cryptocurrency, and specifying the wallet address, the “Start Exchange” button can be clicked, to begin the exchange process.
Transaction cards can then be used to keep tabs on the status of the exchange processes.
Use-Cases:
Use-Case 1:
Emiz is a lover of necklaces, she stumbles unto a website called necklacelovers.com. She sees a necklace there that catches her attention. However, she only has bitcoins in her possession, while necklacelovers.com accepts only EOS tokens.
Goodnews is that, necklacelovers.com has the OnePageX widget (OneBox) integrated. Emiz quickly uses OneBox to convert her Bitcoin to the required EOS tokens. She can now buy the necklace, she so desires.
Use-Case 2:
Jimbo likes to give to orphanages. He stumbles upon the Tundra orphanage that requires 100 tundra coins for the upkeep of 10 orphans in their care. Jimbo doesn’t want his name to be all over the news, so he uses OnePageX to convert bitcoins to tundra coins, and he sends to Tundra orphanage. Hence, Jimbo maintains his anonymity, while Tundra orphanage is able to carter for the 10 orphans.
Conclusion:
OnePageX is about to bring a much needed revolution to the way we exchange cryptocurrencies. I mean, OnePageX ensures that exchange is done in a quick manner, while maintaining anonymity, since user registration is not required.
For emphasis sake, the benefits of OnePageX includes, speed, reliability, low cost, user-friendly interface, ensures privacy, transparency, several cryptocurrencies listed, allows multiple transactions from one page, easy to integrate on websites, etc.
More Information & Resources
OnePageX Website
OnePageX FAQ
OnePageX OneBox
OnePageX Reddit
OnePageX Steemit
OnePageX Medium
OnePageX Twitter
OnePageX Telegram
OnePageX Instagram
My Video:
Check out this video. You would enjoy it!
Twitter Link:
https://twitter.com/okiTwiTs/status/1054733637764165639
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Solid and very well written review @okipeter
The only problem I see is that you centered it, which makes it really difficult to read.
Good luck with @originalworks contest. Obviously upvoted
Yours, Piotr
Thanks for your observation. I guess I love things been centered. Lol. Anyways, I hope you have faith in this project?
It's to early for me to say if I have faith in OnepageX @okipeter
Currently even best ideas can fail easily since market is just so very dead and finding financial support can be very hard, even for the best and most interesting projects.
Cheers,
Piotr
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These people are damn brutal mehn!!!😪
1steem for video, 7 total
cheeeee!!!😪
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