sugar exchange

Sugar Exchange is a cryptocurrency trading platform that aims to provide a simpler trading experience. Find out how it works today in our review.

What is Sugar Exchange?

Sugar Exchange is a cryptocurrency exchange that aims to compete with major players like Coinbase, Poloniex, and Bittrex. The developers of Sugar Exchange believe these exchanges have a major flaw: they lack security. Today, users rarely store large amounts of cryptocurrency on these exchanges because of a perceived lack of security. However, users with multiple coins then need to manage an overwhelming number of wallets.

Sugar Exchange aims to solve this problem by emphasizing better security. Sugar Exchange is deployed in the Azure Cloud environment, for example, and uses Azure XQL with database encryption.

The Sugar Exchange ecosystem includes a simple UI, cryptocurrency tokens, and a wallet.

Let’s take a closer look at how Sugar Exchange works.

How Does Sugar Exchange Work?

Sugar Exchange claims to be “one of the only exchanges” where users are allowed to customize their experience. Traders can choose from three general settings, including Basic, Advanced, or Expert. Here’s how each setting breaks down:

Basic:

The Basic investor interface will convert all visible cryptocurrency values into USD, EUR, or CNY. Additionally, users who use the Basic investor interface will be able to exchange cryptocurrency without needing to type in a bid or ask. This will make it easier to make trades and easier to track portfolio growth over time.

Intermediate:

The Intermediate investor interface will be similar to traditional exchanges. Users will be able to place bids and asks themselves. They’ll also be able to see current exchange rates.

Advanced:

The Advanced investor interface will allow experienced investors to “take their trading to the next level” using real-time trend tracking across different marketplaces. These trends will be processed with predictive analysis through the Sugar Exchange platform. Sugar Exchange will also offer APIs for users who want to record raw data for their own use. In this mode, users can plug in their own AI algorithms to selectively allocate and transfer funds between different cryptocurrencies.

All types of investors will have access to “smart tokens” called SGR. These tokens will give users the authority to trade for themselves. “They will be similar to a trading bot mechanism but simplified,” explains the official website. The main point of these tokens is that you can use them to reduce your trading fees.

Sugar Exchange will also have an accounting system, automated trading preferences, a crypto venture exchange, and other features.

There are also pre-built investment portfolios available for purchase through the Sugar Exchange platform. Those portfolios include pre-built funds for insurance, “payments”, healthcare, fintech, and cryptocurrencies.

The Sugar Exchange Token Sale

Sugar tokens, or SGRs, can be used to pay trading fees on the platform. They’ll also give users a discount over paying with BTC or ETH.

There’s a total supply of 80 million SGR tokens. Instead of selling SGR tokens through a sale, however, the company has chosen to airdrop tokens.

Of the total supply, just 9% (6.75 million) will be allocated to the airdrop. The remaining tokens are allocated for development (31%), the team (25%), the founders (25%), and marketing and exchanges (10%).

Who’s Behind Sugar Exchange?

Sugar Exchange doesn’t provide any team information on the official website or in the whitepaper. The only way to contact the company is through the online form at SugarExchange.io or by email at [email protected]

Sugar Exchange Conclusion

Sugar Exchange is a cryptocurrency exchange that revolves around the use of Sugar tokens, or SGR. SGR tokens can be used to pay trading fees on the platform.

The exchange seeks to differentiate itself from the competition by allowing users to choose one of three different investment options, including beginner, intermediate, or advanced. Depending on which option you choose, the Sugar Exchange will have a different interface.

Ultimately, there are a number of red flags about Sugar Exchange. There’s no team information listed online, for example, and the website and whitepaper are extremely vague about the technical details of the platform. We don’t know what types of fees will be charged, nor do we have any proof the platform is in development.

You may want to wait for more information about Sugar Exchange to appear online before you invest.

TOP GUIDE ON HOW TO BUY BITCOIN TODAY

Enter Your Email To Receive Weekly Cryptocurrency Coin Reviews, News & Investing Insights

I will never give away, trade or sell your email address. You can unsubscribe at any time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

two × 4 =