The Adonx.One project
Introduction
Cryptocurrency was originally known as a payment system that allows people to be able to make transactions quickly, without third parties, in a transparent, secure and anonymous manner. Satoshi, who was the creator of Bitcoin, the first popular cryptocurrency, made Bitcoin beat a centralized financial system that was prone to manipulation and was controlled by one party. With the growth and development of the Crypto / blockchain ecosystem, a number of alternative investment options have emerged, and have proven to be more efficient and profitable investment tools than traditional financial returns. Innovative projects consistently emerge in the crypto industry with high returns and sustainable trends, such as the DEFI Program. currently there is a new investment trend besides ICO, IEO, ITO etc. if you don't know what is Defi ?? DeFi is an innovation that was born to ensure that all financial services can be realized on the blockchain network in a decentralized, transparent and reliable way, without intermediaries such as decentralized financial banks, payment service providers, or no third parties. and this time I want to tell you about the Defi project, such as the ADONX EXCHANGE Project and the ADONX EXCHANGE Project which will attract a large market investment.
What is Adonx?
Adonx is an Exchange Ecosystem with various new unique features which creates a multi-functional Crypto exchange platform with various basic things such as escrow & payment services more quickly, efficiently and safely. Adonx utilizing Blockchain Technology to form the basis of their platform as well as secure bank-grade security standards. As we know at this time most Blockchain startups and small merchants are burdened by various fees such as transaction fees or others, the Adonx Platform tries to change it all by aiming to create a Community-Driven Platform by providing opportunities for various crypto projects to be traded on exchanges. Adonx market with cheap listing fees and of course provide lower transaction fees than other crypto exchanges.
The Adonx framework is built on an architecture with advanced and secure multi-level application algorithms and all transaction processes will pass through several sophisticated layers of security before being verified by operators. The backend of the Adonx Exchange Platform is rigorously designed to create a more unique and secure Complex Algorithm, making it more difficult for various irresponsible parties to break the platform. Most of the end security points are protected by second level authorization through multiple layers of security such as OTP, 2FA, Pin. The Adonx Developer Team also maintains all layers of security on a regular basis where various things will be monitored, analyzed and audited 24/7 with updates that will continue to be updated according to current international security standards. For more details you can visit their official website here; https://adonx.one/
The Adon Stable Blockchain is an efficient, anonymous, resilient, transcendent, powerful, decentralized, general purpose open source cryptocurrency built on Cryptonote technology with low cost and fast peer-to-peer transactions. Adon combines all the best and amazing features of CryptoNote cryptography in addition to its unique and powerful features. It offers end users the best authentic experience they can have with CryptoNote currency.
In addition to being a currency, Adon solves the privacy issue with CryptoNote's privacy features and enables private messages at the blockchain level through its wallets. Adon makes it easy to send a private message to your friend. The main purpose of the integrated address is not to hide the actual wallet address, but to package the payment ID to simplify the process. Sending funds to the actual wallet address or the embedded wallet address is the same, you receive funds to your actual wallet address. Adon provides blockchain-level time deposits with its hybrid POS concept. Adon allows an interest rate of up to 12% per annum, which from an economic point of view is the most realistic rate and, based on the global economy, does not make Adon inflationary, creating a long-term sustainable,
Ring signatures that shuffle users' public keys to make it impossible to identify a specific user. Ring signature is a more complex scheme and may require several different public keys to verify. In the case of a ring signature, for example, we have a group of individuals, each with its own private and public key. The ring signature assertion is that the signer of the message is a member of the group.
Adon protects the recipient from determining his balance by checking incoming messages to the user's public address with random sender data, automatically generating several unique one-time keys obtained from one public key for each p2p payment. Adon's robustness to blockchain analysis arising from disconnectedness is intended to mitigate the risks associated with key reuse and one-in-one-out tracking. which generates multiple one-time public addresses that the recipient of the message can simply collect. But almost never analyzed by the bewildered aliens inside the block explorer.
