What is Cryptonity Project?

tinhkhuat (32)in #cryptonity • 6 years ago

What is Cryptonity Project?

Cryptonity is the combination of two words: Crypto and Community. Simple but strong and meaningful, our goal is to be an exchange that is respected by the Cryptocurrency Community. We aim at providing the most comprehensive, secure, transparent and collaborative exchange platform in the market. We want to bring good vibes to the Crypto World, breaking with the ‘only profit’ policy of most exchanges.

They aim at providing the most comprehensive, secure, transparent and collaborative exchange platform in the market. They want to bring good vibes to the Crypto World, breaking with the ‘only profit’ policy of most exchanges. Building a cryptocurrency exchange is not an easy task. Building an exchange that provides a complete set of tools and features is an even more challenging ambition. At Cryptonity, they are conscious of the time, self-investment, and passion and hard work a project like this demand.

Cryptonity Problem:

From our point of view, we see two different categories of cryptocurrency exchanges: the big players on the one hand, and the challengers on the other hand.

The ones we subjectively call the challengers do not care about their users or customers, and seem not worried about their credibility. The majority of them list all coins who accept to pay their expensive fees, and that’s it. They don’t interact with their customers, don’t make any improvements (such as UI upgrades), and only focus on maximising their incomes. They are very often not transparent at a point which it is, sometimes, for us, hard to understand how some users can trust them and engage their money on those exchanges. We think that it’s because some “low cap” alt coins are only available on those exchanges.

Regarding the big players, we also have a lot of questions. Are they real companies? Are they regulated? Do they have plans to support FIAT? Do they have any bank account? Where are they based? Are their platforms really safe? Is there any insurance in case our money is stolen? Can we talk to someone in a live chat? Can we call them in case of emergency? And the list goes on. At the end of the day, it’s all related to security and transparency issues. It’s actually even worse for big players as they are the main target for hackers and thieves.

We could write a book about cryptocurrency exchange related problems, and the ones stated above are only a few among a very long list of things the market can do better. In the same time, we understand that running an exchange involves many challenges and risks. Aside security and transparency issues, we have also noticed issues related to user experience, such as lack of trading tools, insufficient language support, slow withdrawal processes, etc.

Cryptonity Solutions:

At Cryptonity, we aim at providing the most comprehensive, secure, transparent and collaborative exchange platform in the market.

One of the key aspect of our project is security. We want to provide to our users the most secure trading platform. To achieve that goal, we will work with the best known security experts in the market, be audited twice a year by independent security companies, and communicate our audit results to all of our users. Our security partners will be mentioned on our website. To go further in guaranteeing our users the safest trading experience, we will setup an insurance policy to refund our users in case of losses, due to an attack. You will find more details about our insurance policy below, in the Exchange Principles section.

The other very important aspect is the collaborative interaction with our users. It is more than natural for us to involve our users in the evolution of our platform. We will have various communication channels open to interact with our users and we will make sure to respond to our users’ requests as promptly as possible. We want our community to get involved in the evolution of the platform, in terms of features to be developed, coins to be listed, and so on. A “Feature Request” function will be implemented for users to submit the features they would like to see on the platform.

Last but not least, we will put all our efforts to provide our users with a comprehensive and ergonomic set of trading tools, including a large number of languages.