cryptocurrency

IRONX — World-Class Exchange

ironx.jpg

Website: https://ironx.io

The IronX Exchange Solution

For users entering the crypto market without existing crypto tokens, the IronX Exchange is exploring the possibility to bridge the gap between traditional finance and the world of crypto trading by addressing the challenges mentioned earlier with effectiveness and experience. The IronX Exchange could, therefore, facilitate the entrance of new users to crypto trading with increased ease of entry on the right basis, higher efficiency, and lower costs.

The IronX Exchange aims to enable a safe and easy transition from the mass retail market into the crypto market. Leveraging on its existing regulatory and operational practices, processes, solutions and real operating company functions, including, back-office, risk management, account management, and payment and banking solutions, the IronX Exchange will offer a customer-centric and quality-focused service.

The IronX Exchange will provide crypto investors who wish to diversify their investments direct access to the low-correlation asset classes that are offered on the IronFX Group trading platform (such as spot FX, CFDs, shares, futures, commodities, indices), including the ability to utilize higher than normally offered leverage when trading on the IronFX Group trading platform.

Through the potential seamless blending with traditional online trading, the IronX Exchange could provide an overall increase in adoption and awareness of cryptocurrencies and crypto trading, leading to greater use of infrastructure previously unavailable to the early adopters.

The IronX Exchange Solution.jpg

Overview

Leveraging a cutting-edge system that will facilitate increased volume through multi-party interaction and interconnectivity with traditional online trading, the IronX Exchange plans to address existing crypto industry issues and optimize the crypto exchange experience for novice and experienced traders alike.

The IronX Exchange aims to address the aforementioned crypto market challenges by using a market-leading technology platform consisting of a multitude of high-grade features, as well as aiming to provide a highly secured interconnectivity between exchanges and third-party institutions to curtail liquidity problems and boost trade volume, which are the biggest challenges of new exchanges, and to facilitate high level of security and ease-of-use for all crypto traders purchasing currency (including FIAT). In addition, the IronX Exchange explores the possibility to offer a seamless connectivity with the IronFX Group traditional online trading platform that could leverage the IronFX Group’s long-standing, global operational excellence and multi-regulatory presence to introduce a new standard of customer support coupled with a strong regulatory framework. This seamless connectivity, if applicable, will be designed and implemented with care and could involve business processes, technology solutions (such as an interface between the two exchanges’ Customer Relationship Management systems) and strict policies — all designed and managed at the highest level of legal, regulatory and compliance standards.

The IronFX Group has partnered with a team of top-tier companies and advisors to deliver their advanced IronX Exchange with a coin backed by the real operations of a financial trading company. Partnerships will include the following:

• EmurooHK Group (www.emurQohk.io). creators of the Cardano Blockchain project, will be assisting in the IronX Exchange’s formation and growth and will be providing liquidity from the outset by listing their hugely successful ADA Coin on the IronX Exchange
• Smartoloqic Technologies (www.smartologic.io). for Blockchain consultancy and crypto strategy advisory

The IronX Exchange plans to utilize its platform token, IRX, as the main coin backing the system’s usage. Users will have the freedom to choose between paying trading fees in the currency of the transaction, or. paying in IRX tokens. Fees paid in IRX tokens will carry a substantial discount on the exchange, incentivizing frequent traders to use IRX for all fees and transactions. IronX Exchange plans to offer holders of IRX coins additional benefits in a variety of ways. Based on such holder’s IRX holding levels, they could be entitled to additional services and incentives such as personal account management, market updates, and possibly marketing bonuses, all adhering to the required regulatory procedures and policies.

Mock-up1.png

Key Success Factors

1. Regulation

a. Current issues

  • Lack of regulation among exchanges presents vast uncertainty for users, where issues of security and accuracy of transactions, as well as system capabilities, remain dependent on the various protocols established at choice by each exchange.
  • Clearing and settlement of transactions within unregulated exchanges present a greater rinsk sk to users unprotected by regulated channels, where funds can be misused without strict accountability in place.
  • Lack of peace of mind for users unprotected by regulated outlines for exchange operations, storage of funds and information protection.

b. The IronX Exchange offering

  • The IronX Exchange aims to be a fully regulated exchange featuring KYC and AML processes implemented via in-house procedures or integration of third-parties.
  • It is investigating the acquisition of a PI License under the Financial Conduct Authority (FCA).

2. Liquidity

a. Current issues

  • Shallow order books signal low trading volumes to potential users, creating hesitation among would-be adopters to begin trading,
  • Inconsistent volume results in volatile price swings, generating high rates of slippage and decreased profitability for traders,
  • Supply and demand efficiencies, including minimal trading pairs and coin offerings, critically injure the ability to maintain optimal volume and develop deep liquidity.

b. The IronX Exchange offering

  • Interconnected platform linked with multiple high-caliber exchange partners to boost volume,
  • Leveraging the technology provider’s ready-made connectivity with multiple existing exchanges to offer deep order books from launch,
  • Explore the possibility of seamless blending with traditional online trading to allow access to the FX market with the deepest liquidity available globally.

3. Customer support

a. Current issues

  • Lack of experienced and/or knowledgeable customer coverage teams available to answer high-level customer queries and provide fast solutions to user difficulties,
  • Insufficient customer support resources and communication portals with limited language coverage, suboptimal methods of communication, and/or unintuitive interfaces.

b. The IronX Exchange offering

  • Experienced, multilingual customer support team with coverage in over 30 languages,
  • Dedicated account managers providing hotline support and live chat options flor or fast and efficient handling of queries, 24/7.

4. Technology

a. Current issues

  • Suboptimal technical architecture in many exchanges leaves users forced to contend with unintuitive and complex platforms better suited to the sector of expenericed digital asset traders, with new users exposed to unnecessary difficulties when enterientenng ng the site.
  • Insufficient security systems in place within many exchanges pose a potentially critical problem for users’ data protection.

b. The IronX Exchange offering

  • The IronX Exchange will be using an advanced platform with the meticulously designed interface for intuitive, easy use; built with advanced as well as novice users in mind.
  • The IronX Exchange will include high-grade security features including, inter alia: two-factor authentication through Google Authenticator application: rate-limiting, concurrent connection limits; encrypted Transport Layer Security (TLS) connections;
  • The IronX Exchange aims to undertake audits from internationally reputable specialist third-party security audit consultants on its platform and wallet infrastructure and will also follow strict internal operational procedures, audited by third-party consultants, including cold storage wallet environment similarly utilized by leading global exchanges.

5. Easy FIAT-to-CRYPTO conversion

a. Current issues

  • The vast majority of prominent cryptocurrency exchanges do not allow users to purchase digital assets with FIAT, making an initial new-user entrance into the market more difficult and time-consuming.

b. The IronX Exchange plans to offer

  • Seamless FIAT deposits and withdrawals facilitated by connectivity between the platform and crypto-friendly banking institutions,
  • Seamless blending with traditional online trading to allow access to the FX market with the deepest liquidity available globally.

