Cryptocurrency trading is profitable, but not entirely secure. Moreover, in some countries, it is even a criminal offense, although it is rare. In general, basically, most of the states have not decided how to treat cryptocurrencies. There are several categories here. The first is the countries that do not recognize cryptocurrencies at all and do not particularly need them (for example, the United Kingdom and Sweden). There is no advanced crypto market because it is not needed. The population of these countries has a high level of welfare, national currencies are stable and highly rated, and residents of the country are not interested in any high-risk financial transactions.
The second category (which includes Russia) is the countries that are trying to regulate and restrict cryptocurrency. For example, in the USA already in September of this year, some crypto exchanges tried to lobby for themselves the right of official trading on the stock market, but the Securities Commission postponed the discussion of this issue. In the European Union, many countries limit miners and crypto traders, and in Ireland, they even tried to declare them crazy. All these states are united by one thing - they officially recognize the existence of cryptocurrencies, but consider them an instrument of financial fraud. In Russia, the recently adopted law on a digital property was not intended to legally approve trade rules and resolve some difficult situations, but rather to take out taxes from those who deal with similar operations.
Well, the third and smallest category is the countries that recognized cryptocurrencies and issued state licenses to crypto exchanges. Here the list is quite different, because there are highly developed Japan and South Korea, in which individual crypto exchanges go for billions of dollars in currency exchange, and there is Venezuela and some African states for whom legalizing cryptocurrencies is just a way to escape from hyperinflation and an attempt to solve financial problems.
This entire list was given with one goal - to show how crypto exchange work in different conditions, and how difficult it is to create a resource that would unite users of cryptocurrencies. Nevertheless, the MoonX project will try to do it.
The main idea of the platform and the roadmap of development
The existence of a huge number of cryptographic is not justified. Sometimes they are allocated on a territorial basis, sometimes on a financial basis, but a large number of resources on which cryptocurrencies are traded bring only confusion and good ground for speculation on their courses. What to say about security - many programmers of such exchanges either care very little about it or do not take it into account at all. There is no need to go far for examples - just a year ago in Japan, hackers cracked one of the most popular Japanese cryptocurrency resources and stole tokens holders' funds for 28 million yen. But to prove such crimes, and even more so to return the funds to users, is almost impossible.
MoonX seeks to resolve all the problems that have matured due to the chaos in the world of cryptocurrency trading. According to the developers, the resource will support more than 100 million accounts and, thanks to the low commission and the possibility of mining, will quickly conquer most of the cryptocurrency market. The transparency of trading will increase, which will accordingly increase the safety of users' funds. Naturally, there will be no any winding up of prices for cryptocurrencies (to stop their pumps and dumps), and any pair of tokens will be available for users to exchange, without having to change them to an intermediate currency, such as Bitcoin.
The project is developing rapidly - an alpha version is coming out in October, and December should be the month of launching MoonX on a full-fledged basis.
Details of the sale, the project team and more
The technical characteristics of the platform are fairly standard - a protocol based on Etherium, MoonX did not discover anything new in this area. However, an unusually different, minimum threshold of funds that the developers intend to collect is $ 28 million. Let's just say - a rather ambitious goal. On the other hand, it is impossible not to mention the very well-developed project marketing and transparent accounting of funds that investors provide to developers. Well, the project plans are no less ambitious than the financial goals set. MoonX has positioned itself as a new branch of the development of the financial system and is going to develop more than a dozen years.
The only thing that stands out from the ambitions and promises of the platform is the developers. Let's face it, there are no specialists with years of experience who could give the platform weight and significance. But young professionals are free from templates and work with full dedication.
So, MoonX, though striking the imagination with its idea, but still, the project should be treated with some caution. On the other hand, targeting large investors can fully guarantee the successful sale of tokens. So it is worth becoming interested in such an ambitious ICO, but you should always keep in mind the risks of failure of such large-scale projects. As they say "the higher you fly, the harder you fall".
Project info:
Website: https://www.moon.family/
Whitepaper: http://www.moon.family/wp-content/uploads/2018/08/MoonX-WP-1_v6.pdf
Telegram: https://t.me/Moon_Money
Facebook: https://www.facebook.com/MoonX333/
Twitter: https://twitter.com/MoonX555
LinkedIn: https://www.linkedin.com/company/moonx333
Autor info:
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1839498
amazing project! I am sure it will grow up very fast!