Digital currency is gradually becoming a part of human life. Today it is used in the work of some new services, as well as in trade. However, the most popular area is the trading of cryptocurrencies on exchanges, since it allows you to get the maximum possible income in a relatively short period of time.
However, today the work of most cryptocurrency exchanges is aimed at maximizing profits for developers, and not at developing a cryptocurrency economy as a whole. As of today, the main problems of all trading platforms that trade in virtual currencies are:
- Lack of regulation that protects traders and the exchanges themselves;
- The low level of security of the exchanges, which makes them the main target of cybercriminals;
- Sophisticated user interface that repels novice virtual currency merchants;
- Low level of liquidity;
- Poor client support, providing answers to important questions during the week;
- Lack of support for multiple languages;
- Low bandwidth;
- Large commission fees.
The solution to all of the above problems will be a modern exchange for uninterrupted exchange of virtual currencies and trading called Finafex.
Objective of the project
The main task of the creators of the site Finafex is to develop a fully transparent and regulated platform for trading virtual currencies that can solve all the problems of modern exchanges and attract millions of new users for a secure exchange.
Principle of operation
The Finafex platform is a service for cryptocurrency exchange, which has many banking licenses, operates in accordance with the requirements of the laws on combating the financing of terrorism and money laundering, as well as providing a number of financial services.
Platform participants will work with it using a custom user interface. It can contain both the clear features needed by newbies and more advanced tools suitable for professional traders. The basic interface for beginners will include the following options:
- Buying and selling;
- News;
- New currencies;
- Account information;
- Reference materials.
In addition, the Finafex platform will have a number of other functionalelements:
- The financial transfer service is presented in the form of an autonomous module using Blockchain technology for quick transfers of fiat funds with a minimum amount of commission;
- FINAFEXWallet e-wallet, will allow you to store Fiat, obtained from various sources, including bank transfers and conversion of cryptocurrency into fiat funds;
- The internal exchanger Fiat to Crypto to Fiat, will allow the conversion of cryptocurrencies into fiat funds and back;
- The transaction manager is represented as a system that manages the purchase or sale of virtual currency based on user input;
- Secure Enclave - presented in the form of a secure area of
the platform for communication and interaction with other exchanges, implying the preservation of private keys within Finafex; - FINAFEX Private Blockchain - presented in the form of an audit trail for transactions carried out within the framework of the platform;
- FINAFEX Public Blockchain - a public blockchain that supports recording all transactions using the internal token FNX;
- Transaction Abstraction Layer - a system that provides additional security and identity protection during the use of cryptocurrency Hot Wallets;
- Exchange API - a service that provides secure interaction with other exchanges when performing purchase and sale operations;
- FINATRADE Trade Settlement Engine - is a trade settlement mechanism for fiat and cryptographic systems using smart contracts;
- The escrow wallet manager keeps a pledge for trading until the transfer of funds to the designated party;
- Fiat Trust Account
The main currency of the platform will be FNX tokens, which will be charged to exchange participants as commission fees for performing transactions. You can buy these coins during the ICO.
ICO Iinformation
The developers intend to sell 300 million coins at a price of $ 0.1 for FNX. Public sales will be made from January 15 to February 15, 2019.
Softcap project - 5 million dollars, hardcap - 30 million dollars.
The distribution of tokens and funds is as follows:
Conclusion
Creating a cryptocurrency exchange with the functions of the exchanger, ensuring the safety and reliability of operations, as well as ease of use is a very important project for the development of the virtual currency sector. Due to these qualities, Finafex can attract as novice traders who need a simple and convenient interface, as well as experienced traders who want to find a safe platform.
Investors should carefully look at investing in this project, since the success of Finafex can bring them considerable profit.
Official resources of the FinaFex project:
WEBSITE: https://finafex.com
ICO WEBSITE: https://ico.finafex.com
TELEGRAM: https://t.me/finafex
WHITEPAPER: https://finafex.com/whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5077701
FACEBOOK: https://www.facebook.com/Finafex-2134722780111754
TWITTER: https://twitter.com/finafex
MEDIUM: https://medium.com/@finafex
REDDIT: https://www.reddit.com/u/finafexexchange
INSTAGRAM: https://instagram.com/finafex
LINKEDIN: https://www.linkedin.com/company/finafex/
GITHUB: https://github.com/finafex
Author Profile
Bitcointalk Username: yousufatikbd
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=2443056
Ethereum Address: 0xd552f04b7adb5ef66b1c336bc0ae82aa0fca0f37
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