Technology Platform

Key features

We intend to base the IronX Exchange platform on AlphaPoint’s technology. It will utilise ground-up implementation to deliver next-level solutions to current industry problems. Based on the same high-grade architecture used by major trading systems, the IronX Exchange will provide the following system features:
• Ultra-high performance architecture for handling global scale industries
• Accelerated performance; 1 million trades per second
• Intuitive, easy-to-use interface
• High-grade securisecunty ty and data protection
• Simple systems management
• Constant, top-of-the-line system performance
• Error detection codes on all records
• Always active, dynamic database
• Comprehensive customer coverage and service offerings
• Quick failover support
• Simple systems management
• HFT capable systems
• Monitoring and alert
• Seamless fail-safe modes
• Easy FIAT-to-CRYPTO purchasing capabilities

Benefits

The benefits of use for clients of the IronX Exchange platform will include, among others, the following:
• Access to multiple different cryptocurrencies
• 24/7 supported trading
• Fixed transaction fees
• Run reports
• Rapidly accepted deposits and withdrawals in CRYPTO and FIAT for all users
• Audit trades
• Automatic dispersal of Daily Account Statements or configure default recurring daily reports for newly registered users
• Ability to place, edit and cancel limit orders into the order book via API
• Matching Engine — lean design matches orders at throughputs in excess of 1 million transactions per second
• Nine supported order types including market, limit and stop

Device Coverage

The IronX Exchange will offer the ability for clients to seamlessly trade across all common devices, including:
• Android and IOS systems
• Desktops
• Tablets
• Traditional online trading platforms e.g. MT4 and Webtrader

Device Coverage.jpg

Business Model

  • The IronX Exchange business model is simple. The IronX Exchange will charge trading fees, withdrawals fees and listing fees.
  • The IronX Exchange initial trading fees will be 0.2%.
  • The IronX Exchange may charge a small fee for withdrawals.
  • The IronX Exchange plans to become a destination for ICO companies to list their coins. For such a service, the IronX Exchange will perform a thorough due diligence and companies that will qualify to be listed, will pay for such a service a setup and annual fees — in IRX.

Contributors will be able to use their IronX Exchange crypto account to fund a newly-created IronFX Group online trading account with their crypto coins and benefit from a discount on other asset class trading spreads. When such contributors fund their accounts with IRX tokens, they will benefit from a higher discount. This discount will be executed in the form of a rebate paid in IRX tokens.

The IRX Token

IRX is the exchange coin. It is an ERC-20 utility token that will serve as the main coin backing the system’s usage. Users will have the freedom to choose between paying their tees, such as trading fees, in the currency of the transaction, and. paying in IRX tokens. Fees paid in IRX tokens will carry a discount on the exchange according to the below table, incentivising frequent traders to use IRX for all fees and transactions.

The IRX Token.jpg

Holders of IRX coins will also benefit in a variety of ways. Based on holding levels, they will be entitled to additional services and incentives such as personal account management, market updates, and marketing bonuses. We are also exploring the possibility of providing the benefit of offering discounts on spread paid in IRX tokens to IronX Exchange traders who use their crypto funds to open a trading account with the IronFX Group.

Benefits for IRX holders in the ecosystem

The IronX Exchange and the IronFX Group are exploring the possibility to provide holders of IRX tokens benefits among the other group’s companies and trading platforms, such as, but not limited to higher leverage, trading bonuses, upgrade on accounts status and more.
Please see below some indicative potential benefits on the IronFX Group’s platforms for the IRX holders:

Token Economy

IRX Token Sale

The IRX Token private sale ran from the 20″‘ ol June 2018 until the SO»1 ol August 2018 and successfully sold 67,691,787 tokens, at the pripnce ce ol $0.33 (USD) per token, tor a value of $22,338,290 (USD). After a successful private sale, IronX has decided to release an additional up to 82,308,213 tokens for the public sale.

BUY TOKENS: https://ironx.io

IRX Token Sale.jpg

In addition to the details listed above, any contributor who participates with an amount of greater than $50,000 (USD) will be entitled to bonus tokens. The bonus tokens will be issued as a percentage of the initial tokens purchased by the contributor and will be vested with the company for nine months, with 1/3 released every three months.

IRX Token Sale2.jpg

IRX Token Distribution

IRX Token Distribution.jpg

Use of proceeds

Use of proceeds.jpg

Links:

Website: https://ironx.io
Whitepaper: https://ironx.io/IronX_WP_Version_1.2.pdf
Facebook: https://www.facebook.com/IronXExchange/
Telegram: https://t.me/IronX_exchange
Twitter: https://twitter.com/IronXExchange
Reddit: https://www.reddit.com/r/IronX_Exchange/
Instagram: https://www.instagram.com/ironx_exchange/
Linkedin: https://www.linkedin.com/company/ironx-exchange/
Youtube: https://www.youtube.com/channel/UCEo_JHbwqQWXRVfpqxcBZAQ
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=5059654.0

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The bitcointalk name: mreretic
Profile links : https://bitcointalk.org/index.php?action=profile;u=1716487

cryptocurrency

Tokeneo — World’s Community-owned Crypto Exchange

Tokeneo.jpg

Website: https://tokeneo.io/

The overriding objective of Tokeneo consists in creating a one-of-a-kind system which will enable investors to participate in the financial success of the platform. The natural questions that get asked are ”what makes us stand out from tens of other existing cryptocurrency exchanges” or ”why what do is significant”? Answer them and explain it all below. Will familiarize you with a signature dividend-based system of Tokeneo which constitutes one of the most critical elements of platform. From the very beginning of works top priority was to offer a token that provides provides a real passive income and a secure and steady source of regular proceeds without the necessity to speculate.

To put it simply, Tokeneo is a cryptocurrency and token exchange whose investors (the holders of TEO tokens) will be in a position to participate in the distribution of the generated profit. Yet ambitions go way beyond the creation of another trading platform. The aim of business activity is to build a complete ecosystem of cryptocurrency-related services for a fast growing industry with Tokeneo being its most critical element.

At the same time are working on several satellite products that complement the exchange offer and match the specific market needs. It will be an online cryptocurrency exchange office Tokeneo.cash enabling a fast token exchange without any additional identity verification and the very first Polish cryptocurrency fund Cryptoinvestia which aims at making it easier to enter the cryptocurrency markets for the persons who are only learning the nuts and bolts of the blockchain technology. Given the reality of the current technologies that keep developing rapidly, only a comprehensive comprehensive approach can guarantee resounding success, therefore can assure you that Tokeneo will offer an exceptionally wide range of products where there is something for everyone.

Tokeneo will be the first exchange which you can really own. Each and every TEO token holder will participate in the distribution of profits from the transactions on the exchange. Everyone will receive on a daily basis 50% of the profit generated by the exchange. Tokeneo is the only exchange and the only ICO which guarantees in 100% its establishment. Irrespective of achieving the fundraising at the soft cap or hard cap level or below Tokeneo will come into being with the use of own funds as well as investors’ funds in the amount collected by us.

Concept

Concept consists in a core principle of an even distribution of profits between the exchange and the investors supporting it at an early stage. The total of transaction fees collected as a part of system will be in 50% allocated automatically to the wallets of users. The fees themselves can be collected in the form of all tokens available on the exchange, therefore as a TEO holder you will de facto be in a position to “mine” several, a dozen or so or even several dozen cryptocurrencies at once. The disbursements will remain proportionate to their involvement in the platform expressed expressed by the amount of TEO tokens deposited on exchange. In order to join the system, all you have to do is to register your account on exchange and make even the smallest TEO deposit.

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Mission

From the very moment of launching the Tokeneo platform its users will have a chance to freely trade on the minimum of twenty five token markets, on which thanks to the raised funds can ensure appropriate liquidity. The selection of these markets will correspond to the current sentiments in the industry, it will focus on the most interesting available technologies, the biggest potential for their growth and adoption, but also taking into account the expected turnover. Determined to support the projects with long-term strategy and development plan and having the most most solid foundations, since this is convergent with own investing philosophy. Will also prop up the projects that can, to some degree, complement own offer and extend the range of services rendered by Tokeneo so that could remain competitive to other platforms.

