Exchase a Fintech project born during the Pandemic

chronicle1993 (39)in #fintech • 4 years ago

Before we get to the point of discussion we'll think a little bit about what's happened over the years. in 2020 we are shocked by Covid19, many things changed because of this tragedy. everything is changing, the global economy is shaken by the pandemic that hit so suddenly. The financial industry is sick. All countries are in severe crisis. but this year crypto is in a transitional period. like seeing a fresh wind from an existing crisis, crypto like a lifesaver in the middle of a storm. if you ask everyone in the world, about what is still making a profit, most of them will answer crypto.

And because of the Pandemic people are looking for ways to stay afloat especially in the financial industry. And that's why Fintech became popular. Before the pandemic happens Fintech has less in demand because people are already too comfortable with the existing system, but when they can not access it. Fintech is the answer they can find. All based online and this can be used without having to leave the house. And slowly Fintech began to adopt Blockchain. and crypto changed the world if previously crypto was seen as a high-risk investment. but now rated as the technology for the future. during pandemics, crypto succeeds in getting people interested in its technology. Transparent, secure, and reliable. when they developing Fintech, Decentralization of Finance (Defi) is born. when the current financial system was fragile in the face of pandemic problems, Defi became popular. and thanks to it everyone in the world can still access banking services. Many people are interested in borrowing money on the Defi platform. and some people transfer their assets to the defi platform because it is very profitable. And now Defi is like a new force.

After Defi, there is a considerable event, especially for the crypto world. halving bitcoin, a recurring 4-year cycle. an important event for the future of crypto especially bitcoin. many people welcomed. The crypto market is starting to get excited again after halving bitcoin. and the awaited finally came, the release of the Ethereum Network 2.0. this adds to the passion for the crypto market. Eth 2.0 is like the last puzzle piece for the Bullrun trend.

And here we are now, at the end of 2020. An important year for the cryptocurrency world. just like Bullrun in 2017, this year many new projects were released. and one of them is Exchase a Fintech platform created on the blockchain network. this project is an improvement on fintech at this time. Their business targets are fans and crypto communities all over the world. their service can be enjoyed by everyone.

Exchase offers trading platforms (forex and crypto), payment systems and instant payment services, social trading (PAMM accounts), exchanges, including decentralized exchange (DEX), and binary options trading services. all of these are available in one innovative platform. with a user interface that is easy to understand by beginners even makes it more comfortable.

And according to their roadmap, after their platform operates, each user will get a debit card that can be used to pay for goods or services using Fiat and crypto. Each debit card will get a limit like a credit card in general and there are many more benefits for debit holders in the future, all of it will increase in line with the development of the exchase platform.

Just like fintech companies on exchase generally provide solutions to make it easier for everyone with the main target crypto community. they see the current problem is the security of funds and personal data. It seems that in the era of digitization there is no place that is safe be but under our beds. Wherever you keep it there will be potential for hacking. and Exchase understands that, which is why they will periodically conduct due diligence and update the platform whenever there is a bug or potential hack. not only that, for those who are still in doubt, they also offer decentralized trade. Exchase also has a DEX service to make it easier for users who want to sell their tokens/coins but are skeptical about the security of their platform. so their platforms offer Fiat-to-crypto, Crypto-to-crypto, or Fiat-to-Fiat trading.

now they have just completed the early stages of platform building and implementing basic functions. therefore users can not use all services. but all of them will be released gradually. all that is done to ensure that their platform is viable to use.

Here are some of the uniqueness of the Exchase project

Legal services
Exchase intends to carry out its activities in full compliance with applicable laws and regulations and obtain the necessary licenses and permits to conduct legal activities.

Secure asset storage
A special place in the project is provided for the security of funds and personal data of platform users. Project developers use modern encryption and protection methods against asset theft from user wallets.

Working finished products
We have launched a cryptocurrency exchange based on the B-book. Model A-Book model, social trading, P2P, and OTC transactions are in the final stages of development and testing. A new product launch is planned in 2021.

Unified ecosystem
These platforms combine cryptocurrency exchanges, wallets for storing crypto assets, binary options, social trading, and money transfer systems.All of these are available on one account.

Modern development group
The exchawe team consists of young and ambitious developers. The platform is written in .NET Core 3.1 and React. The native mobile apps for iOS (Swift) and Android (Java).

EXSE Tokens
Token EXSE of the Exchase platform is limited to the issue of 200 million coins. There will be no additional token emissions. Token generated by the platform when users use it to reduce costs will be burned.

Speaking of EXSE tokens, these tokens are created on the ethereum network (ERC-20) with a max supply of 200 million EXSE tokens. this token will then be used to pay fees that are on the Exchase platform or can also be used as an investment.

Exchase also has a fund loan service with a crypto guarantee, this service will be able to be used in the next year. I haven't gotten any detailed information on this yet, so I can't explain what crypto can be guaranteed and how much interest is applied. if you want to know, you can ask the development team directly in their telegram group. I'll give them their group link below.

back to the exchase project discussion. do you think this project deserves to be called a good Fintech? For me Exchase is not too bad, with the services they have, it's a good thing for the beginning of platform development. if you have a different opinion you can comment below. I'm very open to the opinions given to me. And we will have a discussion together to discuss this project. for those of you who want to get to know more closely about this project you can visit the link below in