AXNET PLATFORM: TAKING CRYPTOCURRENCY EXCHANGE TO THE NEXT LEVEL.

The term exchange is said to literally mean the act or process which that involves the trading or exchanging of a commodity. Cryptocurrency exchange which can also be refered to as the digital currency exchange means basically a business or platform which allows customers or users to trade or exchange their cryptocurrencies or digital currencies for other specific assets such as fiat money or other digital currencies as well. In the process of the exchange, users or customers also have the option of accepting wire transfers, credit card payments as well as for their cryptocurrencies or digital assets as well as option of sending cryptocurrency to users personalised wallet.
And by the year 2018, the global market basically for cryptocurrency recorded a mind blowing $200 billion in terms of market worth or value and it's daily exchange elevated to a staggering $5 billion with bitcoin as the dominant cryptocurrency and also other cryptocurrencies with basic features or characteristics to enhance world wide use cases that are continually joining the market.
However despite these tremendous growth in the global cryptocurrency exchange system, there are also certain repulses which have been basically said to be associated with the current exchange system and therefore eradicating these repulses in other to have a more efficient and effective system of exchange is the main agenda a platform is promising to offer by use of blockchain and the platform is known as the AXNET PLATFORM.

MAJOR CHALLENGES FACED BY THE CRYPTOCURRENCY EXCHANGE SYSTEM
Some the problems being faced by the current cryptocurrency exchange system includes:
i. A POOR TECHNICAL ARCHITECTURE: Programmers are individuals who write computer programmes and can also be called a software developer. Programmers are the brain behind many known exchange systems but in cases whereby a programmer is given a task to design a programme and he or she is not well experienced, the programmer ends up applying the simplest approach in the system design and as the system kicks off and traffic starts to build up, the system will not be able to hold or control or the traffic and thus making the system more prone to cyber attacks. Therefore exchange systems which are not designed with the top notch approach are susceptible to cyber attacks which is therefore a major issue in cryptocurrency exchange.

ii. PLATFORM THAT IS NOT WELL SECURED:
Security in any establishment is of paramount importance and this is one major issue faced in cryptocurrency exchange whereby certain platforms has however recorded events of cyber attack.

iii. POOR CUSTOMER SERVICE:
In any establishment whatsoever, giving customers maximum satisfaction is a key to scalability and profitability in the said establishment and also understanding the level of intelligence of the customer is also another key to know how to offer the customer the best as well as the maximum satisfaction he or she needs but in the cryptocurrency exchange, this is a major setback because there is no customer service to either pit the customer or users through or assist them in the transactions thus favouring the cryptocurrency enthusiasts and thereby not creating much room for eager traders who do not know the basis of cryptocurrency exchange.
iv. CENTRALISED OR DECENTRALISED SYSTEM.
A centralised exchange system basically offers more of tradable currencies as well as fiat pairs while a decentralised system offers users or customers full control of their assets and as well limited trading privileges and the current however basically selects and concentrates on only one niche and this they tend to do without putting customer choice into consideration which is also another hindrance to the exchange system.
v. LACK OF FIAT CHANNEL: Trading cryptocurrencies for fiat currency is one of the major activities witnessed in the cryptocurrency exchange system but certain cryptocurrency exchange systems been developed lacks a fiat based exchange to facilitate or create a channel where traders can can either trade their assets for cash or deposit funds to help them purchase assets.
AXNET PLATFORM AND THE SOLUTION FOR THE CHALLENGE FACED IN THE CRYPTOCURRENCY EXCHANGE SYSTEM
AXNET PLATFORM firstly is regarded as the first ever hybrid exchange system to be designed using blockchain technology system. Hybrid in the sense that order than the decentralised feature which blockchain technology system offers, there will also be room for a centralised model on the same platform that is to say that the platform will be a decentralised and at the same time a centralised platform sounds awesome right.
AXNET basically is an acronym which literally means Asset Exchange Network and it is a platform which is said to address all the issues of the cryptocurrency exchange and in return offer a more modified, effective, efficient and scalable system. The platform tries to fix these issues of the cryptocurrency exchange system by:

i. By employing the services of well experienced developers or programmes who wont use the simplest approach in designing the exchange system but will use the best and highest approach and this will in return make the system safe from cyber attacks.

ii. The issue of security wont be accommodated on the AXNET platform because the AXNET operational team is has enough experience in designing financial systems with the best security standards and this is what will be offered on the platform.

iii. The issue of poor customer service will also be resolved because on the AXNET platform, the customers comes first and the platform is promising a support team that will work on 24/7 basis with however a one day turn around on all the support tickers.

iv. The platform will also offer users the privilege to switch either to a decentralised system or a centralised system which is the basic feature of the platform (Hybrid feature).

v. In the issue of lack of fiat channels, the AXNET platform promises to provide its users with basic fiat currencies like the USD, EUR, JPY, GBP with room to accommodate more fiat currencies in future.

ADVANTAGES OF USING AXNET
The AXNET platform promises to offer certain benefits or advantages to its user and these includes:
i. BENEFICIAL OPERATION STRATEGIES:
The platform will use a development team as well as a powerful research which incorporates strength,c competitiveness as well as other attributes to create services that will be strong or robust, stable and will also exhibit high quality. Also plans are been made to add incentives to users who are basically active on the platform in terms of activities which involves exchange and also bonus will be given to users when they refer people to the platform and this will plan role in boosting the AXNET platform subscribers list and will in return set a stepping stone for putting the platform on the verge of becoming one the 10 most active exchange systems that deals in cryptocurrency worldwide.

ii. A MULTIPLE CURRENCY SUPPORT:
The platform also will support the trading of multiple cryptocurrencies as well as fiat based pairs . With the AXNET platform, fiat currencies will be available for users or customers who intends to trade their cryptocurrencies in exchange for fiat equivalents.

iii. AN EFFICIENT CUSTOMER SERVICE:
The platform will offer a users seamless trading experience by incorporating a 24/7 customer service model which will aid users in using the platform and in return will give them an unforgettable experience because with the AXNET platform, customer satisfaction is of optimum importance.
iv. EFFICIENT SECURITY SYSTEM:
The system will also incorporate certain models into it's security feature to offer a platform with strict security which will also be in accordance with financial level standards. It will also have an operation level with an intact risk management mechanism that will ensure confidentiality and availability at all times.

AXNET PLATFORM TOKEN
The AXN will be the major utility token that will be used on the AXNET platform. It will support all Ethereum based wallet due to the fact that it is an ERC-20 compatible utility token. The total token in supply is said to amount to 1 billion token and after a designed buy-back programme, the token will be constant at a supply of 500 million.