SORAIX - The Next Generation Digital Asset
The stock exchange platforms is the most important component of a stock market, which establishes a channel or environment where stockbrokers can buy and sell securities, such as shares of stock and bonds and other financial instruments.
The concept behind how the stock market activities are carried out is much like that of an auction house, which enables buyers and sellers to negotiate prices and make trades, which allows companies to raise money to grow it's businesses. Investors can then buy and sell these stocks among themselves and the exchange tracks the supply and demand of each listed stock.
Introduction Of Internet-Trading
Exceptional innovations in internet-trading has advanced traditional stock exchanges from their rustic processes, by promoting near-instant-trading, but despite the milestone development of Internet trading, it has grown to become a relic, dating back to the 17th Century.
By this, Soraix aims to bring forth further innovations in the system a little further..."
Crypto Technology.
This bears it's roots from cryptocurrency, which is a digital asset, designed to work as a medium of exchange that uses strong cryptography to control the creation of additional units, and verify the transfer of assets. Cryptocurrency applies decentralized control as opposed to centralized digital currency and central banking systems.
Crypto Technology is used for multiple purpose, such as securing transactions in the network, for controlling the generation of new currency units, and for verification of the transfer of digital assets and tokens.
The evolution of crypto technology possesses a wide gap, when compared to the public's understanding of what the system is about, as it continues to grow at an exponential rate, making it hard for the public to fully embrace tye technology.
A barrier that Soraix aims to also address via their platform...
WHAT IS SORAIX?
Soraix is a system backed by digital currency (SRX token) that is created to radically transform traditional stock exchanges by tokenizing the exchange of assets via block technology.
SORAIX MISSION
Our mission is to radically transform traditional stock exchanges by tokenizing the exchange of as sets via blockchain technology. In doing so, we are determined to shift public perception of digital assets in a positive direction, resulting in wider adaptation and stability in the industry.
Problems of Traditional Stock Exchanges and Soraix Solutions.
Innovations in virtually every industry are evident and ever present all around us. Nearly every industry faces constant transformation as a Innovations in virtually every industry are evident and ever present all around us. Nearly every industry faces constant transformation as a result of the increasingly rapid rate of change provided by new technology with the exception of one: the financial industry.
Despite having shifted from traditional paper ledgers to near-instant trading made possible via the
advent of the internet, it still remains at it’s heart, a relic of centuries passed.
1.) Stocks and Fiat Currencies
Traditional exchanges, at their core, continue to operate upon mechanics far too similar to those exhibited by trading protocols employed as far back as the 17th century. Soraix is determined to change this. As a significant portion of the financial industry is rooted in outdated models.
Consider fiat currencies, and
backed by little more than trust in a private entity who’s central function is to continue printing
(thereby debasing) the currency, ensuring each and every new note printed effectively transfers value from those holding it, to those printing it.
2.) Crypto Currencies
Blockchain technology provides as much
promise to solve many challenges facing us today, as the first electrical current flowing through Edison’s light bulb did in the late 19th century.
As you read this, blockchain technology remains in it’s infancy. There is little
doubt that blockchain technology, applied to traditional stock and asset trading, has genuine potential to render the centuries-old stock market methodology obsolete.
The longer a system has been in place, the closer it is to becoming obsolete
3.) After Hours Access to Stock Market
Traditional stock markets are highly restricted by operating only during business hours, and in the local time zone of the market in question. A trader, owning shares of a major public company, wishing to respond to market events in real-time must wait until the market re-opens, by which time the
opportunity to capitalize on events in question may have passed.
4.) General Public & Blockchain Technology
The rapid evolution of crypto related technology, greatly outpaces the ability of most people to understand this new marvel. The greater the gap, the less likely it is the public will fully embrace the technology. This is the primary barrier to wider adaptation facing blockchain technology- one that Soraix aims to address via our platform.
