COINOLIX EXCHANGE WITH WORLD-CLASS TRADING FACILITY
At coinolix together with our team we are developing the first multifunctionalcryptocurrency exchange ecosystem by combining a robust exchange platformand a decentralized blockchain protocol in which digital tokens are pegged toOne US Dollar and backed by asset reserve as gold by Coinolix ExchangeLimited to provide a decentralized method of exchanging value through ourFiat pegged Coinamia coin.
A pure cryptocurrency exchange – Coinolix Exchange Limited.
In today’s market there are two types of exchanges, fiat currency basedexchange and pure cryptocurrency based exchange. we will only focus on purecryptocurrency exchange.
A fiat pegged cryptocurrency solution – Coinamia Fiat Coin(USDC).
A peer-to-peer crypto-currency design derived from Proof-of-stake consensusto provide network security. Each USDC coin unit issued into circulation isbacked in a one to one ratio (i.e. One USDC is one US dollar) by thecorresponding asset reserve held in bank by coinolix Limited. Thiscryptocurrency will be redeemable or exchangeable for the underlying assetreserve following to Coinolix Exchange Limited’s terms of service. it will betransferable and spendable, much the same as some other cryptocurrency.
CURRENT MARKET PLAYERS
Binance
Binance has daily Trading volume 225 billion USD approx. it is not regulated and non of the company info on the website. Exchange stopped taking signups in January 2018 due to scaling issues in the website and went down for more than 24 hour in February month.
Bittrex
Bittrex has daily trading volume of 500 million USD approx. it is regulated by New York bitcoin licence and registered in USA. Bittrex has also slow customer response and pending tickets scenarios. Bittrex stop taking new customer application from December 2017.
Poloniex
Poloniex has daily trading volume of 140 million USD approx. it is registered and regulated in Boston, MA , USA. This exchange provides exchange, margin, and lending facilities to users and margin trading sometimes end up in over trading and forced liquidation, when all or part of your positions are closed.This exchange has also a reputation of slow customer response
Bitfinex
Bitfinex has daily trading volume of 180 billion USD approx. it is registered and non-regulated exchange based in Hong kong. Bitfinex is also a hack victim in 2016 resulting 75 million loss of fund of its users and currently under investigation by USA government.
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.
There are propelled advancements that exchanges would profit by with respect to recognising endeavoured hack.Nonetheless, these advancements are expensive to the point that exchanges have no chance to get of gaining admittance to them, meaning they are liable to almost any programmer with enough know-how to get around their security frameworks.
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
Trading Engine
The matching engine of the Coinolix Exchange is fit for managing 1,200,000 order per second. High number of trade requests can be countered with the adaptable and extensible engine in a matter of moments. Along these lines, our matching engine can stand up for itself with one of the quickest and most secure engine available in current market.Thus, traders can be saved from basic issues like stuck trading requests or tedious handling of the trades.
Features:
- Spot market trading
- Margin trading
- Futures market trades
Tradable Assets:
Coinolix exchange will support trading pairs in the following coins.
- BTC
- ETH
- XRP
- NEO (ANS)
- LTC
- DASH
- CLX (Coinolix Coin)
- USDC (USD pegged Coinolix coin)
We by and large will just include coins that have solid validity, client base, and liquidity.We have no plans to add any fiat monetary standards at all.More coins will be included in near future.
User interface (UI)
At Coinolix exchange We will provide cross-platform Device Coverage:
- browser-based trading platform
- Android app platform
- iOS app platform
- PC (Windows, mac, linux) trading platform
- REST API
Language support
We will support English, Chinese,Russian, Japanese and Korean on all of our user interfaces. (The very initial release will be in English and Russian only.) More languages will be added over time.
Revenue source
Trading fee: We will at first charge a 0.2% fees for every settled exchange. Different varieties of fees will be along these lines presented in future, including market maker-market taker, volume based discounts and 0 fee promotions.
