AXNET; A True Centralized & Decentralized, Licensed & Regulated Exchange

brainpow (0)(1)in #exchange • 6 years ago

Decentralized Exchange and Centralized Exchange:

Centralized exchanges are easy to use, easy to access and they provide advanced trading functionalities like margin trading and others. However, they also represent a security risk for your funds. While some exchanges are better guarded than others, hacks are not an uncommon event in the cryptocurrency scene, and some like the recent Bitfinex hack have led thousands of users losing their savings. Some exchanges are simply incompetent or malicious, practicing fractional reserve systems that can either lead to a voluntary elimination of the excess instruments.

Nevertheless, we need to exchange our currencies. There are certain items and services that we cannot buy with Bitcoin (yet) and in order to acquire Bitcoin or cryptocurrencies, most people have to exchange it for a national currency. Furthermore, some cryptocurrencies like Ether or Bitshares have special features or tools that are not present in Bitcoin. So how can we exchange our coins without entrusting them to a third party service? The answer lies with decentralized exchanges.
A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.

This system contrasts with the current centralized model in which users deposit their funds and the exchange issues an IOU that can be freely traded on the platform. When a user asks to withdraw his funds, these are converted back into the cryptocurrency they represent and sent to their owner.

AXNET A True Centralized & Decentralized:

the team is excited to launch the exchange because they have witnessed countless issues with other exchanges worldwide and they have built their company on the foundation to create the best user experience possible. That is why they are creating a Centralized and Decentralized trading platform and giving the users the option to trade anywhere on the go with the AXNET mobile app for iOS and Android.
Android. they hope to bring a platform that users will enjoy by also giving them fiat access to tokens and coins as liquidity builds. AXNET has already begun integrating with banking network to offer USD and EUR pairs and in the process of working to allow Virtual Debit Cards for faster withdrawals. With Virtual Currency to Fiat License, this gives a competitive edge in offering users more services in the future.

Asset Exchange Network (AXNET) is a licensed virtual currency to fiat exchange with a licensed virtual wallet platform. they service traders worldwide by giving them the first hybrid trading platform that offers both a Centralized and Decentralized exchange that allows traders to toggle between the two. and listing traditional BTC, ETH, and USDT pairs with also fiat pairs like USD and EUR through license and banking networks. AXNET Token (AXN) is the fuel of the ecosystem that gives the users the ability to access exclusive features and discounts on the exchange and enable the Trade Mining system.

The most obvious benefit to using a decentralized exchange over a centralized one is their "trustless" nature. You are not required to trust the security or honesty of the exchange since the funds are held by you in your personal wallet and not by a third party. Another advantage to the decentralized model is the privacy it provides. Users are not required to disclose their personal details to anyone, except if the exchange method involves bank transfers, in which case your identity is revealed only to the person that is selling or buying from you. Furthermore, the hosting of decentralized exchanges is distributed through nodes meaning that there is no risk of server downtime.

Of course, there is always a downside and this case is no exception. Centralized exchanges are extremely popular for many reasons. Some decentralized exchanges like Bitsquare require users to be online in order for an order to be listed and for the trade to take place, requiring users to perform certain actions like signaling that a payment was received.
Trading features like margin trading, lending and stop loss are currently not available in the decentralized model as they only allow the basic exchange of currency for a predetermined value.

Team:
https://www.ax.net/team
are an international and diverse team working together with a sole intention: to change the world through the blockchain technology. they have created both a centralized and a decentralized cryptocurrency exchange network that they believe will make trading and spending cryptocurrencies much more accessible for everyone. they believe blockchain technology is the future. Regarding not just cryptocurrencies, but also other fields, like noncorruptive data transfer and storage, safe communication, etc. With this being the dawn of crypto-currencies and blockchain technology, they are eager to create a network that is stable, reliable and ready for the expected expansion. That's why they are constantly working hard on the AXNET, keeping up with the perpetual praxis of this up-rising technology.