ICO DigitalTicks - a new blockchain platform for cryptocurrency exchange

in blockchain •  6 years ago  (edited)

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Bittrex, Poloniex, Bitfinex, Kraken, Coinbase, Exmo... the List of cryptocurrency exchanges and exchanges can be continued indefinitely. For some two or three years, token exchange platforms have become very popular and have begun to multiply by dozens, if not hundreds.

Each site has its advantages and disadvantages. New projects try to solve the problems of the old ones, but often have disadvantages that more “age” platforms did not have.

Today we will talk about another platform for cryptocurrency exchange - DigitalTicks. Understand what problem lies in transactions with tokens as they try to solve the developers DigitalTicks and what are the advantages of this platform.

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Problems

The creators of DigitalTicks have identified five main problems inherent in all (or almost all) cryptocurrency exchanges.

1. Lack of liquidity. Often, platforms for exchange of cryptocurrencies can not pay the funds, because they do not have them on their accounts.
2. Low efficiency of customer service. Withdrawal requests on most cryptocurrency exchanges are processed within 3-5 days, and support services do not respond to user requests.
3. Security. Information about the hacks cryptocurrency exchanges instantly becomes public - only in 2017 at the hands of malefactors suffered YouBit, CoinCheck, BitHumb other sites. Team DigitalTicks regard to special attention to security. Not only will all the new products be implemented here to ensure the security of users - the developers of DigitalTicks promise to constantly monitor the previously unknown methods of hacking and add protection from them.
4. Delays in transactions. In the cryptocurrency world, where the situation changes every second, even the minimum time lags are unacceptable. But modern token exchange platforms do not provide this: transactions can “hang” for 3-4 hours, and then be canceled altogether.
5. Simple exchanges. In 2017, some exchanges (for example, Bittrex and Bitfinex) at the time forbade the registration of new users. In more serious cases, the problems were related to the operations of Deposit / withdrawal of funds, exchange transactions.

All these problems not only seriously reduce the efficiency of cryptocurrency platforms, but also undermine the trust of the community. This means that new projects in the field of developing platforms for transactions in tokens should first address these issues.

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What is DigitalTicks?

As you can guess, DigitalTicks is a platform where users can conduct transactions in the cryptocurrency.

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The whole range of token transactions is available on DigitalTicks: buying and selling cryptocurrency, exchange of coins. Today DigitalTicks works with five cryptocurrencies:

  • Bitcoin;
  • Ethereum;
  • Litecoin;
  • NEO;
  • DTx (Digital Ticks Exchange, private tokens site DigitalTicks).

In addition, it supports gold and silver.

Feature DigitalTicks - availability of futures contracts on cryptocurrencies. This means that investors will be able to earn on the prediction of the token rate without actually buying them. Futures trading is a good opportunity for those who do not want to buy tokens, but want to try their hand at cryptocurrency trading.

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Advantages Of DigitalTicks

The advantages of DigitalTicks are that the platform solves the problems of today's cryptocurrency exchanges. Is more understand how the creators of the platform DigitalTicks plan to do it.

1. To address the issue of liquidity, which is often not enough, the developers of DigitalTicks form a reserve Fund (15% of the investment collected on the ICO). The Fund's funds will be used to replenish liquidity, if necessary.

2. In order to prevent problems with the customer service, the creators of DigitalTicks paid great attention to the formation of the support service. DigitalTicks agents will help resolve issues within 1-2 hours.

3. To ensure security, the DigitalTicks team plans to study the threats relevant to crypto-currency exchanges and look for ways to protect against them. In addition, two-factor authentication of accounts through Google Authenticator will be available on DigitalTicks-it is not only fast and secure, but also convenient.

4. DigitalTicks will not allow slow processing of user requests for output. All requests will be satisfied on the same day when they were formed.

5. DigitalTicks does not plan to close registration for new users even in cases when the site will have problems. As for the suspension of exchange operations, it is possible only with the full closure of the project - in all other cases, the developers of DigitalTicks will not allow a pause in the transaction.

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ICO and token distribution

For Fund investments, the developers DigitalTicks issued tokens DTx. This cryptocurrency has two goals at once-it will not only be sold on ICO, but also can serve as an exchange means and a DigitalTicks platform.

A total of 128 million DTx tokens were issued, the issue of crypto currency is a one - time one-new coins will never appear. The token created on the standard ERC-20 and compatible with blockchain Ethereum.

During the ICO, the DigitalTicks team plans to sell exactly half of the issued tokens - 64 million pieces.

The rest of the coins are distributed for the following needs:

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Ways to use the collected investment also designed by the team DigitalTicks before the start of the ICO:

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The timing of ICO DigitalTicks from 25 March to 15 June 2018. Depending on the stage of the crowdsale, the cost of one DTx token can vary from $0.375 to $0.75. Minimum target (SoftCap) ICO DigitalTicks - $5.7 million, the maximum goal (HardCap) - $30 million

Conclusion

DigitalTicks platform from the moment of launch, scheduled for August 2018, will face fierce competition. The market already has dozens of similar projects that have managed to acquire users, reputation and clearly do not intend to part with the sources of profit.

But DigitalTicks has the advantages demanded by the market. The platform solves actual problems of cryptocurrency exchange. At DigitalTicks, investors will be able to find what they are so lacking today - reliability, quick exchange and operational support. It seems that these advantages of DigitalTicks will be decisive and will bring the platform to the top in the difficult competition.

Official digital sources:

WEBSITE: https://www.digitalticks.com
TELEGRAM: https://t.me/digitalticksexchange
WHITEPAPER: https://www.digitalticks.com/pdfs/Digitalticks_whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=3178265.0
FACEBOOK: https://www.facebook.com/DigitalTicksExchange
TWITTER: https://www.facebook.com/DigitalTicksExchange

MY BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=1238493

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suitable for both beginners and experienced traders!

You got a 5.10% upvote from @upme thanks to @sergeyklimenok! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).

Great review! Great project. Thank you!

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin6483.710$-1.27%-4.45%
ETHEthereum495.886$-1.35%-6.14%
LTCLitecoin95.408$-2.7%-10.63%
NEONEO38.203$-0.79%-15.87%

interesting post!

Thank you for the colorful and detailed review of the project!

The first few months without commissions is a good lure for experienced and novice traders. The site can expect success.

The development team inspires confidence. I'll keep an eye on the project.

Great review, interesting project!

So many have similar kryptomere divorced. There is of course the added metals. I don't know, let's see what they can do.