Introduction

A study of the time taken from the evolution of a concept to its adoption would easily rank blockchain at the numero-uno position. Through Bitcoin, the idea of cryptocurrency was introduced to the world in 2008 and in just a decade the cryptocurrency market is worth USD 220 billion. Like I said before, this must be the shortest time from the introduction of a concept to earning big in the market. As of today, which is 2018, there are more than 1500 crypto-coins available for trading. And that is not all, the pace is only set to increase. There are a number of ICOs planned for 2018 and such ICOs will only continue to grow in the coming years. In other words, expect at least 100 coins being added to the list every year; and that is the minimum we are looking at. But the thing is, there are only about 200 crypto-exchanges worldwide supporting this USD 220 billion market. 

Let’s look at the numbers that we just discussed. 200 crypto-exchanges supporting USD 220 billion market means, roughly each crypto-exchange is supporting USD 1.1 bn worth of transactions (or market capitalization). We know that there will always be a skew with few exchanges supporting billions of dollar worth of transactions while most of the exchanges would be finding it difficult to support even USD 1 million worth of transaction. So, not only are the exchanges few but the amount of business they can support is also quite limited for most, barring the bigger exchanges.

Now, add the other dimension to the mix. The aspect of unavailability of most coins at an exchange which a user would want to trade on. An example would help to understand this point better. One of the popular exchange in my country of origin supports our very own “Steem” but not “SBD”. So, to trade SBD I have to look at another popular exchange in the US. This means that just for two currencies which as a Steemit user I have, I will have to look at two different exchanges to trade those currencies. Now, extrapolate these to over 1500 crypto-coins and around 200 exchanges and we have some mind-boggling numbers. I mean the permutation and combinations are immense! In lay man's term, a user will have to keep on finding new exchanges to trade cryptos of his or her choice, if they are not already listed. So, the need of the hour is to have an exchange with maximum cryptos listed in it for trading.

Last of the dimensions of the trading challenge is the paper-work. Let’s just take my example from over the previous paragraph. Both of the mentioned exchanges required a lot of paperwork to be done and not to mention that my native exchange took a neat 72 hours before allowing me to trade. The sad part is that I have actually done paperwork for registering on a few exchanges and I will probably never use them again. Why? Because I just got some coins from an airdrop and all I wanted was to get rid of them. See my point? All the effort I went through only to exchange the airdrop coins and never see that particular exchange again. So, that brings us to the second point - too much paperwork for too little returns is just an over-kill!!

Let's summarize our observations so far. Limitation of coins listed on an exchange and too much paperwork for no reason are in a way stifling the growth of the crypto market. Can we imagine the situation of the fence-sitters who would have attempted to try out crypto-trading only to go through my kind of experience? What do you think they would do? Simple, they would go back into the cocoon of avoiding the crypto-world.  

This is not an enormous issue which cannot be resolved but an issue it still is. The need of the hour is an exchange with a longer list of cryptocurrencies available for trading and, if possible, zero paper-work. Do we have such an exchange? 

Turns out we do!  

 

We are talking about OnePageX

 OnePageX comes as a solution to few of the challenges that we saw in the previous section. In fact, the solution is so simple that most of the trading by the interested party can be done on just one page and in a matter of minutes. How cool is that? So, no more toggling, no more trying to figure out where is what, and no more waiting to get started. The name “OnePageX” denotes the operational nature of the exchange which is a “One Page Exchange (X)”.

In their own words, OnePageX is spoken of on Steemit as follows:

OnePageX is an online cryptocurrency to cryptocurrency converter. With a recently launched beta, we are excited to bring a simpler alternative to the cryptocurrency community. We offer the largest selection of cryptocurrencies online and aim to keep expanding our offering.

As we speak OnePageX has a listing of 150 cryptos which is nearly 10% of all the available cryptos in the market. This is, by far, one of the largest listings of coins on an exchange. And OnePageX team claim that they will be adding more coins and our very own Steem will also find its way to the Exchange. So, next time Steemians need to exchange their cryptocurrencies in a non-intrusive and easy manner they know where to head. OnePageX is the place to visit!

 

What are the Features of OnePageX?

