Tagz: New Generation Dual Exchange Gateway

hopelivescr (49)in #ieo • 5 years ago

The crypto exchanges in which the crypto coins are swapped are the units of the heartbeat of the market. Although they do not have a different function than other exchanges, they perform a much more demanding function due to their high volatility. However, this difficulty and many others are often a challenge to their customers. Many of the crypto exchanges in the market continue their activities without any regulation. This reduces the sense of responsibility of many exchanges to their users. Many problems are basically reflected on the user, such as the theft of crypto assets and the damage caused by the high volume movement.

The Tagz project, which I intend to introduce to you in this article, aims to stand in the way of the problems mentioned above.

Let's get to know Tagz!

Dual Gateway Exchange with Regulations

The first thing I should mention about Tagz is that it is a project of Australian origin and is the first regulated crypto exchange in Australia. The Australian Securities and Investment Commission (ASIC) and the Australian Transaction Reports and Analysis Center (AUSTRAC) are the two units that Tagz received approval from. This means: You will trade in a fully regulated environment.

On the other hand, Tagz aims to launch two different types of crypto exchange. These different exchanges include a traditional crypto exchange with some extra features and derivative futures providing up to 200x leverage. There are TAGZ base pairs like TAGZ, ETH / TAGZ, LTC / TAGZ & XRP / TAGZ to use this option.

Okay, these seem really cool but are they enough to choose Tagz? Let's go a little bit deeper and figure out the problems and Tagz's answer.

Problems of the market

✘ One of the most important problems we encounter in the market and affecting all the crypto investors and traders is the flash crash, which means very sudden and massive fall of the price. This situation, which is mainly responsible for panic sales, can be accepted as the event that affects the investor most negatively.

✘ Another action called spoofing is a common problem. In fact, it is an order which will not be executed after all and which aims to mislead the masses for demanding direction.

✘ One of the most fundamental problems is the false volume indicators used to attract people. In many major exchanges, we might encounter this situation.

✘ Many people involved in the crypto market have suffered losses in pump & dump events. Most of the exchanges do not take any measures for it since it has a serious contribution to the volume. What about the losing majority?

✘ Deficiencies related to real identity are also one of the main problems. Many crypto exchanges play ostrich when they encounter this part of the business.

✘ And the most basic problem we've come to is security gaps. There is no exchange with high volume encountered no hacking problems. Of course, we will never know who is behind these events because the regulation is not available.

I believe many of you agree on the problems that I'm counting on. So what does Tagz suggest for the solution?

Solution

ツ First, the KYC / AML procedure will be performed very strictly. At the end of this process, the information will be shared with AUSTRAC. All actions to be made by hiding behind confidential identification will thus be blocked.

ツ Artificial intelligence software-powered security measures will be taken, as all threatening factors to be determined in advance and when necessary to go to even the server shutdown. In addition, artificial intelligence will help in many ways, from fake volume creation to pump & dump attempts.

ツ There is also a method to provide high liquidity. With the help of API, the connection with other exchanges and the transfer of 20% of the profits to the liquidity pool are part of the system.