CGCX is a project created in Singapore, not only from currency exchange, which is part of a new hybrid development trend. In this case it offers a speed of operations per second of 1 million, ensuring stability and security for traders. In addition, the project wants to offer the possibility of direct exchange with the current fiat currency.
Until now, online platform only with active registration and reference form. In fact, by signing up, you can already enter your own Ethereum address and check all previous transactions at the same address. The project, in fact, also provides an excellent decentralized wallet that can provide a global view for savers on more blockchain. In fact, in the wallet it will be possible to enter more addresses from more blockchain and trace the history.
As with any established exchange, the token that the project wants to fund, will work to cancel the trading commission, to access certain services on blockchain, and to select new tokens that need to be registered on the platform.
The project's ecosystem provides for the possibility to trade several tokens added to the platform by voting. The internal currency, the CGCX token acts as a guarantor of receiving discounts when making payments and when calculating with the subjects of trade relations on the platform and in cross-platform transactions. Using this token will benefit from the adopted loyalty system and discount program.
The reliability of the project is provided by smart contracts and the use of artificial intelligence technologies.
The system has a good interface, containing various functions, as well as more advanced tools (for example, diagrams) and panels optimized for more active traders, at the same time understandable to beginners.
The CGCX platform will be able to integrate with any e-commerce system and will be able to accept payments in the crypto currency. In addition to paying for goods and services with crypto currency, the CGCX platform will provide traders with tools for analyzing customer behavior, simulating costs, and so on.
CGCX is not just a currency exchange.
This platform will give you free access to all merchants who want to receive crypto payments. In fact, selers can subscribe to platforms and install Point-of-Sale applications on their e-commerce sites with low commissions, which allows them to receive payments in any currency. It uses Crypto in the application.Finally, this is the last module, the most interesting module, which enables the creation of self-generated contracts, on the Ethereum blockchain, which may involve more crypto money. This service can be used for various purposes. From banking services, loans, loan contracts, etc.
50% of all cards are sold on ICO. The rest will be dedicated to platform operations (19%) and for remuneration for developers and consultants. The harvest will be devoted to international marketing and development, with 50% of the platform ready. In fact, the team wants to launch at the end of the ICO operational exchange platform (end of June), pair it with smartphone apps; In July, a voting system for a new token list is expected to be launched; In September, the module for intelligent contract making and finally, in January launched a module for e-commerce.
The initial public ICO will be June 1 and will end at the end of the same month. The minimum funding target is 5 million dollars. The team is very active in promoting projects, and even if there is not much hype, I think the project is valid because it is simple and tied to the most pressing market needs.
Conclusion
CGCX is a hybrid exchange of a new generation that can solve a huge number of problems while opening up innovative opportunities. In addition, the exchange was established in Singapore, which already indicates its success and reasonableness. Therefore, we can say with certainty that the project is doomed to success and will be able to occupy a niche in this segment.
Website: https://www.cgcx.io
Whitepaper: https://www.cgcx.io/wp-content/uploads/2018/05/Whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3440704.0
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Author's Bitcointalk Name: joey alexander
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