There are no start-up blockchain projects that delights me as much as upcoming worthy cryptocurrency exchanges do, this is because I so much value the importance of cryptocurrency exchanges in the blockchain industry. You’ll agree with me that there are over 2,000 cryptocurrencies in circulation with each of them being owned by a particular project or the other in the industry, and even despite this large number, a lot of projects are still emerging on daily basis. This literally means that a lot of pressure is being put on the exchanges on daily basis because almost all projects will want their tokens become liquid and the only means to do this is through cryptocurrency exchanges.
But as important as this sector seem in the world of cryptocurrency, it’s so unfortunate that its level of development is so discouraging compared to the rapid growth of blockchain industry. If you’ll take the pain to ask 5 traders how their experience has been so far in the industry, it’s I’m certain you’ll get at least 3 traders that’ll tell you it hasn’t be too pleasant.
This is the major reason why several traders now have lot of accounts on several exchange platforms. The major problems being faced by these traders is what I have listed below;
- Incompetent and porous security protocols
- Unreliable support system to assist users with problems
- Complex user interface that makes trading difficult for newbies
- Lack of liquidity
- Extremely high transaction charges
- Fake trading volume that misleads traders
- Vague order books
- Long and unannounced maintenance updates that affects trading activities and
- Delayed deposit and withdrawals.
The most devastating and challenging of these problems is the security challenge that almost all exchanges are being faced with. It could cost the exchange owners a lot to the extent of closing down operations. We are not new to these occurrences as they’re happening every time due to increased cyber attacks. Some big exchanges even developed multiple security layers for their platform but even at this, they still get attacked losing several millions of dollars. With this type of experience in mind, hardly will you see a trader that will confidently leave his/her funds on an exchange for storage.
Just as we know that the blockchain technology is still at its infancy stage and lots of efforts are being directed towards its continuous improvement to make it globally adoptable, a group of professional and experienced individuals have come together to develop the aspect of cryptocurrency exchanges through its platform, permit me to introduce to you the Emirex platform.
Emirex Plaform
This is a new exchange platform that is determined to be the easiest and most accessible to buy and sell digital assets for all traders. Emirex group of companies (Dubai) which happens to be the brain behind the platform has recorded a huge success in its previously launched exchange (BitMeEx) that began operation in year 2017 and has been doing well in offering digital assets buying and selling to users without any issue.
The idea behind the creation of Emirex exchange is to make the buying and selling of these digital assets available to Africa, Asia, Europe and South America.
This newly created Emirex Exchange offers an easy, fast and very secured exchange platform for all traders. On this exchange, you need not have the fear of losing your funds to cyber criminals because the multi-layered security protocol being put in place by the platform is second to none.
It might also interest you to know that Emirex exchange has user interface for both newbies and well experienced traders. This interface for newbies is simple and well comprehending while that of professional traders is more sophisticated in order to offer ease of trading.
Listed below are the other exclusive features to be enjoyed on the platform
- Availability of spot trading with professional order types also with margin and future trading
- 1,000,000 orders/seconds capacity order-book
- Advanced historical trade analysis display
- Supports all major digital assets with additional assets from other great upcoming projects
- Availability to customize your trading view charts for professional traders
- Integration of advanced liquidity aggregation technology
- Excellent fiat support system that allows deposits and withdrawals into bank accounts
- Security standard which is complaint with international standards of IT security.
The token
Just as we all know that most blockchain projects have their own native token to drive the functionalities of the platform, the same with Emirex exchange platform which has created an ERC-20 based token with 500,000,000 total supply. The ticker for the token is EMRX and will be used as incentives for users that invites others to the platform.
Other usecases of EMRX token includes payment for listing and application fees by other projects and payment of transaction fees. Also, only EMRX holders on the platform will be able to participate in community voting for listing of the project of their choice.
Emirex Wallet
This is one of the exclusive products of the platform. Emirex wallet will afford its users the opportunity to safely manage their cryptocurrencies. This wallet will also give its users the highest level of reliability and privacy when managing their assets.
There will be two versions of the wallet which are the standard version and the professional version. The later will allow several functionalities such as multiple private keys management which directly means that users can manage effectively multiple portfolios inside the wallet, however, users of this version of wallet needs to pay certain small amount of fees in EMRX token in order to enjoy these benefits. However, the standard version of the wallet is free of charge for its users and it offers only basic cryptocurrency management features.
Conclusively, if you take a close look at the operational model of Emirex platform, you’ll discover that the platform has identified the issues that gives traders tough moments on exchanges, hence developing it’s own exchange just to the trade of all traders. Having developed its exchange platform with several functionalities, the team is also in constant development of new features to ensure that crypto trading by trades is being done with exciting trading experience.
For more information, please check the links below;
|Website|Whitepaper|Register on Emirex|Telegram|Twitter|Facebook|
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