PRIMEX- Bridging the cryptocurrency-fiat gap

in #blockchain5 years ago

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The word “exchange" sensu-stricto is a major component of human existence as we know it. The ability to exchange one product or service for another helps everyone survive as no one is a monopoly.

Narrowing the gist down into blockchain technology, exchange platforms give our coins value because the absence of an avenue to exchange one coin for another will mean most of the coins in circulation will be useless in many hands. However important these cryptocurrency exchange platform are to the cryptosphere, there are still various factors which sill leave a lot to be desired, these include;

  • Total disconnection between cryptocurrencies and fiat: The cryptocurrency exchange platforms at our disposal do not offer an avenue for users to seamlessly change their cryptocurrencies to fiat or vice versa. Instead, users have to withdraw funds to personal wallet before exchange can take place on a totally different platform. This whole process is tedious and often insecure.
  • Poor security and technicality: We absolutely cannot deny how worrying it is that cryptocurrency exchange platforms are being hacked at will. This is usually due in large part to carelessness and inexperience on the part of the founders.
  • Glitches and bugs while trading: System errors and other glitches coming to the fore while trading on an exchange platform is often a cause of concern for users as it could lead to loss of funds.
  • Poor customer support: Many exchange platforms are in the ecosystem simply for their own gain. They absolutely do not worry about the concerns of the users while using the platform.
  • Language barrier: Some exchange platforms only offer webpages and customer support in a single language, not considering the fact that the blockchain is borderless technology.

With the few issues I've been able to highlight, the only sure thing is that we need a major improvement on the cryptocurrency exchange platforms currently at our disposal.

Introducing PRIMEX

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PrimeX is blockchain based project which offers state of the art solution and advanced technology with the goal of delivering high speed, secure and low fee payment to anyone in any part of the world. The platform is built to overcome the inefficiencies which currently plague government central banks and other cryptocurrencies. The team behind PrimeX have also put security and privacy at the top of their priority list.

Products offered by PrimeX
There are three major services which define the PrimeX platform, these include;

  • Exchange services: The PrimeX platform intends to be the primal cryptocurrency exchange platform within the cryptosphere.
  • Mobile wallet: The PrimeX platform also offers a secure cryptocurrency wallet for users to store their funds.
  • Investment services: The team intends to offer users a raft of financial services to enable them meet their financial goals.

ICO schedule and Tokenomics
The PrimeX platform is driven by the token, PrimeX Coin (PXC). The token has a total supply of 200million with it's unit price ranging from $0.1 to $0.5 during the token sale. The token sale will run till 4th of March and you can make your purchase using ETH, BTC or LTC.

Roadmap

  • 2018/12/08- Development of PrimeX completed
  • 2018/12/20- Compilation of whitepaper
  • 2019/01/20- Launch Of official website and whitepaper release
  • 2019/01/26- Commencement of airdrop and bounty campaign
  • 2019/01/28- Launch of ICO
  • 2019/02/25- Beta Prime Exchange Release V1.0
  • 2019/03/04- ICO Completion

Conclusion
Even as cryptocurrencies are gaining widespread popularity, there is still a great dividing line between the world's of digital currency and fiat. If the team behind PrimeX successfully pull of their plan, we will definitely have a lot to smile about.

If you intend to learn more about the PrimeX platform, you can visit any of the following links;
Official Website: http://primexcoin.co/
Whitepaper: https://drive.google.com/file/d/1L0IjDWlfGmc0KvxlI6Voh09uxgYAi5OV/view?usp=sharing
Telegram: http://t.me/primexchat

Authors Btt Username: mtbosede
Authors Btt Url: https://bitcointalk.org/index.php?action=profile;u=2407189

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