PRELIMINARY
There are two types of cryptocurrency exchanges namely; centralized exchanges #cex and decentralized exchanges #dex. Centralized exchanges are those exchanges that act as an intermediary between traders, it is currently used by most traders who doesn’t know how to navigate decentralized exchanges. Users of #cex often face a lot of challenges which includes extortionate deposit and withdrawal charges, frauds, time consuming KYC (know your customer.) procedures, hacks, insufficient liquidity, loss of funds, time consuming trade executions, poor customer service care, extortionate listing fees amongst others.
The use of #dex is currently the most used and favorite exchange choice of traders who knows how to navigate them, if asked it is personally the best choice. Users do not have to endure a time consuming KYC checks which is very frustrating, there is adequate liquidity, instant update of the order book, no exorbitant withdrawal or deposit fees, and my most favorite part is that its P2P (peer to peer).
INTRODUCING CATENA DECENTRALIZED EXCHANGE
As mentioned above decentralized exchanges are P2P what this simply means that trades occur directly between buyers & sellers, there is absolutely no need for an intermediary. The exchange poses or acts as an escrow so no party acts fraudulently. It ensures that both parties see their admittance to the end. CATENA uses state of the art security from security agencies that are the best in the business to run timely checks for the protection of their company, users & funds.
The executive team behind CATENA has over 50 years’ expertise in trading, manufacturing, technology, startups, product development amongst others but not without some obstacles along the way. They hope to revolutionize the global trading network as a whole, curb current problems faced by traders and to build new algorithms with AI (artificial intelligence) to enhance the trade economy.
CATENA aims to provide a stable platform where funds of users are secured, assets are insured, fast transaction processing (up to 10,000 per second), and real time trade updates. All transactions executed on CATENA are between users in an automated protocol, the core purpose of this innovation is to become the biggest & most trusted decentralized exchange in the crypto market.
#catena protocol is equipped with two new technologies namely: ETP (efficient trading platform and COMAI (catena order matching artificial intelligence).
ETP: This technology helps users with a set of already programmed smart contracts that helps them develop a smart contract for their trade executions without the need of a written code. Few features are transparency, decentralization, speedy buy and sell executions, and fast transfer and receive, etc.
COMAI: This is a technology with mathematical modeling to help identify the best rules of their placed trades. This technology protocol applies to any trading commodity, ranging from digital assets to commodities like gold, oil, cotton wool, etc.
CATENA TOKEN
CATENA is an ERC-20 compliant token built on the ethereum smart contract, this utility token will fuel CATANA decentralized exchange. It will be the standard digital asset used in paying for service fees on executed transactions. All trades executed by the smart contract will be done with the use of CATENA tokens.
Ethereum blockchain was chosen for #catena because of its transparent, seamless, fast, decentralized & secured mode. After the sale and launch of #catena DEX no other token will ever be mined, minted or created to preserve the token value. The set price of CATENA token is $0.1c and the information about the token sale will be made known through #catena social media handles mentioned below.
TOKEN ECONOMICS
TOKEN NAME: CATENA
TICKER: CATENA
NETWORK: ERC-20 COMPLIANT
TOTAL SUPPLY: 250,000,000
HARD CAP: $10,000,000
PRICE: $0.10c
FUNDS ALLOCATION
CONTIGUENCY & RESOLUTION CENTER: 6%
OPERATIONAL COSTS: 13%
BARTER ECOSYSTEM: 24.7%
EXCHANGE PLATFORM: 37.6%
SYSTEM DEVELOPMENT & DEPLOYMENT: 13.3%
TOKEN ALLOCATION
BOUNTY/INCENTIVES/BONUS: 2%
ICO’S PARTNERS: 2%
ADVISORY BOARD & EARLY BUYERS: 3%
TEAM: 15%
RESOLUTION CENTER: 20%
ICO: 58%
CONTACT INFORMATION FOR NEWS & UPDATES
★ WEBSITE
★ WHITEPAPER
★ TELEGRAM
★ FACEBOOK
★ MEDIUM
ARTICLE PUBLISHED BY TIVERE AKPORODE
★ BOUNTY0X PROFILE: TIVERE