It is no longer news that the number of cryptocurrencies in circulation has rapidly over the past year. This has directly led to a corresponding rise in trading volumes. Several startup companies have made the decision to ride the wave of public interest in ICOs in order to raise funds for their businesses by issuing tokens to investors. Also, the continous spurning of new blockchain also continue to expand the blockchain industry. Though, every new project seems to learn from the shortcomings of the ones before it, we have still failed to see any blockchain which has attained perfection in every dimension
Blockchain development has exhibited to us that its has come to remain. The mechanical movements of blockchain advancement partners everyone together and making trades progressively feasible. This advancement engages snappy trades comprehensively. The most fundamental issue with advanced types of cash is the truth agents, as they can without quite a bit of a stretch evaporate. This makes it moderately hard to pursue making it harder to make any kind of report against the trader or to find your stolen resources.
The advanced cash development is created to bring security, cut down trades and trust to it's customers. In this mission, a couple of exchange arranges that relies upon blockchain development have been developed to fullfil these prerequisites anyway there data is low stood out from the craving for the customers.
Fortunately, the ITEX, an impelled exchange overhauled by Blockchain for crypto merchants has ascended to be the best leader of the cash related section of computerized cash/trading industry by making a decentralized appropriated creamer exchange organize. This decentralized cream exchange stage will pass on to reality the greatest limit of cryptographic cash trading.
Cryptocurrency exchange platforms happen to be the driving force of this constant spurning of projects. This is because they facilitate trading and exchanging of cryptocurrencies without which our tokens would have been valueless. This would have been synonymous to having a stash of cash and not having any goods or services to exchange it for.
These cryptocurrency exchange platforms come in two major forms, they include;
Centralized Exchange
Decentralized Exchange
+Centralized Exchange: In centralized exchange platforms,there is usually a governing body running the affairs of the entire ecosystem. They are often easy to use and users have easy access to advanced trading features.
+Decentralized Exchange: Decentralized exchange platforms do not have a central decision maker. This type of exchange embodies the true goal of blockchain technology which is “decentralization". Participants are fully entrusted with the security of their funds and the high degree of data confidentiality is a key advantage.
In summary each type of exchange platform comes with disadvantages of its own. This has forced traders to decide on which of the disadvantages they are willing to cope with. I'll like you to take a moment to picture how valuable an exchange platform which combines the best features of the centralized and decentralized exchange platforms will be of value to the cryptocurrency ecosystem at large.
Introducing ITEX
ITEX is an hybrid exchange which is intended to offer the technological advantages of decentralized exchange platforms while incorporating the key advantages of some centralized exchanges which include adequate liquidity, security and active customer support.
Tokenomics of ITEX
ITEX operates a token based ecosystem which is based on the ethereum network. ITEX will be the driving force within the ecosystem and will play several important roles for users, these include;
The ability to vote for new cryptocurrency listings.
The right to earn a percentage of the platforms total income.
ITEX token will act as a market within the ecosystem, making it easy to exchange for other cryptocurrencies.
Hodling ITEX earns you discounts on trading fees.
During the span of token sale, 200 million ITEX tokens will be put up for sale
Conclusion
After examining the different features that characterize the centralized and decentralized exchange platform. It is obvious that none of them have actually satisfied traders in all ways. This has led to a team of well grounded cryptocurrency enthusiasts looking to incorporate the best features of both types of exchange platforms. By doing this, cryptocurrency traders are sure to get all the best features they desire within the confines of a single platform.
For further information, you can visit any of the links listed below;
Official Website: https://itex.exchange/
Whitepaper: https://itex.exchange/whitepaperv1en.pdf
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