Blockchain is known as the revolutionary technology in the history of mankind. It's immutible, incorruptible and unhackable nature makes it more superior than any other existing technology. Blockchain is a distributed ledger technology which can store anything of value. Blockchain brings decentralization, transparency, security, reliability and speed. It has the capability to transform every sphere of our society.
Blockchain technology backed cryptocurrencies are known as the future of financial transactions. And they have the capability to disrupt the global economy. Cryptocurrency allows to facilitate instant, highly secured, anonymous, fast and low cost transactions across the world. They remove country barriers, helps to fight with corruption and money laundering. Overall cryptos can transform our existing payment systems.
Cryptocurrency exchanges are the platforms which allows to perform buying, selling and trading operations securely and conveniently. They are the prime movers of crypto market. Today there are many crypto exchanges are providing services to users. But none of them are perfect, they only focus on earning money rather than focusing on providing quality service to users.
Problems
Despite the growth of crypto market, the cryptocurrency exchanges have many fundamental challenges, which are:
• firstly, the crypto exchanges need to be fully secured, history has shown crypto exchange hacking attacks leads to million dollar losses;
• secondly, most of the crypto exchanges are focus on making money rather than focusing on users/trader's needs. They charge high fees upto 0.5% and makes huge money from every trade;
• thirdly, most of the exchanges not have suitable trading pairs and have limited number crypto coins which limits the users and traders to use the exchange;
• fourth one is user interface, many exchanges have complex user interface because of which novice traders face difficulties;
• fifth one is no support for fiat currency for performing trading operations on the exchange;
• and the last one is most debated one, whether the centralized or decentralized exchanges are suitable for the market. Both of them have their own advantages and disadvantages. But still the decentralized exchanges needs to be developed well to provide services according to the users requirements;
But now thanks to a team of professionals who want to provide solution to these problems by developing a cryptocurrency exchange called CoinCasso.
Project objective
The main aim of the project is to create a blockchain technology powered multifunctional hybrid cryptocurrency exchange focused on providing financial benefits to users. It has the potential advantage of centralized and decentralized exchanges.
Principle of operation
CoinCasso exchange is a community oriented and community powered platform, where community members have high influence over every developement of the platform. CoinCasso project focused on providing transparent and democratized solutions to its users.
CoinCasso platform is not just an exchange it is a product developed by the people for the people. It empower users and cooperates to adopt cryptocurrencies into their core applications. It is a multilayered and multifunctional exchange which has the advantage of both centralized and decentralized exchanges. It is worth noting point that here users can decide which token or coin to be listed on the exchange.
CoinCasso project has many other components to enhance the usability of cryptocurrencies such as:
• CoinCasso exchange 2.0;
• mobile wallet application for payment;
• a payment gateway;
• Crypto ATM's facility;
• POS terminals for easy payments;
The platform uses its own internal token called CCX. Token holders have many advantages, they can get 50% discount in trading fee, receive bonuses and can vote for coin listings.
Key benefits of CoinCasso
• it supports all types of trading features;
• user-friendly user interface;
• trusted ICO/STO will be listed;
• fiat currency services are available;
• 24*7 customer service available;
• it supports KYC and AML which eliminate scammers;
• user funds are stored in CoinCasso cold wallet;
• only 0.25% of trading fee well be charged;
• platform token holders can get 50% discount in trading fee;
• ATM network help users to make easy withdrawals;
• mobile application ease every platform operation;
• COINCASSO Pay is a first virtual card which is connected to mobile service providers;
ICO details
• Token ticker: CCX
• Platform: ERC20
• Total supply: 100 million
• Available for sale: 70 million
Conclusion
There is no doubt that CoinCasso platform will play an important role in accelerating the growth of cryptocurrency market. It will bring revolutionary transformation in crypto exchanges. The best part is, it is community oriented and community developed crypto exchange. It is worth noting point that the company has received cryptocurrency licence which brings more attention. This project needs much public attention and I wish all the best for this project.
Learn more about CoinCasso:
Website: https://coincasso.io
Read Whitepaper: https://coincasso.io/ENGLISH_CoinCasso_official_PLV1.pdf?v1.1
Telegram: https://t.me/ccxofficial
Facebook: https://m.facebook.com/coincasso/
Twitter: https://mobile.twitter.com/CoinCasso
Medium: https://medium.com/@coincasso
LinkedIn: https://www.linkedin.com/company/coincasso/
Reddit: https://www.reddit.com/user/CoinCasso
YouTube: https://www.youtube.com/channel/UCRGIWPbcK7pPlZ0bePHZxDQ?view_as=subscriber
About Author:
Bitcointalk username: Abhijeetcg
Bounty0x: abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
