Hello there! I'm going to present to you a great project which offers us a hybrid exchange with a great feature like users can have their wallets insured against cyber attacks and hacks. This is probably the very first time an exchange coming up with this idea. This way their users, traders can feel secured while trade their crypto assets with fiat currency and also cryptocurrency. This project is called CGCX (Califin Global Crypto Exchange) which is from Singapore!
Let's cut the chase! What is CGCX in reality?
Califin Global Crypto Exchange provides not just a revealing hybrid cryptocurrency exchange but also a platform where great features like Crypto Exchange, ICO Listing, Merchant Solutions and Smart Contracts are going to be available onece the platform goes live. As from reading their whitepaper I sense they take a bit of pride for their advanced UI where they have outlined that the user interface is really easy to understand, they want traders to trade on their robust platform which will provide very fast live set of current market data! One of the main things that a trader look into an exchange is - they look out for high volume exchange where the exchange is capable of handling high loads and depositing, withdrawing doesn't take much time. CGCX offers exactly that. The team is trying to provide a trading platform that is suitable for everyone, from a newbie to the pro!
CGCX is of course powered by blockchain technology. According to the official whitepaper, there are a few ground-breaking services that CGCX will offer to its users:
CGCX's 27/7 service: CGCX will provide 24/7 trading platform with flexible security and support architecture around clock trading and also a 24/7 customer service. The CGCX platform can also support real-time commercial real estate seamlessly across all financial instruments. It will allow rapid, continuous replenishment of digital money, individual assets and national currencies.
Intelligent Contract: CGCX facilitates the creation and digitization of certain assets such as trade agreements and banking instruments. This improves turnaround time with low transaction costs. This allows transactions and automated transactions based on predefined conditions, which will trigger the execution of these smart contracts themselves. All transactional assets can be represented via digital token and public transactions that can be used in these smart contracts, subject to regulatory requirements.
Merchant Tools: Merchants who wish to accept cryptocurrency can now do so simply and easily; with the CGCX Merchant payment system, companies, blockchain based products and various e-commerce sites can use the CGCX plugin or API which contains features such as:
• Multi-Currency Conversion
• Integrated exchange rates
• Know your customer or Anti-money laundering (KYC/AML)
• Reports & Analytics
Dealer solution: A seller can start accepting payments electronically (CGCX token, Bitcoin and Ethereum) in minutes by plugging in the payment gateway or installing the CGCX Point application. -of-Sale (Web-based and Mobile-Application) and benefit from lower transaction fees and broader reach.
Crypto-to-crypto & Fiat-to-crypto Exchange: This is a 24/7 cryptocurrency hybrid exchange offering a broad and growing range of cryptocurrencies, fiats and other assets. The exchange has multiple and competitive fiats to cryptocurrency exchange rates, which include: Euro, US Dollar, Korean Won, Singapore Dollar and in future there wil be more!
ICO Platform: The CGCX community or users will be in control of which ICOs are listed on the platform. The platform will be giving their users a voting opportunity so that their vote can decide which ICO projects are going to be listed on CGCX platform. The Alternative Electron Money Order Program is a monthly process led by CGCX's pre-IPO team and external audit firm. They will identify alternative electronic funds that are feasible to be listed on the exchange. Then, users will be able to use the CGCX token to vote for their preferred alternate e-currency listed on the CGCX exchange platform. This voting program ensures that only legitimate projects are able to appreciate the new electronic money filtered into the exchange. With more ICOs taking place and more alternative electronic money being developed, this program aims to protect traders from potentially devalued or fraudulent projects. So, this is another great service which will eventually make CGCX platform an ICO launchpad for new projects or cryptocurrencies!
Smart Contracts: Smart contracts will be the fourth module in the CGCX platform that brings speed and cost-effectiveness to all trades that occur on the platform. Self-executable trades and settlements trigger once the conditions of the contract are met, speeding up turnaround times and saving money. The CGCX exchange is also insured against cyber attacks; all tokens held within wallet son the exchange are protected, relieving CGCX wallet owners of concerns regarding how their cryptocurrencies are stored.
Something about this awesome team who are behind this project:
The CGCX team consists mainly of Asians. These people know what they are trying to imply on blockchain and in cryptocurrency market. Most of the team members have a very good experience in technology, trading and business marketing sectors where people like Don Asok who is a CTO of CGCX - is a Specialist in Big Data eco-system strategy, collaboration, and implementation. He has experience of working with Dell. Their CEO Anandh Swami who is a technocrat and veteran fund manager specialized in technical analysis with more than 25 years of experience in markets! Their Advisors are also some of the leading advisers in cryptocurrency world like Vin Menon, Leonard Tan!
It is only natural to worry a bit when we deposit our tokens/coins on an exchange but those who are worried about cybersecurity to purchase their coins or crypto-asset or larger institutional investors who seek to trade larger than average can feel a bit secured on CGCX platform as the team's introducing insured wallet for each user will certainly be a game changer! The team has developed mobile apps for this platform which will also benefit the users.
The platform has its own utility token for the whole ecosystem which is called CGX, based on Ethereum blockchain's special ERC20 compliant token. There are 1 Billion CGCX tokens available for ICO, which is exactly 50% of the total volume of 2 Billion CGX.
Token Information:
Token: CGX
Platform: Ethereum
Type: ERC20
PreICO Price: 1 ETH = 8,500 CGX
Price: 1 ETH = 8,500 CGX
Softcover: 5,000,000 USD
Hardcover: 1,000,000,000 CGX
Tokens for sale: 1,000,000,000
Conclusion:
This project looks like a great from all the aspects in crypto world. The team is with a broad experience with a huge target to capitalize users demand, and they are also very transparent. This project has already attracted a huge number of people in their community. A team can thrive further to their initial target s and beyond if they have a powerful community which is the case for CGCX. CGCX aims to provide a continuous service to its end users in the field of blockchain solutions with its secure, simple and stable exchange. CGCX exchange's beta version is already up and running, so you can check out the exchange right now!
For more information, you can visit CGCX's official site and read their whitepaper., learn about the team. The links can be found below:
Website : https://www.cgcx.io
Whitepaper : https://cgcx.io/docs/Whitepaper.pdf
Lightpaper : https://www.cgcx.io/wp-content/uploads/2018/04/23-april-2018-CGCX-Lightpaper-new.pdf
Facebook : https://www.facebook.com/CGCXofficial/
Telegram : https://web.telegram.org/#/im?p=@CGCXofficial
Twitter : https://twitter.com/CGCXofficial
ANN THREAD : https://bitcointalk.org/index.php?topic=3360185.0
Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1215448
Author's Linkedin Profile: https://www.linkedin.com/in/invincible49
Very Good article!
Thank you mate for your feedback!