ICTE, the First Decentralized Cross-Blockchain Crypto Exchange Franchise
Since the last bull run, we have seen crypto exchanges pop up every month and in every major country in the world. Crypto trading volume shot through the roof and the exchange business became the most lucrative service in the crypto rush.
Innovators have been striving to build better exchange platforms that are more secure, more liquid, and provide a better experience to their users. Recently, we saw centralized exchanges grow, margin trading become popular, the rise of decentralized exchanges and the latest trend of IEOs or Initial Exchange Offerings.
Many of these platforms solve one or more challenges that this rapidly evolving revolutionary technology posed. The road ahead is not without challenges too. But, Interplanetary Crypto Token Exchange (ICTE) has created a unique platform and an ecosystem that is unparalleled in its capabilities and potential. What makes ICTE a key player is its grand vision of the creation of a federation of exchanges that are decentralized and cross-blockchain.
Let us look at what makes ICTE stand out:
A network of decentralized exchanges
ICTE is a network of decentralized exchanges with the capability of operating a crypto exchange franchise. Alpha exchanges are major exchanges that cater to a large region while smaller satellite exchanges act as franchisees to support their local regions to accept cryptocurrency. These exchanges run on a completely decentralized, high-performance blockchain that guarantees security, anonymity, and elimination of third parties.
Structure of exchanges
The ICTE network operates on a structure where an interested party can join the crypto exchange franchise, presenting their exchange to their local community. In the franchise, all exchanges can be hosted by different parties but do not rely on centralized authorities that lead to security risks. Running your own exchange on the network means you can start matching orders without the hassle of building anything from the ground up. So, you can concentrate on adopting cryptocurrency in your region, advertising yourself, and building your community, while ICTE helps you to globalize.
Ease of setup
ICTE provides a complete set up where an exchange can start facilitating trades, connect to ICTE’s decentralized system, join as a delegate of the PoS blockchain, get an exchange website, a crypto wallet, and applications for most popular devices. All the data for the setup process is stored on a private distributed file system and is readily available in a matter of minutes, not hours or days. Joining the ICTE network further distributes their data to make it even more infallible.
ICTE has worked hard to optimize each step of its technology and business model. From development, message size, network traffic, installation, market data services, file storage, the list goes on and on. Dedicating all this time to optimize their solution results in very low transaction costs. This also means that any cryptocurrency projects that partner with ICTE have room to adjust their fees to cover their costs using the ICTE Pricing Model.
ICTE’s values are all stem from the core belief that everyone should have control over their assets. The satellite exchanges that create ICTE’s franchise are what allow it to be made for the community and everyday usage. To support the community, they stay in between the market so that trades are competitively priced and people can prove it to be a fair exchange service. For exchange operators, they open-source the visual representation of each exchange so that owners can white-label them with their own branding, advertising, translations, and customizations.
As the industry matures, each region will need exchanges to cater to their trading needs. Starting a new exchange from scratch is like re-inventing the wheel. Instead, it will make more sense for players to host an ICTE exchange. And as more people join in, network effects will provide great value and a defensible competitive advantage to the ICTE network.