Cryptonity ICO Review: A Decentralized Crypto Exchange

About Cryptonity

The name Cryptonity is coined from Crypto and community. in line with the team, the project aims at giving the users the foremost secure, comprehensive, cooperative and clear exchange inside the market. they need to bring ‘good vibes’ to the trade with AN exchange that stands out.

A lot of crypto-exchanges has been introduced to the market recent times. The overwhelming majority of exchanges unit of measurement claimed to not care plenty of concerning their customers. they're doing not believe plenty of on user-opinion. this implies that the affiliation between the exchange and additionally the user is not reciprocal, as a result of the exchange is simply attempting to form profits. All the transactions that the exchanges perform unit of measurement shrouded below a cloak of mystery then customers fail to trust them.

The large cryptocurrency exchanges, on the other hand, have their concentrate on issues to do and do with laws. they are to boot perceptibly attached but reliable their presence is and therefore the manner they will avail bank account support to act with order. to boot, they worry concerning security and insurance must there be a stealing. Things like lack of feedback, support, and transparency get relegated to the backseat.

Cryptonity claims that it will kind the foremost effective resolution for the community. whereas not intermediaries, there will be sensible contracts to perform all transactions giving the platform a foothold over centralized exchanges. Since there will be no centralized server, every user are ready to use their assets as they have.

The developers of Cryptonity unit of measurement attempting to form a blockchain as shortly as they finish distributing ICO tokens. the foremost task of the team are to provide a secure system for trade specialists to act. The platform offers the user reports bi-annually to help the users trust them extra. there is to boot a thought to formulate AN contract to cover any losses to the patron from the exchange like throughout a hacking threat.

Key features of the platform

The Cryptonity system will have the next choices

High-performance field tools for mercantilism
Low commissions for users with Cryotinitas Token (XNY)
Security and insurance programs
Opportunity to work with security consultants and to be audited bi-annually
User engagement in relevance developing platforms
Responsive and multi-lingual consumer support service

The Token

The Cryptonity Token (XNY) will run on the Ethereum blockchain. However, the team is about to develop its own blockchain once finalizing the token sale. 100 million tokens are visiting be unengaged to the market. the quantity is fixed that's to say that the company will neither repurchase nor increase the quantity of tokens.

The utility token will grant users a 5 hundredth discount in exchange fees for his or her period among the exchange. it will allow the users to participate in community activities like decide for the ‘coin of the month’. The tokens are visiting be assigned as follows:
Public token hour
Team 20%
Airdrop & Bounty one hundred pc
Insurance membered
Advisors multidimensional
The token sale are visiting be finished Ethereum, Bitcoin cash, Litecoin, Bitcoin and Binance coin, and each one investors will must finish KYC registration before they're going to withdraw tokens.

ICO details

Ticker: XNY
Token type: ERC20
Hard Cap: twenty 100 and twenty 000 USD
Soft Cap: 5 hundred 000 USD
Price Varies looking on the sale
Start Date and end Date: Gregorian calendar month initial, 2018 to Gregorian calendar month thirty initial, 2018
Country: France

Conclusion

Cryptonity is attempting to create a control inside the exchange market house. The team is mercantilism transparency, security Associate in Nursingd associate approach that is targeted on the community. It offers a comprehensive set of tools to trade for users. whereas these choices sound appealing, the team would possibly need to go a step additional to provide over the clean minimum. As it is, one may raise why they may opt for Cryptonity once there square measure many heap of blockchain exchanges on the market.

To be fair, the platform supports ‘airdrops’ and ‘forks’ and offers rewards for staking. The team may need to pore on these variations if it will push its vision forward. they will in addition must be compelled to embrace some lots of advisors like an expert inside the cryptocurrency world to form confidence in their project.

ICO Rating

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Content writer

Mst.Taskurun Nesa
Bitcoin user Name :taskurun1998
Bitcoin Profile Link :https://bitcointalk.org/index.php?action=profile;u=1775722
ETH :0xec494dEDdC6Fd29bD37716Ca3368f6D9f3556d45