Bitcoin will, at an early stage, serve as the main settlement currency for entire ecosystem, hence the alternative currency markets will operate in pairs to Bitcoin. One of the highlights of offer will also be the fiat markets, that is the markets of national currencies. will make every endeavor to have at least one of the cryptocurrencies with the open fiat market for the currencies like EUR, USD or GBP already at the moment of the exchange launch. The options available to the users at the moment of the exchange roll-out will at the initial stage constitute the essence of offer. At the very very beginning Tokeneo will offer approximately twenty five cryptocurrency markets in pairs to Bitcoin. Tokeneo will also offer deposits in a selected fiat currency such as EUR or USD, which means opening additional markets in cryptocurrency pairs to fiat.

Probably it will not come as a surprise to anyone that first will focus on the Bitcoin-fiat markets, but can guarantee that more are to come as early as this year.

In order to facilitate access to platform for as many people as possible, for the individuals trading in the national currencies other than EUR or USD a fully integrated sys system will be in place, allowing for the exchange of the already deposited funds into the target currencies, whose markets will be opened in pairs to, for example Bitcoin

Security

The security of the investors entrusting their funds to us in the ICO is utmost priority. The dividend-based system was devised with a view to minimizing the currency risk and curtail manipulations on the TEO market. The very fact that as much as 90% of these tokens will remain in the hands of the investors will also contribute to significant risk reduction and it will enhance the investment comfort of the fundraising participants. What consider of pivotal importance is transparency and untrammeled exchange of clear information between the investors and Tokeneo. coopera cooperation with government agencies and the careful selection of the appropriate jurisdiction also proved to be instrumental in increasing the security of both investors and users and the stability of running a business. As regards such issues, continue to conduct consultations with the local authorities on an ongoing basis and were able to obtain the best possible solutions for us. The technical side is taken care of by certified companies which handle the issues of cybersecurity – they will monitor regularly all the processes taking place on servers and they will respond rapidly to any hacking at any hacking attempts.

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Token TEO

The TEO token sold during ICO will be based on the ERC-20 protocol, so it will remain compliant with the principles and guidelines for the digital asset generation in the Ethereum network. The tokens will be generated under the contract operating in the base network. The total supply of TEO token amounts to 100’000’000 items (one hundred million) and this number will not change with time. The TEO tokens sold during the fundraising will be the only ones ever to be purchased. After the ICO completion, people interested in project will have a chance to repurchase the tokens tokens only from the persons who had purchased them originally during the initial offer. This will be possible in the free exchange market such as, among others, the Tokeneo exchange.

The holders of TEO token will participate in the distribution of profit generated by trading platform in accordance with the principles specified in this document. The profit will be distributed on a cyclical basis and paid out directly into the internal wallets of the exchange users in order to avoid generating any additional costs in the form of transaction fees in the parent networks of the collected tokens. Tokeneo will collect transaction fees in the form of tokens of individual currency pairs (for example, Bitcoin in pair to Litecoin) in each and every market can expect income in the form of two tokens (in this case Bitcoin and Litecoin). The fees collected in this way will be divided proportionally to the number of the held TEO tokens and sent to the exchange wallets of the user participating in their distribution.

token devid.jpg

Allocation and Distribution of Token

Allocation and Distribution of Token.jpg

Roadmap

roadmap.jpg

Links:

Website: https://tokeneo.io/
Whitepaper: https://tokeneo.io/tokeneo_whitepaper.pdf
Twitter: https://twitter.com/T0keneo
Facebook: https://www.facebook.com/Tokeneo-1014611472048903/
Telegram: https://t.me/tokeneo
Medium: https://medium.com/@tokeneo
Linkedin: https://www.linkedin.com/company/tokeneo/
Bitcointalk Bounty thread: https://bitcointalk.org/index.php?topic=4790633.msg43233051#msg43233051

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The bitcointalk name: mreretic
Profile links : https://bitcointalk.org/index.php?action=profile;u=1716487

cryptocurrency, Uncategorized

Sonata.ai — crypto exchange with long-term profit

sonata.jpg

Website: https://www.sonata.ai/

Sonata is cryptoexchange was created in cooperation with experienced exchange brokers and Forex analytics.

Product is built with security as the highest priority. All coins are securely stored on cutting-edge hardware wallets. The user-friendly interface of Sonata is fine-tuned for beginners and skilled brokers alike. It is packed with advanced functionality, including custom AI price prediction. Use the full potential of chat rooms on the platform and learn directly from expert brokers.

Security

The main concern of any rationally thinking investor must be the safety of a given service. Provide multiple security layers, including unmatched server-side security, hardware wallet storage and premium protection against phishing and DDoS attacks. Have learned from the best and will secure your investment no matter what.

Are still in process of testing all possible security measures, but have already created a basic set of rules for the exchange. The set includes, but is not limited to, the following:

  • Strict internal security processes, risk and vulnerability management
  • Certified data center that meets the highest security standards – ISO 27001, SOC 1 and
  • SOC 2/SSAE 16/ISAE 3402, PCI Level 1, Sarbanes-Oxley (SOX), FISMA Moderate
  • Port scanning
  • An isolated database environment
  • Individual microservices, communication via an encrypted protocol
  • 90%+ test coverage
  • Regular test-first updates of all used dependencies
  • Secure communication over IPsec (Internet Protocol security)
  • SQL injection protection
  • EV SSL certificate
  • SSL/HTTPS + HSTS
  • Cross-site scripting protection (XSS)
  • Cross-site request forgery protection (CSRF)
  • High efficiency DDoS protection
  • Spoofing and sniffing protection
  • IP address blacklist
  • Strong password policy with two-factor authentication (SMS verification, GoogleAuthenticator)
  • All passwords and keys will be stored using modern hashes (Argon2i, bcrypt, scrypt or PBKDF2)
  • Cryptography – do not use MD5, SHA-2 or similar hash functions that could meanpotential security vulnerability of the system. All sensitive data will be encrypted usingAES-256 encryption.
  • Private keys stored on multiple cryptocurrency wallets. The wallets will begeographically separate, so that compromise of one wallet will not endanger all keys.

Transaction fees

Although it may seem counterintuitive, will offer lower fees than most of the competition Fees will probably not be the lowest, but will maintain them at a competitive level. It is obvious that the SONT token holders would prefer the highest possible fees. Believe that it is crucial to attract large group of traders who will actually use the exchange and provide high liquidity, thus attracting more users to join. Fees are one of the criteria certain users will build their decision on, especially on the entry level.
Finding the “sweet spot” between low fees for the active users and rewarding payments for thetoken holders is one of the challenges Sonata has to solve continuously.

You can find the expected fees for the transaction and withdrawal below:

Transaction fees.jpg

Are planning to add other coins and tokens based on the volume trading and internal audit, so the system liquidity is ensured. Are expecting listing the major cryptocurrencies (Tether, EOS and Bitcoin CASH) in the first wave. Newly added assets will be announced in advance before they appear on Sonata.

User Interface

Conducted in-depth interviews with exchange experts and the results have shown that everyuser has different needs and likes different things when it comes to the user interface. Therefore, decided to make default interface based on the most common usage patterns. Designers have spent hours analyzing the user experience of professional brokers to build a truly distraction free interface. Aim to fulfill the needs of the majority of users.
However, plan an addition of customizable user interface to suit the needs of all of clients.

app-preview1500.png

Mobile apps

Sonata is not a single application, but a whole ecosystem. Although consider the web-based application as its core, the mobile application is not of any less importance. The mobile experience is a carefully planned part of the overall user experience and unlike what you might have seen in other cases, it is not just a smaller version of the core application. Mobile apps will provide all the basic features of the web exchange, portfolio overview, current income from SONT and also advanced notifications settings. Sonata will be available as a native app, both for Android and iOS.

