About Deflex Exchange
DeflexExchange adopts new approach in Cryptocurrency Exchange ecosystem. Their deflationary concepts allows the token value to increase and encouraging the communities.This is another huge step to mass adoption. DelfexExchange will conduct burning on the coins from the income generated in the platform on a monthly basis. The Team of
this project with their creative ideas has put the communities in mind. DeflexExchange combine the attributes of both Centralized and Decentralized Exchange. The platform which to operate its own server personally without any need to rely in the third party, which could eventually lead to hacks. The complexity attached to releasing your personal information online KYC will be totally removed .KYC is not required in DeflexExchange platform.Traders can trade seamlessly across the exchange as they like. DeflexExchange is Decentralized due to the fact that the server will be across multiple locations which will enable the Exchange cross country and globally available for users. Deflex will also Provide (DS-Platform) which is the Deflex Status Platform where users can view and access all internal wallet of the
company which comprises the balances and activities of the platform. Latest information, News, Statistics, Exchange performances, and the server statues will be available in (DS Platform).
EXISTING PROBLEMS AND SOLUTIONS OFFERED BY DEFLEX EXCHANGE
Lack of good Technical Architecture: It will be very hard for an exchange to have a long life span if they are having poor technical architecture.Nowadays, we have seen lots of exchanges using Cloud Services or Third Parties servers to offer them computing power.This removes the elements of independence in these Exchanges ,therefore making them relying on the third party service which could lead to the intrusion into their system.The failure of the third-party service will resulted to failure of the exchange. Furthermore, it could lead to the problem of Cyber-hack and many more that can lead to closure of the exchange. DeFlexExchange is willing to set up its own server location Worldwide thus, ensuring maximum security for the users.Due to the anonymous nature of the server, regulatory issue will not arise and users will be able to use the Exchange worldwide without any Regulatory barriers.
POOR CUSTOMERS SERVICE: This is one of the prevalent problem in Crypto Exchanges sphere. Customers' complaints are not promptly attended. This problem can be found in both Small and Big Sized Cryptocurrency Exchange. It takes 3 days before you get a response to complaints in some of the exchanges. Customers who needed urgent solution to their problems receive poor services. The volatility nature of Cryptocurrency can allow users suffer irrecoverable loss if encountered problem in trading them. Cryptocurrency as a class of digital assets fall in the class of assets that require best customers support services. The Team of DeFlexExchange has observed these loopholes and is willing to offer their customers World best customers support service.
REGULATORY BARRIER (KYC): Most cryptocurrency exchanges are mandated to conform with the regulatory requirement by maintaining the stipulated standard. Obviously, this is seen as another barrier to Blockchain technology because Blockchain technology is a technology of freedom which should by all means maintain its DECENTRALIZATION. Cryptocurrencies are the class of assets backed up by Blockchain technology which aims to reshape the current and non-transparent monetary system. For cryptocurrency to fulfill its purposes, it must be totally decentralized thereby dissociating itself from any element of Centralization such as mandated KYC. DeflexExchange provide immunity for the users against government mandated KYC.Apart from them, users are secured and protected through the platform anonymity.
TRANSPARENCY Most exchanges are lacking transparency. Investors who contributed for the fund raising of the project are deprived of knowing the affairs of the company. DeflexExchange is willing to reverse this ugly trend by ensuring 100% transparency in their mode of operation. As explained above, (DS Platform) will be launched by the exchange where every information regarding the exchange will be provided. The Performance, profitability, and latest news will be made available to all stake holders and the general public.
GROWTH STRATEGY Most of the existing Cryptocurrency Exchanges does not strive for growth. Strategies to boost the value of stake-holders' holdings is not seen as their priority and the value of the token and the general company growth move at snail speed. Deflex is willing to restructure this. On monthly basis, token BURN activities will be conducted on DEFLEX Platform where the revenue generated from the platform are used the finance the token BURN which will eventually lead to DEFLEX token increase in value. All information regarding the BURNING can be publicly accessed by anyone in the platform.
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DEFLEX Exchange Matching Engine The Exchange is capable of maintaining 900,000 order per second and in future the plan to achieve up to 1,700,000 order per second.The below trading Pairs will be supported in DEFLEX Exchange
BTC, ETH, DEF( Deflex Coin), USDT.In the future more trading pairs will be added.
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Final thought
DEF Exchange offers lots of benefits to their stake holders and the general traders, the DEF coin allows token holders to benefit by claiming a share of fees generated by the exchange and payment service. Through this, token holders who stake DEF token benefits from the success of the Exchange business.DEF Exchange offers low trading fees of 0.1% .Users of Deflex Coin benefits additional 50% discount on their trading fees.It worth supporting this class of project because it has lots of benefits to offer in Crypo ecosystem.
ROADMAP
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Official Resources
Website: http://www.deflexchange.com/
Whitepaper: https://drive.google.com/file/d/1m2JDtqHLpmUHfy795EWBQu7VYIoACnTJ/view?usp=sharing
Github: https://github.com/deflexchange
Twitter: https://twitter.com/deflexchange
Reddit : https://reddit.com/r/deflexchange
Discord : https://discord.gg/4Q9ep7k
Telegram Channel : https://t.me/officialdeflex
Telegram Chat : https://t.me/officialdeflexchange
Authorship
Bitcointalk username :koremodupe
Eth address: 0x92d259F369B02eF1d625C3F3bDc2F6b06A8BE272
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359