Cryptonity - Disrupts The Crypto Exchange Market By Providing A Centralized Crypto Ecosystem That Is Entirely Safe And Transparent

maniakbtc (1)(1)in #cryptocurrency • 6 years ago

From our perspective, we see two different categories of cryptocurrency exchanges: big players on the one hand, and challengers on the other.

People we subjectively call challengers don't care about their users or customers, and don't seem to worry about their credibility. The majority of them register all the coins that receive to pay for their expensive fees, and that's all. They do not interact with their customers, do not make any improvements (such as upgrading the UI version), and only focus on maximizing their income. They are very often not transparent at the point that, sometimes for us, it is difficult to understand how some users can trust them and involve their money in the exchange. We think that is because some "low hood" alt coins are only available on the exchange.

Regarding big players, we also have many questions. Are they real companies? Are they arranged? Do they have a plan to support FIAT? Do they have a bank account? Where are they based? Is their platform really safe? Is there insurance if our money is stolen? Can we talk to someone in live chat? Can we call them in an emergency? And the list continues. In the end, this is all related to security and transparency issues. This is actually worse for big players because they are the main target for hackers and thieves.

We can write books about problems related to currency exchange, and those mentioned above are just a few of the long list of things that the market can do better. At the same time, we understand that running exchanges involves many challenges and risks. In addition to security and transparency issues, we also pay attention to issues related to user experience, such as lack of trading tools, inadequate language support, slow withdrawal processes, etc.

Features Of The Cryptonity Exchange

You will find below the list of security features that we plan to implement on our exchange. Some of them will be available at launch, others will come at regular speeds, because they are being developed.

Security Tools

Emails for new logins with mentioned IP addresses can be disabled.

Secret security question and anti-phishing code.

Two Factor Authentication (2FA) via Google Authenticator and Authy.

Implementation of the FIDO U2F Security Key on compatible devices.

Opening fingerprints is available for the Cryptonity Generation Automatic PDF phone application with 2FA QR Code and Reset Key to be able to print it

Matching Machine

We aim to provide one of the most powerful matching machines on the market. We will support the following three types of orders:

Market Orders

Limit Orders

Stop-Loss Command

Withdrawal And Deposit Of FIAT

Users will be able to save and withdraw FIAT currencies through SEPA and SWIFT International Bank Transfers, after their account is verified. This feature will be implemented as soon as possible, after negotiations we have with the organization to get the license completed. Details will be communicated to Cryptonity

Analysis And Strategy Tools

To help our users analyze their trades and build their strategies, we will implement the "Portfolio" feature which will enable them to easily track their profits and losses for each trade, set price tags, and many other options to be detailed on the platform.

Forks & Airdrop

In the future, we will implement the "Airdrop" feature to give our users the possibility to participate in Airdrop, to get credit directly on their Cryptonity Exchange account, and to exchange coins or tokens directly on our stock, when it will be registered.

We plan to support forks but some air forks / drops are dubious or useless projects. We want to let the community help us choose the right project.

Proof-Of-Stake, Staking, And Masternode Wallets

We aim to be one of the first exchanges to support the awarding of awards for our customers. We believe that this is actually the best argument we have, to convince the crypto community to use Cryptonity Exchange rather than other exchanges.

If a user holds a Proof-of-Stake coin in Cryptonity, we will credit it to his wallet. The Proof of Stake Rewards feature is planned for Q3 2019.

We will also consider implementing the Masternode feature in the future.

Cryptonity Token (XNY)

The Cryptonity Token will be a utility token and the price must be related to the utility. Our tokens will give their owners a lifetime discount of 50% for the Cryptonity Exchange fee. This will also allow the owner to take part in specific features such as votes for "Coin of the Month".