INTRODUCTION
Technology has rightly cemented it's place in the world today. Over the years people has sought for easier, faster and more efficient way to do things, and have had to resolve to technologies to quench their insatiable desire to derive comfort in all ramifications of life.
In 2004, cryptocurrency was launched- THE BITCOIN as a solution to the failing world economy at that time. It fostered peer-to-peer exchanges that were decentralised, independent of any authority or governmental interference.
Almost 10years since its introduction, cryptocurrencies have taken the world by a storm, every Tom, Dick and Harry is jumping at the possibility of investing in this profit-producing venture.
Cryptocurrencies have attained massive feats in so little time, sustaining the prospects of totally replacing the traditional banking system. With Bitcoin leading the charge of going mainstream and becoming generally acceptable, it has encouraged the emergence of numerous token and other cryptocurrencies.
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Whilst this is good for the cryptocurrency market as it rids monopoly, fosters competition and grants users a wide range of options it has also confused new users and deterred them from being a part of the cryptocurrency market due to the increased technological know-how it demands.
THE PROBLEM
Cryptocurrency is a highly technical topic, whose fundamentals and applications are understood by very few people. Entry to the market possess a high barrier, demanding thorough research and comprehension of the method, which have warded-off new users from joining for fear of losing their finances.
The Problem of Cryptocurrency Exchange Markets
Be it fiat to cryptocurrency exchanges or crypto-to-crypto exchanges. Whatever the case may be, Exchange markets are the doorway or point of entry into the cryptocurrency ecosystem.
Whilst this is true, most of the exchange platforms are limited: in that they have specific trading pairs. Limiting the options of the users to access a wide range of other profiting tokens or cryptocurrencies.
Furthermore, these exchange markets have KYC requirements, which are demanded to gather information of users before any transaction is initiated.
Exchanges that involve crypto-to-crypto usually involve complex processes and heavy transaction fees. Some of them take place in a peer-to-peer market place that has no guarantee for theft and scam, and has resulted in the loss of huge sum of digital assets.
In a nutshell, the inconsistency of the existing exchange markets are:
Complex Processes
High Transaction Fees
No Anonymity of Users
The Solution: OnePageX
OnePageX stands for One Page Exchange
OnePageX is a decentralized cryptocurrency to cryptocurrency convert and exchange platform that allows users to transact (convert and exchange) digital assets on a SINGLE WEBPAGE
OnePageX is strategically designed to guarantee simplified exchanges in an environment that is user-friendly, such that even a newbie can employ it's platform maximally without stress and guidance.
OnePageX main goal is to encourage the easy conversion of cryptocurrencies and enhance easier interoperability of cryptocurrencies and tokens.
How to trade on OnePageX
Trading on the OnePageX platform requires only 3 simple steps:
- Choose assets to convert, from a list already on the platform
- Enter a Withdrawal address
- Click on Start Exchange
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Once this is done, deposit is to be made to the deposit address displayed
Once deposit is made, you must await two automatic confirmations
Once confirmations are done, the transaction proceeds to "withdrawal pending "
This is the final stage of the transaction. where all is completed and digital assets released
FEATURES OF OnePageX
Wide Options of Cryptocurrency.
Unlike other exchange platforms, whose main limitation is that they are restricted to specific trading pairs: and as such users are limited in their choice and cannot trade their desired cryptocurrency.
OnePageX grants users the options of choosing from a range of over 140 cryptocurrencies. This list of cryptocurrencies are subject to further addition, as OnePageX updates it's platform as new cryptocurrencies come to fore.
No Registration required
One of the utmost desires of crypto-traders is to remain anonymous. However,exchange markets
demand the personal information of traders and investors.
With different trading pairs available of different exchange platforms, investors and traders are compelled to own many accounts on different trading platforms and this comes with varying constraints:
Keeping record of log-in details
Providing private keys
With OnePageX traders and investors can transact without bothering about registration and as thus can keep their identity secret.
This would help to Protect users information from third parties and Eliminate discrimination and unfair practices
However, the Big question is how does OnePageX help traders to keep track of their transactions without an account
At the start of every transaction on the OnePageX platform, a unique URL is generated, which is to be copied by the trader and pasted whenever he pleases to check the status of the transaction.
Multiple Transactions
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OnePageX has a simple User Interface, that aids users to find the right price for their exchange and goes through the conversion process too.
All the user is required to do is select the cryptocurrency he wishes to exchange, provide his wallet address and click start exchange. OnePageX goes through the whole process in no-time.
