EPIPHANNY: Digital Assets Exchange Brokerage And Consultancy

INTRODUCTION

The trading industry has been the major contributor to the global economy with a huge volume of transactions carried out by investors on different trading platforms daily. However the trades carried out involve the exchange of one or more valuable asset possessed by one individual for another or in some cases fiat currencies are exchanged for some assets. In the ancient time, the system of trading was by barter where people exchange what they have for what they want and there are limitations on what they can get since what they want might not be available for exchange as of the time or the holders of what they want might not be interested in what they have.
In other to solve this inherent problem of limitation, there was the introduction of fiat currencies where individuals can purchase any good or services of their choice with the fiat currency hence breaking off the barrier of limitations. Fiat currencies which stand as the measure of value for all financial transactions vary from one country to another but they are all common in the sense that they all serve the same purpose of payment for goods and services.
Some years ago, the global financial regulatory bodies realized there was a need for the development in the traditional financial transaction and hence the introduction of a third party into the system, the banking industry. The banking industry was created to solve the limitation on financial transactions between two parties that are separated in time and space in order to make global transaction possible and where holders of fiat currencies can save their money. Nevertheless, the banking system has been marred with irregularities which have caused a lot of discomfort for customers. In the Banking Industry, Some transactions take up to seven days from the day of initiation before its gets to the receiver, there is high cost on each transactions, unnecessary deductions from customers’ funds, customers do not have full control over their funds and bankruptcy of some banks causes customers to lose all their funds and in some cases customers will not get even a small percentage of their funds in return without explanations from the affected banks.
However, the unfair attitude and policies adopted by these banks which are not fair have led to the introduction of digital currency. Digital currency is an electronic measure of value for financial transactions. The first digital currency that was incorporated on a blockchain technology is Bitcoin. This has opened the portal for the development of other cryptocurrencies/altcoins and there are more than 1500 cryptocurrencies in the world each created to solve different problems. Cryptocurrencies are electronic currencies which exist on cryptographic network. There are some platforms that accept certain cryptocurrencies like Ethereum(ETH) for payments and in other to exchange the altcoins owned by users to this ETH or any other altcoins accepted by any platform for payment at any given time, there has been the development of exchange platforms where you can trade one or more altcoins for ETH or any other cryptocurrency.

THE HURDLES OF THE CENTRALIZED TRADING PLATFORMS

The development of centralized trading platforms is however, the exact opposite of the purpose of owning a digital currency as cryptocurrency trading platforms like Binance, Kucoin, Coinbase etc are operated by companies who generate their revenues from fees charged in their platform which is against the blockchain tenets. These centralized trading platforms charge users certain amount of money to access and make transaction. Users do not make direct transactions as these trading platforms act as middlemen in every transaction carried out on their platform to make sure the seller and buyer in the trading process meet their end of the bargain and in some platforms, they determine the bid and ask price for each asset which is in most cases have a very wide spread as against the current market value.
Some centralized trading platforms like forkdelta requires your private and public keys for transactions which sometimes might be hacked causing users to lose all the funds in their wallets. There might be a temporary lock down on these platforms sometimes due to maintenance hence denying users of access to their funds. The continuous use of this centralized platform will only lead to further risks and there is a need for a transparent, secure and user friendly trading platform that complies with the regulations of the global trading network.

ADVANTAGES OF EPIPHANNY OVER MOST OF THE EXISTING EXCHANGE PLATFORMS

However, for this reason, EPIHANNY was created to offer a transparent and secure trading platform which is user friendly and easily accessible to all users thereby enhancing global digital assets trading. In EPIHANNY trading platform, users have control of all their transactions thereby eliminating the position of a middleman and distribution of transactions are carried out through nodes which indicates no cause for server downtime. EPIPHANNY is built on NEO blockchain technology which enables the platform to inculcate the smart contract network to self-manage the digital assets in the platform.

In EPIPHANNY platform, users are ensured of security, users/investors are guided on how to trade thereby encouraging more institutes to trade in the ecosystem which includes the quant trading system. EPIPHANNY trading network also incorporates a fair brokerage system which allows users to invest efficiently. Users will be able to develop financial derivatives for digital assets eventually there will be a financial contract and the value of the financial contract depends on the value derived from the underlying asset.
As against most trading platforms, EPIPHANNY network will build a strong compliance to the regulatory framework of the global digital asset trading network with the platform including Anti-Money Laundering System to the network which enables users to legally benefit from AML protective scheme. Users are a guaranteed of security and safety of their information. EPIPHANNY is built on a bloackchain technology and it is created to improve digital trading platforms and allow easy access for to the growing economy.

For more information on EPIPHANNY exchange platform, visit the following links

Website: https://www.epnex.io/
Whitepaper: https://www.epnex.io/static/Epiphany%20Whitepaper.pdf

AUTHOR

Steemit Username: eyezberg1
Bounty0x Username : eyezberg
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2118767