DEXA COIN: Simplifying The Way We Send And Receive Money Across The Globe By Harnessing The Power Of Blockchain Technology:

Francis Odinigwe

The General Concept Of The Dexa Coin Platform:

Introduction:

Blockchain generation is replacing the modern centralized business version of financial services enterprises. Banks and financial establishment are exploring different approaches to implement blockchain tech to lessen transaction prices, increase transaction speed, remove multiple transaction and also mitigate frauds. Crypto-currencies promise to offer a progressive option to the modern-day problems going through the global transaction market. This is the reason why DEXACOIN project is been launched so as to ensure there is high transaction speed, high security and high level of trust and transparency in the global transactions. DEXACOIN project is launched and designed to simplifying the way transaction are been done around the world with the help of adoption of blockchain technology in its platform. DEXACOIN aims to bring financial transaction closer to people around the world through the use of mobile device.

DEXACOIN is designed in such a way that anybody that knows how to operate a mobile device will be able to make transaction in its platform easily without any difficulties or limitations. DEXACOIN system through the use of blockchain technology will permit both the sender and recipient to fully understand where their money is. There won’t be any lags throughout the exchange and transaction process because the decentralized blockchain generation eliminates the middleman which has always been the major cause of delay and lags during transactions and transfers.

Fraud is one of the main problems for the economic and financial enterprise. One of the main advantages of blockchain technology is the difficulties and impossibility is present to the fraudsters and hackers to penetrate the machine simply because transactions at the blockchain are well secured making difficult for hackers and fraudsters to penetrate. The links among the blocks and their content are covered by using cryptography so that previous transactions cannot be destroyed or cast. Presently, it was discovered that global payments are conducted via a network of correspondent banks or cash switch vendors which might be open to high security risk. With the use of DEXACOIN platform, global payment and transaction will be made easy for everybody.

DEXA COIN WALLET:

The Dexa Wallet is a place where users will hold their DEXA tokens. The wallet will also allow the user to hold other cryptocurrencies in general, mainly ERC 20 tokens and Bitcoin. The wallet will have a number of security features in place to ensure the safety and security of your digital assets. The wallet will also host a feature that will allow a user to buy DEXA directly from the app by using the available balance in their account. The wallet will display the user account balance. Here the user can decide how much DEXA they would like to buy. Say the user wants $10USD worth of DEXA, they simply enter the amount and the system will display how much DEXA they will get for it. Once confirmed, the amount will be deducted from the user’s account balance and the tokens will arrive in their Dexa Wallet. This system makes it easy for new users to buy DEXA and also for existing users to buy more. DEXA token holders who hold DEXA outside the app will be able to transfer their tokens to their created blockchain wallet address when they sign up. The tokens can then be used to run the app and also to make use of all its features.

DEXA SPECIAL CARD:

Prepaid cards can be a viable alternative for people without a bank account. Starting a prepaid card is something we want to send and start at a later stage of the project. Users can order a prepaid card and also link the app to this page. Branded prepaid cards can then be used in many cities around the world for shopping, payment and withdrawals.

FEATURES OF THE DEXA COIN PLATFORM:

· Send & Receive Money Across The Globe:

Anyone familiar with using a smartphone device should be able to do this with ease. The APP will be designed to be Easy, User Friendly & Secure.

· Make Instant Payments:

At a coffee shop or want to pay for dinner. You can make instant payments via NFC & QR Code Payment Technology.

· Instant Messaging Feature:

The APP will also incorporate an “Instant Messaging Feature” that Not Only allows the user to communicate with the people they are sending the money too, but also to socialize with friends & family.

· Link The App To Your Bank Account:

Linking the APP to the bank account will allow users to connect the APP to their Payment Card E.g.: Master Card & Visa Card or Transfer Money from the APP to their bank account and Vice Versa.

· Security:

Various security measures will be incorporated within the APP to ensure the safety and security of your money & digital wallet.

