A Cryptocurrency exchange is an online platform where one can exchange cryptocurrency for another cryptocurrency or for paper/fiat currency. In simple terms this platform provides similar activities as obtained in stock exchange or currency exhange at the banks and airports. This platform provides an avenue where cryptocurrency buyers and sellers can converge and do their transactions based on the current market price of the cryptocurrency or through stock brokers or through peer-to-peeer direct sales between buyers and sellers but ho secured are these cryptocurrency exchange this days? Although these question might seem so cheap and simple for the old lads in the crypto business ecosystem, but on the other hand, for newbies of the crypto world, these question might be a Herculean task to embark on.
What is CGCX?
CGCX is a hybrid cryptocurrency exchange platform that processes extensive and exceptional activities for users, institutions and traders. This crypto exchange platform is an integration of four units into a single platform to offer variety of services to users. CGCX provides the functionalities for users to trade on different kinds of coins in an easy manner; with a synchronous order processing rate of more than 1 million orders per second. Security is not treated with kid gloves on this platform as all tokens stored on its platform are insured against cyber attacks.
CGCX Platform
CGCX is built to offer more secured and variety of transactions in the crypto exchange world. To take care of the needs of the newbies, CGCX's special user interface considers all the needs of first timers, veterans, experienced and non experienced traders in using its trading tools when carrying out transactions. This platform has been made available in iOS and Android mobile platforms for better and wider use.
Key Features
- Smart Contracts: This platform allows automated settlements, digitization of assets like trade agreements which helps to improve transaction requests fulfilment time and reduces cost of transactions too.
2.Merchants Agreement: In just a twinkle of an eye, online vendors can accept payments in crypto currencies such as ETH and BTC or CGX(CGCX) by installing the web-based or mobile app Point-of-Sale applications and enjoy lower transaction fees. - Alt Tokens Listing: This is known as Alternate Cryptocurrency voting program, which is a monthly activity that affords users the opportunity to use CGCX tokens to vote for their preferred alternate cryptocurrencies to be listed on the CGCX exchange platform.
- CGCX Token: CGCX token is a decentralized and ERC20 standard token issued on the Ethereum blockchain network. It supports all Ethereum wallets and can be transfered on the Ethereum network. It's a utility token that can be used as a means of exchange on the platform, deployed in the execution of smart contracts and also be used to vote in the Alternate Token list