The global cryptocurrency is currently in the hundreds of billions and the means which users get onboarded is through centralized exchanges. The centralized exchange market is currently the most profitable sector for investors to invest in. The exchange industry is limited by factors like liquidity,trading pairs,KYC,regulations,different prices and lots more.
Problems facing the current exchange landscape
Multiple accounts|Multiple KYC|Multiple Wallets|Multiple interfaces
If you have been in crypto for just few months,you will be faced with the challenge of having multiple accounts with different exchanges,having to take a picture of your yourself with your identification document and also having to deal with multiple exchange interfaces and wallets.
Disparity across exchanges|No guarantee of best price
Another challenge with trading crypto is the seeming price disparity or discrepancies among crypto exchanges,an asset like Bitcoin can be trading at 20 different prices on 20 different exchanges,while this might be an opportunity for arbitrage,very few traders are able to take turn this seeming limitation into advantage.
High execution fees|Unnecessary withdrawal fees
Imagine you wanting to withdraw $40 worth of coins and your exchange charging you $10 as transaction fee,the simple question to ask is :
“Are we going backward or forward with the presence of crypto?”
Slippage from large orders
When large orders are placed on an exchange,sometimes it experiences slippages,meaning all the orders are not fulfilled uniformly,part of the order at the set price goes through while another fails through.
Finxflo Solutions
According to Finxflo
Finxflo is a global cryptocurrency exchange aggregator. It aggregates offers from the world’s leading exchanges, thereby granting users access to the best buy and sell prices and the highest margins. Users implement trades on the platform using Finxflo’s native token.
Exchange aggregation engine
One of the innovative solutions that Finxflo offers is the opportunity for users to access an aggregated liquidity market with the best buy and sell bid offers coupled with an improved market depth.Another advantage of this platform is that it avails users the opportunity to access multiple exchanges through a single portal and with that the burdensome need to have multiple accounts or do multiple KYC is eliminated,with institution-like trading fees,a consolidated global order book and a smart order routing and the elimination of withdrawal fees,Finxflo is positioned to bring users across the globe the best trading experience.
Finxflo's smart order router will choose the best possible price from each exchange it’s connected to make sure the trader gets the overall best price.
It also prevents against front running and wash trading as well as give every user a fair playing field. In addition,trading fees on the platform will be paid with the Finxflo tokens.
Platform features
elasticity: The platform’s data is spread across different node clusters and can dynamically scale as nodes are added or removed from the system. It has a powerful streaming engine that allows it to collect market data from a host of exchanges that it’s connected to and aggregate them into a single market.
fault tolerant: The platform is built with fault tolerance in mind,systemic failures or sabotages may arise in a network due to malicious and non malicious causes and to prepare against such,the exchange was built with data backups in mind,the exchanges serves its data across different servers and such data will be made available in the events of bad actions like DDOS,hacks etc.
low latency: It has a transaction engine that is powerful enough to handle thousands upon thousands of transactions per second and that makes it extremely fast,as against processing orders in micro or mini batches,the exchange can be likened to a streaming service for cryptocurrency trading.
Secure : It employs the latest development in the field of machine learning for customer behavioural analysis and patterns,with these just like banks are able to detect in real time abnormal behaviours with a customer’s account and flag it,the Finxflo exchange will be able to detect malicious behaviours in real time. All actions on the platform are recorded in real time for accountability and auditing processes. The exchange will submit itself periodically to external audit and security checks.
It will adopt military grade encryption as well as other industry best security practices.
Finxflo has partnered with Fireblocks,an industry leader in secure crypto custody service.
Team
Liam Patrick Jones CEO
Liam Jones is the Chief Executive Officer at Finxflo.He possess over 30+ years in the currency trading market,cyclist by hobby,Liam has been involved with the likes of large international banks such as UBS, Daiwa Europe and Société Générale in London; USCB in Riyadh and Royal Bank of Scotland in Singapore.
Liam is licensed as an Approved Registered Representative as granted by the Monetary Authority of Singapore.
James Gillingham CO-FOUNDER
James Gillingham is one of the co-founders of Finxflo. James is an expert in management and policy execution with over 13 years of experience under his belt,he has been involved in International Asset Management before founding JageroFX.
Token sale
50% - Public Sale
38% - Locked (27% - Operations / 11% - Founders’ Team)
5% - Private Sale
5% - Partnerships
2% - Competitions
Minimum investment USD 500.00 (or equivalent in BTC/ETH)
Learn more
Website : https://ico.finxflo.com/
Twitter : https://twitter.com/Finxflo
Facebook : https://www.facebook.com/Finxflo/
Telegram : https://t.me/Finxflo
Instagram : https://www.instagram.com/finxflo/
Whitepaper : https://ico.finxflo.com/wp-content/uploads/2020/05/FXF-White-Paper_May-28-05-20-1.pdf
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