Before we talk about EOSEX, it's a good idea to discuss the EOS platform as a basis for EOSEX. EOS platform is a Blockchain platform that functions more or less like the Ethereum network but uses EOS tokens. It makes decentralized application development easy by providing a regulating set of services and functions that dapps can leverage on. The project was created by Dan Larimer, the founder of both Bitshares and Steemit.
The idea here was to integrate the best features as well as promises that various Blockchain networks out there bring to the crypto sphere. Simply put, EOS is intended to be an extremely scalable dapp platform. While Ethereum is more like a global computer, EOS should be thought of as universal operating system. It enables easy and quick deployment of dapps. Currently, EOS is among the top 20 cryptocurrencies worldwide since its token has a market cap of over 500,000,000 US Dollars. Unlike Ethereum, to increase transaction speed, EOS uses delegate proof of stake.
EOSEX is a Hybrid Exchange for the EOS Community, made to anticipate the coming explosive growth in the EOS ecosystem. EOSEX is building a global one-stop trading platform for quality assets. We intend to provide a safe, fair, and transparent digital asset trading platform for the blockchain industry. Problems that have been found in other exchanges are
- Low Trading Volumes
Bitfinex, for example, had only 60 trading pairs in December of 2017, but now has over 200. Plus, with regulations for cryptocurrencies still unclear in many countries, it can be difficult for fresh money to come into the crypto market, meaning that existing funds circulating within the the crypto markets end up getting spread out thinner and thinner. - Difficulties Getting Listed on Exchanges
Most of the exchanges require high fees for listings in their markets, this process forces projects to spend a large portion of the funds that they raise from private and public token sales to pay for listing fees, funds which would otherwise be used for developing the actual project. - Very Little Variety in the Types of Digital Assets Available
Very few digital exchanges offer trading in futures products and even fewer offer trading
in options products. The average crypto trader has very limited access to all of the other quality assets that the world has to offer.
So EOSEX tried to provide a solution to the problem with High-Performance Trading by building a trading platform that is on the cutting edge, we are creating one that is expandable.Secure and Stable, team has extensive experience in developing digital wallet systems and distributed architectures: designing, building, and deploying adjustable software and systems. Protecting assets and data is the most important job for the EOSEX team., High liquidity, The EOSEX team has developed the “Liquid-Box”, which allows liquidity from all other major exchanges to be routed into EOSex so as to provide deep liquidity for those tokens selected to list on EOSEX. Listing procces, EOSEX are committed to providing quality tokens for trading on the EOSex platform. It is clear that ETH and EOS have already been adopted as global industry standards and most blockchain projects choose one of these two platforms when developing their dApps and other technologies and so, while EOSEX tries to focus on EOS-based projects, we recognize the need to accept both of these two standards for the time being. Listing Process for EOS-based tokens will be made every 15 days. EOSEX will issue a list of candidate projects that are being considered for listing on EOSEX. Then, users and support of those projects will be invited to deposit their tokens on the EOSEX platform and the projects with the highest proportion of tokens deposited on EOSEX relative to total outstanding tokens will be selected to become listed for full trading on EOSEX.
And the most beautiful thing on EOSEX is CFD trading, As the platform develops, and as trading volumes become more secure and reliable, we will begin trading CFDs. CFDs are able to accurately reflect price changes in the underlying equities or indexes to create healthy profit opportunities but do not require the investor to take delivery of the underlying asset as is the case with futures or options.
so what are you waiting for? trade now on EOSEX for all the benefits described earlier.
EOSEX website
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This article was created by Awi44
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