Cryptocurrency exchanges are businesses that enable customers to trade cryptocurrencies or digital currencies for different assets, such as fiat money, or different digital currencies. They will be market markers that usually take the bid/ask spreads as transaction commissions for their services or just charge fees as a matching platform.
The exchange is also brick-and-mortar businesses, exchanging traditional payment methods and digital currencies, or strictly online businesses, exchanging electronically transferred cash and digital currencies. Digital currency exchange typically handles Western fiat currencies, generally maintaining bank accounts in many countries to facilitate deposits in varied national currencies. They can accept for credit card payments, wire transfers, cryptocurrency or different types of payment in exchange for digital currencies. They will send cryptocurrency to your personal cryptocurrency wallet. Several will convert digital currency balances into anonymous prepaid cards which may be used to withdraw funds from ATMs worldwide.
Creators of digital currencies are typically independent of the digital currency exchange platform that trade the currency. Customers get or sell digital currency from digital currency exchange, who transfer the digital currency into or out of the customer's digital currency provider account.
CHALLENGES IN CRYPTOCURRENCY INDUSTRY:
The cryptocurrency market appears to be growing on a daily basis with the ostensible inflow of individuals into the market upon the astronomical rise of Bitcoin, Ethereum, ripple, bitcoin cash etc. generally it's even tough to open account which is the requirement for entry into the market and per se results periodical disabling the trading account creation of some new customers. The account opening traffic is extremely high with recent awareness and edges related to the common daily trading volume of the market is sometimes in trillions of dollars. Whereas in most cases, the full market cap of the complete market stands at less a trillion bucks that is an associate astonishing accomplishment considering the market however recent is that the innovation.
However, despite all of these massive market capitalization, there are major issues that plague the market. There are structural and functional problems that have an effect on the market. These issues stem from a range of reasons such as growing state of the market, lack of understanding of the cryptocurrency industry, some peculiar economic of cryptocurrencies (“tokenomics”) just to name a few.
Some of the issues within the cryptocurrency market are: manipulation, Pump and ICO Schemes, activities of cybercriminals, lack of price uniformity, token price delay, etc
Value Proposition of Crestonium :
Security:
Crestonium is ready-made for everyday use and provides a robust and secure platform for Cryptocurrency. Direct transactions and instant exchange of token some of the options of Crestonium. Traders and user have access to 24 hours of the day to day trading open to global audience via any pc gadgets or mobile apps. Also, it's incorporated with bank-grade security and next generation account protection.
Storage and Spending: Crestonium give a cryptocurrency storage of many crypto-currencies such as: - BTC, LTC, ETH, BCH, XRP, EOS, XMR, XLM, NEO, ADA, TRX, DASH, XVG, IOT, ZEC, XRB, etc. Crestonium platform accepted cryptocurrencies than any of our competitors. Many folks believe and own completely different cryptocurrencies that is why this is often a major feature. Also, it also applicable to spending of the cryptocurrencies because the same quantity of various cryptocurrencies also can be spend.
Zero price of Transactions: Most of the cyptocurrencies exchange platform impose some levies to increase profit. On Crestonium platform, most cyptocurrencies is spent and paid instantly without a need to pay for fee to exchange cryptocurrency beforehand with no fees, and exchange rates
Crestonium prides itself collectively of the few cryptocurrencies out there with zero fees and transaction speed within a second.
Crestonium offers a seamless experience to send and receive cryptocurrency globally at zero price. Our aim is to supply unlimited usage to the mainstream users as cryptocurrency becomes obtainable to lots of people. Crestonium was developed not just for storage but for actual spending — that remains one among the many challenges of cryptocurrency today.
Another exceptional advantage of Crestonium over existing cyptocurrency is being one among the few crypto-currencies with zero fees and transaction within second.
It is formed within the blockchain and subject to automatic execution upon the incidence of pre-defined criteria/events and bound conditions; CXS tokens are valid indefinitely and are the property of their various holders. The Platform uses a standard Open API therefore partners’ contracts are going to be automatically compatible with any wallet, and the other contract or exchange using this standard.
How it works? Crestonium features high flexibility and provides its prospective users with the same Open Platform usually called ‘API’. This implies any developer will produce their own applications and solutions to extend the usability and choices of the Crestonium platform.
