FTX FUND: SECURE DECETRALIZED EXCHANGE
INTRODUCTION
I am happy to live in this era and I really appreciate the efforts of people who have already done so much into contributing to improvements in technology; the benefits of which we are utilizing now and appreciate the technology itself, which allow us to present our ideas, and their transformation into a working product, many people think of cryptocurrency as a simple store of value, but there is much more to the idea. There are many benefits implied within a decentralized, trustful, immutable system of record-keeping and value transference political and financial leaders around the world are taking note, and you should as well. Cryptocurrency has now expanded to various genius ideas, providing opportunities to people to improve business ethicality, making the concept of the world as a global economy a truth, and much more.
Crypto exchange is a place where traders convert their crypto to another of their choice, but traders are faced with some problems in a centralized exchange.
For instance, traders always experience false matching orders and, it leads to loss of crypto, also traders need a middleman to execute their order before their transaction we are carried out.
Traders also faced with high withdrawal fees, and delay in the withdrawal of their funds in various crypto exchanges, and traders are not in control of their funds in centralized exchanges.
Because high risk surrounding centralized exchanges of been easily hacked, FTX Fund, has come up with an innovative idea under blockchain technology; this idea is known as a decentralized exchange. An exchange that will allow traders for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary, there are no false matching orders, traders are in control of their funds, and withdrawal is within some minutes.
WHAT IS FTX FUND?
FTX Fund is a blockchain platform operating under FTX Finance LTD, conceived with a mission to create a massive foundation in the blockchain industry. Therefore, the ultimate goal that FTX Fund wants to achieve is building an ecosystem that can be implemented according to the announced roadmap. FTX Finance LTD is a corporation operating in the field of Financial Operations Management. FTX Finance, established in the UK, was founded by a team with extensive experience in investment funds, financial technology, and global trade from the EU, US, and ASIA. FTX Fund focuses on sustainable ecosystems: Digital Real Estate Exchange, Decentralized Exchange, E-Commerce, Business Social Network, and International Payment Gateway. FTX Fund will be the bridge to operate innovative blockchain systems with diverse ecosystems. FTX Finance will soon publish necessary information on stock promotions to strategic investors of FTX Fund in the near future. We hope that it will be a leverage for members to increase investment value.
DECENTRALIZED EXCHANGE
Decentralized Exchange (also known as DEX) is an exchange market that does not rely on third-party services to preserve customers' money. Instead, transactions occur directly between users (peer-to-peer transactions) through an automatic process. This system is run by the issuance of intermediary tokens (crypto assets representing an individual fiat or cryptocurrency) or assets (possibly representing shares in a company, for example), or a decentralized multi-signature escrow system, among other solutions. This system contrasts with the centralized model. On DEXs, users who deposit their money and exchange issue an 'IOU' can be freely traded on the platform. When users request their withdrawals, these funds are converted back to the cryptocurrency they substitute and send to their owners. A decentralized exchange is just a quicker way for traders to find each other and enter into a smart contract. Anyone in any country can join. Not only that, but these platforms also allow global trading, and there is no need to use fiat currencies. DEXs do not need to comply with AML (Anti Money Laundering) laws and do not require the KYC (Know Your Customer) process. Having a crypto address is a way to register for DEX. The most obvious benefit of using a decentralized exchange over a centralized exchange is their "trustless" nature. You do not need to trust the security or honesty of exchange because the money is kept by yourself in your personal wallet, not by a third party.
Another advantage of the decentralized model is the privacy it brings. Users are not required to give away sensitive information to anyone unless the exchange method involves bank transfer. In that case, your identity is only disclosed to the seller or buyer dealing with you. On top of that, decentralized exchanges are safer against hackers because there is not a single weak point like in centralized exchanges. DEXs are also relatively unaffected by government regulations because there is no sole authority. Moreover, the hosting of decentralized exchanges is distributed across the related nodes - meaning there is no risk of server downtime. DEX also uses smart contracts to facilitate transactions on its peer-to-peer platform, which means that deals can benefit from the additional security layer due to the cryptographic nature inherent in blockchain technology. The majority of decentralized trading platforms are those that use ERC20 tokens, but FTX Fund is taking a step further and builds our exchange using the BEP-20 standard. We are running the next generation of DEX, which has better protection against the consequences of false orders and other user errors but also has many exciting features
FTXFUND TOKEN DISTRIBUTION
FTX FUND TEAM
Advisory Team: FTX Fund has leading experts, hand-selected from various fields. Our experts also worked as advisory boards for multinational companies in the areas of Venture capital funds, Mergers and Acquisitions, Technology Transfers, and Global Commerce. Operations Team: The members of the executive board have many years of experience in large-scale enterprises. We are in charge of International business, Derivative Transactions, Technology Finance, and International Communications Technical Team: We have a technical team skilled and specialized in financial technology, blockchain, and cryptocurrencies. Our services have passed rigorous auditing systems. Every day, our team strives to keep up with the latest technologies for our ecosystems. Marketing Team: FTX Fund is supported by a marketing team with extensive experience in global marketing. Our project will make its presence known in all parts of the world. That's how we add value to the community.
ROADMAP
For more information please follow FTXFUND on the following social media channels
https://ftxfund.com/
https://t.me/FTXFundGlobal
https://ftxfund.com/frontend/WPP.pdf?v=1
https://twitter.com/FTXfundofficial
https://www.facebook.com/FTXFund
Author: Doge11
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3111789