Coinolix ICO (CLX Token): Crypto Exchange With High Performance Trading?
Coinolix: The Crypto Exchange of the Future
Coinolix is developing a multifunctional crypto exchange that will combine an exchange platform with the blockchain. In this exchange, digital tokens pegged to one use dollar and backed by gold held by the Coinolix Exchange Limited.
In the current world, there are fiat-based exchanges and purely crypto-based exchanges. This exchange will be a pure crypto exchange. Coinamia Fiat Coin (USDC) will be the native coin for this exchange. The coin is a P2P coin that has a design derived from the PoS consensus algorithm.
Every USDC coin will be issued in circulation backed by a one to one ratio of US dollars. It can be redeemed or exchanged for the underlying asset following the terms of service by Coinolix. The coins can be transferred and spent in much the same way as other crypto.
Issues With The Current Set Up
Trade frameworks need to be designed starting from the early stages with effectiveness, speed, security, and adaptability as the focus. Various exchanges often pick the easiest way to get the framework running.
While this functions admirably at the start, as activity grows, the framework will not be able to deal with the increased activity. This usually hinders the development of the exchange.
Since the crypto business is still new, there is not much liquidity. Having an unsound order book will often lead to high slipped when trading. This can be quite costly for the traders.
Almost all crypto coins are immutable, and it is impossible to reverse a transaction. Crypto exchanges today refuse to take responsibility for the transactions. In recent months, various exchanges have been hacked with investors losing hundreds of millions of dollars.
There are various advancements, which exchanges could use to stop hacks. However, these technologies are costly. As a result, they are out of the reach of exchanges. Thus, if a programmer has enough knowledge, there is no exchange that he or she could not hack.
Poor Customer Service
For an exchange to succeed, it is important to understand the needs of users and fulfil them.
Crypto markets are borderless. However, most exchanges support one or two languages only. Besides that, they may support just a single dialect for every nation.
Banks are another issue that affects trading in exchanges. Most banks will take long to verify customers. In some cases, they will refuse or delay support for transactions from exchanges.
Coinolix Exchange Solution
The matching engine on this exchange can manage 1.2 million orders a second. A high number of trade requests will be countered using this extensible engine in just minutes. This matching engine can compare quite well with any other trading engine in the market today.
Coinolix ICO Details
- Ticker: CLX
- Token Supply: 10,000,000,000 CLX
- Number of tokens for sale: 500,000,000 CLX.
- Accepted: Ethereum, Bitcoin, Litecoin
- Pre-Sale: October 8 – November 7, 2018 (20% Bonus)
- CLX Pre-Sale Price: 0.20USD
- ICO: November 8 – December 13, 2018
- CLX ICO Price: 0.25USD
- CLX will be delivered within seven days after the crowdsale.