Blockchain-Based Exchange Platform - CryptoXchanger

3 downloads 124 Views 3MB Size Report
The blockchain is yet to make a significant breakout as a global exchange's base. Transparency, safety, and anonymity sh
1

White Paper Of ExchangeCoin

Blockchain-Based Exchange Platform

2

Table of content Abstract

3

About ExchangeCoin

4

Why choose ExchangeCoin

7

Technical parameters

8

ExchangeCoin allocation

9

Roadmap

10

ICO

11

Use of ICO Fund

12

Investment opportunities

13

Affiliate program

14

Terms & Conditions

15

3

Abstract The blockchain is yet to make a significant breakout as a global exchange’s base. Transparency, safety, and anonymity should be the values taken as the priorities for new exchanges on the market. ExchangeCoin was created to be a leader in this industry as we plan to incorporate all the useful features from centralized exchanges and enrich them with all the advantages that come with blockchain technology.

4

About ExchangeCoin The idea for ExchangeCoin (EXCC) was born during the creation of CryptoXchanger - cryptoxchanger.net. Our development team had to register and integrate a dozen exchanges into our platform. Some exchanges required verification, and some did not even have API for all the currencies we wanted to incorporate into the exchanger. The creation of a blockchainbased cryptocurrency exchange became our dream, and now we want it to make it come true. The primary goal of our new exchange will be the incorporation of all functional features that offer centralized exchanges, as follows:

User friendly/intuitive interface

Timeline chart with multiple analytic tools

Stop-limit orders

5 We would like to enrich all the above features with the advantages that come with blockchain technology: Decentralization - The data is not kept on a single server, but is shared among all the users. It means that a decentralized exchange cannot be taken down, even by government.

Safety - There is no 3rd party you must entrust your money to, each user holds the private keys of their icons.

Anonimity - No need to register, all you will need is a client software (or our website) and a wallet address.

P2P - All transactions are person to person, and there is no 3rd party involved.

Security - Multi-signature gateway software that protects the network from unauthorized transactions.

Transparency - All deposits, withdrawals, and order books will be stored on the blockchain. There is no place for exchanges manipulation.

6

Speed - We plan to project a blockchain that can process up to 100.000 transactions per second with an average confirmation time of just 5 seconds.

Cross-Chain transactions - This point is challenging as transactions between different blockchains are not straightforward. Some other projects have already succeeded in atomic swaps, so we know it is possible.

VPN - Many countries have firewalls and ban their residents from some services. We plan to integrate VPN into the client, so that anybody can have access at all times. It will also increase the anonymity of our service.

7

Why choose ExchangeCoin No trade limits - Currently centralized exchanges decide which currencies pairs are traded. ExchangeCoin will allow trading any coin pairs that are listed. Also, there will be no transaction limits.

Flat and low transaction fee - Despite others we will not charge withdrawal fees as money will not be sent to our accounts. We plan to introduce only a small transaction fee - 0.1%.

No manipulation - Order book, as well as all the transactions, will be stored in the blockchain and will be available to check by everybody within the block explorer. It will stop the orders that might be just an exchange manipulation (don’t have coverage in cash).

EXCC bonuses - We plan to reward EXCC holders once the exchange is operating. The initial plan says that holders will receive 20% transaction fees gained by ExchangeCoin. More information will be announced closer to date.

Multiple your investment - EXCC is not only an exchange project. We are not like the others, and that is why we offer investment opportunities to everybody. Right now, CryptoXchanger (ExchangeCoin founder) provides a very generous investment return in a relatively short time. We plan to close BTC investments in Q1 2018 and offer only deposits/ lendings in EXCC.

8

Technical parameters

Coin name

ExchangeCoin

Coin abbreviation

EXCC

Coin Type

Proof of Work

Algorithm

Equihash

Time Between Blocks (sec)

150

Block Reward

38

Block Reward Halving Rate

316.000 (18 months)

Coins premined

8.000.000

Total coins

32.000.000

9

ExchangeCoin allocation

6 million EXCC will be issued during the ICO period. Another 2 million are reserved for bonuses in the CryptoXchanger investment platform. The remaining 24mln tokens will be available to mine with GPU.

10

Roadmap

11

ICO

EXCC ICO has been announced in two principal purposes: raise funds to create the decentralized exchange; and give EXCC holders opportunities to gain profits from planned investment and mining programs, trading and dividends in the future.

The ICO is divided into six rounds that will be at five-day intervals. The wholesale will take 30 days. If any of the batches are not sold out entirely at the end of the designated frame, the remaining unsold EXCC will be added to the next batch. It not all the EXCC coins are sold by the end of the last batch, CryptoXchanger reserves the right to decide what to do with any unsold amount.

12

Use of ICO Fund

13

Investment opportunities

14

Affiliate program

To help popularize the ExchangeCoin idea and reach as many people as possible, we’ve decided to launch an affiliate program. We believe that in the modern advertising world - an affiliate marketing program is one of the most effective tools to popularize the product.

15

Terms & Conditions This paper is for informational purposes only and is not a statement of future intent. The products and innovations set out in this document are currently under development and are not presently in deployment, unless expressly specified otherwise. CryptoXchanger makes no warranties or representations as to the successful development or implementation of mentioned innovations or technologies noted in the paper and disclaims any warranties implied by law or otherwise, to the extent permitted by law.

The information contained in this document is derived from data obtained from sources believed by CryptoXchanger to be reliable and is given in good faith, but no guarantees or warranties, representations are made by CryptoXchanger concerning the accuracy, suitability or completeness of the information presented.

Any opinions expressed reflect the current judgment of the authors of this document and do not necessarily represent the opinion of CryptoXchanger. The opinions reflected herein may change without notice. CryptoXchanger does not have an obligation to amend, modify or update this document or to notify a reader or recipient thereof otherwise if any matter stated herein or any projection, forecast or estimate set forth herein, changes or

16 subsequently becomes inaccurate.

Use of CryptoXchanger might carry financial risk. It should be used only as an experimental software utility. CryptoXchanger is not responsible for any damages, claims, losses, delays, business interruption cost or any other expenses. CryptoXchanger is at this moment released by you from liability for all losses. We decline any or all guarantees or warranties, including any warranty of merchantability and warranty of fitness for any particular purpose.

An Initial Coin Offering is an event in which an organization swaps all or part of an amount of blockchain-based coins for other cryptocurrencies to raise funds. Coin holders are often incentivized through loyalty bonuses based on the coins owned. The potential increase of the currency, due to its usability for various purposes, is also a driving incentive for participants.

There has been no public market for EXCC before the ICO. Although the CryptoXchanger will use reasonable endeavors to seek the approval for the availability of the EXCC for trading on a cryptocurrency exchanges, there is no guarantee that such permission will be obtained. Furthermore, even if a cryptocurrency exchange grants such approval, there is no guarantee that an active or liquid trading market for the EXCC will develop, or even if

17 developed it will be sustained after the ExchangeCoin have been made available for trading on such an exchange. There is also no guarantee that the market price of the EXCC will not drop below the ICO price.

All participants agree to follow and adhere to the Terms and Conditions stated above and published on cryptoxchenger.net and exchangecoin.io websites.