OnePageX certainly is different from the other exchanges in the way they approach the crypto trading space. What is the difference? 

Let's take a look.

[A] 150 Cryptocurrencies to Trade on One Page

As discussed earlier, the access page of OnePageX Exchange is all that users will have to know about. All possible functionalities of Exchange between cryptocurrencies are provided over here. We can see the listing of all the currencies in alphabetical order making it easier for users to search. At the moment, the conversion is with BTC but soon more functionalities will be added.

[B] Getting Started – No Registration

Now that we have seen the cryptocurrencies available for exchange, the good news for users is that there is no registration. Which means, users who do not have to wait through lengthy documentation to get started.

Why is it important that OnePageX does NOT require registration?

The importance would be understood better if we got a sense of the segment of users who would be happy to try out OnePageX. These segments would be in addition to the regular traders who would see the obvious benefits way before the others. Let’s look at these new segment of users.

1. Airdrop Winners 

There are a lot of users (potential investors) who have won airdrops but do not know what to do with the tokens beyond the fact of getting them into their wallets. These are not the trading kind and would refrain from the effort of getting their tokens exchanged for the well-known tokens like BTC. For such potential players, OnePageX proves to be an easy to use solution and encourages them to continue trading.

2. Traders wishing Privacy 

Let’s be honest, exchanges have been known to use traders’ information in nefarious ways and not to mention, the information being leaked out. Those potential traders who value their privacy would keep out of trading. But the very fact that OnePageX does not require registration encourages such fence-sitters to try out trading.

3. Let Me Try it Once 

These are by far the bigger chunk of potential investors who just want to try trading once. For such individuals, it is the documentation that acts as a hindrance. In short, they will drop the effort if too much time and details are involved. OnePageX gives such potential players an avenue too.

So, in effect, OnePageX stands to attract and create a new variety of investors, who had so far stayed away from crypto trading. Like I said before, this is in addition to the regular traders. Regular traders do not need much convincing because they would see the advantages almost immediately.

[C] OnePageX Transactions

Transactions are kept simple just like it is mentioned on OnePageX's opening page. Choose the cryptocurrency, enter the withdrawal address, and start the exchange. Done!! It is as simple as that.  

Also, the transactions are added in the form of cards that the users can come back to and use any time. The transactions follow three steps which are automatic. Let’s say we are talking about a BTC to ETH transaction, then the following steps will be followed:

1. Fresh Transaction Initiation

2. Bitcoin Sent

3. Initiating Withdrawal (ETH in this case)

4. Withdrawal Complete

What is the benefit of being able to perform multiple exchanges from one page? 

The benefit of performing multiple exchanges from one page is the awesome user experience that follows. If we look at transactions at any other exchange, traders or investor will have to keep on toggling between windows. And in multiple trades, speed is of essence which is hindered by the additional “tabs” created on the webpage.  

With OnePageX though, the transactions are available on the same page as cards and gives the user the ease of toggling between trades without losing sight of the other trades. This, therefore, leads to an exceptional user experience!

[D] OnePageX Widget

This is one of the coolest features of OnePageX which is OneBox OR OnePageX widget. It can be easily added to a website by just copy pasting the snippet shown in the image below. And you are ready to use OnePageX!

There are numerous functionalities of the widget that can be thought of and the ones coming to mind are the following:

1. Cryptocurrency Writers

Such writers can add the widget to their site and therefore provide their reader base additional functionalities of converting their cryptocurrencies. In fact, the websites of cryptocurrency writers would be one of the best places for the OnePageX widgets. A particular coin could be discussed and the writer could direct the readers to exchange their coins, if so desired, on the widget on their webpage. How’s that?  

2. Website Owners wanting Engagement

This is the reverse of the above example. There are many good writers with minimal engagement. Readership exists but not engagement. Such website owners can add the OnePageX widget and attract readers to use the site and those that will be happy with the experience (which will be most), will bookmark and come back to the site. Now, that’s engagement! 

There are many more possibilities out of which we have discussed just two. So, the widget function is definitely an advantage and the best part is that it will function like the OnePageX exchange but within the widget.

 

Use Cases

Case 1: Bitcoin Trader Experiences OnePageX

This particular case has been made in video form by me. It can be seen here: