OnePageX: Single and Simple Webpage Cryptocurrency Exchange For Faster Trading and Transaction
Introduction
Cryptocurrency is one big word that has scared too many away from adopting the decentralized payment system, the entire ecosystem is getting filled up with several tokens that are created to run on different blockchains. Ever since bitcoin paved the way, lot of coins has been created, new and improved blockchains has been built. Crytocurrency can survive on the following concepts;
- security
- value and
- liquidity
When the first two are satisfied, there has to be liquidity. Users must be able to exchange their digital asset with ease and without wasting time. The problem with most exchanges is centralization, users are required to register in order to buy and sell. KYC (Know Your Customers) is mandatory in top cryptocurrency exchanges like Bittrex, Binance and Poloniex, without it, users fund get locked up without any means to withdraw it. In a country where cryptocurrency trading is illegal, such exchange increases vulnerability of users who are citizens of such countries. People want to trade anonymously, now where can they gain this freedom? There has to be a solution to these problems, it is OnePageX.
What Is OnePageX?
OnePageX is a decentralized platform that allow users to exchange many digital assets on a single webpage. They are not required to leave their private keys on the exchange, neither will the exchange save their keys. There is no point looking for trading pair, single asset is paired against over 150 other assets!
On traditional exchange traders would have to convert asset to popular pairs before it can be exchanged for desired pair. This is a big problem that force traders to pay exchange commission per transaction. OnePageX has solved this problem once and for all. This is going to be the exchange with highest pair per asset! It means that one asset can be exchange for all assets on OnePageX in a cyclic manner.
It Is Important To Have A Wide Selection of Cryptocurrencies
Life's good when there are many options to choose from.
Money is a means of exchange, and it is important that people are able to convert from one currency to the other, this is what will improve ease of trade and create stable economy on the global scale. If you cannot exchange steem for all kinds of money, what is the essence of steem as digital form of currency? It is of no use.
The knowledge that a cryptocurrency can be exchanged for infinite number of other cryptocurrencies build trading volume on the exchange. With over 150 cryptocurrencies on OnePageX, users will increase geometrically.
Ability to Perform Multiple Exchange From One Page
The core value of OnePageX is simplicity and appealing user interface that allow even a dummy to use the exchange for all kinds of transaction. The world is moving and simple to use technology are the sexiest and most adopted ones. About two decades ago, Nokia phones dominated the entire African market due to ease-of-use. The benefit of being able to perform multiple exchange from one page are;
- it saves time
- it saves data
- it is easy and
- it is attractive to new cryptocurrency adopters
Imagine the convenience that blocktrades brought to entire Steemit users, it made life so easy for steemians with respect to trading steem/SBD to other popular assets. But OnePageX will be better due to the fact that it will allow steem to be exchanged for over 150 other cryptocurrencies and vice versa, this will provide more liquidity for steem.
How Low Number of Available Assets Stack Up Against Other Exchanges
The more assets that exist on an exchange, the more it will attract more users.
Imagine that @autofreak want to buy Dalc as a result of news that hardfork will occur, in order to position himself for the 1:1 split, he decided to sell his steem for Dalc so he can get XDalc after the fork. Having gotten to Bluetrades, he discovered that there is no Dalc on the exchange, therefore @autofreak will have to consider exchanges where Dalc is trading. Without mincing words, Bluetrades has missed the opportunity of doing business with @autofreak due to lack of many digital assets.
No Registration/SignUp Is A Great Competitive Advantage For OnePageX
One of the greatest turn offs in cryptocurrency ecosystem is the fact that traders and investors are required to own many accounts on different exchanges, they have to keep track of the following;
- Username and Password
- 2FA (Two Factor Authentication)
- Secret Keys for API services
Any exchange that allow users to trade without any of the above has been able to destroy any form of competition, OnePageX has created blue ocean where competition will be irrelevant.
Project Review
Link to Tweet
https://twitter.com/CoinLee_/status/1055105413585272832?s=20
For More Information
Join OnePageX telegram channel, read about them on medium and checkout the exchange
onepagex2018
This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
There is also a bonus CateredContent Event to earn additional Steem!
You can also follow @contestbot to be notified of future contests!