ABSTRACT
At coinolix together with our team we are developing the first multifunctional cryptocurrency exchange ecosystem by combining a robust exchange platform and a decentralized blockchain protocol in which digital tokens are pegged to One US Dollar and backed by asset reserve as gold by Coinolix Exchange Limited to provide a decentralized method of exchanging value through our Fiat pegged Coinamia coin.A pure cryptocurrency exchange - Coinolix Exchange Limited
In today’s market there are two types of exchanges, fiat currency based exchange and pure cryptocurrency based exchange. we will only focus on pure cryptocurrency exchange.
fiat pegged cryptocurrency solution - Coinamia Fiat Coin(USDC)
A peer-to-peer crypto-currency design derived from Proof-of-stake consensus to provide network security. Each USDC coin unit issued into circulation is backed in a one to one ratio (i.e. One USDC is one US dollar) by the corresponding asset reserve held in bank by coinolix Limited. This cryptocurrency will be redeemable or exchangeable for the underlying asset reserve following to Coinolix Exchange Limited’s terms of service. it will be transferable and spendable, much the same as some other cryptocurrency.
Problem
Architecture Trade frameworks should be designed starting from the earliest stage with security, effectiveness, speed, and adaptability as a main priority. Numerous exchanges frequently pick the easiest way to deal with get the framework up and running. While this may function admirably to start with, as activity develops, the framework won't ready to deal with the expanded network load.This frequently backs off the underlying advancement of exchange, yet it is basic for long haul achievement.Liquidity Since the crypto business is so new, it isn't precisely coming in liquidity. Having a unsound order-book implies high slippage when trading cryptocurrency, which is exceptionally costly for traders.
Platform security Almost all cryptocurrency is immutable and there is no way to change once transaction is made because of this exchanges refuse to take responsibility for transactions.There are several exchanges that went down due to being hacked.
Poor customer support Traders are a different breed when it comes to users. Understanding the users problem is vital for running a successful exchange.At the point when the exchange demonstrations in a way that undermines trust of trader would be unacceptable, resulting in a tones of user complaints.
Language support Cryptocurrency market have no borders, Most of the exchanges concentrate just on one dialect or one nation and this result in poor support for this international market.
Banking hurdles Banks are additionally obstructing boundless trade selection of the exchanges, due to extreme volatile condition of cryptocurrency market. Banks put them self in back foot when it comes to verification and users background checks.
Coinolix Exchange
Coinolix exchange provides a wide range of crypto currencies, ERC20 tokens. Easy to use User Interface combined with high performance trading engine. Coinolix exchange follows a best practice by keeping the majority of the asset reserve in cold storage, which is not present on the web server or any other computer to secure users fund on exchange wallet.- Matching Engine High number of trade requests can be countered with the adaptable and extensible engine in a matter of moments.
- Features Exchange Services indcludes Spot market trading, Margin trading, Futures market trades.
- Tradable Assets Coinolix exchange will support trading pairs in BTC, ETH, XRP, LTC, DASH, NEO (ANS), CNC (Coinolix Coin), USDC (USD pegged Coinolix coin)
- User interface We will provide cross-platform Device Coverage on all browser-based trading platform, Android and IOS device platform, PC (Windows, mac, linux) trading platform, REST API.
- 24/7 Customer support Support and responsibilities to be distributed within our staff and company in such a way that customer specific problem can be solved by the designated officer for that particular problem.
- Security DDoS attacks protection, Exchange audit, Two-factor authentication, Encryption and Backup
CLX Token Detail
- Token: CLX
- Standard: ERC20
- Quantity: 1,000,000,000 CLX
- Soft cap: 15,000 ETH
- Platform: Ethereum
- Price: 1 CLX = 0,25 USD
- Payment: BTC, ETH
- Hard cap: 277,777 ETH
- Amount: 100,000,000 CLX
- Start: 08.10.2018
- End: 07.11.2018
- Amount: 400,000,000 CLX
- Start: 08.11.2018
- End: 13.12.2018
The Team
Roadmap
March 2017Cryptocurrency exchange technical and market research begins for next generation centralized and decentralized exchange development.
August 2017
Cryptocurrency trade engine finalized and review face begin for security audit and UI development of exchange.
January 2018
Gathering of highly skilled development team for building exchange and finalizing blockchain technology for Fiat coin altogether.
March 2018
Market research and analysis for Planning Initial Coin offering. Finalizing.
August 2018
Private sale start 8 Aug 2018.
Starting of Airdrop and white listing and KYC registration for crowdsale.
September 2018
Fiat coin blockchain development and consensus development audit.
October 8, 2018
ICo Pre-sale Phase begins for two week on 8 Oct 2018 ending on 7 Nov 2018.
November 8, 2018
Beginning of ICO crowdsale on 8 Nov 2018 which ends on 13 Dec 2018.
January 2019
Full version of the exchange online.
Q1 2019
Announcement of tie-ups with third party trustee for gold reserve and liquid reserve audit.
Wallet and Merchant Detail release.
Official partnership announcement of online merchant for fiat exchange.
Q2 2019
Expansion of payment solution and Gatways all continents.
Expand Exchange Marketing and Scalibility of trading engine of Coinolix Exchange.
Q2 2019
Beta version of the Decentralized exchange online for testing.
Q4 2019
Full version of Decentralized exchange release.
If you like project, find more information with link below:
Website: https://coinolix.com/Whitepage: https://coinolix.com/document/coinolix-whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=4963053.msg44749385#msg44749385
Telegram: https://t.me/coinolix
Facebooks: https://www.facebook.com/coinolix/
Twitter: https://twitter.com/coinolix
Author: Hoangbinmcc
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1330327
