XCRYPT – COMBING BOTH CENTRALIZED AND DECENTRALIZED EXCHANGE ON ONE PLATFORM

Trying new things can be really scary and unpredictable, that is why a lot of people who do not take risks do not succeed in life. Risk takers are always successful because if they do not become successful with the risk taken, they still learn something from it. People try to maintain the status quo in order to prevent heartbreaks that come with trying new things. With the introduction of blockchain technology, people are scared to embrace it because they do not want to take risk. They prefer to go with what they already know and believe in rather than trying new things.
Xcrypt has realized that, in the near future, technology will advance and blockchain technology and trading will also advance, hence a comprehensive effort must be put in place to ensure everything turns out successful in the near future. This project solves existing problems in the cryptocurrency market which includes; lack of liquidity. This problem accounts for the volatility in the price of crypto and hence scares people away from investing in it.
Exchanges in existence today are mostly centralized, paving way for hackers to steal a lot of money stored on these exchanges. Up to date, there has been cases recorded of huge sums of Bitcoin stolen on these exchanges which is unrecovered. In addition, these hacks have not subsided, they keep happening and nothing is done to stop them. Both centralized exchanges as well as decentralized ones, have their drawbacks. The centralized ones since they have a central point for storing data, can be influenced by government decisions as well as hackers too can have access o this information. Even though decentralized exchanges are better, they do not provide the best liquidity for users. Exchanges too only create buy and sell transactions between customers and are not responsible for all other things that takes place on their platform. Since there are so many competitors in existence, exchanges do their best to reduce their transaction fees, so that customers can stay loyal to them.
We conducted a research into the top exchanges that crypto enthusiasts use, Binance, and we also discovered why people used that exchange quiet often. Some of the features include; high number of altcoins listed on their platform, increased security as compared to other exchanges, a higher trading volume and much lower transaction fees.

The Xcrypt ecosystem will be the ideal exchange foe erc721 tokens. In addition to our ecosystem, we will have a debit card as well as a social platform to enable our users has easy access to our platform. We are going to combine both centralized and decentralized exchange platforms so our users can enjoy both benefits. We will provide software as well as tutorials for our users to equip them with all the skills needed for trading. Users and investors will also enjoy some benefits whenever they refe someone to use our trading platform. Our platform will feature all the top 100 cryptocurrencies as well as other fiat currencies too. Our platform will be much user friendly, hence anyone even new to crypto can use it. Security is our hallmark so we intend to improve it by storing encrypted keys offline, password security, 2fA authentication as well as CCSS (Crypto Currency Security Standard).
Our host country, Malta, was chosen because it is the first country to provide regulations regarding cryptocurrency and ICO’s.

In conclusion, Xcrypt is an exchange that has identified he existing problems and wishes to combine both centralized and decentralized exchange on one platform coupled with information and a user friendly interface to make trading much easier.

Visit the following sites for detailed information about our project
Website: https://www.xcrypt.club/
Bitcointalk Ann thread: https://bitcointalk.org/index.php?topic=4993175.0

Author
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2067551