AXNET: Proffering solutions to exchange challenges
There are a lot of challenges encountered daily one way or the other by the various cryptocurrency exchange platforms that are existing. Some of these challenges include:
Insecurity: a lot of platforms have been hit with these problem which led to the folding up of such exchange platform. The issue of insecurity of exchange platforms has been in existent from a very long time and still pose a major threat which needs to be eradicated.
Liquidity: Another issue or challenge facing the crypto exchange platforms is the fact that liquidity is very hard or almost non-existent. I.e. it is hard to transform from one coin to another or from a coin to fiat without making a loss. This obvious liquidity problem makes it hard for traders and investors to make reasonable profits while exiting the market and this is a serious concern for every crypto enthusiasts alike.
Poor customer service: a lot of exchanges also do not really understand the wants or needs and preferences of their users thereby making it hard for them to make accurate offerings for such customers. This in the long run translates into such exchange platform having and maintaining a very poor customer service. Therefore, there’s a need to find a way to overcome this challenge
Poor or Shallow technical Know-how: a lot of exchange platforms in existence are designed by people who have little or zero experience in the area of finance or the nitty-gritties of running and operating an exchange. This makes them come up with exchange that is designed in the simplest form they can manage thereby restricting usability. Therefore, there arises a need to find a solution to this issue.
One-sided: Most exchanges are either decentralized or centralized. Centralized exchanges tend to offer more tradeable currencies and fiat pairs while decentralized exchanges offer the user full control of their funds with limited trading capabilities or speed. This trend following by exchanges means if users get a particular benefit, they miss out on the other. There obviously is a need for an exchange or exchanges that can combine these benefits offered into one big package.
After carefully looking into all these above challenges faced by exchange platforms around the world, the AXNET team have come up with a solution to all the problems facing exchange platforms by creating an exchange that addresses all these challenges and does it professionally. The powerful research undertaken by the AXNET team has given them the edge over other exchanges in creating a high performance engine and ensuring the stability of the platform.
The Amazing features of AXNET includes:
• Centralized and decentralized exchanges
• Fiat based Services
• EOS Decentralized exchange
• Trade Mining
• AXNET Labs
• Low remittance fees etc.
TOKEN ALLOCATION:
100 million tokens reserved for ICO at 2000AXN=1ETH
100 million tokens reserved for company founder/investors
100 million allocated to AXNET for operations with 1% monthly budget allowance
Trade mining begins of 700M tokens
ROADMAP:
Whitepaper: https://ax.net/docs/AXNETWhitepaper.pdf
Website: ax.net