Margin trading

Margin (also leverage) trading is an expert tool used to level up the order income. On the other hand, this highly requested functionality can represent a high-risk scenario for the lender and the exchange if not “done right”. It is quite difficult to master the right algorithm for pairing the lender with the buyer and that is one of the reasons, why the feature is not as common as it might be. Aware that margin trading is regulated or even restricted in certain countries. The platform will allow restriction of certain functions for specific countries, thus effectively providing the needed flexibility.

Margin trading.jpg

All coins and tokens in one place

Some exchanges do not offer small tokens because these tokens have low liquidity and not everyone is interested in buying them. However, there is a high demand for exchanges with a wide portfolio of tokens of different values. That is why Sonata will offer the majority of important tradeable tokens.
It is probable that will add tokens and coins gradually/one by one, so not all of them will be available at the launch of the first version. The key trading pairs included at the launch will be: Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH).

AI algorithms predicting price trends

Sonata will use a real-time market data and advanced AI algorithm to predict future price trends.
Confident to deliver a very precise prediction model built by artificial neural network (Long short-term memory). The algorithm is consulted with AI experts who have already created a working model of short-term prediction for gold spot price.
AI prediction can by no means be seen as the only instrument for informed investment decisions, but it can be a very helpful starting tool for beginners in the field.

AI algorithms predicting price trends.jpg

Bot-friendly API

Sonata will support all kinds of traders. Traders who prefer carefully planned long-term strategies can take advantage of bot-friendly, well documented API. You will be able to customize your own notifications, trading orders, limits and much more.

Sonata Token (SONT)

Sonata token (SONT) is based on Ethereum blockchain system and is standard ERC20 compliant. During the ICO period will offer 250,000,000 tokens out of total 500,000,000. Sale will start on October 8, 2018.

Token sale

Plan to divide the token sale into several stages, rewarding early adopters with the highest bonus rate. The token sale will not be limited by time, as is common for other ICOs, but by the amount of tokens. Once the tokens are sold, there will be no other chance to buy them with the given bonus. To keep the price of SONT steady, Sonata will lockout its tokens and will release them in regulated quantities, always in a given period of time

Token sale.jpg!

Phases of the sale are as follows:
Phases.jpg

Distribution.jpg

System of rewards for investors

Want to reward the community of investors and therefore, 80 % of all Sonata’s exchange fees is redistributed backto them. If you participate in coin offering, you can generate passive income from the exchange fees. The earnings are redistributed every month and your current revenue is displayed in your user profile.
Every user can freely transfer the tokens, send them to his wallet outside of the exchange or invest further. Investors are thus granted a transparent and easy-to-track system of rewards.

System of rewards for investors.jpg

Estimated payback period

Estimation of payback period is directly dependent on daily exchange volume of Sonata.

Estimated payback period.jpg

Roadmap

Q2 2015
First cryptocurrency investments. Ssearching for a single exchange platform that would fulfil all expectations. Fail to find one.

Q3 2015
Enjoy cryptocurrency trading and see enormous potential in this branch. Thinking about ways to enter the cryptocurrency market with a new product.

Q4 2016
The idea is born: Sonata will become a cryptocurrency platform designed for exchange, trading, P2P lending and maybe even more.

Q3 2017
Set up a team of designers, developers, marketers and specialists in the field of
exchange market analysis.

Q1 2018
Create a simple currency exchange aimed for the Czech market: SonataCoin.com.
There is a lot of potential for a new full-fledged exchange and the team agrees to start the development of such a service.

Q2 2018
The team laid the groundwork for Sonata.ai. Have a chance to meet with partners and advisers who are as enthusiastic.

Q3 2018
The first internal version of the exchange. The AI for price prediction is consulted with AI experts and can see the first results of short-term predictions.

Q4 2018
The public sale of SONT tokens is launched. Investment will be beneficial for investors thanks to smart payment mechanism. The mechanism pays out 80 percent of trade fees back to holders.

Q1 2019
The sale of SONT tokens is closed. Expanding team of developers and other specialists focusing on different tasks in order to innovate and upgrade the platform.

Q2 2019
The first public beta version of exchange platform is released. Holders of tokens are given the opportunity to be the first ones to try using it.

Q3 2019
Focusing on further development and testing of platform and upgrading mobile applications. The first batch of altcoins is listed.

Q4 2019
The first versions of mobile apps for Android and iOS are released to public. Publicly testing AI price prediction.

Q1 2020
The exchange application is continuously upgraded. Implementing own AI prediction of cryptocurrency prices. A large number of altcoins is listed.

Q2 2020
Expect almost 200,000 active users and the average daily trading volume of roughly $300,000,000.

Q3 2020
Public listing of altcoins and other tokens. Listing of SONT tokens expanded to other exchange markets.

Links:

Website: https://www.sonata.ai
Whitepaper: https://sonata.ai/documents/whitepaper-en.pdf
Facebook: https://www.facebook.com/sonata.cryptoexchange/
Telegram: https://t.me/joinchat/IwX6Zg-NhB3cJK1hPfbzVw
Twitter: https://twitter.com/Sonata_ai
Medium: https://medium.com/@sonata_exchange
Youtube: https://www.youtube.com/channel/UClGMr5_1zktOxmOdd9mUq5A
Reddit: https://www.reddit.com/user/Sonata-ai
Linkedin: https://www.linkedin.com/company/sonata-ai/
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=5048214.msg46750908#msg46750908

=============================================================
The bitcointalk name: mreretic
Profile links : https://bitcointalk.org/index.php?action=profile;u=1716487

cryptocurrency

Tokeneo — World’s Community-owned Crypto Exchange

Tokeneo.jpg

Website: https://tokeneo.io/

The overriding objective of Tokeneo consists in creating a one-of-a-kind system which will enable investors to participate in the financial success of the platform. The natural questions that get asked are ”what makes us stand out from tens of other existing cryptocurrency exchanges” or ”why what do is significant”? Answer them and explain it all below. Will familiarize you with a signature dividend-based system of Tokeneo which constitutes one of the most critical elements of platform. From the very beginning of works top priority was to offer a token that provides provides a real passive income and a secure and steady source of regular proceeds without the necessity to speculate.

To put it simply, Tokeneo is a cryptocurrency and token exchange whose investors (the holders of TEO tokens) will be in a position to participate in the distribution of the generated profit. Yet ambitions go way beyond the creation of another trading platform. The aim of business activity is to build a complete ecosystem of cryptocurrency-related services for a fast growing industry with Tokeneo being its most critical element.

At the same time are working on several satellite products that complement the exchange offer and match the specific market needs. It will be an online cryptocurrency exchange office Tokeneo.cash enabling a fast token exchange without any additional identity verification and the very first Polish cryptocurrency fund Cryptoinvestia which aims at making it easier to enter the cryptocurrency markets for the persons who are only learning the nuts and bolts of the blockchain technology. Given the reality of the current technologies that keep developing rapidly, only a comprehensive comprehensive approach can guarantee resounding success, therefore can assure you that Tokeneo will offer an exceptionally wide range of products where there is something for everyone.

Tokeneo will be the first exchange which you can really own. Each and every TEO token holder will participate in the distribution of profits from the transactions on the exchange. Everyone will receive on a daily basis 50% of the profit generated by the exchange. Tokeneo is the only exchange and the only ICO which guarantees in 100% its establishment. Irrespective of achieving the fundraising at the soft cap or hard cap level or below Tokeneo will come into being with the use of own funds as well as investors’ funds in the amount collected by us.

Concept

Concept consists in a core principle of an even distribution of profits between the exchange and the investors supporting it at an early stage. The total of transaction fees collected as a part of system will be in 50% allocated automatically to the wallets of users. The fees themselves can be collected in the form of all tokens available on the exchange, therefore as a TEO holder you will de facto be in a position to “mine” several, a dozen or so or even several dozen cryptocurrencies at once. The disbursements will remain proportionate to their involvement in the platform expressed expressed by the amount of TEO tokens deposited on exchange. In order to join the system, all you have to do is to register your account on exchange and make even the smallest TEO deposit.

