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, Ripaex is Crypto asset marketplace built in an ARK blockchain technology has arrived.
Now that I have your attention, let’s get right to it.
What exactly is RIPAEX?
Ripaex is Crypto asset marketplace built in an ARK blockchain technology. Ripa Exchange is a hybrid-decentralized exchange with main focus with lowering entry level for opening new exchanges and offering crypto-traders secure trading partners operating daily. Peatio, an open source code is used built Ripa Exchange and courtesy to (Ripa liquidity Service Provider) which is similar to normal service providers enables each exchange in RIPA network share similar orderbook thus providing liquidity to the exchange managers to offer to their end users from first day.
Furthermore, RipaEx is a Crypto Asset Marketplace that will host several cryptocurrencies exchanges, the main focus of the project is to provide resources and technologies to allow the opening of new exchanges at a more affordable cost, through an Open Source Exchange platform totally free, efficient, reliable and will also have shared orderbook with all other exchanges of the network making even the new exchanges have liquidity since its first day of operation.
The central goal is to assemble the world best open source crypto resource commercial center with an elite exchanging motor and security which can be trusted and appreciated by clients. Withal we require to move the digital mazuma trade innovation forward by offering avail and include incipient highlights. We are availing individuals to construct simple their possess trade the world over."
The RipaEx Network Solutions
The RipaEx system will offer finish answers for emboldening the aperture of incipient crypto trades. This will enable them to make a solid and prosperous system of decentralized trades cooperating in a consummately secure framework through blockchain innovation. The principle objective of the task is to bring down the boundaries by enabling the trades to center around what authentically is consequential.
This implicatively insinuates it will never again be consequential to stress or invest energy and cash building up a stage or even have a high mazuma to give liquidity since that is precisely what RipaEx proposes to convey to the incipient trades, expanding the potential outcomes for them can utilize their business.
The Key features of the RIPAEX project
Ripa Exchange is and will always be free for exchange managers: you will only have to pay for the server, network security operations, call center operators and other resources needed to start the exchange and provide paid support to your customers.
You can make all the necessary customizations in the source code, as the entire source base is released under the MIT license. This is a great opportunity to run your local exchanger - this method of earning today is the most effective and popular.
Security is much better than in existing centralized banks
The AES256 encryption keys and the entire swapping design are built with a focus on security. Ruby on Rails is known to be a secure development environment for developers, but we decided to re-modulate the original Peatio database to completely separate the client registry from the trading engine, so no end-user data will be compromised if an attacker can effectively overcome the first level of security. There are international standards for AML / KYC to ensure compliance with any exchanger of your country to which you want to integrate your project.
Ripa liquidity service provider
RLSP is designed to enable you to offer your customers liquidity from the first day of your swaps: your new Ripa Exchange instance will interact with the RIPA * blockchain to get the liquidity available in the exchange network. Exchange a, which opens an order, will receive 0.10% as a transaction fee.
Peatio is a custom architecture for cryptocurrency exchange solution, allowing easy connection to KYC/ AML, authentication, ETL / reporting and other services;
Verification of KYC
Peatio is effective KYC and exchange KYC information to meet the standards of banking supervision and comply with the requirements for Due Diligence (CDD);
Transparent and customizable
Peatio is a true open source technology that provides reliability, transparency, flexibility and the ability to customize all new blockchain-based projects;
Peatio supports a wide range of common languages and improves the usability of the decentralized platform worldwide. The developers are going to do everything necessary to provide their customers with the opportunity to establish mutually beneficial cooperation;
Proof of solvency
Peatio Proof of Solvency (PoS) allows users to verify the solvency of a Peatio-based cryptocurrency exchange without compromising privacy. This is a real guarantee of protection against fraudulent schemes used in the modern world;
Peatio allows you to create multiple accounts and trade in different currencies. Peatio makes it easy to trade different currencies. You no longer have to spend time looking for different services - all manipulations with the cryptocurrency can be performed within a decentralized platform;
Peatio enterprise exchange capabilities include a high-performance compliance mechanism, scalable distributed workflows, and two-factor SMS authentication;
Functionality and intuitiveness
The most simple, convenient interface for registration and login.
Individual Deposit and withdrawal procedure and built-in audit of solvency verification.
Ripa Exchange trading console
The Ripa Exchange trading console is a fully responsive trading interface, built with a flexible design that gives you a great opportunity to save time and money, allowing your customers to conveniently access your content on any device.
Ripa Exchange specializes in developing beautiful interfaces for content, while balancing your application so that it is consistent as the viewing area increases.
Ripa Liquidity Service Provider (RLSP)
The platform will share liquidity through the Ripa Liquidity Service Provider (RLSP) functionality that will create a unified orderbook connecting all the exchanges in the RIPA network guaranteeing high liquidity. This functionality combined with two other innovative Smart Bridge and ACES technologies will be able to make the Ripa exchanges perform cross-chain operations, that is, distinct blockchains will be able to exchange information.
Smart Bridge is a native feature that runs in the core of ARK and for cross-chain operations to be possible, both blockchains need to make a hardfork and add the code to make them compatible with the technology, and Blockchain ARK acts as an intermediary (Listener). Just like ARK, RIPA also has embedded code in its core.
ACES (Ark Contract Execution Services) is what will allow the universalization of Smart Bridge technology because it does not require blockchains to have an embedded code. ACES is an Encoded Listener Node that behaves like a hub using the Smart Bridge to connect two distinct blockchains to a real interoperability.
These technologies are key to making the negotiations fully decentralized and enabling them to realize the benefits of centralized exchange. There will be no more barrier between different blockchains, this opens a new path for crypto coins to fulfill the real purpose for which they were created: security and decentralization.
TOKEN SALE AND ICO DETAILS
XPX is the RIPA token being sold at ICO. The token will postulate a key part in financing the task and adscititiously being the official cash for installment of administrations inside the system, for example, posting cryptographic forms of mazuma, advancing incipient activities, sharing liquidity between organize trades notwithstanding installments at RipaEx Store.
ICO is in the RIPA TEC stage that commenced in July and goes through December 2018, this stage was subdivided into little times of rebates on the token buy, over the long haul the rebates are likewise diminishing. There are rewards being offered inside those eras in integration to another reward substantial until the finish of the ICO of € 1000.00 in exchanging expenses when the trade is live (legitimate for buys of at any rate € 100.00 in XPX tokens).
Token Name: XPX
Supply: 115 Million XPX
Tokens for Sale: 74,750,000 XPX
Pre-sale: April to June 2018
RIPA TEC: July to December 2018
2017 — idea conception, analysis
2018 — genesis block creation, private sale, RIPA TEC
2019 — Ripa Exchange Opening, FIAT <-> CRYPTO operations, RLSP analysis, RIPA VM
CENTRALIZED crypto asset marketplace based on Peatio: everybody can download the code and install in their servers. Ripa Exchanges in the Ripa network won’t talk to each other in this phase.
Ripa Liquidity Service Provider technical analysis, implementation, deployment
2020 — Hybrid-decentralized exchange
RLSP provider: Ripa Exchanges in the Ripa network will talk to each other with RLSP
2021(Q2) — Fully decentralized
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.