Coinolix ICO Platform Review
In coinolix, together with our team, we develop the first multifunctional cryptocurrency exchange ecosystem, combining a robust exchange platform and a decentralized blockchain protocol, in which digital tokens are tied to one US dollar and maintained by the Coinolix Exchange Limited asset reserve as gold to provide a decentralized method for exchanging value through our Coinamia coin tied to fiat.
Net exchange of cryptocurrencies Coinolix Exchange Limited.
In today's market there are two types of exchanges: currency exchange on a currency basis and net exchange cryptocurrency. We will focus only on the pure exchange of cryptocurrencies.
Solution with cryptocurrency with reference to fiat Coinamia Fiat Coin (USDC).
A peer-to-peer cryptocurrency scheme based on an agreement to reach agreement to ensure network security. Each USDC coin block issued into circulation is maintained at a one-to-one ratio (that is, one US dollar is one US dollar) for the corresponding asset reserve located in the coinolix Limited Bank.
Architecture
Trade structures should be developed from an early stage, ensuring safety, efficiency, speed and adaptability as the main priority. Numerous exchanges often choose the easiest way to cope in order to run the framework. Although it may function perfectly to begin with, as the activity develops, the structure will not be ready to consider the extended network load. This often departs from the main promotion of the exchange, but it is essential for achieving the long-term goal.
Liquidity
Since the crypto business is so new, it doesn’t quite fit into liquidity. The presence of unreasonable book publishing implies a high slippage when trading in cryptocurrencies, which is extremely expensive for traders.
Platform security
Almost all cryptocurrency is unchanged, and there is no possibility to change it after the transaction is made due to the fact that this exchange refuses to take responsibility for the transaction. There are several exchanges that have declined due to hacking.
There are advanced accomplishments that exchanges would win in recognition of the attempted hacking. However, these improvements are expensive to the extent that exchanges do not have access to them, that is, they can be almost any programmer how to circumvent their security framework.
Poor customer support
Traders are a different breed when it comes to users. Understanding the problem with users is vital for a successful exchange. At that moment, when demonstrations of exchange in such a way that undermine the trust of the trader, will be unacceptable, which will lead to the appearance of complaints from users.
Language support
The cryptocurrency market has no limits. Most exchanges are focused on only one dialect or one nation, and this leads to poor support for this international market.
Banking Barriers
Banks further impede the unlimited choice of trading markets due to the extremely unstable state of the cryptocurrency market. Banks put them in the back foot when it comes to checking and checking the personal data of users.
Coinolix exchange
The corresponding Coinolix Exchange engine is suitable for managing 1,200,000 orders per second. A large number of trade requests can be eliminated with an adaptable and expandable engine in a matter of minutes. Along these lines, our agreed engine can gain a foothold in one of the fastest and most reliable engines available in the current market. In this way, traders can be saved from major problems, such as sticking trading requests or exhausting trading.
Features:
Trading in the spot market
Margin Trading
Futures Trading
Language support
We will support English, Chinese, Russian, Japanese and Korean on all our user interfaces. (The most initial release will be in English and Russian only.)
Additional languages will be added over time.
24/7 Customer Support:
Instead of providing the customer with a pre-designed scenario, we prefer to share the support and responsibilities that will be distributed to our employees and the company so that the specific problem of the client can be solved by the designated official for this particular problem.
Security Protection against DDoS attacks: due to high traffic activity, cryptocurrency exchanges are regularly exposed to DDoS attacks. We use a secure, distributed network of a CDN (Content Delivery Network) delivery server, which can successfully download a large number of database queries at any time to support online exchange services 24/7.
Exchange audit: our vulnerability task force will monitor the platform’s execution time to prevent any conceivable defenseless attacks. We will also think about additional security efforts, as market allocations will evolve in the upcoming future.
Encryption and backup. We will use sophisticated encryption strategies and daily reinforce information to ensure the security of all user data. This approach, combined with a decentralized base, will allow us to provide our client information even in the direct result, a supposed hypothetical hacker attack.
Two-factor authentication: by applying two-factor authentication over a username and password to protect users from a phishing site and email vulnerabilities.
Road map:
March 31, 2017
Technical and market research Cryptocurrency exchange begins for a centralized and decentralized exchange of the next generation of news.
September 30, 2017
The cryptocurrency processing mechanism is completed, and the review begins with security audits and user interface development.
March 31, 2018
Gathering a highly qualified team of developers for the exchange and finalization of the lock technology for Fiat coins.
Market research and analysis for planning the initial offer of coins. Revision
September 30, 2018
Beginning of private sale on August 8, 2018.
Start airdrop and white listing and register KYC for crowdsale.
Fiat coins development chain development and development consensus audit.
December 31, 2018
The preliminary ICo phase begins within two weeks on October 8, 2018, ending November 7, 2018.
The beginning of ICO crowdsale on November 8, 2018, which ends on December 13, 2018
March 31, 2019
Full version online sharing
Announcement of third-party trustee for gold reserves and liquid reserve auditing.
Wallet and seller information.
Official announcement of the sale of online merchant for file sharing
June 30, 2019
Expanding Payment Solution and Gatways on all continents.
Extend Exchange Marketing and Coinolix Exchange trading mechanism scalability.
Beta version of decentralized online sharing for testing.
December 31, 2019
Full version of decentralized exchange
Detailed information:
Website: https://coinolix.com
Facebook: https://www.facebook.com/coinolix
Twitter: https://twitter.com/coinolix
Telegram: https://t.me/coinolix
AUTHOR:Lilis27
ETH:0x66e38DC97178062efc27d0940CE5e66be206416E
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