COINOLIX EXCHANGE
UPIK05INTRODUCTION
At coinolix together with our team we are developing the first multifunctional cryptocurrency exchange ecosystem that combines a robust Exchange platform and a decentralized Blockchain protocol with coinolix. These digital tokens are tied to one dollar and are backed by Coinolix Exchange Limited Assets such as gold secured to provide a decentralized method of value exchange via our Fiat-affiliated Coinamia coin.
The net exchange of cryptocurrency Coinolix Exchange Limited. There are two types of exchanges in today’s market: currency exchange and net foreign exchange cryptocurrency. We will focus on pure cryptocurrency exchange.
The cryptocurrency solution is linked to the Fiat Coinamia Fiat Coin (USDC).Peer-to-peer cryptocurrency based on a consensus agreement to provide network security. Each USDC coin issued in a ratio of one to one (overleden in Germany) is based on the relevant pool of assets held by the bank coinolix Limited.
Current Market Players
Binance
Binance has daily Trading volume 225 billion USD approx. it is not regulated and non of the company info on the website. Exchange stopped taking signups in January 2018 due to scaling issues in the website and went down for more than 24 hour in February month.
Bittrex
Bittrex has daily trading volume of 500 million USD approx. it is regulated by New York bitcoin licence and registered in USA. Bittrex has also slow customer response and pending tickets scenarios. Bittrex stop taking new customer application from December 2017.
Poloniex
Poloniex has daily trading volume of 140 million USD approx. it is registered
and regulated in Boston, MA , USA. This exchange provides exchange, margin,
and lending facilities to users and margin trading sometimes end up in over
trading and forced liquidation, when all or part of your positions are closed.This
exchange has also a reputation of slow customer response.
Bitfinex
Bitfinex has daily trading volume of 180 billion USD approx. it is registered and non-regulated exchange based in Hong kong. Bitfinex is also a hack victim in 2016 resulting 75 million loss of fund of its users and currently under investigation by USA government.
[Source : https://coindatadesktop.com and Our team research.]
Architecture
Trade structures should be developed from the beginning, with safety, efficiency, speed and adaptability the top priority. Many exchanges often choose the easiest way to manage a framework. While the first thing that can be done is good, the structure will not be ready to take the extended network load into account when developing the activity. This often deviates from the main promotion of the exchange, but it is important to achieve the long-term goal.
Liquidities
Since crypto business is so new, it does not quite approach the liquidity. The presence of unjustified publishing means a high variance in the trading of cryptocurrencies, which is extremely expensive for traders.
Platform Security
Almost the entire cryptocurrency is unchanged, and there is no way to change it after the transaction has been made, as that exchange refuses to take responsibility for the transaction. There are several exchanges that have declined due to hacker attacks.
There are some advanced achievements that the exchange would have won in recognition of an attempted burglary. However, these improvements are so expensive that the replacement nodes can no longer access them, which means that they can be virtually any programmer who bypasses his security framework.
Bad customer service
Traders are a different kind when it comes to users. Understanding the problem with users is critical to successful sharing. At this moment, when the demonstration of exchange in a way that undermines a trader’s trust would be unacceptable, resulting in user complaints.
Language support
The cryptocurrency market knows no bounds. Most exchange programs focus on just one dialect or nation and this leads to poor support for this internationalation market.
Database Locks
Banks continue to hinder the unrestricted selection of exchanges because of the extremely fragile state of the cryptocurrency market. Banks make a point of backing up when it comes down to dimming and checking.
Coinolix Exchange
The relevant engine Coinolix Exchange for Management 1 200 000 orders per second. A large number of shopping requests can be solved in minutes with the help of a customizable and scalable engine. In this sense, our co-ordinated engine can remain united and reliable engines of today’s market. In this way, traders can be protected from major problems such as deadlocked trading requests or lengthy transactions.
FEATURES
Handel at the spot market
Margin Trading
Futures Handel
Language Support
We will support all our user interfaces Engels, Chinese, Russian, Japanese and Korean. (The first release will be available in English and Russian only.)
Other languages will be added over time.
Tradable Assets:
Coinolix exchange will support trading pairs in the following coins.
● BTC
● ETH
● XRP
● NEO (ANS)
● LTC
● DASH
● CLX (Coinolix Coin)
● USDC (USD pegged Coinolix coin)
We by and large will just include coins that have solid validity, client base, and liquidity.We have no plans to add any fiat monetary standards at all.More coins will be included in near future.
User interface (UI):
At Coinolix exchange We will provide cross-platform Device Coverage:
● browser-based trading platform
● Android app platform
● iOS app platform
● PC (Windows, mac, linux) trading platform
● REST API
24/7 customer service:
Rather than providing the customer with a predefined scenario, we prefer to share the support and responsibilities shared between our employees and the company so that a specific customer problem can be resolved by a particular official on this particular problem.
