Regulus Exchange – Trade Everywhere You Go

edundayo (40)in #cryptocurrency • 6 years ago

TL;DR: Regulus is a new type of self-financed exchange that is modern, reliable, fast and safe, which will allow you to never miss out on an opportunity again.

Background: The Problem

Blockchain and Cryptocurrency have been said to be among the greatest inventions after the Internet. It has created a whole new world of unlimited possibilities, especially in the realm of finance. It has helped to decentralized financial resources by creating a peer-to-peer ecosystem that is trustless, with an immutable public ledger that cannot be manipulated by the powers that be, for self-gain.

At the center of this is Cryptocurrency Exchanges; both Centralized and Decentralized. In simple terms, these are platforms that create avenues for trading cryptocurrencies, more like what Forex Brokers are to Forex. One of the core importance of Crypto Exchanges is that they create liquidity which drives the growth of the crypto world.

However, the advantages of cryptocurrency exchanges come at a cost, which is sometimes very high; for example the issue of security. It’s an open secret that a lot of investors’ funds has been stolen due to the hacking of some popular cryptocurrency exchanges. This remains one of the grey areas of cryptocurrency.

Then, comes along ICO; Initial Coin Offering, which the crypto spinoff of Initial Public Offering (IPO). ICO allows crypto startup to raise funds from the community in exchange for their COIN/Token, this allows them to get the funds needed to develop their solution without necessarily going through stringent regulatory and licensing procedures. Initially, it was great, more like a win-win solution, but suddenly, scammers and con men took it over and it became a free for all opportunity for scams, through exit scams and dud projects.

So, it has now become much more risky to take part in ICOs. None the less, considering the importance and advantages of crypto exchanges especially as the crypto world is still in its early days and there is the need for more exchanges to help create more market and liquidity for crypto, there had to be a way to navigate these limitations.

After a thorough evaluation of all these issues, Regulus Exchange decided to implement a strategy that creates the best of both worlds; a self-funded Exchange with focus on security and mobility. The best part is that Regulus Exchange has been deep in development without conducting an ICO. And guess what, the MVP is already in the pipelining and is scheduled to be unveiled together with the details of the full team, between Q4 2018 and Q1 2019.

What is Regulus?

Regulus is a new modern, flexible, secure and mobile-focused cryptocurrency exchange, especially targeted at people who are mostly on the move. Regulus has the latest in security technologies coupled with being in the Microsoft Azure environment. In addition, assets on the platform will be well protected using cold wallets mechanism where each transaction can be properly tracked.

Regulus Exchange Features:

Roadmap

Token

Token Symbol: RGLS
Platform: Ethereum
Total Supply: 60,000,000

As you can see the total token supply is just 60 million, which is a really great thing for a modern exchange like Regulus, it creates a very high potential growth for the exchange, its token and value for its token holders. Not to mention that fact that token holders also stand to enjoy a 50% discount on trading fees, despite the fee is already one of the lowest in the space. To crown it all up, 40% of the fee collected on the exchange will be share amongst RGLS token holders, if you are like me, you should be excited about the potential opportunity Regulus Exchange offers already.

Token Distribution

The team keeps just 15% of the total supply, 50% of the supply is will be locked - 25% will be released 6 months after the launch of the platform, while the remaining 25% released by the end of the first year. The reserved 10% will be used to fund novelty and rewards, while the 60% community share will be distributed via Airdrop, Lottery, Dividend, and Bounty.

Team

According to the Whitepaper, there are currently more than 10 people working full time on Regulus, but recruitment is still ongoing. Regulus is aware of how important it is for the community to know who they are dealing with, but they wanted to make sure they have something to unveil before they get to know the general public. So, the team will be fully revealed when the platform is unveiled. I was somehow concerned about this and contacted the team, they promptly responded to clarify the issue and I was a bit relieved and convinced. It is even much more interesting as the project is self-funded, did not and don’t intend to conduct an ICO. I believe, the wait will be worth it, when the exchange is launched.

Conclusion

From my review of the all the available information concerning Regulus Exchange, I believe it will be another cryptocurrency exchange success story, not just for the team alone, but also for the customers, token holders, and other stakeholders. The mobile and security first approach of the platform will make crypto opportunity always available everywhere you go, which will help to drive further adoption and increase the crypto market liquidity.