CHANGENOW: THE ONLY DECENTRALIZED EXCHANGE WITH NO BOUNDARIES

praizepraise (28)in #ico • 6 years ago

REVIEW OF CRYPTOCURRENCY EXCHANGES

Cryptocurrency exchange, Crypto exchange or digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies. Contrary to the use of the words centralized and decentralized. At present more than 99% of cryptocurrency transaction volume is through centralized exchanges. There are a number of variables that exist on a spectrum from complete centralization to complete decentralization.

CENTRALIZED EXCHANGE: A centralized exchange is a platform or app that allows investors and traders to buy or sell cryptocurrencies using fiat or other cryptocurrencies. It is a marketplace for tokens and many of the centralized exchanges allow new entrants / non-crypto holders to buy crypto using currency such as USD, EUR. 73% of centralized exchanges takes custody of users funds of late.

LIMITATIONS OF CENTRALIZED EXCHANGES

• Loss of funds such as an exchange hacks, financial mismanagement of the exchange operators that results in bankruptcy, operational errors by employees, and unexpected account closures or freezes, are some of the challenges that crypto traders have had to deal with on centralized exchanges.

• There are long wait times, security risks and time consuming verification requirements as well as high barriers to entry for a large proportion of potential users, especially novices.

DECENTRALIZED EXCHANGE: A decentralized cryptocurrency exchange, also known as a DEX, is a trading platform that does not hold investor funds. Instead, digital asset trades occur directly between the two transacting parties on a peer-to-peer basis and are settled on the blockchain. There are four dimensions of decentralized exchanges: P2P trading, Dark pools, Open protocols for DEX, and Exchanges.

Yes, decentralized solutions to exchanges are arguably better than their centralized counterparts, but decentralized exchanges still aren’t good enough when the best solutions like CHANGENOW is already out there.

LIMITATIONS OF DECENTRALIZED EXCHANGES

• Firstly, the majority of decentralized exchanges today are difficult to use. Having to trade using smart contracts can even be challenging for tech-savvy investors , let alone for beginners.

• Secondly, decentralized exchanges currently come with limited features. For the most part, decentralized exchanges only offer conversion from one digital token to another. Margin trading, stop-loss limits, and other useful functions are not available on today’s DEXs.

• Thirdly, liquidity on decentralized exchanges is still much lower than on their centralized counterparts, which is perhaps the biggest deterrent for large investors to start trading on a DEX.

For all the talk of decentralized exchanges changing the way coins and tokens are traded, no solution has yet to overcome the problems plaguing the idea. As a result, the final solution to the limitations of both centralized and decentralized exchanges is CHANGENOW DECENTRALIZED EXCHANGE

ABOUT CHANGENOW EXCHANGE

ChangeNow exchange is a decentralized exchange platform built for fast and limitless coin transactions, This exchange made history in the cryptocurrency sphere as the only decentralized exchange that supports over one hundred and fifty coins. There is no maximum number of coin swaps that can be transacted on this platform because ChangeNow is a Limitless exchange. Transactions take less than 15 minutes to be filled.

ChangeNow Decentralized Infrastructure supports the use of Visa and MasterCard on the platform to enable users buy cryptocurrency fast and easy. ChangeNow created it’s own coin which can be used to cover fees while trading on the platform. ChangeNow is currently in partnership with about ten other trading platforms and exchange partners to guarantee the best rates to it’s users.

CHANGENOW SOLUTIONS TO EXCHANGE LIMITATIONS

Privacy for Users: ChangeNow exchange operates as a decentralized platform whereby users will be in control of their private keys and assets. This exchange is one that does not require the personal details of it’s users to be submited before transaction can be initiated.
Maximum Security: The platform provides standard security of funds and private keys of traders transacting on the platform.
ChangeNow will also extinguish the chances of human error by engaging the best technologies of decentralized world. (blockchain)
No Hidden Fees: This exchange platform has no inflated or concealed charges. ChangeNOW promises to take needed measures to be as transparent in its operations and implementation details as possible.
NO Poor Customer Service: ChangeNow exchange has a 24/7 responsive customer service team that always attends and provide solutoons to inquiries and complaints reported by users in a timely manner.

CHANGENOW TOKEN (NOW)

Screenshot_20180803-132835_1533299493314_1533300242028.png

ChangeNow token is also called NOW Token, This token is currently an Ethereum based ERC20 utility cryptocurrency which will be deployed as a tradable digital asset against many other cryptocurrencies on Cryptocurrency exchanges globally.The company will ensure NOW is moved to the EOS Blockchain after the launch on its mainnet, a projected ratio of 1:1 will be made available to EOS token holders which will be carried out with the help of the ChangeNow Platform through a ERC20 tokens to EOS-based tokens swap architecture.

NOW Token is the first token made by instant exchange platform in the history of crypto so far. NOW Token will serve as an internal currency on ChangeNow platform which will be the essential way to list new coins and tokens on the platform.

TOKEN DETAILS

Symbol: NOW
Full Name: ChangeNow Token
Type: ERC20
Total Supply: 200,000,000.00 NOW ( $40,000,000 USD)
Decimals: 8
Contract Address: 0xE9A95d175a5f4C9369f3b74222402eB1b837693b
Price : 1 NOW = $0.2 USD

TOKEN DISTRIBUTION
Screenshot_20180803-132843_1533299464723_1533300257506.png

NOW TOKEN ALLOCATION

THE TEAM

Roman Lapin , CEO, has 12+ years of development experience on the edge with management skills. He has built 2 development companies from scratch. Has more than two years in experience in blockchain and cryptocurrencies. His background allows him to improve ChangeNOW service daily while building the most handy exchange interface ever.

Sergey Sokratilin , Product Manager. Having a degree in physics, Sergey has some brilliant skills in product management. This outstanding mix allows Sergey to improve ChangeNOW on a daily basis. The team calls him simply Socrates.

Peter Sergeev , Lead Developer, is a blockchain enthusiast, he has experience in software development for 10+ years using the variety of languages and technologies such as Ruby on Rails, Elixir and NodeJs. His Blockchain experience is: building Block Explorers, working with RPC protocols of multiple currencies, working multiple exchanges API and markets data (cryptocompare, coinmarketcap etc.).

Denis Kulikov , Full Stack Developer, with 3+ years of experience in the blockchain industry. His Blockchain experience is: building Block Explorers, working with RPC protocols of multiple currencies, built web light wallet, working multiple exchanges API and markets data (cryptocompare, coinmarketcap etc.). He is also keen of photography, which allows him to approach the daily tasks with a creative twist.

Conclusively, ChangeNow is an online decentralized exchange platform that is designed to be safe, simple and convenient for the end users.