Ripaex – Virtual Currency Exchange Industry
NelsonjohnICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
Ripa Exchange is a hybrid-decentralized exchange with a strong focus on lowering the entry level of opening new exchanges and giving crypto traders safe and secure trading partners to operate on a daily basis.
The industry of virtual currencies has a high bar to entry from a technical point of view for the average user and a high bar to entry from an economical point of view for the average entrepreneur for buying a reliable crypto exchange source code, hiring professional DevOps personnel, hiring customer support specialists, complying with national and international AML/KYC regulations and having liquidity from day one of the exchange start of operations
When building a professional exchange service we think that the source code of your exchange and the liquidity to offer to your clients from day one should be given to you free of charge: no more paying e150,000.00 to a company just to have a platform that works and for which you need to pay another e100,000.00 – 150,000.00 just to brand it and customize it for your needs so you can tie your business to a company that may go bankrupt in the future and found you in trouble as you never had the source code of the product your business relies on
To addition to this point, starting an exchange requires a high level of investment form your venture capital reference and the profit of your exchanges operations are not guaranteed in the first 5 years
''Mission is to build the world best open source crypto asset marketplace witha high performance trading engine and safety which can be trusted and enjoyed by users. Additionally want to move the crypto currency exchange technology forward by providing support and add new features. Are helping people to build easy their own exchange around the world.''
The RipaEx project will have its own blockchain called Ripa which will be run on the DPOS protocol and has the XPX token (P symbol) running on it that will serve the five following purposes:
1. to list new cryptocurrencies on Ripa Exchanges
2. to advertise new projects
3. to buy RipaEx gadget on the RipaEx Store
4. to pay for the sell of goods & services on authorized resellers with RipaEx POS (Point of Sale)
5. to share liquidity between Ripa Exchanges in the same network
Ripa (XPX orP ) is a cryptocurrency derivate from ARK, Lisk, Crypti and BitShares withunique differences and improvements for reaching the goal of shared liquidity between exchangesin the same Ripa network. This code however inherits the simplified interactions between ARK and other blockchain systems using DPoS as their consensus. This homogeneous codebase allows for the potential to provide service bridges in the form of ARK-Lisk blockchain apps, along with any other additional systems provided by their blockchain administrators.
RIPA BLOCKCHAIN IS AN ARK FORK AND THE USE OF A BLOCKCHAIN TECHNOLOGY FOR THE NETWORK OF EXCHANGES CREATED WILL COMPLETE THE RIPA ECOSYSTEM BY PERMITTING EACH EXCHANGE IN THE RIPA NETWORK TO SHARE THE SAME LIQUIDITY. WILL ALWAYS ENTRUST ARK AS BLOCKCHAIN TECHNOLOGY PROVIDER TO MERGE THEIR CODE INTO LATEST FEATURES FOR WHAT CONCERNING THE RIPA BLOCKCHAIN
Explained the use of the Ripa Blockchain in the RipaEx ecosystem and explained the RIPA - ARK technological relations what is following are the specifications of the Ripa Blockchain derived/inherited from ARK.
Delegated Proof of Stake Technology
Ripa Blockchain, will inherits the Delegated Proof of Stake (DPoS) consensus system that was first introduced by BitShares. This consensus algorithm was designed to eliminate the issues associated with Proof of Work (PoW), namely the centralization of computing power and the exponentially increasing waste of real world energy. While not completely decentralized as it relies on consensus by a fixed number of elected delegates, it guarantees a better decentralization than Bitcoin. The con-sensus algorithm implementation is improved over time, evolving into an optimal consensus system.
The team of RipaEx believes that, despite the recent developments in the world of cryptocurrencies, it is still expensive to open, manage and build trust on a newly created exchange not only for the resources need to run a reliable exchange platform but also for the build of the platform itself and to find the liquidity necessary to run a profitable business in the first 5 years gap.
Action is needed and action is needed now. Users are frustrated with unreliable exchanges that run away with their funds, got hacked or does not sustain the load of a growing industry of today. Despite the effort of exchanges managers to offer efficient, reliable, and easy to use platforms to trade entry prices for building such platforms is in the rage of 250-300 thousand euro and that does not include personnel cost to give platinum customer support, platform infrastructure and daily expenses for the business. All of that for then having an decent exchange platform for which you will need to pay an external software company to make changes as you request.
It is the aim of this project to give you an Open Source, efficient, reliable exchange platformand to give the needed liquidity1 to your newly created exchange from day one so you can focus on finding your customers, give platinum support and comply with all the heterogeneous laws in the industry. As we want that the customer experience will be the sleekest possible, while making it safer to trade.
Our mission is to build the world best open source crypto asset marketplace with a high performance trading engine and safety which can be trusted and enjoyed by users. Additionally we want to move the crypto currency exchange technology forward by providing support and add new features. We are helping people to build easy their own exchange around the world
Exchange Features
- Open Source – Peatio is a customizable cryptocurrency exchange solution architecture enables easy connection to KYC/AML, authentication, ETL/reporting, and other services.
- KYC Verification – Peatio KYC efficiently submits and exchanges KYC information to meet the banking supervisory standards and comply with Customer Due Diligence (CDD) requirements.
- Transparent & Configurable – Peatio is a true open source technology making it secure, transparent, flexible and highly configurable.
- Internationalization – Peatio supports a wide array of common languages, while improving usability for users all over the world.
- Proof of Solvency – Peatio Proof of Solvency (PoS) allows users to verify the solvency of the Peatio based cryptocurrency exchange without compromising user privacy.
- Multi-Accounts – Peatio allows to create multiple accounts and trading in multiple currencies. Peatio makes it is easy to trade different currencies.
- Enterprise Exchange – Peatio enterprise exchange features include a high-performance matching engine, scalable distributed worker threads, and SMS 2-factor authentication.
- Functional & Intuitive – Clean, user friendly registration and login interface. Personalized deposit and withdraw procedure and a built-in proof-of-solvency audi
The Ripa Exchange Trading Console is a fully responsive trading UI built with responsive design to save you time and money, while enabling your clients to conveniently access your content on any device.
Ripa Exchange specializes in designing beautiful interfaces for content while balancing your application to be consistent as viewport increases.
Ripaex.io now at the beginning of the year a crypto company with certain characteristics, with the many and high current trading crypto-markets that dominate the market. partnership Ripaex.io Become one of the big companies that will be very successful in the future. Trading in the world of cryptocurrency never escaped the rise and fall of the currency-dollar fluctuations and the exchange of coins, this is a natural thing that is felt by crypto-trading companies. Moreover, the company has no creative idea that the system can keep out of investments, of course this is a disaster that can be fatal with the destruction of the company. Decentralized investment funds on the blockchain platform for investors around the world are an effective philosophy offered by this platform. With the vision and mission of the concept of mutual benefit between the project owner and the token owner. With so many markets in the world of cryptocurrency this year that competitors of many companies who act or trade should have more unique functions and creativity, this could be one of the success points that the crypto-trading community can achieve.
For Information
Website: www.ripaex.io
ANN: bitcointalk.org/index.php?topic=3759172
Whitepaper: github.com/RipaEx/whitepaper/raw/master/eng/RipaEx_WP_EN.pdf
Facebook: www.facebook.com/ripaex
Twitter: twitter.com/ripaex
Telegram: t.me/ripaex
Slack: ripaex.slack.com
Gitter: gitter.im/RipaEx/RipaEx
GitHub: github.com/RipaEx/
Medium: medium.com/ripaex
AUTHOR
nelsonjohn
BITCOINTALK PROFILE
https://bitcointalk.org/index.php?action=profile;u=2387325