11.jpg

Mission

From the very moment of launching the Tokeneo platform its users will have a chance to freely trade on the minimum of twenty five token markets, on which thanks to the raised funds can ensure appropriate liquidity. The selection of these markets will correspond to the current sentiments in the industry, it will focus on the most interesting available technologies, the biggest potential for their growth and adoption, but also taking into account the expected turnover. Determined to support the projects with long-term strategy and development plan and having the most most solid foundations, since this is convergent with own investing philosophy. Will also prop up the projects that can, to some degree, complement own offer and extend the range of services rendered by Tokeneo so that could remain competitive to other platforms.

Bitcoin will, at an early stage, serve as the main settlement currency for entire ecosystem, hence the alternative currency markets will operate in pairs to Bitcoin. One of the highlights of offer will also be the fiat markets, that is the markets of national currencies. will make every endeavor to have at least one of the cryptocurrencies with the open fiat market for the currencies like EUR, USD or GBP already at the moment of the exchange launch. The options available to the users at the moment of the exchange roll-out will at the initial stage constitute the essence of offer. At the very very beginning Tokeneo will offer approximately twenty five cryptocurrency markets in pairs to Bitcoin. Tokeneo will also offer deposits in a selected fiat currency such as EUR or USD, which means opening additional markets in cryptocurrency pairs to fiat.

Probably it will not come as a surprise to anyone that first will focus on the Bitcoin-fiat markets, but can guarantee that more are to come as early as this year.

In order to facilitate access to platform for as many people as possible, for the individuals trading in the national currencies other than EUR or USD a fully integrated sys system will be in place, allowing for the exchange of the already deposited funds into the target currencies, whose markets will be opened in pairs to, for example Bitcoin

Security

The security of the investors entrusting their funds to us in the ICO is utmost priority. The dividend-based system was devised with a view to minimizing the currency risk and curtail manipulations on the TEO market. The very fact that as much as 90% of these tokens will remain in the hands of the investors will also contribute to significant risk reduction and it will enhance the investment comfort of the fundraising participants. What consider of pivotal importance is transparency and untrammeled exchange of clear information between the investors and Tokeneo. coopera cooperation with government agencies and the careful selection of the appropriate jurisdiction also proved to be instrumental in increasing the security of both investors and users and the stability of running a business. As regards such issues, continue to conduct consultations with the local authorities on an ongoing basis and were able to obtain the best possible solutions for us. The technical side is taken care of by certified companies which handle the issues of cybersecurity – they will monitor regularly all the processes taking place on servers and they will respond rapidly to any hacking at any hacking attempts.

12.jpg

Token TEO

The TEO token sold during ICO will be based on the ERC-20 protocol, so it will remain compliant with the principles and guidelines for the digital asset generation in the Ethereum network. The tokens will be generated under the contract operating in the base network. The total supply of TEO token amounts to 100’000’000 items (one hundred million) and this number will not change with time. The TEO tokens sold during the fundraising will be the only ones ever to be purchased. After the ICO completion, people interested in project will have a chance to repurchase the tokens tokens only from the persons who had purchased them originally during the initial offer. This will be possible in the free exchange market such as, among others, the Tokeneo exchange.

The holders of TEO token will participate in the distribution of profit generated by trading platform in accordance with the principles specified in this document. The profit will be distributed on a cyclical basis and paid out directly into the internal wallets of the exchange users in order to avoid generating any additional costs in the form of transaction fees in the parent networks of the collected tokens. Tokeneo will collect transaction fees in the form of tokens of individual currency pairs (for example, Bitcoin in pair to Litecoin) in each and every market can expect income in the form of two tokens (in this case Bitcoin and Litecoin). The fees collected in this way will be divided proportionally to the number of the held TEO tokens and sent to the exchange wallets of the user participating in their distribution.

token devid.jpg

Allocation and Distribution of Token

Allocation and Distribution of Token.jpg

Roadmap

roadmap.jpg

Links:

Website: https://tokeneo.io/
Whitepaper: https://tokeneo.io/tokeneo_whitepaper.pdf
Twitter: https://twitter.com/T0keneo
Facebook: https://www.facebook.com/Tokeneo-1014611472048903/
Telegram: https://t.me/tokeneo
Medium: https://medium.com/@tokeneo
Linkedin: https://www.linkedin.com/company/tokeneo/
Bitcointalk Bounty thread: https://bitcointalk.org/index.php?topic=4790633.msg43233051#msg43233051

=====================================
The bitcointalk name: mreretic
Profile links : https://bitcointalk.org/index.php?action=profile;u=1716487

cryptocurrency, Uncategorized

RipaEx — hybrid-decentralized exchange

hybrid-decentralized exchange.jpg

Website: https://ripaex.io/

Ripa Exchange is an crypto asset (fiat money or cryptocurrency or something) marketplace, follow-ing the latest industry standards and resting in the principles of “open source, secure and efficient”. Ripa Exchange aims to serve a platform for crypto-currency enthusiasts by providing a safe, secure, UI responsive, customizable and easy to use exchange that embraces open source principles and public trust.

Ripa Exchange is implemented with the Rails framework and other cutting-edge technologyand will be migrated to an hybrid-decentralized exchange where all exchanges in the Ripa networkwill share liquidity thanks to RLSP technology.

“Mission is to build the world best open source crypto asset marketplace witha high performance trading engine and safety which can be trusted and enjoyed by users. Additionally want to move the crypto currency exchange technology forward by providing support and add new features. Are helping people to build easy their own exchange around the world.”

The Ripa Blockchain

The RipaEx project will have its own blockchain called Ripa which will be run on the DPOS protocol and has the XPX token (P symbol) running on it that will serve the five following purposes:

  1. to list new cryptocurrencies on Ripa Exchanges
  2. to advertise new projects
  3. to buy RipaEx gadget on the RipaEx Store
  4. to pay for the sell of goods & services on authorized resellers with RipaEx POS (Point of Sale)
  5. to share liquidity between Ripa Exchanges in the same network

Ripa (XPX orP ) is a cryptocurrency derivate from ARK, Lisk, Crypti and BitShares withunique differences and improvements for reaching the goal of shared liquidity between exchangesin the same Ripa network. This code however inherits the simplified interactions between ARK and other blockchain systems using DPoS as their consensus. This homogeneous codebase allows for the potential to provide service bridges in the form of ARK-Lisk blockchain apps, along with any other additional systems provided by their blockchain administrators.

RIPA BLOCKCHAIN IS AN ARK FORK AND THE USE OF A BLOCKCHAIN TECHNOLOGY FOR THE NETWORK OF EXCHANGES CREATED WILL COMPLETE THE RIPA ECOSYSTEM BY PERMITTING EACH EXCHANGE IN THE RIPA NETWORK TO SHARE THE SAME LIQUIDITY. WILL ALWAYS ENTRUST ARK AS BLOCKCHAIN TECHNOLOGY PROVIDER TO MERGE THEIR CODE INTO LATEST FEATURES FOR WHAT CONCERNING THE RIPA BLOCKCHAIN

Explained the use of the Ripa Blockchain in the RipaEx ecosystem and explained the RIPA — ARK technological relations what is following are the specifications of the Ripa Blockchain derived/inherited from ARK.