5.) Transaction Speed
As adaptation of blockchain and crypto currencies continues to grow, some elements of the infrastructure are beginning to show cracks: namely, the speed with which transactions are registered on
the blockchain. However, as the number of users and BTC transactions increases, and the blockchain upon which
these transactions are recorded swells, the speed of the network has begun to decrease at a
notable rate.
BENEFITS OF TRADING WITH SORAIX
1.) Trade With Those You Trust
At Soraix, it is believed that offering viewers maximum protection and transparency, is the best approach to building a sustainable, long term relationship with it's customers.
Soraix is headquartered in Zug, Switzerland, ensuring it's users the greatest legal and technical
protection of their rights and assets. Regulations in Switzerland are clear, expansive, and in many
regards favor the consumer.
2.) Significant Reductions In The Cost Of Raising Capital
By shifting the issuance of traditional company shares, onto the blockchain (known as Equity Tokens),
Soraix will render companies of virtually any size capable of issuing their own digital Equity Tokens,
available for purchase by investors on it's platform. Soraix is determined to enable companies of all sizes to thrive.
3.) Rendering After Hours Trading Obsolete
One week consists of 168 hours. To traditional traders, the New York Stock Exchange is open for trades for just 32.5 of those hours (Mon ~ Fri, 9:30 a.m until 4 pm). This translates to a little over
80% of the time, the NYSE being off limits to traditional traders. The world does not stop spinning,
when the NYSE rings the closing bell (contrary to what some may believe). By relegating traditional shares onto the blockchain into equity tokens, one of the greatest handicaps facing traditional stock exchanges will become a relic of the past. Any investor, holding stock of a company issued on a traditional stock exchange, is restricted to wait until a market is open, in order to respond to global events that may have impacted the share value dramatically. In asset trading, fortunes can be lost in seconds. Timing is everything in markets. At Soraix, a trader holding equity tokens of any company traded on our exchange, will never see the dreaded words “Market Closed”.
Together, we aim to render the concept of a “Closed Market” obsolete. Trading of all assets on Soraix exchange will be available 24/7, providing a true open and transparent market.
Features Of Soraix Platform
1.) Soraix will migrate all forms of traditional trading (stocks, futures, derivatives, commodities, etc.) onto its
blockchain. In short: ‘tokenize’ virtually any trade-able asset.
2.) Crypto currencies, fiat, equity tokens, and other digital assets will be exchangeable against each other on
the Soraix exchange.
3.) Instant Trades (“Open Trades” will offer the option of one-click instant-trades, if a user no longer wishes to wait for the desired target price to be reached).
3.) Lerage will be available to our traders.
4.) Soraix users will have the option to store assets on secure Soraix wallets, or transfer them to their own private wallets at any time.
5.) Our platform will support a wide range of fiat and crypto currencies both in form of deposit and
withdrawal.
6.) Securitization of digital assets.
Overall, the Soraix Platform aims to innovate the system of payment of traditional stock exchange, making it available 24/7, and more convenient, faster, safer, and secure, than existing Traditional staock exchanges. Creating a more comprehensive, safer, and secure, innovated stock exchange, more efficient platform for it's trader's.
In conclusion, it's time to take advantage of the diversified transactionary benefits, and multiple payment features and infrastructures the Soraix platform envisions itself providing the crypto community. It would be an opportunity lose to miss out on being amongst the early investors and crypto users whom would benefit from thia evolution of the stock exchange.
For more information on Soraix, kindly visit;
Official website: www.soraix.com
White paper: https://soraix.com/static/whitepaper.pdf
Twitter: https://twitter.com/Soraix3
Telegram: https://t.me/soraixico
Reddit: https://www.reddit.com/user/Soraix
Facebook: https://www.facebook.com/soraixteam/
Writer's Information
Bitcointalk Username; Tej_owumi
Bitcointalk Profile Link; https://bitcointalk.org/index.php?action=profile;u=2221400