EXTOKE: A NO FEE TRADING PLATFORM BUILT ON THE BLOCKCHAIN TECHNOLOGY

cryptoboss12 (40)in #dex • 6 years ago

With the invention of blockchain came the centralized exchange system where all funds are kept in the administrative wallet. This method seemed like a good thing since it is related to the normal banking system, until it started getting hacked and thousands of dollars’ worth cryptocurrencies were stolen. An example of such instance is what happened to DAO in June 2017, when the company was robbed of about $50 million worth Ethereum. This event made blockchain to lose its credibility at one point in the eyes of investors and people interested in using it.

This further led to the invention of decentralized exchange system where the funds are not kept in a centralized place but are shared across the user’s wallets and thus reduces the problem of hacking which makes this method a brilliant one.

However, as brilliant as the decentralized exchange is, it has faults that makes using it quite challenging for some people. The challenges faced by users on Decentralized exchanges ranges from the complexities of the exchange trading platform to ridiculous high fees charged for each transaction. Most of these exchanges lacks customer support system to put users through, whenever they have a problem or the other etc.

And this is why Extoke was created to battle this issue and increase the credibility of blockchain.

What is EXTOKE?

This is a decentralized Ethereum exchange platform that does not charge any fee or commission for the buying and selling of cryptocurrencies. It was created with the goal of solving most issues pertaining to both centralized and decentralized exchanges with no cost or charges involved.

The Working structure of EXTOKE

Using a decentralized system, security is guaranteed with the use of smart contracts created by this platform, which carries out transactions speedily and at no cost.

The funds of the users are not kept in a centralized location like in the case of banks, but are rather decentralized into the users own wallet which is very secure and reduces greatly the risk of hacks.

The use of XTO token to boost the economy of the platform with about 50% of it distributed during token sale and at much reduced price.

How can users benefit from the EXTOKE Exchange?

📌The most important reason why it is of immense benefit to traders is because it is free of fees i.e. no fees required to be paid when running several transactions unlike the other blockchain e.g.cointal that mostly require a minimum of about 0.2% fees on the profits made by the users.

📌It also benefits traders greatly as they can exchange as much token as they want, as the fear of losing profits due to payment of fees will be reduced and trading gets better for them.

📌The presence of a well put together support service system that works 24/7 to attend to the needs of the users and supervise their transactions in other to make the using of the platform seamless.

📌It benefits both developers and investors as the developers will have a wide array of network to market their projects and investors who are interested will be able to gain the access needed while earning profits with no fees to pay.

Token details

Token Ticker: XTO
Token Platform: Ethereum
Token Type: ERC20
Discounted Exchange Rate: 0.000001 ETH = 1 XTO
Standard Exchange Rate: 0.0001 ETH = 1 XTO
MVP/Prototype: Available

Tokensale Information

ICO timeframe: 2018-06-27 - 2018-07-21
Total supply: 1,000,000,000 XTO
Token Sale Supply: 500,000,000 XTO
Hard Cap: 500 ETH
Soft cap: 50 ETH
Originating country: Australia
Accepted currency: ETH

Contract Address: 0x28925299ee1edd8fd68316eaa64b651456694f0f

Extoke is a platform that is really selfless and is concerned with the increasing the profits of the users while ensuring the safety of each transaction and this is because it uses a decentralized platform that is fast, secure and charges no fee for transactional process. This kind of innovation will cause a revolution in all cryptocurrency exchanges. This is due to the fact that there has been no decentralized exchange that charges no fees.

The pre existing exchanges all claim to have a low fee structure, and users troop there to trade nonetheless. So imagine what will happen when the Extoke Exchange fully integrates into the cryptocurrency community. Everyone will want to trade on it.
Asides from its low fees, it also has edge cutting technologies in place to ensure a smoooth and stress free user trading experience. This will encourage everyone, including new users with no professional trading knowledge, to trade on the platform.

I see the Extoke Exchange taking over. The project is already making a headway on the path of success. The Softcap has been surpassed, and the hardcap will be reached any moment from now. The team and advisors are great as well. The combination of all these, will propel the exchange into the future.

TEAM INFORMATION

Extoke development roadmap

A well outlined roadmap is necessary to help streamline the activities of the team. And keep the investors well updated about the progress made by the team at every point in time.