Hello audience it is a pleasure to have you on another exciting article on a disruptive ICO project called Ripaex. Ripaex is set to revolutionize the crypto exchange industry starting off with their centralized exchanged which will be upgraded to a hybrid decentralized exchange platform on full launch of the project which allows startup blockchain exchange to leverage on their network and platform to create theirs without having to build from the scratch.
The Challenges faced by startup cryptocurrency Exchange platforms
Since the boom of bitcoin, different sectors of the economy are finding a way to merge this disruptive technology to improve every industry. Although there has been criticisms especially from government to stifle the acceptance of cryptocurrency. In fact some countries like United States, South Korea, etc. banned the use crypto currency in any form within the country. But come to think of it bitcoin may not be accepted now but the technology behind its development is going to make a huge impact in every sector if properly implemented. Tech CEOs like Bill Gates, John McAfee, has admired the technology and believes it will go a long way in the industry although bitcoin may be not officially accepted now.
To keep the records straight bitcoin paved way for creation of other cryptocurrencies which have been termed as altcoins in the crypto industry. One major advantage of cryptocurrency to startups is the use of this blockchain technology to develop their project and raise funds with ease through ICOs. Before now startups have to rely on crowd funding to raise funds for kick-start of their project. Crowd funding was characterized by so many limitations like international business regulations, regional investment policies in form of shares, etc. but through ICO such barriers are eliminated and investors all over the world can participate without restrictions thereby helping startup companies to raise funds faster and with ease for their project.
The proliferation of many blockchain ICO projects led to flooding of the crypto market with many forms of crytocurrencies because the architecture of blockchain requires a token to fuel operations on the blockchchain. In light of this trend the need for cryptoexchange platforms became another challenge. Initially some forex exchange sites integrated a few cryptocurrency to allow for their trade. But a crypto based exchange is the ideal for this technology, exchange sites like luno, Binance, etc pioneered the exchange sector but these were never built on open source. Many startups who wanted to go into developing an exchange platform spent a lot of resources to have a working exchange platform and in most cases it took more time than expected to be fully operational without bugs. Good news is here with us the cryptocurrency enthusiast and investors as Ripaex launches it decentralized marketplace to aid blockchain exchange startups to build have their own exchange through this open source blockchain exchange application.
The RipaEx platform and their blockchain solution to startup exchanges
Ripaex is a currently a centralized exchange system that allows for exchange and trading of cryptocurrencies on its platform. It has user friendly interface that allows for easy navigation around the platform. The users create accounts on the platform likewise their wallets and fund it with listed cryptocurrency available on their exchange. Current at its launch it will serve as marketplace and later integrate trading feature and liquidity transfer protocols on the blockchain network. It has its exchange application pushed to github which allows startup blockchain exchange projects to customize and utilized their application with ease. The major expenses to be made is on payment for support and server space, personnel recruitment and other critical feature unique to the exchange.
Some of the features that has been identified in Ripaex that singles it out from other blockchain exchange platforms are:
Open Source: Ripaex is a full open source blockchain application with customizable features of cryptocurrency exchange. Most exchange site a raising their credibility standard by integrating features like Anti Money Laundry, Know Your Customer, etc. so they can match up with the banks.
Regulation Compliance: The reason why most governments banned cryptocurrency is because of lack of regulation in the system. RipaEx is introduces every international banking regulations through their Anti Money Laundry, Know Your Customer, Customer Due diligence, etc. to keep up with the banking standard in the crypto world.
Customizable and transparent platform: Launching the application n open source platform like github allows for transparency of its operation and architecture and allows for further collaboration and improvements. The functions, classes and procedures used in its application development are easily utilizable by any god programmer. This allows the startup exchange to utilizes their application and customize it to their taste.
Language flexibility: The platform is not restricted to any language but rather allows any user to switch to any choice of language on the platform which they understand. This makes the blockchain application very flexible irrespective of the background of the blockchain developer or user.
There are many more features which gives Ripaex a great edge over other exchange platform. It is worthy to note that it allows two way trading from fiat to crypto and crypto to crypto. It have future plans to integrate most payment site Api on its blockchain platform to enable ease of liquidity of its users tokens.
About their Ripaex token and their sales
Every blockchain platform is powered by a token which is a measure of value or operations on the network. The token symbol used by ripaex is XPX. It is raising funds in order to actualize its project roadmap. It is currently having its ICO token sales on. These XPX token can be bought with any of these cryptocurrencies BTC, ETH, ARK, LISK at the rate of one XPX token will be worth 0.10 pounds. Their PRESALE: that will run from April to June 2018 RIPA TEC: that will run from July to December 2018.
This is a promising ICO project and worth investing into as it is gaining traction from many blockchain startups. Of course there are many blockchain startups but handful of exchanges. An investment into Ripaex will ensure many blockchain startup projects get enlisted quickly in exchanges before their market launch.
To learn more about Ripaex and their token sales please visit the links below.
ANN THREAD: https://bitcointalk.org/index.php?topic=3759172
WEBSITE: https://ripaex.io/
TELEGRAM: https://t.me/ripaex
MEDIUM: https://medium.com/ripaex
FACEBOOK: https://www.facebook.com/ripaex
TWITTER: https://twitter.com/ripaex
Content Author Details
Username: Finixfly
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=2141081