AXNET: a hydrid centralized and decentralized exchange

AXNET is a new centralized and decentralized cryptocurrency exchange with fiat and cryptocurrency trading pairs.
Cryptocurrency exchanges currently are facing different problems therefore a new type of architecture to remove the issues and limitations is needed. In the last year many hacks to cryptocurrency exchanges occurred and the best known is the Mt. Gox hack in 2014 where approximately 850.000 bitcoins were stolen. Since then cryptocurreny exchanges are still vulnerable to hacks and $731 million worth of cryptocurrencies were stolen from crypto exchanges during the first half of 2018. Another problem is that many cryptocurrency exchanges cannot handle increased traffic because the programmers have too little expertise in exchanges. Another problem is the poor market liquidity and many exchanges have very few trades on their platform and they get liquidity from other exchanges which results in higher transaction fees on the platform. On many exchanges the customer support is very poor, which results in very frustrated customers and in the end customers then leave the exchange.
AXNET want to remove these problems and offer a better and more secure crypto exchange. To make it more secure and less vulnerable to hacks they have built it on a PCI compliant standard, it is audited and it goes through frequent penetration tests. Thanks to their experience in building financial systems they can build a high secure cryptocurrency exchange. AXNET wants to solve the liquidity problem with their prior relationship with exchanges and traders. Because AXNET is dealing with money and they want to provide a good customer experience they have a 24/7 customer support with a guarantee of a 1-day turn around on all support tickets. To be able to directly let users change fiat money to cryptocurrency AXNET is a fully licensed cryptocurrency to fiat exchange with trading pairs for USD, EUR, GBP and JPY.
AXNET wants to be a hybrid cryptocurrency exchange, that means they provide both a centralized exchange and a decentralized exchange. The advantages of centralized exchanges are that they offer more tradable currencies and fiat pairs while decentralized exchanges give customers more control over their funds. AXNET wants to provide both where customers can switch between a centralized and a decentralized exchange. To provide fast transactions on the exchange AXNET plans to have a trading system that is capable of sustaining 2 million order per second. This should guarantee zero delay and make it one of the fastest exchanges.
100 million tokens are reserved for the token sale and other 100 million tokens are reserved for founders and investors, then in October begins the trade mining of 700 million tokens. The AXNET token is based on Ethereum’s ERC20 token standard and will be compatible with every Ethereum wallet.
The project started in December 2017 with the establishment of the Business Model. Then in February began the development of the decentralized on centralize exchange. In June AXNET has acquired a Licensed Cryptocurrency Fiat and Wallet License in Estonia. In September 2018 is the launch of the platform and global marketing planned. Then in October the IOS and Android app are released. For June 2019 the launch of the decentralized exchange is planned and by January 2020 they want to be one of the top 10 cryptocurrency exchanges.

To get more information about AXNET checkout their website and their whitepaper

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