Delegated Proof of Stake Technology

Ripa Blockchain, will inherits the Delegated Proof of Stake (DPoS) consensus system that was first introduced by BitShares. This consensus algorithm was designed to eliminate the issues associated with Proof of Work (PoW), namely the centralization of computing power and the exponentially increasing waste of real world energy. While not completely decentralized as it relies on consensus by a fixed number of elected delegates, it guarantees a better decentralization than Bitcoin. The con-sensus algorithm implementation is improved over time, evolving into an optimal consensus system.

The technical description of the Ripa blockchain is as follow:

  1. DPoS (Delegated Proof of Stake)
    – 101 active forging Delegates
    – Delegates selected by vote mechanism built into DPoS
    – 115,000,000 XPX — Seeded Genesis Block
  2. Multi-signature accounts
  3. Constant block reward
    – 2P per block
    – Inflation Rate (with 8s block times)
    – 6.31% for the first year
    – 5.93% the 2nd year
    – 4.02% the 10th year
    – 8-second block time
    – Decreased block time possible with future upgrades to the core.
    – 25 transactions per block
    – Increased via soft fork as needed.
  4. Routing tables
  5. SmartBridge data field for custom use and bridging blockchains (ARK Contract Execution Service)
  6. Batch transactions
  7. Custom transaction fees
  8. Native smart contract execution

AS SAID RIPA BLOCKCHAIN IS AN ARK FORK AND WILL ENTRUST ARK AS BLOCKCHAIN TECHNOLOGY PROVIDER TO MERGE THEIR CODE INTO LATEST FEATURES FOR WHAT CONCERNING THEIPA BLOCKCHAIN, features like:

  1. Scaling network up to the level of major Credit Card networks with core upgrades
    – Increasing the number of Forging Delegates
    – Increasing the Block Size to include more transactions
    – Implementation of pre-approval PBFT block concept testnet [codename: TwinChain]
    – Routing tables, to minimize hops among nodes when blocks are broadcast
    – Include forging with RIPA Uncles.
  2. Two node types is used to secure the RIPA network:
    – Relay nodes — Nodes with full API functionality, acting as a back-end for the featurerich lite clients. Relay nodes do not collect any transaction fee and do not have the ability to Forge RIPA Blocks.
    – Forging nodes — Nodes with reduced API functionality, decreasing the exposure topotential DDoS attacks on the RIPA Platform. Forging nodes are able to Forge RIPAand receive transaction fees.
  3. Official lite client for network access is be provided shortly before the mainnet launch including desktop clients (Windows, MacOS, and Linux) and mobile clients (Android and iOS).
  4. OffLine wallet creation: the network itself does not use a Graphical User Interface by default. Any RIPA account can be created off-line and managed at no cost with a single device (computer, mobile phone, embedded ARM, IoT).

Hierarchical Deterministic (HD) Wallets (BIP32)

The structure of the public and private key generation follows the same specification as Bitcoin. A custom implementation of BIP32 for Hierarchical Deterministic Wallets is provided to RIPA users.

Fees

The fee for standard transactions is set atP 0.1 but the will be flexible in future releases of RipaBlockchain. At mainnet launch, a fee structure is provided out of the box to forging delegates withthe following rules:
– TransactionP 0.1
– VoteP 1 (101 votes per transaction)
– Second SignatureP 1
– Multi SignatureP 1 per signature +P 1 per signing account
– Registering a delegateP 25.
All fees are paid to the forging node which processes the block containing those fees.

Ripa Delegates and Delegate Voting

Any node running the core blockchain code wishing to become a forging node must register their account within the RIPA network. The fee for this registration is set to 25P per delegate account registered. RIPA incorporates a new DPoS voting system originally envisioned by the Crypti Founders. The RIPA system fee is 1P per delegate vote. The voting weight of each wallet will be split evenly between all delegates voted. For example:
– If a wallet votes for one delegate, that delegate receives 100% of the wallets voting weight.
– If that wallet votes for an additional delegate, the entire vote weight is split evenly between the two delegates at 50%.
– By adding a third delegate, the voting weight splits again, and each of the three delegates receives 33.333% of the voting weight from that wallet.

The 101 forging nodes with the highest number of votes are eligible to Forge RIPA blocks. This design eliminates the possibility that any single large RIPA holder or an organization holding large percentages of RIPA are able to gain control over the entire network by voting for all of their nodes into forging positions, thus effectively taking complete control over that DPoS Blockchain. Votes from XPX Tokens held by RIPA Crew may be used at RIPA Crew’s discretion.

Connecting Blockchains

ARK Bridged Blockchains (SmartBridge Technology)

The ARK Platform does not provide direct support for sidechains or dapp databases. Instead, a mechanism to bridge together blockchains is provided via a bridging function built into ARK Core where any blockchain can send and receive trigger function notices and informational data through the primary ARK network via custom developedSmartBridge(s)andEncoded Listeners

ARK SmartBridge Technology.jpg

A.C.E.S. — ARK Contract Execution Service

ACES is a blockchain interoperability platform that provides simple protocols and tools for building a robust blockchain service marketplace.
ACES is composed mainly of the following three components:
– ListenersACES Listeners provide a way for all the different blockchain transaction eventsto be easily consumed via a common REST-ful API. The API allows consumers to create subscriptions and receive blockchain events in real-time using Webhook callbacks.
– ServicesACES Services create and execute Service Contracts, which can be anything from uploading a file to a storage blockchain, performing value transfers, creating smart contracts, executing code on blockchain based computing platforms, or interacting with IoT hardware.
– Marketplace ConsoleThe ACES Marketplace Console is a consumer dashboard for search-ing and executing service contracts listed on the Marketplace. ACES Service providers can list their service nodes using the Marketplace API.

ARK-BTC A.C.E.S. SmartBridge Implementation Overview.jpg

Ripa Liquidity Service Provider (R.L.S.P)

Using the SmartBridge technology RipaEx will build a mechanism to share liquidity between all the exchanges in the Ripa network by writing the single exchange orderbook in the Ripa Blockchain and by executing order matching between all exchanges in the network.
In this way you can have the benefits of a decentralized orderbook (like liquidity) with thebenefits of a centralized exchange (like platinum customer support and FIAT exchange).

Ripa Community Fund

To permits the birth of new exchanges in the Ripa network a Ripa Community Fund — RCF — is created with the following characteristics:
– Starting Principal: the RCF will have a starting operating capital of 5% (5,750,000P ) of the genesis block
– Recurring Participation: each delegate will contribute to the RCF with 5% of its forged XPXs

To obtain funds from the RCF to start your own Ripa Exchange you will submit your proposal in the official RCF section in the Ripa forum at anytime after the first Ripa Exchange instance will be operational.

Token Sale

The RipaEx XPX token sale will be separated into two phases:
– PRESALE: that will run from April to June 2018
– RIPA TEC: that will run from July to December 2018

During the token sale the exchange rate for the XPX tokens will be P/€0.10.
The following cryptocurrencies are accepted:BTC, ETH, ARK, LISK.

Bonus for Investors and for new Users

For all investors in the RipaEx ICO will be givene1,000.00 credit in trading commissions in the first Ripa Exchange instance running, while a bonus of P 1,000.00 will be given to all new registered users during the RipaEx ICO to use at your own will.

XPX Ripa Token Distribution

115,000,000XPX tokens are seeded into the genesis block:

RIPA Founders Team.jpg

Division of Funds

Division of Funds.jpg

XPX Token Economics

As explained in section4the Ripa Blockchain will have its own XPX token (P symbol) that will serve the following purposes:

  1. to list new cryptocurrencies on Ripa Exchanges
  2. to advertise new projects
  3. to buy RipaEx gadget on RipaEx Store
  4. to pay for the sell of goods & services on authorized resellers with RipaEx POS (Point of Sale)
  5. to share liquidity between Ripa Exchanges in the same network

It is main purpose that the economy of the XPX token will stay healthy for all the duration of the RipaEx project for this reason will apply economic strategies to the token economy to make the price of the token rise constantly during all the duration of the project and beyond.