Security DDoS Protection: Due to high traffic activity, crypto currency exchanges are regularly exposed to DDoS attacks. We use a secure, distributed Content Delivery Network (CDN) delivery server network that can successfully download a large number of database requests at any time to support 24/7 online exchange services.
Inventory Audit: Our Target Vulnerability Research team will monitor the execution time of the platform to prevent potential attacks of defenselessness. We will also consider additional security efforts as market allocations will evolve in the future.
Encryption and Backup We will use sophisticated encryption strategies and strengthen data daily to ensure the security of all user data. This approach, combined with a decentralized database, will enable us to provide information to our customers, even in direct result, the alleged hypothetical hacker attack.
Two-Factor Authentication: Utilizing two-factor authentication using a username and password to protect users from the vulnerability to e-mail reporting related to phishing sites.
Benefit for Token Sale participant.
Token holders can use CLX token to pay almost all type of fees including, trading fee, withdrawal fee, listing fees. CLX token holders benefits from buy back and burn program that reduces total supply of the tokens.
BUY NOW
50% discount on fees for First year
25% discount on fees for Second year
15% discount on fees for Third year
Token buy back and burn program
CLX Token Detail
CLX Token is an ERC20 standard token from the Ethereum Blockchain. This multipurpose token that can be used as a medium of exchange as well as for paying transaction fees, trading fee, withdrawal fee, listing fees on Coinolix Exchange.
Coinolix Token
Token name Coinolix Token
Token Symbol CLX
Platform Ethereum Blockchain
Token typeERC-20
Total supply1 Billion CLX
Acceptable currencies BTC, ETH
Exchange Listing Symbol CLX
Country of incorporation Estonia
Pre-sale Detail
Pre-sale
Token Rate 1 CLX = 0.20 USD
Pre-Sale supply 100 Million CLX
Start Date 8 Oct 2018
End Date 7 Nov 2018
Minimum Purchase 500 USD
Acceptable currencies BTC, ETH, LTC
Bonus 20%
ICO crowdsale Detail
Crowdsale
Token Rate 1 CLX = 0.25 USD
CrowdSale supply 400 Million CLX + Remaining token from Pre-Sale
Start Date 8 Nov 2018
End Date 13 Dec 2018
Minimum Purchase 100 USD
Acceptable currencies BTC, ETH, USD
Bonus First and Second weeks 20%
Bonus Week Three 10%
Bonus week Four 5%
Bonus week Five No Bonus
ROADMAP
March 2017
Cryptocurrency exchange technical and market research begins for next generation centralized and decentralized exchange development.
Aug 2017
Cryptocurrency trade engine finalized and review face begin for security audit and UI development of exchange.
Jan 2018
Gathering of highly skilled development team for building exchange and finalizing blockchain technology for Fiat coin altogether.
March 2018
Market research and analysis for Planning Initial Coin offering. Finalizing
Aug 2018
Private sale start 8 Aug 2018.
Starting of Airdrop and white listing and KYC registration for crowdsale.
Sep 2018
Fiat coin blockchain development and consensus development audit.
8 Oct 2018
ICo Pre-sale Phase begins for two week on 8 Oct 2018 ending on 7 Nov 2018.
8 Now 2018
Beginning of ICO crowdsale on 8 Nov 2018 which ends on 13 Dec 2018.
Jan 2019
Full version of the exchange online.
Q1 2019
Announcement of tie-ups with third party trustee for gold reserve and liquid reserve audit.
Wallet and Merchant Detail release.
Official partnership announcement of online merchant for fiat exchange.
Q2 2019
Expansion of payment solution and Gatways all continents.
Expand Exchange Marketing and Scalibility of trading engine of Coinolix Exchange.
Q2 2019
Beta version of the Decentralized exchange online for testing.
Q4 2019
Full version of Decentralized exchange release.
TEAM
Prasanna Puniwala
CEO
Rajesh Vora
CTO
Shiv Bhagat
Opration Director
Saeek Momin
Management Head & strategic planner
Premal Bhagatji
Content Manager
Dhaval Bhagatji
Marketing Director
Shivang Jariwala
Business Developer
Joy Jariwala
Community Manager
Bhavesh Pandav
Senior PR Manager
Miikka Saloseutu
Marketing Advisor
ADVISOR
Asif Iqbal
ICO Advisor
More information contact:
Website: https://coinolix.com
Whitepaper : https://coinolix.com/document/coinolix-whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4963053.msg44749385#msg44749385
Facebook: https://www.facebook.com/coinolix
Twitter: https://twitter.com/coinolix
Telegram: https://t.me/coinolix
Author : Upik05
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2205131
Address wallet
0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4