Many products can be enforced via the Crestonium API such as Cryptocurrency exchanges, variable complex secure wallets, Integrated Services, automatic Regular Payments etc.
Other application of Crestonium includes digital Quality Assurance process, smart Contracts at transaction Level, process Speed exceeding 5000TPS, Building Blocks and robust and Secure System.
Most applicable focused is security of the blockchain and Crestonium: Advanced Encryption& Anonymity and Off-Chain Storage are one among the advanced features that Crestonium offers. Private Keys Recovery and Immutability are also cover.
Crestonium is appropriate for each Business and private individual because it offers advanced features and improves collaboration between shoppers, merchants, and issuers. It additionally give Integration services and connect Enterprises to push businesses in their endeavors.
Additionally, Crestonium offers lending and Earning, Mobile and Desktop App and new Technology with Token distribution for those that need to earn further interest, also as those that ought to take loan/credit
Issues making an attempt to resolve:
Security Issue: the majority of digital and fiat currencies system are closely-held and controlled by some other person and that they represent massive security issue seeing that the businesses and third-party services own your cash and that they will selected to freeze your account if they therefore want upon suspicion of misuse while not consulting the owner.
With cryptocurrency embedded on Crestonium platform, subscribers own the personal key and also the corresponding public key that creates up the cryptocurrency address. Nobody will intrude or interrupt one’s private key unless outright loss, hackers or direction.
Spending Challenges: The reluctance to spend one’s cryptocurrency holdings is attributed to some completely different reasons. For instance, the majority believe the worth of their digital currencies goes to still increase indefinitely. This isn’t a completely irrational assumption, however looking into it's a positive belief regarding the longer term performance of their investments.
The additional probably outcome is a few cryptocurrencies can go up so sharply drop out of existence. This chance ought to be relieved by selling or spending some of the profits from a cryptocurrency therefore one will gain minimum back from the initial invested capital. Crestonium is develop, not just for storage, except for actual spending – that remains one among the many challenges of recent cryptocurrency.
High cost of Transactions: Another issue is that the prices related to selling cryptocurrency. Each exchange has its own fee structure and style, however as a general rule, users will expect to pay fees per dealings basis on top of a high rate. This is often fine if one is simply trying to unload cryptocurrency, however if there's expectation for frequent trading or shopping with cryptocurrency, then this will be a major cost. It’s even not possible to get little things or merchandise with cryptocurrency because the fees and exchange rates are simply too high. However, Crestonium prides itself as being one among the few cryptocurrencies with zero fees and dealings speed at intervals a fraction of a second.
How is Crestonium completely different from different Projects?
• The ultimate distinction of Crestonium is that the elimination of fees (0% guaranteed).
• Crestonium provides its community with low exchange rates and instant transactions.
• If fee is 0%, however will Crestonium operate and make money from merchant
• Crestonium have strategy partners and most of our profits come back from Merchants deals not from our community.
What is the minimum CXS to buy?
Minimum CXS is 100CXS that is 0.002BTC or just about $20.
If I invest above $4000, what do I stand to gain?
You would get 30% Bonus on invested cash.
How Many Countries can Crestonium Support?
All countries the maximum amount as you've got access to internet connection
What is the Soft and Hard Cap?
Softcap is $2,000,000 whereas Hardcap is $55,000,000.
When will the ICO end?
7th April, 2018.
In What Currency am investor can contribute?
• Paypal, BTC, ETH, LTC, XLM, XRP, BCH, DASH, XMR etc.
What would happen to unsold tokens?
Our aim is to sell all our tokens with the help of our Community Members. If that's not achieved, all unsold tokens would be burned.
OUR RATING: https://foundico.com/ico/crestonium.html
https://icoranker.com/ico/crestonium/
How to Participate in the ICO
Visit: https://crestonium.io/participate
Official information about the project:
Website: https://crestonium.io
White Paper: https://crestonium.io/Whitepaper/Crestonium_Whitepaper_1.01.pdf
Medium: https://medium.com/@Crestonium
Reddit: https://www.reddit.com/r/Crestonium/
Facebook: https://web.facebook.com/Crestonium/
Twitter: https://twitter.com/Crestonium_io
Bounty Bitcointalk: https://bitcointalk.org/index.php?topic=2966216
Source: https://en.wikipedia.org/wiki/Cryptocurrency_exchange
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