Welcome my dear readers.And here came the long-awaited vacation and now I'm ready to introduce you to interesting projects.To do this, I will publish the most promising projects in my opinion. And you read, think and make decisions for yourself. The most unpleasant pitfall that we can face using the services of cryptocurrency exchanges is the so - called fictitious trading. The essence of it is that the user places orders that look like a normal trade in coins, but the trick is that the purchase and sale is carried out within a single user: this user registers several accounts on the exchange and sells coins to himself, driving them from account to account. It looks like a normal shift of money from one pocket to another.
What is the meaning of this "trade"? But what-it's a way to influence the currency. Everyone knows that when you buy a lot of coins of a particular crypt - its rate increases, and when a lot is sold - falls. If you put up a large stack to buy or sell, you can change the cryptocurrency rate in such a way as it is beneficial to a large stack holder. And since he sells the coin itself is in fact nothing to lose except the meager fees of the exchange, which will be compensated due to the advantageous exchange rate. In addition, in this way you can start a chain reaction: after seeing the decline, inexperienced beginners-panickers begin to massively sell their stocks of this coin, so that, as they think, have time to save what else you can. This leads to a catastrophic collapse of the course and it is beneficial for the major players who buy the coin for a song and then sell it at a normal price after the market stabilizes the situation. similar manipulations in the environment of cryptanalytical called "haircut hamsters", under the hamsters just refers to the very inexperienced newcomers to the alarmists. The laws of most civilized countries give a clear legal assessment of such actions in the market - it is an economic crime. But despite this, the owners and founders of many exchanges do not prevent such market manipulation. Moreover, some of them even encourage such types of "earnings". These manipulations with the cryptocurrency rate do not allow it to gain its real value, so that it can be worked with as a Fiat asset or a means of payment. People are simply afraid to invest the money earned through hard work in something that can be worth twice in one night, because someone wanted to buy a coin for a song.
If you ask a question to a person who does not use cryptocurrency, why he does not use it - the answers will be approximately the same:
Liquidity problem. There is no certainty whether tomorrow it will be possible to exchange a particular coin for Fiat or buy the right product or service for it
The problem of market stability. At any time, the exchange rate of the coin may decrease or even fall to almost zero.
The complexity of the in using. To date, most tools for working with the crypt are intuitively incomprehensible to an ordinary user and require certain knowledge and skills.
Decision:
To solve the problem of destabilization of the cryptocurrency market with the purpose of manipulating them, we will help KuBitX.
This is a new trading platform, the business model of which will be based on the ideology of protecting the market from "dirty" manipulations by speculators. In addition, the platform will provide its convenient and understandable even for the "kettle" service. The level of security will also be high, so that users do not worry about the safety of their funds.
Money loves stability and stretches where it is. When people are sure that any of their coins can be quickly, conveniently and without losses exchanged for Fiat at any time - they will be drawn to the world of crypts and will be interested to use it as a means of payment and/or a tool for saving and saving money.
KuBitX is an exchange that is created from scratch, so as not to step on the same rake, which has already come predecessors. The first such rake is safety. There have been many cases when exchanges were hacked and users ' money stored on the exchange was stolen. Despite the fact that the KuBitX security system itself is designed at a very high level, however, an additional "airbag" was developed, which would allow users not to worry about the safety of their funds. This " safety cushion "is the so-called" cold " hardware wallet, which will save the bulk of the money depositors. A cold wallet is a wallet that is not on the network, but on a computer that is not connected to the Internet.
Advantages:
The safety of storage. With a wallet that is not physically connected to the network, it is impossible to steal something.
Reversibility of incorrect operations. If a normal blockchain transaction cannot be revoked, cancelled or blocked in any way (all blockchain transactions are irreversible and remain in it forever), then using a hardware wallet it becomes possible. In real time, there is only an exchange of information about the transaction (which can be edited or canceled), and the hardware wallet is connected only when the buyer and the seller both confirm the transaction.
Coin: KBX
Platform: ERC20
Coins for sale: 500000000
Currency accepted for payment: ETH
Soft cap: 10000 ETH
Hard cap: 25000 ETH
The review of the KuBitX trading platform came to an end. I believe that this platform will be of interest to potential users, especially those users who do not yet have a lot of experience in trading cryptocurrency and make only their first steps in this business. Yes, it is worth mentioning that the sale of tokens will begin only after the official launch of the site. This is an honest approach, I believe, with such an approach, potential buyers of tokens will see the finished product and not worry about the fact that they can buy a "pig in a poke".
Official page on the Internet: http://www.kubitx.io
White Paper: https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Twitter: https://twitter.com/kubitx
Facebook: https://www.facebook.com/kubitx
Telegram channel: https://t.me/kubitx_official
Reddit: https://www.reddit.com/r/KubitX/
Author: https://bitcointalk.org/index.php?action=profile;u=1725951
0x295aca7dDA69533Ca78410Da4fcC5EE2BAFd1545