Adonx.One the Payment System for new digital Economy.
To provide simple, fast, innovative, state of the art, secured yet powerful crypto exchange, escrow & payments platform.
Most of the crypto startups and small traders are suffering from high listing fee and trading fee. Adonx platform aimed to list all eligible projects with very low listing fee and provide near zero frading fee experience to traders.
I./.Adonx.One Featurs
“Making trade and crypto commerce unconditional and better for everyone by providing an exceptional platform to consumers and businesses, Makes it universally, easy, accessible, and useful.”
1.Multi-Layered Security
Adonx backend is built on a multi-tier application architecture, and all requests will always flow through multiple secure layers in order to fulfil the request. Adonx platform has been architected carefully to mitigate/minimize security issues and vulnerabilities in different stages, some of them but not limited to transport level, application level and storage level security issues.
“Secured Sockets Layer is always enforced when and wherever applicable in the transport layer. Data encryption/decryption is always enforced in several layers where ever applicable. Adonx platform by default supports following user-level security”:
Most of the endpoints are being protected by second-level authorization. Configuration options are available per feature in their account settings page. All security layers will be monitored, analyzed, and audited on a regular basis, patches and updates will be updated whenever required.
2.Multi Crypto Wallets
Different blockchains have different wallets, every user will be facilitated with unique wallet address per blockchain, some of them can be rotatable ( i.e., user will get a new address every time they receive a deposit, this option may or may not available depending other features user enable or blockchain type) an option is available in their settings page.
Crypto Wallet Address #
Crypto wallet address comprising a string of alphanumeric characters, these addresses are generated on a blockchain using a set of private and public cryptographic keys. The length of the address may vary on underlaying blockchain technology and it’s hard to remember because of its randomness and length. Example of bitcoin address as illustrated bellow
19WLgARaJpbzceJptrDQTfYSS6uQSKRxcs
Vanity address #
A vanity address is a personalized crypto wallet address on the blockchain, these types of address may be useful for business users on B2B, B2C type of business, an example of bitcoin vanity address as illustrated bellow
19EmmaCoffeepbzceJptrDQTuQSKRxcs
The complexity of generating of a vanity address depending on its pattern and certain criteria and sometimes it may take a lot of time to generate such address depending on its complexity. Adonx planned to support such vanity addresses on supported blockchains. The applicable fee will be charged depending on its complexity and time to generate.
“Caution: Vanity addresses can make it possible for anyone to create an address that resembles another vanity address. They are not special or provide any kind of additional security or any features, they are just like other address on blockchain except they personalized”.
3.Account Alias
Adonx platform provides unique aliasing system to it easy for users to deposit from anywhere anytime without logging into an actual user account. User will have an option to set up alias name for their account, these aliases will provide access to get their deposit address for different wallets. A typical account alias will look like as below
Anyone can see the address of a wallet if they know alias of a user on Adonx platform. To secure this behavior a layer of security is added with OTP/2FA, so the user needs to provide expirable OTP/2FA code to third party along with alias to see the address of the wallet. Alias security is configurable, you can make it private with OTP/2FA/PIN security or altogether you can make them public. It’s up to user decision. This feature will enable users to make quick deposits to their wallet from anywhere anytime without signing into their account.
4.Atomic Swap
An atomic swap is a process of exchanging one cryptocurrency for another without having much work involved. Usually, coin/token owners perform this task when their existing blockchain/code/protocol is deprecated, and they want to introduce a new blockchain or with a new protocol. It will be a massive work for them to collect all deprecated coins/tokens from their users and send new coins/tokens as a replacement. Adonx solves this with atomic swap feature, coin/token owners initiate swap of all old wallets with old coins with new wallets with new coins without additional complexity or calculations.
