EXTRADECOIN: A CRYTPOCURRENCY EXCHANGE PLATFORM THAT OFFERS VALUE BEYOND TRADING OF CRYPTOCURRENCIES
INTRODUCTION
The cryptocurrency industry is unique in its application as it is the only currency controlled by users not government. The blockchain technology has been very instrumental to the actualization of this new digital currency era. History will not forget the strategic role and step taken by the developers of bitcoin to create the new world of crytpocurrency which have given chance for launch of other alternate cryptocurrencies. The crypto market industry is gaining a lot of traction from every sector and people all over the world. There are many ICOs coming up and millions of ICO will flood the industry in the nearest future. The need for cryptocurrency exchange cannot be over emphasized because of the growing numbers of ICOs every day. The conventional exchange platforms are mainly designed to buy and sell cryptocurrency. Most of the support features are to aid ease of platform usage. The trend in many blockchain startup are beginning to raise questions concerning the stale nature of most exchange platforms. What if is there is a platform that accommodates more features based on possible challenges cryptocurrency traders’ experience? What if there are multi-services and other flexibilities that turns the exchange platform to be more valuable, fun and interesting to visit. This is one the reasons why Extradecoin is stepping into the cryptocurrency exchange sector to not to help cryptocurrency traders buy and sell multiple coins but also have access to peer to peer coin lending feature, Listing ICO on their exchange and a blockchain based gaming ecosystem.
CURRENT CHALLENGES OF ICOS AND EXCHANGE PLATFORMS
Since there are plenty of ICOs coming in the crypto market everyday there will be more pressure on many exchange sites to accommodate a lot of these upcoming ICOs in their market. Usually the ideal approach would have been for ICOs to develop their own exchange platform too but that is not their primary object and besides it will take huge amount of the fund raised from the token generation event and sink them into the exchange because it is more expensive to develop and takes some time to function effectively without lapses from bugs in the blockchain code. This is why ICOs leverage on existing platforms to enlist their coins and start trading but it comes with some terms and conditions. Enlisting would require pumping a certain volume of the coin into the exchange and most top exchange take a minimum of USD $1,000,000 to enlist any new ICO into the their exchange.
There are smaller exchanges whose platform are built on opensource, these platforms allows ICOs enlist at a cheaper rate but the volume of trade in such platforms are less com-pared to top exchanges. Exchange platforms too on their own part design complex user interface that makes it difficult for some trader to navigate easily. Some exchange have limited coins enlisted on their platform and this reduces the volume of trade and traffic on such exchanges. Certain exchanges are centralized in the operations, such exchanges like luno, coinbase, hold users coin on their platform and allows them to trade the equivalent with them. The issue of hackers’ intrusion is not left out in this analysis. All these can be eliminated using a more decentralized blockchain application which Extradecoin is offering to the industry.
EXTRADECOIN BLOCKCHAIN PLATFORM AND ITS OUTSTANDING FEATURES
Extradecoin is a decentralized trading system that allows extra features like gaming application on its platform. It major function is to bring buyers and sellers on the same platform for trading of cryptocurrency. It offers cheaper rates as low as one percent when users transact with their Extradecoin (ETE coin) as against five percent which is general price rate on other exchanges. It is a unique platform that provides its cryptocurrency traders will current market report about the currency they are trading on. This helps to provide better insight to traders on the platform. Three key groups of customers are the main reason for the development of this platform and they are:
Cryptocurrency Investors: They offer investors insights to better performing currency in the crypto market to enable them mitigate trading losses. There are subsidized transaction fees, fast procession of transactions and trade and order booking.
ICO Project Teams: These the blockchain project startup developers who work on products and uses ICO to raise fund for their work. They setup marketing and bounties to reach a wider audience in the industry and sell pitch their blockchain ICO startup to get funding. Extradecoin will have these ICOs onboard on their platform and since there are list of traders in the ecosystem they will advertise these ICOs to their users starting with the best performing ones in the market.
Gamer Lovers: These set of persons now have reasons to trade and also leverage on token play feature of the platform. The Extradecoin will act as a utility token to access gaming services on the platform. This service is available as TokenPlay where the player can ear will being entertained with the games.
These are the major key players Extradecoin is very much interested in capturing through their ICO project. There are goo services which the offer that makes them stand out from other exchanges
The first is borrowing section where investors who have spare coin can borrow to ones who are in need ton help them trade and do other investments. The amount of Extradecoin borrows comes with an interest which the investors earns.
The second feature is Token Play is a gaming ecosystem on the exchange platform it is designed to help game lovers on the platform to gamble with each other and also bet on the platform using Extradecoin. So users can invest and trade, play games for fun and making money via betting and gambling with each other using Extradecoin.
The third feature is helping new ICO enlist into their exchange at a very cheap price. They also use their platform to present their ICOs to investors on the platform to contribute directly to their project using any of the available cryptocurrency on the platform.
ABOUT TOKEN EXTRADECOIN
The cryptocurrency the will fuel activities on this platform is the Extradecoin(ETE). This is the token of the ecosystem which is easier and cheaper to use for services on the platform. In order to develop this exchange platform and get it running up to speed. Extradecoin is offering a total of 250,000,000ETE token open for sales I their ongoing ICO trade. It can be purchased using Ethereum. To learn more about Extradecoin and the token sales please visit the links below.
ANN : https://bitcointalk.org/index.php?topic=4789548
Website : https://extradecoin.com/#/
Whitepaper : https://drive.google.com/file/d/1ZOZiqfFTu71UiY5-FAWTnHWa2uKqH4wV/view?usp=sharing
Twitter : https://twitter.com/Extradecoin1
Facebook : https://www.facebook.com/extradecoin
Telegram : https://t.me/extradecoinofficial
Telegram Channel : https://t.me/extradecoinofficialchannel
Medium : https://medium.com/@Extradecoin
Content Author Details
Username: Finixfly
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=2141081