Users can initiate multiple transactions and keep track of all of them. All transactions are represented on a card right on the single webpage.
Each card represents and displays a single transaction and indicates the proceedings.
Risk Mitigation
With the constant fluctuation in the market prices of cryptocurrencies, it is always a 50-50 situation during exchanges for crypto-traders.
However, with OnePageX the risk involved is reduced to the barerest minimum; with just one click, OnePageX helps traders and investors to exchange at the right time when the fluctuation in prices is favourable.
Fast Transaction
When pitted against other exchange platforms OnePageX offers faster transactions. All transactions are almost instantaneous on the OnePageX platform, however due to the interoperability of crypto-platforms, it takes about 25minutes to conclude deposits and proceeds on those platforms.
However, as soon as this is confirmed, the transaction proceeds in no time.
Low Transaction fees.
It has been a huge burden on cryto-traders to always incur the expenses of transaction fees during exchanges and always these fees are very high.
However, with OnePageX 0.5% is charged on all transactions alongside a minute network fee which is considerably low when compared to that of other exchanges.
Theft Free.
On exchange platforms, users are expected to provide very sensitive information which can be used to hack and steal users digital assets If they get into wrong hands. Furthermore, these exchange platforms require users to deposit digital assets on their platform before exchange is done.
However, with OnePageX the case is different, no user information is required and users do not need to deposit any of their asset on the platform.
All that is required when it gets to this point of the transaction is for the user to provide his wallet address and make transfer to deposit address provided on the OnePageX platform.
THE UNIQUE ONEBOX WIDGET
OnePageX is not limited to their website alone; this it does by allowing other site owners to host it's exchange via its widget known as the Onebox, which can be incorporated by copying-and-pasting the code snippet to the website.
The Onebox widget operates like OnePageX itself. It has been strategically crafted to be integrated on other websites and allows the webpage to host the same benefits of the OnePageX platform on their website.
Conclusion
OnePageX sustains the prospects of going mainstream with its Onebox widget and it's unique features. OnePageX also sustains the flexibility to remain relevant in the future by providing an allocation to add more cryptocurrencies as they become relevant in the market.
Use Case 1
David is a Doctor, He runs an NGO that caters for poverty-striken families in East Africa. He has been at the just cause for over 10years without sponsorship.
However, David open up a website and puts up his good work and how they have helped families escape poverty and it's detrimental effects.
Soon enough, people from all around the world are interested in his just cause and want to sponsor him. David is posed with a problem, what account can he operate that is acceptable anywhere in the world?
David remembers OnePageX, and adds the Onebox widget to his webpage.
Now he can receive money from all over the world.
Use Case 2
Micheal runs a gaming website known as Larinth that involves converting Litecoin to Larinth Coins in order to purchase in-app features.
However, most of the game players have complained about the huge transaction fees they have to pay in order to convert their digital assets to Litecoin and would prefer to convert their digital assets straight to Larinth coins.
Michael is posed with a threat of losing his customers if something is not done fast, as the software of his games was wired to host only Litecoins.
Luckily He finds out about OnePageX and it's unique widget: ONEBOX. Michael quickly incorporates OnePageX to his gaming website via the widget.
Now gamers can convert their digital assets and enjoy their gaming experience.
For More Information
OnePageX Website
OnePageX FAQ
OnePageX Onebox
OnePageX Twitter
OnePageX Medium
OnePageX Steemit
OnePageX Telegram
You can participate in this contest by @Originalworks here
Twitter Post
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Very well written review @godwinzzyzx
I've seen few other posts about this project lately and Im just wondering if exchange that doesn't requite KYC will not be targeted by regulators? Isn't risky business to aboid KYC and AML standards?
What do you think?
Yours
Piotr
Well I think what they have at the back of their mind is to ensure anonymity for investors who would like to keep a low profile.
Also, some KYC requirements are usually too tedious, requiring too many confirmations and a large chunk of information before trading. This has put off lot of traders from exchanging assets. I myself inclusive.
Everyone wants ease and maybe that's what OnePageX is presenting to the cryptoworld: STRESS FREE EXCHANGES
Bare in mind, we do not want Fraud or Money Laundering so KYC and regulation is utterly required.
great comment @godwinzzyzx
I totally understand where are you coming from. The only thing is that investors like myself or yourself .... we're all just a small fish in the ocean.
Big players, investment funds, so called "smart money" will only operate on fully regulated market. And that means that KYC and AML is a must if one want to eat piece of that cake.
Wouldnt you agree?
Yours
Piotr
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