5.Airdrops
An airdrop is a distribution of crypto coins/tokens to massive wallet addresses, usually for free. Airdrops are used to gain attention and new followers to increase the user base. Adonx platform support airdrop feature. Coins/token owners, enthusiasts and promoters can perform this kind of complex airdrop without any additional complexity.
6.Exchange Services
With the highly scalable matching engine, it can withstand high load and can process millions of orders per minute.
II./. Market Order vs Limit Order
To provide better satisfaction of your needs you can use a market order to buy or sell a coin/token at the available price ensuring its executed immediately. Or you can use a limit order which allows you to set the price at which you want to buy or sell desired coin/token so that it will only be fulfilled when the price crosses the specified price value.
1.Escrow Services
An escrow is an agreement where a third party controls the payments between two transacting parties and only releases the funds involved when all of the terms of the given contract are met. Adonx platform provides a smart contract for performing these escrow operations without having to involve a third party. Being decentralized and being operated on a blockchain it will protect buyer and sellers’ assets until both parties have met their requirements of the agreement.
2.Multilingual Support
Platform & all its clients will be available in different languages; Initial release will be available only in English. Russian, Spanish, Portuguese, Chinese and other language support will be provided during the future rollout of software updates depending on features scheduled and priority.
3.Exchange Pairs
Adonx will support following trading pairs initially, which include but not limited to
• BTC
• LTC
• DOGE
• ETH
• ADONX (Adonx Token)
• USDT
New pairs will be added as and when possible depending on feasibility.
4.Listing a Coin/Token & Fee
There are 3 Listing types available. All listing types provide at least 3 trading pairs by default. All projects to be listed on Adonx platform are subject to meet certain minimum requirement criteria, which will be updated in Terms of services and criteria part of the listing form.
● FREE LISTING
A project with an innovative idea and decent community will be listed for free.
● PAID LISTING
Coin/Token owners need to pay a certain amount of fee to list it on Adonx platform. Coin/Token owners will contact Adonx through listing form on adonx.one where they need to fill up various details about their project.
● LISTING THROUGH VOTING
A project with a great idea & a decent number of community members can request their project for listing through voting. Community members of the project will vote for the project listing. Multiple coins/token may available in the contest and the highest voted project will be listed.
The fee structure and split will be available once the platform is online. Most of the fee will always be charged in ADONX tokens form.
5.Software & Coverage
Adonx client software will be cross-platform compatible and will be available for following devices/platforms.
● Web-based client for browsers (mobile friendly)
● Desktop client for Windows, Linux and MacOS
● Android mobile devices as a native application
● iOS mobile devices as a native application
Consumable Rest API for developers & partners
6.Developer API
Once Adonx platform is stable a consumable REST API will be available for developers and partners to extend, implement their own functionality, features and application based on Adonx platform. A well-documented and formatted guide will be available on usage of these APIs. Developer API is protected by API Key, developers & partners are needed to generate one before consuming these endpoints. This will virtually make endless options available to customize and implement their own applications and use cases.
Cryptocurrency is currently starting to be recognized by the world as an Instrument with various Use Cases in all fields Through The Blockchain Technology. Various new projects with good potential also continue to be launched, but various things hinder the development of the project such as Listing Fee, Complex Process, etc. Adonx is a solution for all of that by creating a new exchange platform with unique features. I highly recommend you to join Adonx.
I think that's enough for now, don't forget to follow & upvote for more content about new potential projects, I will provide some links related to the Adonx Project below. Thank you very much!
Website: https://adonx.one/
Twitter: https://twitter.com/adon_network
Telegram: https://t.me/adon_coin
Reddit: https://www.reddit.com/r/AdonX_One
Discord: https://discord.gg/9chzdW4
Facebook: https://www.facebook.com/adon.network/
Bitcointalk: https://bitcointalk.org/index.php?topic=5320459.0
Whitepaper: https://adonx.one/assets/docs/whitepaper.pdf
Authored By Fredeix
https://bitcointalk.org/index.php?action=profile;u=2209658