Xcrypt to redefine digital exchange platform through introduction of hybrid semi decentralized trading platform
Development of blockchain based projects has seen a lot of idea on how the technology can be used to solve problem facing by the people at large. One of such project s is the digital trading platform which has become one major area that focuses on trading of cryptocurrencies and also provides support for withdrawal of fiat currencies into bank account. Despite huge growth in cryptocurrency market capitalization, many existing digital trading platforms have not been able to satisfy the need of the traders and this has led to consistent search for more trading platform that suit the demand of the traders.
Xcrypt is one major project that has focus on developing a digital trading platform by combining both the decentralized and centralized nature of trading platform in order to deliver the best crypto trading platform. History has shown that crypto traders are much drawn into using a particular trading platform due to some characteristics which include but not limited to low transaction fee, high liquidity, friendly trading interphase etc.
Generally, there are two core types of cryptocurrency trading platform based on platform control. The centralized platform and also decentralized platform. This two platform are differ base on resources and asset control. In a centralized trading platform, users do not have total control of their account. Their entire private keys are store in their wallet and sometime can be access by the third party. In a decentralized exchange platform, users have control over their private key. Popular exchange platform such as Binance, Kucoin, Stex, Okex are centralized while some common decentralized (DEX) platform include the Etherdelta, Forkdelta etc.
Why Xcrypt?
For many people that have the understanding about the principle behind digital exchange platform will be wondering why xcrypt even though there are many exchange platform available today on the internet. Xcrypt is more than just an exchange platform but an ecosystem that combine both the dual function of crypto exchange and social media. Xcrypt is a complete hybrid and semi decentralized platform that will offer multiplicities of functions for effective trading. Xcrypt will consist of two major platforms which include the CEX (Centralized Exchange Platform) and DEX (Decentralized Exchange Platform).
Important Features that will make Xcrypt Platform Unique
Below are some of the key factors that Xcrypt platform will focus on improving in order to make the platform stand-out
Security
We all understand how important the security in any exchange platform. The recent Binance hack is still fresh in our memory and it give more reasons why this should be the number one goal of any exchange platform because any exchange platform with no security measure is like a house without door. Xcrypt platform will use Crypto Currency Security Standard (CCSS) which will help secure all the information within the ecosystem. Also all data available on the platform will be transmitted through TLS (Transport Layer Security) connections. Users will also be able to make use of 2FA authenticator to provide second layer of security in case a third party is trying to gain access without the wallet owner consent.
Also, more than 90% of the total token available on the platform will be store in a cold wallet and all private key will be encrypted with AES-256Zero trading fee
Xcrypt will offer relatively zero trading feeFiat and crypto storage
Users will be able to store and withdraw fiat currencies on the Xcrypt platform and also will be able to trade them. Xcrypt will also provide debit card for easy withdrawal of fund. Other benefits include but not limited to custom design bot for trading, both ERC 20 and ERC 721 compliance functions on the same platform, airdrop ranking system and Membership profiling. For further detail about Xcrypt, kindly visit any of the following links provided below
https://www.xcrypt.club/
https://www.xcrypt.club/xCrypt-Whitepaper.pdf
https://www.facebook.com/xcryptclub/
https://twitter.com/xcryptclub
https://www.instagram.com/xcryptclub/
https://t.me/xcryptclub
https://bitcointalk.org/index.php?topic=4993175.0
This Article is written by
Thesmallgod
https://bitcointalk.org/index.php?action=profile;u=1104932
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