Introducing EOSex, the one trading platfom with every trading option.
A platform that lets you trade in everything from Litecoin and Bitcoin to agricultural products like corn to precious metals like gold. The EOSex is like something you’ve never heard before.
Maybe you've heard of EOS, one of the largest global crypto today with a cap of over $4B USD, EOSex short for EOS and exchange was built to take full advantage of its capabilities.
Why is EOSex so important in today’s world.
EOSex will be solving two main problems currently facing the crypto-trading industry, one of them being:
It's just too difficult to get on exchanges.
It’s expensive too! In fact, according to reports, Binance charges projects upwards of $7M USD just their tokens listed and considering most projects don't even reach their ICO targets, this is a huge fee to pay.
It’s a fee that can be used on more important tasks, like development. EOSex wants to help with that, by maintaining every user's data inside cold storage wallets it will not only ensure they are secure from data breaches, it also provides more options in terms of flexibility.
See, most exchanges need to be extra careful with the number of tokens they list on their exchange to avoid scam companies. EOSex won't need to worry about this too much and with their open and flexible listing process, you can bet everyone will feel included.
Here’s how it works.
After every 15 days, EOSex will send out a list of quality tokens - projects that are being considered for listing. At that point supporters of the mentioned projects will need to deposit tokens into the EOSex platform. This helps judge demand. At the end of the exercise the project with the highest quantity of tokens will get listed for trade.
Expanding the trade options bracket.
One other way EOSex will be pioneering the digital asset exchange industry is by the second problem it solves. When it comes to the trading industry, the ability to seamlessly switch between different assets is hard. For example, say you'd like to invest in crypto, chances are you would need to convert your crypto into cash and then use this cash to buy the crypto you need. Now i don't need to tell you how frustrating this can get and once you factor in transaction costs!
Even then - your trading options will almost always be just cryptocurrency and fiat currency. Now sure these two options serve their market well, but what about everyone else locked out?
I believe that in order to get the world to adopt to blockchain, projects need to serve the mainstream market. Not just a select few, EOSex is the perfect example of this, with their trading platform, traders can have their choice between trading with crypto like Bitcoin, Ethereum, XRP and Litecoin, or precious metals or something more traditional as agricultural products. Users can also trade in energy like crude oil or in Equities and equity indexes. The list is long, but you got my point. EOSex was designed for everybody, both professionals and beginners alike.
Note: The company is currently only offering spot trading but as the platform is developed further and trading volumes soar with more participation the company will begin offering CFD. It is at this point that everything will change as we will see the trading options expand to include, ability to trade in equities, metals, commodities etc.
CFD re-imagined.
The introduction of CFD will be the gamechanger because it will give users the ability to trade in assets without the need of purchasing or selling the actual assets, and because all the trades will be on margins, users will significantly reduce their risk while ensuring better returns on their investment. So basically, users would only need to cough up a margin of the value of the assets to cover any potential loss of value.
Conclusion.
All this is made possible by the company's liquid-box feature which ensures there is always enough liquidity on the platform by enabling other major exchanges to channel their liquidity onto the EOSex platform thus reducing volatility and enhancing the overall trading experience for users.
Participating with the company.
EOSex will hold for investment rounds with a goal of raising 2.8 Billion tokens which roughly translates to just about 1,000,000 EOS (and considering it's 16/10/2018 and 1 EOS = $5.48) that roughly translates to a target shy of $6,000,000 which is very conservative. The first round is done already, users can participate in Round 1, Round 2 and Round 3, starting on October 15th, 2018, October 24th and November 8th respectively.
According to the company website, 2018 will be a busy year for the company, we'll see the release of the on-chain trading feature in November and welcome the Contract for Difference trading functionality in December. An iOS mobile app will also be released to the public.
For extra information.
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Thank you for reading.
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Rhinoboy11
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Best Project name ever...
yes it is. it is also a very good project besides the name
let's hope it is not the continuation of so many that go to the precipice
this is not a regular project