AN INTRODUCTION TO XCRYPT ECOSYSTEM

jamisky (42)in #xcrypt • 5 years ago (edited)

Hi, guys, I came across a blockchain project on the internet a couple of days back with a great concept to cryptocurrency exchanging. An idea different from and better than any current crypto ecosystem currently in use. The features incorporated into the platform cannot be match by any crypto related ecosystem such features include, The first of its kind Xcrypt ecosystem hybrid exchange (decentralized and centralized), a marketplace for securities, an ERC-721marketplace, an integrated debit card payment solution, a social platform on blockchain for the interactions between the users of Xcrypt platform in a transparent and secure manner. Some of the Major components of Xcrypt will be discussed below.

Xcrypt Hybrid Exchange

The main strong for Xcrypt ecosystem is its exchange platform. The importance of cryptocurrency exchanges to the global crypto community is great. What is the essence of a currency if it is not tradable. Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency or for fiat currency. Different exchanges have different modus operandi depending on the nature of the exchange, it is either like a stock exchange or a currency exchange at the airport, bank or local currency is exchanges such as bureau de change. Despite the importance of cryptocurrency exchanges to token holders, the current atmosphere of most cryptocurrency exchanges has been a major hindrance to the growth of cryptocurrency exchanges globally. One major issue is the lack of liquidity in the market because major holders of bitcoin, the cryptocurrency with over half of the total market capitalization are reluctant to trade their tokens thereby holding to a certain period to make a profit. This fluctuations in the market is a major problem as it affects the liquidity of the market. Another major issue is lack of security because centralized exchanges are prone to hack this is not a new phenomenon as major thefts and hacks issues has happened in recent times. Another pending issue is the lack of value-added services on the exchanges currently available in the market makes a trader being loyal to trade on a particular exchange a hard thing to find.

The concept behind Xcrypt hybrid exchange platform is to create a part centralized, part decentralized exchange platform that will provide the solution to the current cryptocurrency exchange platform by offering it’s users a trustless, real-time, high-throughput trading experience in conjunction with a blockchain based settlement. Unlike current exchange users of Xcrypt hybrid exchange can trade continuously without waiting for transactions to mine, they can also fill and cancel multiple orders at a time instantly without gas cost.

XCrypt ERC-721 MARKETPLACE

Due to the need to create an ecosystem system with a difference and a unique solution. The Xcrypt ecosystem integrates an ERC-721 marketplace into its ecosystem. Via the ERC-721 marketplace, Xcrypt aims to explore the multi-billion market of digital collectibles and gaming market by offering it’s users a secure and transparent payment solution using smart contracts when buying and selling collectibles on the marketplaces.

Another major important features of Xcrypt ERC-721 marketplace is the social interaction between avatars created by user-made possible by ERC-721 revolution. Users can interact using another avatar to share information with each other and other forms of interaction this will, in turn, increase the growth of the platform.

XCT TOKENS
The Xcrypt ecosystem is a tokenized ecosystem powered by its native XCT tokens. XCT token is built on Etherum blockchain according to the ERC-20 token standards. The XCT tokens will facilitate various transactions such as payment from credit card fees, purchase of prime memberships, for CEX/DEX fees and many other functions.

THE TEAM
crypt .jpeg