In reality, it just takes more of the lower priced BitCoin (BTC) to buy as much as it use to. Quite a shock this morning to see it down close to $1,800.00 and still going. Something I think we were all shocked to see as when we check the number of BitCoin was up on our paired stocks, but when we check the USD value we got a real surprise.
I had one of my sell offers taken late last night and I spent half of it on other Coins for fear this might happen and sure enough it did. But it only caught me with only about $400 in ButtCoin (purposely misspelled, trying to be funny :) So I did see where Polybius (PLBT) was up a Dollar or 25% this morning and I sure hope that some of you took my tip from yesterday and made a little jingle :)
So here we are to endure another day of a sagging CryptoCurrency Economy, but there is hope in the winds as I saw this new UnionCoin (XCU) out on 15th July, Shanghai, China: From the founder of Huiyin Blockchain Venture comes the latest innovation in the cryptocurrency ecosystem – Exchange Union Coin [XUC] – a cross-exchange trading token to improve functionality, efficiency and standards of customer service for the digital currency community. XUC bridges digital currency exchanges around the world to realize investors’ cross-exchange trading, cross-exchange clearing, deposit and withdrawal among different digital currencies and assets.
Digital Exchanges currently are isolated from one another despite the global and distributed nature of cryptocurrencies. Many exchanges still find themselves restricted by language barriers and geographical borders- this causes the price of digital currencies to vary by as much as 10% between different the trading platforms. Exchange Union Coin encourages the union of exchanges through the XUC token that allows inter-exchange trading to take place efficiently. XUC operates as a ‘universal coin’ that can be widely accepted and circulated. Exchanges do not have to list the same cryptocurrencies as each other in order to use XUC, and can take advantage of additional revenue from transaction fees.
‘Our trading solution will provide essential infrastructure for the growing digital currency market. Bridging the gap between exchanges maximises the unique and decentralised nature of cryptocurrencies whilst delivering a fast, seamless experience for traders. Digital currency is sought for its universal portability and bringing exchanges into a union is an essential step for the industry to progress,’ James Wo, Founder, Exchange Union Coin
Phase two of its two year roadmap will see the development of an Exchange Union consortium that will work to improve the credibility and reputation of exchanges across the industry. The consortium will further streamline inter-exchange transactions by eliminating transactions fees, setting up it’s own consensus algorithm and offering enhanced features to it’s members (KYC).
Exchange Union is partnered with Huiyin Blockchain Venture the world famous blockchain focused venture capital fund. It has $80 million in funds and over 20 portfolio companies around the world, including digital currency exchanges, blockchain use cases and infrastructures. Exchange Union Coin is also pleased to partner with Jinsheng Capital one of the largest private equity management institutions from China managing over $4 billion in assets.
The leadership team is comprised of experts working at the highest levels across the financial and blockchain industries. Exchange Union Founder, James Wo, is also Founder& Chairman of Board of Huiyin Blockchain Venture, the world leading blockchain focused venture capital fund. He is also Board member of Purse and Ripio. He is joined by Mikael Wang, previously CTO of BTCC and former chief solutions architect of Ericsson, Terry Culver, Vice Dean for Development at Columbia University School of International and Public Affairs and William Hou, former vice president of AJ Securities, one of the earliest financial institutions in China.
Exchange Union will offer XUC tokens to interested parties in a crowd sale from 7th August. XUC will have no pre-sale. For more information see: www.exchangeunion.net
This is a sponsored story.
Posted in: News, Sponsored Stories by Tom Clancy
https://www.cryptocoinsnews.com/exchange-union-coin-to-bridge-digital-currency-exchanges-for-enhanced-trading/