Roadmap

Roadmap.jpg

Links:

Website: https://ripaex.io/
Whitepaper: https://github.com/RipaEx/whitepaper/raw/master/eng/RipaEx_WP_EN.pdf
Facebook: https://www.facebook.com/ripaex
Telegram: https://t.me/ripaex
Twitter: https://twitter.com/ripaex
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=3759172

=============================================================
The bitcointalk name: mreretic
Profile links : https://bitcointalk.org/index.php?action=profile;u=1716487
Address: PPpNHHyxDQQYMjPRwRdWUmgJjfDGFAbA6r

cryptocurrency, Uncategorized

COINOLIX EXCHANGE with world-class trading facility

coinolix.jpg

Website: https://coinolix.com/

At coinolix are developing the first multifunctional cryptocurrency exchange ecosystem by combining a robust exchange platform and a decentralized blockchain protocol in which digital tokens are pegged to One US Dollar and backed by asset reserve as gold by Coinolix Exchange Limited to provide a decentralized method of exchanging value through Fiat pegged Coinamia coin.

A pure cryptocurrency exchange — Coinolix Exchange Limited

In today’s market there are two types of exchanges, fiat currency based exchange and pure cryptocurrency based exchange. Will only focus on pure cryptocurrency exchange.

A fiat pegged cryptocurrency solution — Coinamia Fiat Coin(USDC) A peer-to-peer crypto-currency design derived from Proof-of-stake consensus to provide network security. Each USDC coin unit issued into circulation is backed in a one to one ratio (i.e. One USDC is one US dollar) by the corresponding asset reserve held in bank by coinolix Limited. This cryptocurrency will be redeemable or exchangeable for the underlying asset reserve following to Coinolix Exchange Limited’s terms of service. it will be transferable and spendable, much the same as some other cryptocurrency.

Architecture

Trade frameworks should be designed starting from the earliest stage with security, effectiveness, speed, and adaptability as a main priority.
Numerous exchanges frequently pick the easiest way to deal with get the framework up and running. While this may function admirably to start with, as activity develops, the framework won’t ready to deal with the expanded network load.This frequently backs off the underlying advancement of exchange, yet it is basic for long haul achievement.

Liquidity

Since the crypto business is so new, it isn’t precisely coming in liquidity. Having a unsound order-book implies high slippage when trading cryptocurrency, which is exceptionally costly for traders.

Platform security

Almost all cryptocurrency is immutable and there is no way to change once transaction is made because of this exchanges refuse to take responsibility for transactions.There are several exchanges that went down due to being hacked.
There are propelled advancements that exchanges would profit by with respect to recognising endeavoured hack.Nonetheless, these advancements are expensive to the point that exchanges have no chance to get of gaining admittance to them, meaning they are liable to almost any programmer with enough know-how to get around their security frameworks.

Poor customer support

Traders are a different breed when it comes to users. Understanding the users problem is vital for running a successful exchange.At the point when the exchange demonstrations in a way that undermines trust of trader would be unacceptable, resulting in a tones of user complaints.

Language support

Cryptocurrency market have no borders, Most of the exchanges concentrate just on one dialect or one nation and this result in poor support for this international market.

Banking hurdles

Banks are additionally obstructing boundless trade selection of the exchanges, due to extreme volatile condition of cryptocurrency market. Banks put them self in back foot when it comes to verification and users background checks.

Coinolix Exchange

Trading Engine

The matching engine of the Coinolix Exchange is fit for managing 1,200,000 order per second. High number of trade requests can be countered with the adaptable and extensible engine in a matter of moments. Along these lines, matching engine can stand up for itself with one of the quickest and most secure engine available in current market.Thus, traders can be saved from basic issues like stuck trading requests or tedious handling of the trades.

Features:

● Spot market trading
● Margin trading
● Futures market trades

Tradable Assets:

Coinolix exchange will support trading pairs in the following coins.
● BTC
● ETH
● XRP
● NEO (ANS)
● LTC
● DASH
● CLX (Coinolix Coin)
● USDC (USD pegged Coinolix coin)

By and large will just include coins that have solid validity, client base, and liquidity.Have no plans to add any fiat monetary standards at all.More coins will be included in near future.

User interface (UI):

At Coinolix exchange Will provide cross-platform Device Coverage:
● browser-based trading platform
● Android app platform
● iOS app platform
● PC (Windows, mac, linux) trading platform
● REST API

Language support

Will support English, Chinese,Russian, Japanese and Korean on all of user interfaces. (The very initial release will be in English and Russian only.) More languages will be added over time.

Revenue source

Trading fee: Will at first charge a 0.2% fees for every settled exchange. Different varieties of fees will be along these lines presented in future, including market maker-market taker, volume based discounts and 0 fee promotions.

Withdrawal fee: charge some small amount of fees at the time of withdrawal.

Margin fee: On the off chance that you exchange on margin, there might be a charge or interest on the acquired sum.

Coin listing fee: Will select coins through verification process and make sure that the assets to be listed on the exchange are unique and can create value in future, may charge a fee for listing new coin on exchange.

24/7 Customer support :

Rather than giving pre-designed script to the customer, prefer to share support and responsibilities to be distributed within staff and company in such a way that customer specific problem can be solved by the designated officer for that particular problem.

Security :

DDoS attacks protection: Due to high-traffic activity cryptocurrency exchanges are regularly prone with DDoS attack. Use secure distributed network of CDN (content delivery network) server that can successfully take load of good number of database request in any given moment to keep exchange services online 24/7.

Exchange audit: devoted Vulnerability Research Team will watch the platform execution day in and day out to keep any conceivable defencelessness attacks. Will also think of additional safety efforts as the market appropriation develops in upcoming future.

Encryption and Backup: Will use complex encryption strategies and perform day by day information reinforcements to ensure all the user data is secure. This approach moved down by decentralized foundation will enable us to secure client’s information even in the direct outcome imaginable of hypothetical hacking attack.

Two-factor authentication: by applying two-factor authentication on top of username and password to secure users from phishing site and email vulnerability.

CLX Token Detail

CLX Token is an ERC20 standard token from the Ethereum Blockchain. This multipurpose token that can be used as a medium of exchange as well as for paying transaction fees, trading fee, withdrawal fee, listing fees on Coinolix Exchange.

Coinolix Token.jpg

Pre-sale Detail

Pre-sale Detail.jpg

ICO crowdsale Detail

ICO crowdsale Detail.jpg

Token distribution

Token distribution.jpg

Fund usage Detail

Fund usage Detail.jpg

Buy Back & Burn Program

• Every quarter, use 20% of Coinolix exchange profit to buy back CLX coin sold during ICO and burn them.
• CLX coin buy back program will continue until 60% of all publicly issued CLX coin are burned.
• CLX coin Buy Back & Burn Program begins in Q3 2019.

Buy Back & Burn Program.jpg

Roadmap

March 2017

Cryptocurrency exchange technical and market research begins for next generation centralized and decentralized exchange development.

August 2017

Cryptocurrency trade engine finalized and review face begin for security audit and UI development of exchange.

January 2018

Gathering of highly skilled development team for building exchange and finalising blockchain technology for Fiat coin altogether.

March 2018

Market research and analysis for Planning Initial Coin offering Finalizing.

July 2018

Starting of Airdrop and white listing and KYC registration for crowdsale.

August 2018

Fiat coin blockchain development and consensus development audit.

October 2018

ICO Pre-sale Phase begins fo Fifteen days from 8 Oct 2018 to 07 Nov 2018.

