EPIPHANY (EPN) : Review

in #cryptocurrency • 7 years ago


Overview :


EPIPHANY is a superior trading engine for digital assets developed on the NEO ecosystem, it is a joint effort by a group of the most active blockchain companies and licensed financial institutions.

EPIPHANY is assisting in the development of a transparent, secure, intelligent and compliant global trading network of digital assets. EPIPHANY aims to contribute to economic growth by increasing circulation of digital assets globally while abiding by all regulations. EPIPHANY’s features help to reduce financial crimes such as money laundering and illegal financing on a global scale.

EPIPHANY has the vision to become a first-rate global superior trading platform for digital assets; enabling licensed institutions to smoothly establish their own digital assets trading system within the EPIPHANY ecosystem; enabling each participant to trade with confidence and security; and enabling regulatory agencies to monitor EPIPHANY’s operations in real time to ensure openness, transparency, and compliance.

What Is Epiphany ?


Epiphany claims to find solutions for the following issues :

  • Transparency :
    The inability to trace back activities by all members involved is common in centralized system and is addressed in the Epiphany project.

  • Theft :
    Trading platforms for cryptocurrency normally have a ledger of all possible transactions in multiple exchanges. Therefore, with Epiphany, users will be required to open a wallet to store their assets. Furthermore, they encourage the use of private keys, to avoid hacking or Internet fraud at once.

  • Non-Compliance With Regulatory Policies :
    This is something Epiphany is against, as it can result in liquidity problems. Furthermore, not following set rules can have serious consequences for any platform. Hence, extra efforts will also be placed to ensure that anyone who is part of the Epiphany ecosystem has been licensed.

What Problem Does it Solve ?


The blockchain trading market has a lot of potential to grow within the following years. However, it still faces a lot of problems that need to be fixed within its infrastructure. One of the current problems is that the superior resources are unavailable for the general audience. It’s hard for a new user to compare and search for multi-platform prices in one place.

And, there is a bit of confusion on the quality of the data privacy. In decentralized blockchains, the data that’s stored in nodes are available to the public. When it comes to personal and sensitive information, participants would want a system where it could remain safe.

Epiphany solves all of these issues through the use of its blockchain platform. The platform was made with the following aspects in mind:

  • Professional : Has a highly trained operational team that helps guarantee a full operation around the clock providing a reliable, secure, and stable trading environment for the users.
  • Intelligent AI : Epiphany has an AI system that can automatically spot system loopholes in order to create intelligent optimizations. This gives us the ability to predict market trends of market return and digital asset projects.
  • Risk Control System : Risk control is performed on each aspect of the trade (before, during, ending) to fully secure each of the user’s assets.

Advantages of EPIPHANY :

  • Professional :
    Highly trained operation team – A professional team to guarantee stable operation of the platform round the clock, providing secure, stable and reliable trading environment for users
  • Secure :
    Complete risk control system – Risk control is performed before, during and after trades to guarantee user asset security.
  • Reliable :
    Strict multi-party supervision – A multi-party check on transactions and digital asset will be performed by the platform with financial supervision authorities. At the same time, a separate AML mechanism is established to protect the legal rights and interests of each participant.

Epiphany EPN Token Details :


Epiphany has high anticipations for its API system, which has been praised by for its increased reliability. Qualified investors have the opportunity to convert their digital assets into fiat currency that reflects real-time prices. Their EPN token is believed to increase the speed of transaction while minimizing the associated fees.

Conclusion :


As for the cons with Epiphany, three things can be considered. First, it is a project that is backed by NEO. The global reach is problematic, as it only focuses on the Asian market. Second, due to governmental regulations, any conversions made will only be done in USD, but this is supposedly a temporary concern, with room for further expansion.

Lastly, the issues that Epiphany is trying to solve is very common, which might not seem unique, but if their approaches are effectively enough, Epiphany has potential to succeed.

For More Information :

Author: Raghav
Bounty0x User Name : raghav078
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2235966

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7 years ago in #cryptocurrency by
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