Coinolix: A Decentralized Cryptocurrency Exchange

kingdavid-7 (8)in #ethereum • 6 years ago

Coinolix is developing the first multifunctional cryptocurrency exchange ecosystem by combining a robust exchange platform and a decentralized blockchain protocol in which digital tokens are pegged to One US Dollar and backed by asset reserve as gold by Coinolix Exchange Limited to provide a decentralized method of exchanging value through our Fiat pegged Coinamia coin. Cryptocurrency exchange technical and market research begins for next generation centralized and decentralized exchange development. Cryptocurrency trade engine finalized and review face begins for security audit and UI development of exchange. Gathering of highly skilled development team for building exchange and finalizing blockchain technology for Fiat coin altogether. In today’s market there are two types of exchanges, fiat currency based exchange and pure cryptocurrency based exchange. We will only focus on pure cryptocurrency exchange.

What is Coinolix Exchange?
Coinolix Exchange is a cryptocurrency trading platform. This Exchange is one of the most progressive and reliable exchanges for cryptocurrency trading platform with a high level of Artificial Intelligence and it is one of the safest, fastest and most trusted platforms today in blockchain. It performs, establishes all the basics and relationships to focus the Coinolix Exchange as a means to open markets for adoption and integration for emerging markets. This is a promising platform with amazing exceptional features and amazing offers. It is tremendously productive and easy to use. Also, efficient and effective functionality is guaranteed with high degree of accuracy and a reliable security assurance.

Features:
● Spot market trading
● Margin trading
● Futures market trades

Tradable Assets:
Coinolix exchange will support trading pairs in the following coins.
● BTC
● ETH
● XRP
● NEO (ANS)
● LTC
● DASH
● CLX (Coinolix Coin)
● USDC (USD pegged Coinolix coin)

Token usage and advantages
• Token holders can use CLX token to pay almost all type of fees including, trading fee, withdrawal fee, listing fees.
• When users utilize CLX tokens to pay for charges, they will get a significant amount of rebate as per following
Fund usage
• 40% of the funds will be used to build the Coinolix Exchange platform and fiat coin framework upgrades, which includes hiring team and the development budget.
• 25% will be used for marketing of the platform in multiple advertising medium to make Coinolix exchange popular across the market and attract new customer base to the platform.
• 20% of fund will be kept as reserve for later use in development of ecosystem or adapt to any crisis or unforeseen circumstance.
• 10% will be spent on improvement of ecosystem and Infrastructure.
• 5% of our financial plan designated to legitimate expenses guarantees that we fit inside administrative parameters as our business stage extends.

Buy Back & Burn Program
• Every quarter, we’ll use 20% of Coinolix exchange profit to buy back CLX coin sold during ICO and burn them.
• CLX coin buyback program will continue until 60% of all publicly issued CLX coin is burned.
• CLX coin Buy Back & Bur

Initial Coin Offering
CLX coin will be on ethereum blockchain as ERC20 token and it will support all ethereum wallet.

Token Supply
• CLX token will have total supply of 10,00,000,000 (One Billion).
• The number of CLX coin distribution during ICO is 500,000,000 CLX.

Token Delivery
• Coinolix Coin (CLX) delivery will be processed after the final ICO Crowdsale is over. We will send CLX Coin to all contributors Wallet account within 7 days after the ICO Crowdsale.

ICO schedule ICO Pre-Sale Crowdsale
• ICO public Pre-Sale will start on with bonus offer on (GMT+3) 10:00 8 Oct 2018 with 20% Bonus.
• CLX coin price will be 0.20USD during Pre-Sale.
• ICO Pre-Sale ends on (GMT+3) 10:00 07 Nov 2018.

Final ICO Crowdsale will start as follow:
• Start on (GMT+3) 10:00 8 Nov 2018 for 35 Days.
• CLX coin price will be 0.25USD during Crowdsale.
• ICO Crowdsale ends on (GMT+3) 10:00 13 Dec 2018
• Remaining token being destroyed after sales end.

Four week Bonus delivery structure for ICO Crowdsale
• 20% discount for the first Two week.
• 10% discount for the Third week.
• 5% discount for the fourth week.
• No discount on Last Week of ICO-SALE.