AXNET: THE ONE OF ITS KIND CRYPTOCURRENCY EXCHANGE

achuks (6)in #exchange • 6 years ago

Exchanging cryptocurrency means trading the cryptocurrency for another cryptocurrency or for fiat. Cryptocurrency exchange is a platform which however creates an avenue for users or crypto enthusiasts to trade or exchange their digital assets for other cryptocurrencies or the cryptocurrency equivalent in fiat currency. Here also, users have the option of also either accepting payments for their cryptocurrencies equivalent through credit cards or directly to their wallet address that is if they want fiat or cryptocurrencies respectively.
Also a recent survey carried out recorded a tremendous rise in the cryptocurrency market globally with market value rising to about $200 billion and the daily exchange to about $5 billion and at the top of the chart is no other than the first digital money to be developed using the blockchain technology system which is no other than Bitcoin. With these recorded growths, there is also a daily influx of newly developed cryptocurrencies which also keeps pushing up the global market value. But despite all these, there are challenges facing the system and eradicating these challenges is, however, the main priority of a platform which promises to revolutionize the cryptocurrency exchange system and it is no order than the AXNET CRYPTOCURRENCY EXCHANGE.

THE AXNET PLATFORM

Ever imagine a more efficient and effective platform with all the problems faced in the current cryptocurrency exchange system rendered void? Sounds great right well all these and more is what the AXNET platform promises to offer. AXNET platform is a platform to offer a fully scalable and more profitable cryptocurrency exchange system free of all the challenges facing the current system and to achieve this, the system is said to run on a hybrid kind of model that is to say that the platform will incorporate both a decentralized and centralized model feature in the same platform whereby users have the option of choosing which model or feature they want to use.

AXNET AND THE CHALLENGES IN THE CURRENT CRYPTOCURRENCY EXCHANGES

As earlier said current cryptocurrency exchange systems are faced with several challenges and AXNET is on the verge of addressing them well, the challenges and how AXNET focuses on addressing them is explained thus:

A. Issue Of Compromised Security
Well, it is however known that assurance of guaranteed security of users data on any platform is what users look out for. The current exchange system is however compromised when it comes to issuing of security with reports of cyber attack being reported but with AXNET no such thing will happen because AXNET aims at employing the services of developers well grounded in security detailing and will, therefore, task them to develop a platform with tight and rigid security firewalls.

B. Issue Of Design Model
Many platforms that facilitate exchanging of cryptocurrencies employ the services of inexperienced developers and they end up using the simplest of a model in designing the platform and by that the platform is susceptible to cyber attacks because it will reach a time whereby it cannot hold all the traffics accumulating. But AXNET will employ services of well grounded and well-experienced software developers with the task of building a platform with a top-notch model design.

C. Poor Assisting Or Customer Care Services
Certain exchange platform of cryptocurrencies is too tedious and complex that it only favours those who already know the in and out of cryptocurrencies and blockchain and therefore new users find it very difficult to use the platform but AXNET promises to fix this by creating a user friendly platform and at the same time will employ the services of customer care agents whose main purpose will be to help or assist users in any way possible and they will work on 24/7 basis.

MERITS OF USING THE AXNET PLATFORM

It offers financial stability.
It operates with a high-performance engine
It allows or supports multiple currencies.
It has an effective and efficient customer service.
It has solid liquidity system.
Charges low fee on withdrawal, trading and margin.
Offers fiat based exchange.
Provides ICO incubator for upcoming blockchain projects.

CONCLUSION

Platform Token
The Axnet platform token will be ERC20 compatible and it will be kept constant at 500 million in total supply after a buyback programme from an initial 1billion in supply. And it will serve as the main medium of exchange on d platform.

AXNET will be a cryptocurrency exchange with great features built in such a way that users will feel comfortable trading on the platform.