ITEX EXCHANGE: AN OUTSANDING HYBRID CRYPTOCURRENCY EXCHANGE

PRELIMINARY

Cryptocurrency Trading platforms also known as Exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency or sometimes for Fiat currency. A cryptocurrency exchange is a third-party platform from which one can purchase or trade Cryptocurrencies. A Cryptocurrency can simply be exchanged for Fiat or different Cryptocurrencies on an exchange. There are varieties of Cryptocurrency exchange depending on the type of services they give. They can be trading platforms, peer-to-peer exchanges or brokers. In determining an exchange, factors such as security, speed, fees, the process of buying, ease of use, effective customer service, etc. need to be analyzed.

The cryptocurrency market is evolving, and its market capitalization was estimated to US$268.23 billion on March 31st, 20181. Since the introduction of Bitcoin in January 2009, thousands of cryptocurrencies have existed at some point and today, there are hundreds of cryptocurrencies with a market value that are being traded.

There are two(3) types of cryptocurrency exchanges; Centralized and Decentralized exchanges, and Hybrid cryptocurrency exchanges.

Centralized Exchanges: A centralized exchange is an online cryptocurrency platform that makes use of a third party or middle man to execute transactions no matter the asset that may be in place. Just like customers trust banks to hold their money, traders trust these middle men operating in centralized exchanges to handle their assets.

Decentralized Exchange (DEX):: A decentralized exchange on the other hand is an online cryptocurrency platform which eradicates middle men, and returns control and security of assets and private keys to their respective owners. A decentralized exchange can be termed as a “trust-less Environment”.

Hybrid Cryptocurrency exchanges: As the words "hybrid" says, it is a mixture of both centralized and decentralized exchanges.

Today, i will introduce to you guys a revolutionary Hybrid crypto exchange that gives traders the best trading expereince. Known as ITEX exchange.

INTRODUCING ITEX EXCHANGE

ITEX exchange is a hybrid exchange that is blockhain-based, which makes the ITEX exchange a very fast and secure cryptocurrency platform. ITEX exchange builds the next generation digital asset exchange for traders of every skill level with the aim of making digital currency trading accessible to everyone. ITEX team and developers is on a mission to provide users with a simple, reliable and low-cost service to use, buy, sell, and trade various crypto assets, from range of countries.

STATEMENT OF PROBLEM

There are so many cryptocurrency exchanges existing in the world today, and many of them accept crypto to crypto trading pairs. Here are some of the problems facing the crypto exchanges of today, such as

High Trading Fees: Popular exchanges can charge between 0.8% to 3% in fees.
Poor Security: So many Exchanges do not have a strong security to protect users assets.
Poor User Interface: There are so many crypto exchanges that has a poor User-interface which makes it difficult for users to Navigate through the platform.
Low Scalability: So many Popular exchanges offers Low liquidity which in other words delays trading activities on the platform.
Block Time: So many existing cryptocurrency exchanges always take as much as 3 min to generate a block.

SOLUTIONS PROFFERED BY ITEX

ITEX will develop a trading platform that has an easy to use interface
Transaction fees withing the ITEX platform is very low for both deposits and withdrawals
The ITEX exchange is very secured and fights against money laundering on the Platform.
ITEX exchange has a 24/7 customer support services. They are always available to answer any questions or enquirers made by users on the exchange.
Using ITEX exchange, user's assets are very secured because they are being stored in cold wallets.
ITEX exchange will introduce social trading. whereby user's can copy the trade operations of other successful trader's and achieve the same profitable outcomes.
ITEX will carryout KYC verifications for advanced security.
90% of transaction fees will go to ITEX token holders.
ITEX exchange will allow community members to vote for tokens to be listed for free.

ITEX TOKEN

ITEX token will serve as the utility token of the ITEX platform. ITEX token is developed on the Ethereum blockchain, based ERC-20 smart contracts. ITEX token will be the standard mode of transactions and other services within the ITEX platform. Tansaction fees made using ITEX attracts discounts. Other token use cases includes