European Cryptocurrency Exchange (EUCX)

in #eucx5 years ago

Value Proposition:
The value proposition of EUCX is divided in the following aspects:
• Transparent;
• Curated;
• Compliant;
• Reliable;
• Secure;
• Professional.
Transparency
The hypocrisy is that, generally speaking, exchanges are oddly opaque for an industry that is
supposedly built on open source software and the notion of complete transparency through
public blockchain ledgers. One of the best examples is that of opaque listing requirements for a
cryptocurrency. Teams of those cryptocurrencies applying to get their token or coin listed on an
exchange, usually do not know what the costs are going to be and, more importantly, the
fundamental requirements.
Another example is that of simply finding out who runs or owns the exchange in question. Who
is the ultimate beneficial owner (UBO) of the exchange? Who runs exchange? Where is the
exchange located and do they even have proper offices?
To combat these issues, EUCX has the following base rule regarding transparency:
All publicly available information must at all times be easily obtainable through the official
website of EUCX.
Fiat on-ramp
Looking at on-ramp exchanges (i.e. exchanges that allow a user to exchange fiat currency for
cryptocurrencies), there are only a handful of reliable and trustworthy exchanges. And none of
them are originally from Europe.
In an attempt to further disrupt the stale cryptocurrency industry, EUCX will start the
development of a fiat on-ramp on the condition that the hard cap of the Token Sale is reached
and/or other means of funding allow the team to create or obtain enough liquidity in order to
properly run an on-ramp.
Creating a fiat on-ramp with sufficient liquidity is a challenge in this day and age. Without the
proper amount of liquidity, the risk increases that users are forced to wait for their funds to
become available to them. That is simply unacceptable. Hence, the requirement that the Token
Sale hard cap is reached and/or sufficient liquidity is available in one form or another.

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