· Privacy:

The “Instant Messaging Feature” will also host a number of Security and Privacy Features such as “End to End Encryption”.

THE PROBLEMS:

The biggest issue with the conventional payments system is the amount of money it costs to send money. Exuberant transfer fees discourage people from sending and receiving money. Here are some of the problems with the conventional method of money remittance: Despite the drawbacks of traditional money moving methods, many individuals and businesses still move money with this way believing there is no better alternative. Traditional money transfer methods are usually expensive. If you send $100 to someone in the US, how much do you think they will receive? It is difficult to guess because of the hidden charges money transfer companies apply and the poor exchange rates they often use. More expensive Traditional methods that involve several companies and banks provide extremely slow service, due to the presence of a middleman in the process. Time is also wasted filling out forms and proving ones identity. Time-consuming Money transfer companies and banks rarely offer 24/7 service. This means it is unlikely that you will be able to send or receive money during an emergency or on holidays. Limited accessibility many organizations do not offer a high enough level of privacy and security. As a result, there has been an increase in cases of fraud and scammers gaining access to the control and tracking numbers of transfers. High chances of fraud Conventional technology, an organization’s structure and rules and regulations can also hinder a user’s experience. Other factors.

THE SOLUTION:

Traditional network databases running on client-server dynamics are no longer efficient with the input flow in the money transfer business. Distributed controls will be one of the main components of money transfers and ultimately eliminate the risks associated with central controls that include content accessibility. Dexa Coin eliminates brokers and all other issues that come with traditional money transfer and money transfer methods. There are only two players involved in the transaction and offer full transparency. It has never been easier to send money home, as the use of smartphones increased more than 2 billion users in 2016. With a few taps on the screen, people can easily transfer money to friends and family. This is much less costly, requires less time and does not require physical delivery of money. In addition, people will receive notifications about all transactions with their application. With its core technology, blockchain allows you to transfer money instantly and instantly at certain times and allows it to work 24/7 365 days a year.

DEXA COIN TOKEN DETAILS:

Token Name: DEXACOIN

Token Symbol: DEXA

Token Type: ERC20

Token Supply: 100 Billions

Token Price: $0.00003 - $0.00005

Token Distribution:

35% Allocated to Public Sale

16% Allocated to Token Reserve

15% Allocated to Founders

10% Allocated to Presale

8% Allocated to Partnership

7% Allocated to Bonus & Airdrop

5% Allocated to Private Sale

4% Allocated to Team and Advisors

Fund Distribution:

35% Allocated to Product Development

25% Allocated to Operations

15% Allocated for Reserve

10% Allocated for Marketing

10% Allocated for R & D

5% Allocated to Legal Expenses.

ROAD-MAP:

CONCLUSION:

In Conclusion, traditional money transfer methods fail to catch up with the technologically advanced world’s money transfer needs. They are slow, unsafe and expensive. In contrary, Dexa Coin with blockchain as its backbone technology provides a perfect, safe, fast, and much cheaper solution to all the money transfer problems and requirements. It further goes a step ahead and provides a unique feature to its users, i.e. “Instant Messaging Feature” which allows its users to stay in touch with friends & family for personal and professional purposes. Hence, Dexa Coin with its efficient and innovative new features is all set to revolutionize the money transferring game.

For More Information About DEXA COIN Project Check The Links Below:

Website: https://dexacoin.net/

Whitepaper:

https://dexacoin.net/wp-content/uploads/2019/07/DEXA-COIN-OFFICIAL-WHITEPAPER-UPDATED-24th-JUL-2019-6-PM.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5158033.0

Telegram: https://t.me/dexacoin

Twitter: https://twitter.com/DEXA_COIN

Facebook: https://www.facebook.com/DEXACOIN.DEXA/

Reddit: https://www.reddit.com/user/DEXA_COIN

Medium: https://medium.com/@DEXA_COIN

YouTube: https://www.youtube.com/channel/UCJClcJHPCKkn-lJzJz25NhA?view_as=subscriber

Author’s Details: