ONEXBIT PLATFORM: CREATING A TRADING TERMINAL FOR PROPER TRADING AND EXCHANGING OF CRYPTO ASSETS.
Bitcoin was developed as the first ever known digital form of currency with the concept of revolutionising the traditional way of carrying out transactions. It first ever used as a form of money or used as a payment method 10years ago when it was used to pay for a pizza. Actually, 10,000 bitcoin was used to purchase the said pizza but fast forward to the current day society, bitcoin has basically made it to the top leading other forms of crytocurrencies. Years back, cryptocurrency lagged back in terms of serving as a payment method because it lacked the necessary tools as well as models like a marketplace where it can be traded.
With the blockchain technology system, platforms where developed to facilitate the trading or exchanging of crypto assets thus playing a major role in it's global adoption. However the current exchange system is still not effective or efficient cause it is faced with certain setbacks which therefore are hindering the full scalability of the crypto asset exchange systems. Some of the issues faced by the current crypto assets exchange system includes;
I. CENTRALISED ISSUE:
Despite the fact that blockchain technology system on which crypto assets are developed runs on a decentralised setting, some exchange platforms on this same blockchain technology system have a centralised structure on which they store the data of the clients thus making the exchange system prone to cyber attack because it compiles information or data at a given point. Other problems which this centralization brings about includes: manipulation of data internally with large investors to maximise profit
II. USABILITY ISSUE: This basically encompases the shortcomings experienced while trying to navigate through the exchange platforms which can come in form of:
a. A bad exchange interface system.
b. A poor exchange functionality interface
Certain platforms who indulge in crypto asset exchange have a very bad interface which are clumsy and hard for users to navigate especially novice. Also some of the exchange platforms have interface systems that are usually overloaded due to incorporation of features that are not necessary
ONEXBIT
Onexbit platform aims to create a platform that will offer full and scalable exchange platform which will in return facilitate the proper and efficient and effective platform for the trading or exchanging of crypto assets by launching a trading terminal that will address all the issues faced by the current crypto asset exchanging system. It is also important to note that the trading terminal said to be launched by the onexbit platform will not phase out the issues pertaining to the structural setting of crypto asset exchanges but the platform will however aid it's platform traders to conserve time and efforts by diversifying their risks.
Also with an API integration, the onexbit platform will make it possible for their traders to open as well as close deals on dozens or numerous number of exchanges with little or nothing to lose in case one of the exchanges is attacked. It will also facilitate the trading of assets within a single specific user friendly interface that is created using the latest UI/UX trend. Also with the API model, it will offer another advantage of protecting assets from theft since it does not facilitate fund withdrawal even with the use of API keys and thus hackers cannot take control of users funds or account.
BENEFITS OF USING ONEXBIT FOR TRADERS.
I. Will incorporate multiple exchange systems within a single interface.
II. Will incorporate the registration of unlimited number of accounts.
III. It will initiate and carry out or execute orders at a tremendous speed without even necessitating the need for the use of a browser.
IV. All important data or information is stored properly and locally in the user's computer base.
V. It will ensure stability by ensuring that the app will process orders in a smooth manner even in the case of high volatility and market crises.
ONEX PLATFORM TOKEN
The official token to be used by the Onexbit platform will have a total supply of 100 000 000 and will serve as a utility token that will pilot all the affairs of the platform on transaction basis.
TO KNOW MORE ABOUT THE ONEEXBIT PLATFORM
Telegram: https://t.me/oneexbit
Website: https://oneexbit.com/?utm_source=bitcointalk
Twitter: https://twitter.com/Oneexbit1
Discord: https://discord.gg/sDcxPMt
Facebook: https://www.facebook.com/onex.bit.5
Writer’s Bitcointalk Username: Mantaya028
Writer’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2550188