Right now i am here to introduce you a new cryptocurrency exchange that aims to be exchange for trader and gamer. The platform lead by Mr. Duyen Tran and named Extradecoin.
Commonly Problem in Today's Gaming Industry
- Gamers need to go through intermediaries/ 3rd parties to make a payment in game e,g Banks, Financial companies and etc. This causes high transaction fees, long transaction times. The higher the volume, the more transaction costs are incurred.
- Many payment methods are not accepted worldwide or in some countries of the world. The regulations for international transactions are quite complex.
- Deposit/withdrawal limits.
- Gamer's security is rather low. Account information is vulnerable to hacking or the risk of being exposed by game developers (aka private information trading)
- In traditional games, the digital assets that gamers possess are stored on the developer's server, i.e., the gamer does not own it, and game developers can interfere or delete the player's account at any time without any reason or warning.
- Transfers between players are limited.
About Extradecoin
The Extradecoin blockchain crypto-currency ecosystem is basically all about a platform project focused on trading and making project amongst themselves as traders. The platform is unique as a platform for reliable, trustworthy and functional trading operations for users in general. Extradecoin is also a platform for gamers and game publishers. The platform defines the relationship of trading among traders, gaming among gamers and also developing among crypto developers. it is a wide reach out point of new instincts to trading on the cryptocurrency.
Extradecoin Features
The Extradecoin platform navigates with unique functional features which is designed with at meeting the needed requirements of the platform and its users preference. These features include;
- The Exchange( Security) : The Extradecoin platform uses the amazon web services framework structure for its security processes and operations.Thus,”Extradecoin systems requires account authentication, client identification, and 2FA security to log in. Different individual systems cannot interact with each other unless approved and monitored”(extradecoin.com, 2018).
- The MultiSignature Wallet : The Extradecoin coinage is equipped with a multisignature wallet system which is very advanced for private security functionality. The wallet is developed as a sequence to own two private keys.Hence,one of the keys is for the user and the other for the Extradecoin blockchain platform; which is stored on another decentralized server. This creates a high technology framework system and architecture and maintains a sequentially combined niche for user safety anagrams.
- Margin Trading : The Extradecoin coinage provides the place of margin trading for users. This means and implies that all users have a place of leverage when trading on the platform. However,a little token fee is paid when such transactions are carried out with great profits in the process. This also depends on when the investor made the transaction deposit and amount.
- Token Play : The token play encloses the whole Extradecoin platform gaming structure which the user can enjoy on the platform. Below is the diagramatic depiction of the Extradecoin token play framework.
Extradecoin Main Function
Extradecoin will allow investors to spot trades through limit orders and market orders. In addition, the company will support margin trading with high-margin companies that are integrated with the loan platform. In the near future, Extradecoin will also build decentralized exchanges. Through a decentralized platform, investors can transact cryptocurrency without restriction. Extradecoin will develop new trading models, including transactional decentralization in Blockchain to meet different investment requirements.
Cryptocurrency News Updates
The latest news on the cryptocurrency market as well as the latest breakthrough technologies will be updated in the "News" section to provide a multi-dimensional picture and detailed market information to investors.
Offline and Online Training
To support new investors who may not be familiar with cryptocurrency and to improve transaction efficiency, Extradecoin will launch Online and Offline training courses. Investors coming to Extradecoin will be trained in market knowledge, trading skills and have the opportunity to meet with professional traders.
Report analysis and evaluation
Periodic reports on the cryptocurrency market will be developed by professional analysts with knowledge of current technology and who have long-term investment experience in the market. At the same time, Extradecoin will execute a detailed review of ICO lists on the trading platform to help startup companies. It will also help identify potential ICO projects that have sufficient quality and profit potential for our customers.
24/7 customer support
To bring the best quality of service to our customers, Extradecoin will deploy multiple customer support channels that will operate 24/7 to answer questions, help new features of website features, receive user feedback, assist in handling transactional issues and notify customers if
a problem occurs.
Borrow Platform
To increase profitability for investors, Extradecoin will play the role of an intermediary, in a platform that connects lenders and borrowers. Investors may have unused cash in their Extradecoin wallets so they can lend each other to earn an additional monthly income. Investors, who want to increase their capital and seek new investments, can contact Extradecoin to find suitable loans.
Margins mechanism
Investors who want to borrow money on Extradecoin need to find suitable loans based on platform rules. The requirement to borrow is that investors should at least have the least amount of coins they want to borrow. This is the margin to be used to guarantee investor loans. The borrower will be able to get a coin loan with a registered coin and, at the same time, the interest will be paid by the coin that is registered back to the lender. For example, an investor holds the ETH; they can borrow an ETH loan at ETH and pay monthly interest using ETH. Investors can borrow up to the amount they deposit, which means they will have twice the amount and investors can use all this money to trade. Every month, the investor must pay interest in accordance with the terms of the loan. Interest will be deducted directly from the borrower's account on the date of interest payment. On the maturity date, the investor must pay both the principal and interest as agreed at the beginning, plus 1% transaction fee.
Extradecoin Customer
Extradecoin is intended for certain customer groups:
- Investor : Extradecoin will help investors to get the most crypto currencies available on the market. The company offers services with the lowest commission, minimum waiting time for withdrawals, fast transfers from the process and placement of orders immediately.
- ICO developer : Extradecoin supports new ICO projects in the opening process and requires funding. The company assists clients in selecting and investing in ICO projects. The company also helps investors to resell tokens, even though the ICO project is still ongoing. After the ICO is complete, investors can continue to trade this coin at Extradecoin. By doing this, Extradecoin helps expand the ICO community, which increases liquidity and token value.
- Gamers : Token Play is a place where gamers can entertain and profit from the game. Playing our game on TokenPlay, Gamers use coins to exchange in game services. TokenPlay will have high information security. At Extradecoin, people can also be players and investors at the same time.
Extradecoin is aimed at increasing the profit of its investor users. Also Extradecoin supports them in trading margin on the platform. This trade will allow the trader to open a position with a lever; they can trade margins with a doubled deposit amount. In addition, investors are required to pay a margin. This fee will depend on the time that the investor spend on the transaction and on the amount of the deposit.
Token Details
The ETE token is the ERC20 token utility utilities, which serve as a means of using the Extradecoin platform. This token will allow owners to use all the functionality and tools of the platform. Investors can use ETH to purchase ICO tokens. These ETHs will be transferred to ICO managers, and they will pass the token back to the investor. When ICO is over, investors will be able to use it for trading on Extradecoin.
- Token Name - ETE
- Standard token - ERC20
- The total number of tokens issued is 250,000,000
- The price of the token for pre-sale: 1 ETH = 6000 ETE
- Bonus - 20%
- An additional bonus when buying for more than 100 ETH, the bonus will be 30%
- Accepted currency is ETH
- Cost of the token on the ICO: 1 ETH=5000 ETE
- The bonus will be 10%.
Token Distribution
I think that's all for the introduction of this platform. I believe with the innovative solutions that offered, the platform can be promising in the future.
Do not hesitate to follow below links if you need further informations:
Website | Whitepaper | Ann Thread | Twitter | Telegram
Posted by:
Bitcoin Talk username : maniak kemsut
Profile Link : https://bitcointalk.org/index.php?action=profile;u=2132482
Wallet : 0xD1182fe4B8ae5E4D7801f6B851374E3F3A2d6A04
Thank you & love to see you back!