AXNET: A Hybrid Decentralized and Centralized trading platform in-one with global presence and continuous innovation

frankydoodle (59)in #cryptocurrency • 6 years ago

Good morning Steemit family and crypto fans! It's me again your Cryptocurrency and ICO reviewer Mr. Decentralized going to do a review and unique analysis about one of a promising and powerful project on the blockchain to date.

Today we will talk about AXNET. Our featured project AXNET is a hybrid decentralized and centralized trading platform in-one wherein we could trade fiat with cryptocurrencies as well as cryptocurrencies to other cryptocurrencies as well. The beauty of this innovative trading platform is that it is accepting Fiat or also called paper money deposits as well as cryptocurrencies.

What can we draw out from the hybridized platform exchange? Well, to tell you exactly what is the present architecture of the existing platform nowadays are mostly you can only deposit cryptocurrencies and not fiat. Others are limiting the variety of trading pairs that result in higher fees! But with the vision and mission of the AXNET team, they would want the convenience, speed, and security of both centralized and decentralized exchange combined. Now that's a team with a big heart for traders and cryptocurrency enthusiasts as well.

Features and Plans of AXNET team and platform

I am a big fan of an innovative team with their personal specialty when it comes to specialty. With AXNET, I went through one of their flagship product in terms of blockchain technology integrated with their hybrid platform. Here is a screenshot of it:

As you can see in the photo above, with just a click of the mouse button, you can easily switch from a centralized exchange into a high-speed decentralized exchange. Let me tell you the difference of a centralized from a decentralized one. Having a centralized exchange means the platform where you are in only gives tradeable pairs most of the time are the ones with big volumes because of its liquidity to be able to be converted to another big market cap coin. While the decentralized exchange one, you have control of your funds as well as you are the one keeping the so-called 'private key' to your funds. Meaning you are the one responsible where to send and receive your funds. As well as keeping it secure from other people or hackers.

With AXNET's secure platform, you could enjoy the security and decentralization to the fullest with their state-of-the-art platform. Decentralized AXNET can be accessed using either your private key, ledger wallet or even Metamask! Interconnection is the future!

As I read their whitepaper, I am amazed at how they want to solve the problem of most exchanges today such as hacking problems and increasing the bandwidth to be held by an exchange platform. The AXNET team knows all of these problems already and knows how to solve them with their team of professionals and blockchain experts. Not just a new or typical programmer that would only do the basic concepts of programming but left the blockchain part where it will take a lot of bandwidth and exchange data plus fund validation.

The AXNET team "Walk the Talk" by having their advantages in the cryptocurrency space.

High-quality hardware engines--> I saw in their whitepaper that they have performance engines that could handle 2 million orders per second. Now, being a trader and investor in the crypto space, I would say that with this speed, there would be no lag while I am trading. Being this said, you will be a top-notch trader in no time with precision and you will easily buy your target price because there would be no delay of execution of your order.
Financial sustainability--> As per their whitepaper, they have a network of banks that they have tied-up wherein whenever something like an upgrade is needed for the benefit of the AXNET community, it would be easily be done and with no delays.
Customer support and service round the clock 24/7

--> Cryptocurrency trading never sleeps. It is a 24/7, 365 days trading around the globe. This is the playground of the true traders. That's why for all of the questions of our traders and that includes me, having someone who would attend to our needs and questions gives me a great support for AXNET platform.

Variety of cryptocurrency pairs with mobile apps--> This is also important because having pairs that you want to play with or trade with makes you more confident that the target profit that you want has AXNET got you covered. They already have their mobile apps in iOS and Android platforms. Here are the links to it:

https://play.google.com/store/apps/details?id=com.axnet.axnetexchange
https://itunes.apple.com/us/app/axnet/id1422526975?ls=1&mt=8
I could say that their mobile apps area very clean looking and well-made!

FUTURE PLANS

"Wealth is a marathon, not a sprint"

I believe in a team wherein altogether they form ideas for the benefit of their customers. And this is what I am seeing with AXNET platform and their team. From the website to their hybrid platform and their mobile apps, it is a great project to be a part of.

A. EOS integration--> EOS is a promising blockchain project that wants to be the decentralized internet of things. Being able to join forces with EOS and create an exchange platform out of it was another plan of AXNET.

B. AXNET labs--> This made me Wow again. Axnet has plans as well not only to be an exchange platform worldwide known but to be also to host ICOs and they will be the one facilitating the KYC, financial escrows and coin escrows as well as the AMLC regulations. Amazing!

THE AXNET TOKEN

A benefit of holding AXNET token is that it gives you 50% discount trading fee while trading in AXNET platform. This token is the one that is being like an incentive for holding and buying the AXNET token. Great! The more tokens you have means the more power you have in the AXNET platform because the platform has exclusive offers as well as voting power. It could be used to list a token in the platform in the future.

They also has a plan that instead of ETH being used as GAS, it would be AXN. Therefore with this concept, it would make the price of the AXNET token shoot up!

Buyback and burn--> This buying back of coins and burning up of coins makes the AXNET token make the price go up as well. They want to buy back and burn up to the point wherein there would be only 500 million coins in existence in the blockchain. I know that AXNET team did their own research about this and yours truly as well. 500 Million coins are one of the best supply-price ratio wherein the supply meets the demand while making a substantial amount to holders for circulation while keeping the price go up and down in a normal way. It is called as the "Goldilocks zone" for any coin and ICO.

They have a lock-up period as well so that those who would want to dump the AXNET token won't be able to do it after the ICO. Giving the AXNET the time to grow and give the investors as well as the community the real AXNET platform and organic product that everyone will be proud of.

Here is a screenshot of their roadmap timeline: