Crypto Circle X Creates a Blockchain Infrastructure for Traders

in #cryptocurrency6 years ago (edited)

Cryptocurrencies are wholly separate from the centralized monetary environment. The significant growth of cryptocurrencies, however, has paved the way for a great number of exchange platforms to facilitate trading. While some platforms exclusively focus on the cryptocurrency trading, other exchanges develop their infrastructure both suitable for crypto and fiat operations. Though the competition is extremely intense in this segment, more and more new exchanges try their hand at trading.

https://cryptocirclex.com/default.aspx

Exchange workload determinants

Crypto Circle X is a decentralized digital asset exchange which will act as a vehicle for potential distributions and trades, including a well-developed user interface design, trading tools for professional traders and novices, as well as 24/7 support service for its customers.

The way in which transaction processing system will work is a key feature of any blockchain. Increased speed of exchange on a decentralized processing network is a characteristic that goes without saying. Crypto Circle Exchange declares that the system will continuously tackle workloads worth 10 mln transactions a second. Due to this fact, the exchange is supposed to be able to outperform its competitors in several cases, in the first place, for a transaction speed.

Once registered in the system, traders will be able to submit limit orders, stop limit orders and market orders. To achieve this, Crypto Circle will include necessary tools to minimize potential losses through the stop limit function for orders, integrate conditional limit orders with regard to the price, etc. Another order types are part of the development plans to be added to the whole scope of options in the future.

Security policies
An algorithm for money laundering detection will be built in the system as well. This will prevent the system from money-laundering accounts as well as send notifications to administrators about any suspicious activities, including wash and pass-through trades.

The exchange will utilize the AES 256 encryption method to store sensitive information alongside CloudFlare protection. As additional security, digital assets will be protected through the use of offline wallet with a multisignature system.

Support chat
Traders will be able to request support in any time. For this, a communication channel will be enabled with Zendesk system and enabled in a form of a chat. In order to improve service and security level, users will be asked to pass a registration process as well as answer some verification questions when applying for support.

https://cryptocirclex.com/default.aspx

Trading pairs
The exchange will support trading with BTC, ETH and CCX tokens. Pairs in fiat and cryptocurrencies will be supported as well. Pairs with another mainstream cryptocurrencies will be formed additionally.

ICO Details

Pre-sale round will start on September 17 and close on October 22, 2018 followed by the main public sale from October 22 to November 26, 2018.

There are numerous different decentralized exchanges on the market. The optimistic view of cryptocurrencies use drives has also contributed to the emergence of new exchanges. In this light, we would recommend the team to pay greater attention to the system features description, provide better visualization of the trading tools they will implement as well as clearly articulate how the exchange will be different from the crowd.

Links:

Website: https://cryptocirclex.com/default.aspx
WhitePaper: https://www.cryptocirclex.com/whitepaper.pdf
Telegram: https://t.me/CryptoCircleX_Official
Facebook: https://www.facebook.com/CryptoCircleX
Twitter: https://twitter.com/CryptoCircleX
Medium: https://medium.com/@CryptoCircleX
ANN: https://bitcointalk.org/index.php?topic=4906962.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049

Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70753.86
ETH 3589.34
USDT 1.00
SBD 4.75