Recently, quite often published information that the alleged mining cryptocurrency is a serious threat to the environment on our planet. Some publications claim that in 2018, the calculations required for the Bitcoin network to work required the same amount of electricity as 159 countries spent during the same time. Of course, I strongly doubt that although 159 third world countries were chosen where there is almost no electricity. The main argument of such statements is that energy is expensive, and its production causes enormous damage to the environment.
I would criticize this point of view, which in essence is another throw-in, created and replicated to the masses in order to collapse the cryptocurrency rate in 2018. In fact, the harm from mining is greatly exaggerated, but people believed it and we all feel the result so far. The capitalization in the drawdown is more than a year, large mining companies such as Hashflare or Gigawatt are closing one of the other. As a result of all this, the question arises why those who so vehemently protect the ecology of the planet do not think about the harm of other industries that spend energy thousands of times more.Take for example data centers, gold mining companies, machines for printing fiat money, all this consumes energy several times more, causing irreparable harm to the environment for years.
Mining a year consumes only about 8.3 terawatts / hour. This is less than consume data centers in America. Cash production is also more harmful than mining, which consumes more than 11 terawatt hours per year.
Gold mining consumes more than 132 terawatt-hours, aluminum production is even more, but for some reason no one closes gold mining companies. In general, people are intimidated with cryptocurrency as soon as they can, but there is no place to go, you have to fight these fomo with the help of technology.
All of the above problems prompted the developers of the Catex cryptocurrency exchange to create an innovative solution that can alter the mining, make it and trade on the stock exchanges once again a profitable and profitable activity for everyone. Now no one can say that such mining is harmful to the environment, it will look very funny.
Catex Exchange
Catex Exchange uses stream mining mining. Mining by trade is still a little-known term in the world of cryptocurrency, which means that when trading any coin on the stock exchange, investors simultaneously carry out mining. That is, when investors make a purchase or sale of any coin in the market, at the same time an exchange token is created, which is deposited into investors' accounts in exchange for the fee paid.
To make mining more attractive, Catex gives a bonus of 5% on mining operations. In other words, paid fees are returned to investors in Catt tokens, taking into account the 5% bonus.
Principle of operation
- Referral System
Exchange Catex provides a referral bonus of 10%. When your referrals trade on the stock exchange, you will receive 10% of their trade fees in the form of CATT tokens.
- Mining
You can mine Catt tokens by trading on the Catex exchange. This will allow you to receive a Catt token at a price below the market price, along with a 5% bonus provided for mining.
- Dividends
Сatex distributes 90% of all coins earned in the form of merchant fees to Catt tokens holders.
- Redemption
To provide support for the Catt token price, the exchange has a redemption account. A redemption account will be formed by dividend pool and voting. The exchange will regularly burn Catt tokens.
- Voting
Catex has a voting system. 1 vote costs only 10 CATT and the first 2 coins that won the vote will be added to the listing weekly.
- Security
Catex uses 2FA codes for login, trading and withdrawal. Members can activate it all together. As soon as you change the browser or clear the cache, you will need to re-verify your account via email.
One of the most important advantages of the Catex exchange is that, unlike all other exchanges where users pay a commission for trading, at Catex these fees will be returned in the form of Сatt tokens, including an additional 5% bonus to the user account.
Another advantage that makes the Catex exchange the most attractive in the world among all the exchanges that exist today is Catex shares daily dividends of up to 90% of the total income of the exchange per day with its users. This is accomplished by locking CATT tokens. The more ecosystem tokens you have on your wallet and the longer the blocking period you choose, the higher your profit will be.
Lock:
- 7 days - 50% of platform earnings
- 15 days - 60%
- 30 days - 70%
- 45 days - 80%
- 60 days - 90%
If you register now and buy CATT tokens for any amount, then block them for a selected number of days, then you will receive a percentage of the coins that were traded on that day (BTC, ETH, etc.)
The project team does not want to fill the exchange with all the chitkoins indiscriminately; only selected top-end coins, which became winners in the weekly voting, get there. Only 2 coins per week win. If these coins have a trading volume of less than $ 10 for the first 7 days after listing, then it will be removed from the platform.
In addition, the Catex exchange , unlike all other exchanges, has focused on maximally quick assistance to its ecosystem participants in solving any emerging issues, the Telegram has support groups in many languages, including English, Turkish, Arabic, Korean, and so on. In general, people no longer have to wait weeks for a response from the management of the stock exchanges, if we also take into account that in many existing stock exchanges the support groups do not exist at all, and the button on the main site is created just for visibility.
CATEX has already been added to Blockfolio
Conclusion
CatEx Exchange has already been created and is functioning, offering its users an innovative crypto-trading model. I have not yet met such exchanges, this is undoubtedly one of the best decisions that can raise this trading platform above all others. At CatEx, you can not only trade the very top coins without any commission, but also earn money on an ecosystem token hold. All this makes the exchange very attractive for all traders in the world. In general, the project is very interesting, for more detailed information you can follow the links below.
Official resources of the project Cat.Ex:
WEBSITE: https://www.catex.io/
TELEGRAM: https://t.me/catex_group
ANN THREAD: https://bitcointalk.org/index.php?topic=5099776.0
FACEBOOK: https://www.facebook.com/officialcatex
TWITTER: https://twitter.com/catexofficial
REDDIT: https://www.reddit.com/r/Catex
DISCORD: https://discord.gg/cYmm6Y2
IOS: https://www.pgyer.com/5dVR
ANDROID: https://www.catex.io/download/Catex_1.0.3.apk
Author Profile:
Bitcointalk Username: yousufatik.bd
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=2558173
Ethereum Address: 0xd552f04b7adb5ef66b1c336bc0ae82aa0fca0f37