The rapid development of technology is affecting every aspect of our lives. This development has spread to all fields of finance, e-commerce, education, and art by the influence of globalization and above all bringing about the invention of the blockchain technology. The possibilities of the Blockchain are enormous and it seems that almost any industry that deals with some sort of transaction, security and transparency which would mean any industry, can and will be disrupted by the Blockchain technology.
Blockchain has many valuable characteristics such as decentralized, immutable, irrevocable and transparent. These characteristics help Blockchain become a very reliable means of recording data which can replace traditional methods of recording data and bring radical changes to many industries. Banking is only the beginning, there are more than 40 big industries that Blockchain could transform including: industrial IOT, cloud storage, cloud computing, digital copyrights, insurance, real estate, healthcare, supply chain management, and More than that, Blockchain provides a new way of managing trust and can make organisations more transparent, decentralised, efficient and secure.
One of the platform adopting the enormous advantages of the blockchain technology is the CRYPTONITY EXCHANGE. The platform emerges to provide a secure cryptocurrency exchange for the blockchain community as virtually all the available cryptocurrency exchanges has been insufficient so far. These various problems that plagues the cryptocurrency exchange platforms are really a setback to the development, improvement as well mass adoption of the blockchain technology and the cryptocurrency market at large.
A cryptocurrency exchange is a blockchain based platform which serves as marketplace where crypto traders and investors can buy/sell their various cryptocurrency assets. Most of The cryptocurrency exchanges are centralized in a sense that they are completely owned by the single authority and operated and maintained at a single place and hence become an easier target for the hackers, The best example for the centralized failure of a cryptocurrency exchange was Mt. Goxwhere almost 650,000 Bitcoins were stolen and resulted in the largest cryptocurrency hack of all time which also later file for bankruptcy.
the centralized nature of most exchanges are against the decentralized concept on which the blockchain is been built upon, the perception is the reason behind the decentralized cryptocurrency exchanges. However, most of the available decentralized ones give users the democratized ecosystem to exchange their asset but they have also been insufficient in the aspect of securing the funds of the traders, high transaction charges, low speed of transaction and lack of liquidity and many more problems.
Cryptonity is a secure cryptocurrency exchange which is created to provide the most comprehensive, secure, transparent and collaborative exchange platform in the market. The platform been built Simple but strong and meaningful, the platform is aimed to be an exchange that is respected by the Cryptocurrency Community. The brain behind the creation of cryptonity is providing the most comprehensive, secure, transparent and collaborative exchange platform in the market with the aim of bringing innovative solutions to cryptocurrency market as well as breaking the ‘only profit’ policy of the most available exchanges.
The architecture, policy, and processes of CRYPTONITY platform ensure data and system security via strict compliance with financial level standards. The platform facilitates the security of standalone and/or network computer system/sewers from events and processes that can exploit or violate its security or architecture by using a standard level data encryption.
The vision of the CRYPTONITY EXCHANGE is to raise the standard of expectation across the cryptocurrency community and to deliver a world class experience with an exceptionally powerful trading engine, active platform development and a customizable interface. The platform emerges to tackle the various issues that span the industry and the platform is dedicated to the user base.
UNIQUE FEATURE OF THE CRYPTONITY EXCHANGE.
High-performance ergonomic tools for trading
Low commissions for users with Cryotinity Token (XNY)
Security and insurance programs
Opportunity to work with security experts and to be audited bi-annually
User engagement in relation to developing platforms
Responsive and multi-lingual customer support service
THE CRYPTONITY TOKEN SYSTEM
The Cryptonity Token (XNY) will run on the Ethereum blockchain. However, the team is planning to develop its own blockchain after finalizing the token sale. 100 million tokens will be released to the market. The number is fixed which is to say that the company will neither repurchase nor increase the number of tokens.
The utility token will grant users a 50% discount in exchange fees for their lifetime in the exchange. It will allow the users to participate in community activities such as voting for the ‘coin of the month’
Token type: ERC20
Hard Cap: 20 120 000 USD
Soft Cap: 500 000 USD
Price: Varies depending on the sale
Start Date and End Date: January 1st, 2018 to December 31st, 2018
THE TEAM MEMBERS
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USERNAME : ETSU