Meet Blockchain.io : Paris’s upcoming Crypto currency exchange market!
Website: https://blockchain.io/
I have a question for all our dear friends in the crypto currency trading world, will the European based website, Blockhain.io, be able to compete with the rest of the Crypto currency trading world, i.e Bittrex, Binance, Kucoin, with its new features? Over the past few years, Crypto trading exchanges and systems have been falling into some dire issues.
For example, in 2015, MT.Gox the first and famous BTC exchange trading site lost over 850,000 BTC due to its plethora of hacks and its employees failing to protect their clients private keys in their wallets. In more recent news, the trading platform, Bancor has suffered a $23.5 million loss due to its major security hack. This was due to a compromise in its Etherum smart contracts. Bancor, wasn’t the only blockchain system to be hacked, DigiByte (DGB), which recently began as a blockchain cryptocurrency where one can play games such as league of legends and earn DGB a few years ago. Everything went well until It suffered a DDOS Attack which caused them to shut down the site and its feature!
In another note, when it comes to blockchain and Europe trying to engage in the block chain world and compete with the rest of the surrounding countries to be the “king of the hill”. However, this is difficult when most exchange companies in the U.S and the Asian pacific offer such grand features and competition games in their exchanges. Furthermore, European countries like France and Germany love the idea of joining in the crypto world, but fail to do so due to skepticism of failsafe security of crypto currency exchange markets.
Blockchain.io however, solves many if not all these issues! This new upcoming Paris based cryptocurrency exchange, solves the problems of many issues the currency exchange market contends with.
Security protection Features:
- Reliable infrastructure: meaning minimal downtown that is restricted to maintenance.
It also means esilient to DDOS attacks (which is public enemy #1 to crypto currency markets)!
- Payium: Its current partner, Paymium, is known for its hacker free operations since 2013,
Its offers of 98% cold stores of crypto currencies, and EU registration complaint!
Constant audits: Blockchain.io uses paymium audits financial accounts by an external auditor with a European title similar to CPA America
KYC/AML: when a customer /investor applies to join this currency exchange,
A KYC / AML from is issued to prevent or report possible hackers and thus reducing animosity.
- Provision of Cold storage of crypto currencies with reserve proofs.
ICO/non ICO Friendly:
Blockchain.IO will also list other tokens that are Non ICO, I.E BTC, ETH, LTC etc.
Not only does Blockchain.io offer a listing of currencies following a technical process,
ITS own ICO services offers to assist issuers with their own campaign and ICO listings
Ex: if Gamedex ICO wants to do a startup, it’s possible it will be listed on Blockchain.IO, following a technical process.
(In short, BLockain.io will help you get your ICO Listing going!)
This gives blochain.io freedom to apply liquidity services to prospect clients.
- If you’re a Paymium user, Blockchain will offer you a incentive program, being that you
will become the first members of the first community to access Blockchain.io services
and the Internet of Value.
Peer to Peer Lending:
- Need to Borrow money from a friend, no problem! Blockchain.io traders who lend funds to trade on margin will be able to borrow from other platform users.
I.E Peer 1 needs to lend BTC from Peer 2, that is allowed on blochain.IO, plus they get interest!
- Peer 2 peer Interest rates will be based on the supply and demand from the buyers/ lenders using a centralized order book! Much like a blockchain ledger or digital ledger.
3 Blockchain.io will maintain and overseer centralized inventory of funds, so not one crypto coin goes missing.
Overall summary:
I would say that looking at the site Blockchain.io, is a very strict and thorough Crypto currency exchange market in Europe that follows thru on its policies thus providing integrity and trust to their new upcoming traders.
They strive to be the #1 European crypto currency trading site that has a deep precise planning on how to prevent any future hacking and theft unlike Bancor or MT.Gox or Bitfinex. With their partner, Paymium, they will succeed in their plans to make sure every customers transactions and investments are safe and secure. Not only provide protection, but be the first in my opinion to provide ICO campaign help with future crypto start up companies that will help them build more coin listings in the future.
To the answer whether or not be able to compete with the rest of the Crypto currency trading world, i.e Bittrex, Binance, Kucoin, with its new features, I say yes it will!!
For more Info on this current ICO project, please check out!
Website: https://blockchain.io/
Coins mentioned in post:
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ICO preseale starts in roughly two months, and then the real exchange starts in 2019. there is a manifesto and white paper on it.. in 2020 you will be able to trade w/ fiat money