November 2018

Beginning of ICO crowdsale is from 8 November 2018 to 13 December 2018.

January 2019

Beta version of the exchange online.

Q1 2019

Announcement of tie-ups with third party trustee for gold reserve and liquid reserve audit.

Links:

Website: https://coinolix.com/
Whitepaper: https://coinolix.com/document/coinolix-whitepaper.pdf
Facebook: https://www.facebook.com/coinolix/
Telegram: https://t.me/coinolix
Twitter: https://twitter.com/coinolix
Reddit: https://www.reddit.com/user/coinolixexchange
Linkedin: https://www.linkedin.com/company/coinolix-exchange/
Medium: https://medium.com/@coinolix
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=4963053.msg44749385#msg44749385

=============================================================
The bitcointalk name: mreretic
Profile links : https://bitcointalk.org/index.php?action=profile;u=1716487

cryptocurrency, Uncategorized

CRYPTOSOUK — CRYPTO EXCHANGE FOR MIDDLE EAST

CRYPTOSOUK.jpg
Buying, selling, holding and trading cryptocurrency is hard. Excited about the various new decentralized exchange ideas being developed but they often suffer from a severe lack of liquidity and market making. In the middle east, however, more active traders and investors are looking for a higher touch, and easier to use trading partner that more matches their existing expectations of partcipating in financial markets. Our customers also want to know that there are local people in the region that they can reach out to who speak their language and understand their customs.

SOLUTION

CryptoSouk has launched a cryptocurrency trading platorm from ST Vincent & the Grenadines and Kuwait. The exchange shall be launched at the beginning of Q3 2018 with trading pairs supportng Bitcoin, Ethereum, Litecoin, Ripple, Dash, Zcash and Monero. The company plans to continue to add trading support for additional crypto assets that the company feels exceed certain diligence minimums. Our exchange also allows for account loading by cryptocurrency or fiat payments. Based on the founding teams expertse, have chosen partners to help us deliver both the exchange platorm, liquidity on our exchange and a breadth of funding options.
Believe that will be able to continue to grow in the region based on the following competitive factors. First that being able to transfer fiat currency in and out as inexpensively as possible and as native to Dinars, Dirhams, Riyals and Dollars as possible is critcal. To that end plan to invest in tools and partners who can help us lower those costs and make funding or redeeming fiat inexpensive and easy. Second, believe that, though not all crypto assets are worthy of listing on our exchange, that the diversity of trading pairs and crypto assets will be an important factor that customers will look to when they choose a preferred exchange. Third, that higher touch customer service is critcal in this region so plan to invest in customer service to be able to provide a more human touch at scale while doing so efficiently and profitably. Last but not least, the teams localized knowledge of KYC/AML relevant documentation will play a key role in providing a unique and frictionless user experience.
Аactors that will be able to continue to grow in the region based on the following competitive
  • transfer fiat currency in and out as inexpensively as possible and as native to Dinars, Dirhams, Riyals and Dollars as possible is critcal. To that end plan to invest in tools and partners who can help us lower those costs and make funding or redeeming fiat inexpensive and easy.
  • though not all crypto assets are worthy of listing on our exchange, that the diversity of trading pairs and crypto assets will be an important factor that customers will look to when they choose a preferred exchange.
  • higher touch customer service is critcal in this region so plan to invest in customer service to be able to provide a more human touch at scale while doing so efficiently and profitably. Last but not least, the teams localized knowledge of KYC/AML relevant documentation will play a key role in providing a unique and frictionless user experience.
Marketing plan is to employ regional experience by directing localized unique digital marketing content via the most optmized channels as well as focusing on education in Arabic as simple yet effective content delivery is few and far between today. Appreciation of Arabic high context societies will contribute heavily in our mission to create a significant engaged community which forms the backbone of any crypto related product, project or venture.
In-line with industry-wide best practices for digital marketing, the marketing spend will be allocated to two distinct mediums
two distnct mediums.jpg

CryptoSouk Referrals program

The CryptoSouk Referrals program is designed to generate viral growth, and be partcularly appealing to both our clients who can use their inner circles and to Influencers who can use their high profile social media accounts to publicize CryptoSouk.
CryptoSouk has a simple and very rewarding referral system. Each user with an account on CryptoSouk.Exchange will have their unique referral code that can be shared with others. Once another user signs-up using this referral code, the referee gets entitled to 50% of the transaction fee paid by their referral for an entire year.
For example, User A shares their referral code with User B. User B enters User A’s referral code when creating a new account. Over the year starting from date of User B’s account creation, 50% of all transaction fees paid by User B will be credited to User A.

IMPORTANT POINTS TO NOTE:

ref.jpg
Plan to use token to reward our early supporters. Buyers of the SOUK utlity token will get discounts on trading fees and other costs if paid for in SOUK tokens. Further plan to repurchase these tokens in the market with a porton of profits once are profitable. These incentves and rewards align the company with early supporters and customers.

TECHNOLOGY

Technology is oriented towards simplicity, security, and reliability to support a rich array of features.Top of the line trading UI — CryptoSouk is a premier trading and financial technology company. built the best digital asset exchange by focusing on the needs of professional traders and digital currency experts. Dedicated to making digital currency trading accessible, fast and totally secure.
• Enterprise matching engine with executon ability of 1 Million transactions persecond
• Native Charting
• Advanced APIs to access or provide liquidity to others
• Multiple integration ability for KYC/AML, Banking/PSPs
• 20+ order options including but not limited to; FILL or KILL, IOC, STOP, LIMIT, etc.
• Interoperability with Traditional and DLT infrastructure
• Institutional Grade Security combined Cold/Warm/Hot Wallet rule based systems

ROADMAP

Q2 — 2018

BETA Launch Exchange — SV
Joint Venture with Kuwait Partners

Q3 — 2018

ICO Private Sale — Malta
LIVE Exchange Launch — SV
Launch SOUK Token on our Exchange
Open Listing of new Tokens
System Upgrade to permit fees paid in SOUK

Q4 — 2018

ICO Pre-sale (or Main sale)
Malta Crypto Exchange Licensing
Develop proprietary Liquidity

Q1 — 2019

ADGM FSRA OCAB Licensing
Release Mobile App

USE OF PROCEEDS

USE OF PROCEEDS.jpg

TOKEN DISTRIBUTION

The token will be and ERC20 token on Ethereum called SOUK.
Plan to raise a maximum of $10 million and a minimum of $1 million
There will be 52,000,000 SOUK tokens created @ $0.50 each. Assuming the Hard Cap is reached, the token distribution shall occur as per below:
TOKEN DISTRIBUTION.jpg

TOKEN ECONOMICS

TOKENS WILL BE UTILIZED IN THREE PRIMARY WAYS:

  1. Tokens will be redeemable to pay trading, transfer and other fees at a discount of at least 30%. Reserve the right to create special promotons and windows where token discounts on fees will be higher for a period of time, but they will always be worth a discount of at least 30%. Certain pre-ICO and early ICO coin buyers will get an additional discount applied to the general fee discount.
  2. Tokens will be the method of payment for the listing of new asset pairs from projects that also meet our diligence review for soundness.
  3. The company will, afer $1,000,000.00 in initial profit as calculated under standard IFRS rules, use 20% of it’s quarterly profit from the previous quarter to acquire and burn SOUK tokens from the market in the current quarter. The company has the right to purchase tokens before the $1 million milestone and can, at its option, acquire more than the required 20% in any given quarter at its sole electon. The company will continue to acquire SOUK tokens until there are less than 5.6 million outstanding tokens.
However, the company, at its sole discretion, can re-acquire and burn all 52 million tokens originally issued.

Links:

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The bitcointalk name: mreretic