ADONX - A New Exchange Era

felix4c3 (32)in #adonx • 4 years ago

What is Adonx?

Adonx is an efficient, anonymous, resilient, transcendent, powerful, decentralized, and open-source general-purpose cryptocurrency built on Cryptonote Technology with inexpensive and fast peer-peer transactions.

Mission od Adonx
Most of the crypto startups and small traders are suffering from high listing fees and trading fees. Adonx platform aimed to list all eligible projects with very low listing fees and provide a near-zero trading fee experience to traders.

Adonx provides a simple, fast, innovative, state-of-the-art, secured yet powerful crypto exchange, escrow & payments platform.

Features of Adonx Platform:

Multi-Layered Security - Adonx backend is built on the multi-tier application architecture, and all requests will always flow through multiple security layers in order to fulfill the request. Adonx platform has been architected carefully to mitigate/minimize security issues and vulnerabilities in different stages, some of them but not limited to transport level, application level, and storage level security issues.

Adonx platform by default supports following user-level security

Strong password
2 Factor authentication
PIN-based authorization
OTP based authorization (through E-Mail, SMS & 2FA apps)

Multi Crypto Wallets - Different blockchains have different wallets, every user will be facilitated with a unique wallet address per blockchain. Crypto wallet address comprising a string of alphanumeric characters, these addresses are generated on a blockchain using a set of private and public cryptographic keys.

In some cases, a user may want to personalize addresses to make their wallets unique and identifiable.

Vanity address - A vanity address is a personalized crypto wallet address on the blockchain, these types of addresses may be useful for business users on B2B, B2C type of business. The complexity of generating a vanity address depending on its pattern and certain criteria and sometimes it may take a lot of time to generate such an address depending on its complexity.

Adonx planned to support such vanity addresses on supported blockchains. The applicable fee will be charged depending on its complexity and time to generate.

Account Alias - Adonx platform provides a unique aliasing system to it easy for users to deposit from anywhere anytime without logging into an actual user account. User will have an option to set up alias name for their account, these aliases will provide access to get their deposit address for different wallets

Anyone can see the address of a wallet if they know the alias of a user on the Adonx platform. To secure this behavior a layer of security is added with OTP/2FA, so the user needs to provide expirable OTP/2FA code to a third party along with an alias to see the address of the wallet.
Atomic Swap - An atomic swap is a process of exchanging one cryptocurrency for another without having much work involved. Usually, coin/token owners perform this task when their existing blockchain/code/protocol is deprecated, and they want to introduce a new blockchain or with a new protocol. It will be a massive work for them to collect all deprecated coins/tokens from their users and send new coins/tokens as a replacement.

Adonx solves this with the atomic swap feature, coin/token owners initiate swap of all old wallets with old coins with new wallets with new coins without additional complexity or calculations.

Airdrops - Adonx platform support airdrop feature. Coins/token owners, enthusiasts, and promoters can perform this kind of complex airdrop without any additional complexity.

Exchange Services - With the highly scalable matching engine, it can withstand high load and can process millions of orders per minute.

Escrow Services - Adonx platform provides a smart contract for performing these escrow operations without having to involve a third party. Being decentralized and being operated on a blockchain will protect buyer and sellers’ assets until both parties have met their requirements of the agreement.

Multilingual Support - Platform & all its clients will be available in different languages; the Initial release will be available only in English. Russian, Spanish, Portuguese, Chinese, and other language support will be provided during the future rollout of software updates depending on features scheduled and priority.

Exchange Pairs - Adonx will support the following trading pairs initially, which include but not limited to BTC, LTC, DOGE, ETH, ADONX, USDT

Listing a Coin/Token & Fee -

Free Listing - A project with an innovative idea and decent community will be listed for free

Paid Listing - Coin/Token owners need to pay a certain amount of fee to list it on the Adonx platform. Coin/Token owners will contact Adonx through the listing form on adonx.one where they need to fill up various details about their project.

Listing through Voting - A project with a great idea & a decent number of community members can request their project for listing through voting. Community members of the project will vote for the project listing. Multiple coins/tokens may available in the contest and the highest voted project will be listed.

Software & Coverage - Adonx client software will be cross-platform compatible and will be available for the following devices/platforms.

Web-based client for browsers (mobile friendly)
Desktop client for Windows, Linux, and MacOS
Android mobile devices as a native application
iOS mobile devices as a native application
Consumable Rest API for developers & partners

Developer API - Once the Adonx platform is stable a consumable REST API will be available for developers and partners to extend, implement their own functionality, features, and application based on the Adonx platform. A well-documented and formatted guide will be available on the usage of these APIs. Developer API is protected by API Key, developers & partners are needed to generate one before consuming these endpoints. This will virtually make endless options available to customize and implement their own applications and use cases.

ADONX TOKEN

ADONX is an ERC20 token on the Ethereum blockchain, exactly 21M tokens will be minted, more than 80% of unsold tokens from the sale will be burned in each stage. The remaining tokens will be utilized towards airdrops & bounties.

ADONX Token will be used as a payment method for different services available on the Adonx ecosystem, or where ever applicable.

Usage, Value & Repurchase

Adonx Tokens will be exclusively used to pay while procuring/using different types of services on adonx.one platform. Service including but not limited to

Listing fee
Voting contest
Payment gateway related services
Escrow fee
Any other fees and commissions

Token Burning - These are the following cases where/when we burn tokens, in order to make the supply practically sufficient and possibly minimal in order to provide great usability and value to token.

All unsold tokens will be burned.

At least 25% tokens from repurchase (collected in the form of fee for providing various services on the platform) will be burned as and when possible.

Tokonomics

Total Supply 21,000,000

Name Adonx

Symbol ADONX

Protocol ERC20 Blockchain Platform Ethereum

Conclusion:
Adon combines all the best and amazing features of CryptoNote cryptography in addition to its unique and powerful features. It offers end users the best authentic experience they can have with a Cryptocurrency.

ADONX - A New Exchange ErasteemCreated with Sketch.

ADONX - A New Exchange Era