ITEX - The Innovating Trading Hybrid Exchange

vitalion (27)in #itex • 5 years ago

PREAMBLE

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Itex, a hybrid exchange that brings the best features of a private exchange besides those of a decentralized one, looking for a free and fair trading with a optimum and better manipulation control has arrived.

"The number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.

There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”

With that being said, Itex was born with a clear idea, which is achieving true decentralization with an optimal and better control of the existing manipulation on the market; for this reason ITEX is going to be an HYBRID Exchange , offering some of the benefits and technological advantages of the decentralized exchanges to generate high liquidity, security, customer protection and a good quality support.

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is ITEX?

As depicted above and as indicated on the official website of ITEX, Itex is a hybrid exchange that delivers the best features of a private exchange besides those of a decentralized, looking for free and fair trading with an optimum and much better manipulation controller.

Itex was born with an obvious concept, which is attaining accurate decentralization using the best and better hands of the present manipulation in the market; therefore we're planning to function as quite a HYBRID trade, giving some of the benefits and technological benefits of the decentralized trades to build higher liquidity, security, customer protection, and a fantastic high-quality support.

This project features a number of programs for distribution one of its users from the ecosystem and it'll be determined by the number of transactions carried out and also will probably also be distributed every two weeks in the system. During the first couple of years, almost five hundred thousand tokens will be distributed. Though it will encourage voting activities through the use of tokens, the tokens used in this situation will probably likely be burned which can definitely make the remaining values actual. It will not be problematic for other rising coins to become enrolled in trade so long as they've got an equilibrium of good social media and links with their own users on most social media marketing platforms. For safety reasons, there will be more conduction of this Know Your Client procedure to spot individual users and avert impersonation.

Electronic money trading platforms have proven to be the driving force of blurring these ongoing projects. Indeed, they facilitate the exchange and exchange of encrypted currencies without our chips being invalid. That means there is a reserve of money and no goods or services to exchange.

These electronic money trading platforms have two main forms: decentralized & centralized exchanges

Centralized Exchanges

On centralized exchanges, there is usually a regulatory body that manages the affairs of the entire ecosystem. They are often easy to use and users have easy access to advanced trading features.

Decentralized Exchanges

Decentralized exchange platforms without central decision makers. This type of exchange represents the true purpose of blockchain technology, "decentralization". Participants are fully secure their money and high level of data security is a major benefit.

In short, each type of trading floor has its own disadvantages. This has forced traders to choose the disadvantages that they are willing to face. I want you to spend some time imagining how an exchange platform that combines the best features of centralized and decentralized exchanges will be valuable to the pre-electronic ecosystem gener

Funding Program

Through the ITEX app, the team will promote initiatives who have great utility and also don't need the crucial method to produce themselves understood by implementing a residential area voting method.

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The Itex Attributes

Easy and friendly structure

Multiple Levels of security

Swift and low-cost residue and withdrawals

Currency laundering control

Back up in chilly pockets

Free entry to swap history and data

Leverage and Societal trading Platform We will have a futures market place to function short and long term from the 2500 / BTC pair up to 50x as well as in certain Altcoins up to 10x. Along with the, we will have a distinctive pairing system: when a fresh user decides to link their profile into somebody more successful they will be able to replicate their same operations without any issues, thus obtaining equal results.

Token and ICO Details

The token will have a supply of 1,000,000,000 tokens