AXNET-ICO Review

nevashno (27)in #ico • 8 years ago

Exchange platform is very important in crypto ecosystem. It is one of the core driver of cryptoeconomy and without it the value of any coin or token cannot be determined. We have seen how crypto assets grew into multi billion dollars assets with daily trading on both centralized and decentralized exchanges in billions and some of these are exchanges reaching $100 million in daily exchange volume and have continuously maintained this growth.

In contrast to the wild successes experienced in the past year, hundreds of thousands of consumers had terrible experiences through many cryptocurrency exchanges. From Bittrex locking accounts for months, to Coinbase frequently crashing and losing wire transfers, to Binance prohibiting new users from creating accounts, to Coincheck and Bithumb being hacked, most users of these platforms have experienced dilemmas at one time or another. Fortunately for consumers, AXNET is a next generation solution to the existing, archaic exchanges that plague its users with issue after issue.

Though the daily volume of some of these exchanges continue to increase but their are a lot of challenges traders face in using them. The two type of exchange which are centralized and decentralized exchange are not completely free from all these challenges but a complete solution is on the way with AXNET complete hybrid exchange that will solve the challenges facing both type of crypto exchanging platform.

AXNET team created a complete hybrid exchange which will make crypto trading more easy and less riskier. AXNET is a Licensed & Regulated Exchange which is easy to use, highly efficient with adequate security and counter-hacking properties.

AXNET team are not new to the game, they have a needed experience in building and managing world class financial system that shapes the economy. They understand fully how exchange systems works and they planned to build this with all the needed details from the scratch.

AXNET ADVANTAGES

HYBRID EXCHANGE- AXNET platform will allows users to make use of both decentralized and centralized exchange services with one account, with just a flip of a switch. This kind of service is not available in other exchanges.

HIGH PERFORMANCE TRADING ENGINE- AXNET trading system uses a hardware-accelerated and highly-efficient memory matching engine that is capable of sustaining two million order making/second and one million order processing/second. These features will guarantee zero delay or lag out throughout the whole order execution process and makes AXNET one of the fastest exchanges in the market today.

WALLET- The AXNET trading platform embraces universal cryptocurrency exchange with rechargeable addresses. This enables users to use their own wallets in the decentralized interface, which enables peer-to-peer transaction.

AXNET CORE FEATURES

AXNET LABS- An ICO incubator will be built into AXNET exchange which will allow strategic partnerships and opportunities to run ICO through AXNET platform. All regulatory, compliance, due diligence and escrow service will be done by AXNET team and the ICO will get priority listing on AXNET.

FIAT BASED SERVICES- Traders will be able to trade major cryptocurrencies and all supported tokens with fiat pairing to give a full comprehensive fiat service via bank wires or SEPA transfer.

EOS DECENTRALIZED EXCHANGE- AXNET will support EOS blockchain by creating a decentralized exchange for EOS and EOS based tokens.

AXNET TOKEN(AXN) AND ICO DETAILS

The AXNET (AXN) is the token accepted on AXNET network. It is an ERC20 compliance token on Ethereum Blockchain Therefore, it supports all ERC20 compliance Ethereum wallets. The AXN token has a total supply of one billion tokens, and is expected to stay at 500 million tokens after a buy-back disposal.

Token Symbol: AXN
Token Sale Date: Present – 09/01/18
Accepted Payment Method: BTC, ETH, LTC, ETC, BCH, EOS, XLM, ADA, ZEC, XMR
Total Supply: 1 Billion
Token Standard: ERC20

CRYPTO CURRENCY EXCHANGE

There are several cryptocurrency exchangers out there today, with over a million dollars trading volume on each of these exchanges. However, not all of these exchanges can offer its users the asset security they need. This is why AXNET is coming up with its own unique exchange features to protect users assets while they trade in peace, AXNET will be offering its users a reliable exchange platform.

Here are some of the problems facing today exchange platforms as identified by AXNET

POOR TECHNICAL ARCHITECTURE:

According to AXNET, today crypto exchanges lack good architecture most of the exchanges are built by developers who don't know how the crypto financial market works, they use the simplest approach which on the long run won't be a lasting solution. The AXNET team is said to be experienced with a proven record of success.

INSECURE PLATFORM:

Insecurity is one of the major problems facing today crypto exchanges.

POOR LIQUIDITY:

Most crypto exchanges today lack liquidity which makes it hard for traders to exit the market with good profit.

POOR CUSTOMER SERVICE:

Most exchanges don't deliver the best service when it comes to customers service, some either reply late or they don't reply at all leaving you to figure it out the answer your self which in the process you might lose your funds.

NO FIAT BASES:

Most exchanges do not trade against fiat currencies directly which most often inconvenience its users.

CENTRALIZED OR DECENTRALIZED:

Most exchanges focus on one of these business models which limit traders from the vast trading options as the former (centralized exchanges) tends to have more trading pairs compared to decentralized.

The AXNET solution

The AXNET exchange platform is built to high standards, audited and tested for its security, it will offer its users the opportunity to trade crypto for fiat and vice verse, it is operating on centralized and decentralized systems.

AXNET Exchange

The AXNET exchange will feature:

Centralized exchange: Where treaders can trade cryptocurrencies for major fiat currencies like USD, EUR, GBP. Axnet will enable margin trading on this exchange.
Decentralized exchange: It is built off the ethereum network, Axnet use a Hybrid-mechanism where they used an off-chain settlement system, with this system users can have control of their funds.
EOS Decentralized exchange: With the deportation of the EOS mainnet, Axnet will support EOS based Tokens in the future.
Fiat based services: Users can trade fiat currencies on the Axnet exchange.
Axnet labs: Axnet will run an ICO incubator on it exchange that will enable its partners run its ICO through Axnet. They will handle the escrow work, regulatory and compliance.
Trade mining: Axnet will distribute 70% of its AXN tokens to the exchange users for free based on their trade volume.

AXNET Token

AXNET Wil incentivize users who hold the AXN tokens in their wallets with bouns up to 50% of the total trading fees realized on the exchanges. The token sale is on and can be purchased HERE