PRELIMINARY

A digital asset is any text or media that is formatted into a binary source and includes the right to use it. Digital files that do not include this right are not considered digital assets. A digital asset can range anywhere from motion pictures to documents and any other type of data. The use of digital has grown exponentially since its debut in 2008; it reached an all-time high of $20,000 in December 2017.

Cryptocurrency uses an encryption procedure to control the generation of units and validate the transfer of assets within seconds, unlike the traditional method that is time-consuming. Traditional banking methods are faced with numerous complexities that will be mentioned by me as we proceed.

INTRODUCING CAT EXCHANGE (CATEX)

#catex is the acronym of #catexchange which was founded in the third quarter of the year 2018 (August), catex is the first exchange of its kind, that statement might sound like an exaggeration but it’s not I’ll explain every bit of what I mean by that. Traditional trading exchanges are not concerned with the affairs or interest of their users. All they’re concerned with is how to feed on assets of their customers by demanding extortionate services charges from them.

Catex is the first exchange that will be managed by its community members, what this means is that before any decision is implemented community members can vote and those with the highest number of votes win. The team of #catex has decades of expertise in this business and they are also blockchain technology enthusiast who has studied and mastered all things cryptocurrency.

PROBLEMS WITH EXISTING DIGITAL ASSET EXCHANGES

With the creation of the blockchain technology, a vast number of cryptocurrencies has been launched, these coins or tokens creators face a lot of challenges with listing on exchanges. Centralized cryptocurrency exchange is those exchanges where buyers and sellers (traders) meet to exchange digital assets (a vast range of cryptocurrencies) and FIAT (government issued currency.). Most centralized exchanges charge exorbitant fees for listing, the problem of low liquidity, users don’t get the best customer experience, and cases of frauds, hacks, and loss of funds deposited are reported on a daily basis.

Most exchanges that are not security conscious unknowingly gets hacked, and users lost their pre-deposited funds on the exchange due to this their inefficiencies. Without setting the right security parameters in place users get phished when they try logging into their accounts. Accessing accounts, making deposits and withdrawals, transferring funds, trade executions consumes the time of users in most exchanges and this can be frustrating when there is an urgent need, most times users lost profit due to such delays. KYC/AML (know your customer/anti-money laundering.) procedures is a major issue; and it takes months and sometimes months to get verified on most exchanges.

FEATURES OF CATEX

1. Trading pairs: Users have a variety of different types of cryptocurrencies with exotic pairs to choose from; they have catt, bitcoin, ethereum, neo, stellar, ripple, tron, iost, litecoin, dash and others too numerous to mention.
2. State of the art interface: Catex employed top developers to create a unique well-designed interface with a user-friendly interface for easy navigation.
3. Customer Service/Support: Users with any issue that might arise will get 24/7 support, they can either send a mail or visit their telegram handle for instant answers. There are different languages available which users can choose from but the default will be English.
4. Liquidity: This is the most important thing to watch out for in an exchange #catex will create good liquidity for its traders.

BENEFITS OF USING CATEX

1. Referral bonus: Users who refer new users to enjoy what they’re enjoying on #catex will be incentivized with a 10% referral bonus when referrals make a trade, all bonuses will be in catt.
2. Mining: Users will have to lock their catt tokens and in turn receive catt tokens at a discounted rate compared to its current trading value with a 5% mining bonus.
3. Dividend: 90% of all revenues derived from trading fees will be distributed to catt token holders.
4. Buyback and burn program: A buyback account was created to protect the market value of catt.
5. Voting: Tokens with highest votes in number one and two will be listed weekly, users can vote for their favorite projects with 10 catt tokens per vote.
6. Security: It is safe to say that this is the most important feature of any exchange, the ability to sleep at night without any anxiety that funds deposited can get stolen. Catex integrated two-factor authentication, alphanumeric login codes, trading codes, and withdrawing codes to ensure the security of deposited assets.

CATEX APPLICATIONS

#catex created a mobile application that has a great interface and most importantly user-friendly, the mobile application is easy to navigate and is available on both Android and Apple download stores.

CATEX TOKENS (CATT)

#catt is the acronym of #catextokens which was created on the ethereum blockchain thus making it erc-20 compliant. Catt will be used as the standard cryptocurrency for all executed transactions on catex, using catt will attract discounts on service fees when trading. Catt can be bought or sold presently on catex, to preserve the token value, the team has decided to initiate a buyback and burn program and no other token will ever be created, mined or minted.

On February 15th, 2019, an amazing news was shared @catexofficial the twitter handle of cat exchange, they are now listed with #coingecko. With this important news, users can easily get the latest price of catt, listed pairs, trading volume, trading fees, exchanges it is currently listed on, and get liquidity status with just a click. Catt token is also currently listed on three exchanges with more on the way.

TEAM

TOKEN ECONOMICS

NAME: CATEX
TICKER: CATT
NETWORK: ERC-20 COMPLIANT
TYPE: UTILITY
TOTAL SUPPLY: 1,975,516,624 CATT
DECIMAL: 18
CONTRACT ADDERESS: 0x6e605c269e0c92e70beeb85486f1fc550f9380bd

CATEX CONTACT INFORMATION FOR LATEST NEWS & UPDATES

★WEBSITE
★ TWITTER
★FACEBOOK
★ TELEGRAM
★ DISCORD
★ IOS
★ ANDROID

ARTICLE PUBLISHED BY TIVERE AKPORODE

★ BITCOINTALK PROFILE: TIVERE