Withdrawal fee: We may charge some small amount of fees at the time of withdrawal.
Margin fee: On the off chance that you exchange on margin, there might be a charge or interest on the acquired sum.
Coin listing fee: We will select coins through our verification process and make sure that the assets to be listed on the exchange are unique and can create value in future, We may charge a fee for listing new coin on our exchange.
24/7 Customer support
Rather than giving pre-designed script to the customer, we prefer to share 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: Due to high-traffic activity cryptocurrency exchanges are regularly prone with DDoS attack. We use secure distributed network of CDN (content delivery network) server that can successfully take load of good number of database request in any given moment to keep exchange services online 24/7.
Exchange audit: Our devoted Vulnerability Research Team will watch the platform execution day in and day out to keep any conceivable defencelessness attacks. We will also think of additional safety efforts as the market appropriation develops in upcoming future.
Encryption and Backup: We will use complex encryption strategies and perform day by day information reinforcements to ensure all the user data is secure. This approach moved down by decentralized foundation will enable us to secure our client’s information even in the direct outcome imaginable of hypothetical hacking attack.
Two-factor authentication: by applying two-factor authentication on top of username and password to secure users from phishing site and email vulnerability.
CLX TOKEN BENEFIT
Token holders can use CLX tokens to pay almost all type of fees including, trading fees, withdrawal fees, listing fees. CLX token holders benefits from buy back and burn program that reduces total supply of the tokens.
First year
50% discount on fees for First year
Second year
25% discount on fees for Second year
Third year
15% discount on fees for Third year
Buy back
Token buy back and burn program
CLX Token can be used as a medium of exchange as well as for paying transaction fees, trading fee, withdrawal fee, listing fees on Coinolix Exchange.
Coinolix Exchange presents New Offers for New Customer.
TOKEN DISTRIBUTION
15% Angel Investor: 150 Million CLX Token
10% Pre-Sale: 100 Million CLX Token
40% Crowdsale: 400 Million CLX Token
20% Founders Team: 200 Million CLX Token
10% Advisors Team: 100 Million CLX Token
3% Referral: 30 Million CLX Token
2% Bounty: 20 Million CLX Token
FUNDS ALLOCATION
Marketing 25%
Exchange Development 40%
Liquid Reserve 20%
Infrastructure 10%
Legal Expenses 5%
ROADMAP
March 2017
Cryptocurrency exchange technical and market research begins for next generation centralized and decentralized exchange development.
Aug 2017
Cryptocurrency trade engine finalized and review face begin for security audit and UI development of exchange.
Jan 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.
Aug 2018
Private sale start 8 Aug 2018.
Starting of Airdrop and white listing and KYC registration for crowdsale.
Sep 2018
Fiat coin blockchain development and consensus development audit.
8 Oct 2018
ICO Pre-sale Phase begins for two week on 8 Oct 2018 ending on 7 Nov 2018.
8 Nov 2018
Beginning of ICO crowdsale on 8 Nov 2018 which ends on 13 Dec 2018.
Jan 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.
CORE TEAM
PRASANNA PUNIWALA: CEO
Rajesh Vora: CTO
SHIV BHAGAT: Opration Director
BHAVESH PANDAV: Senior PR Manager
PREMAL BHAGATJI: Content Manager
DHAVAL BHAGATJI: Marketing Director
SHIVANG JARIWALA: Business Developer
JOY JARIWALA: Community Manager
ADVISORS
MIIKKA SALOSEUTU: Marketing Advisor
CARLO BUONPANE: Marketing Advisor
ASIF IQBAL: ICO Advisor
FOR MORE INFORMATION CLICK LINK BELLOW:
- Website: https://coinolix.com/
- Whitepaper: https://coinolix.com/document/coinolix-whitepaper.pdf
- ANN Thread: https://bitcointalk.org/index.php?topic=4963053.msg44749385#msg44749385
- Telegram: https://t.me/coinolix
- Facebook: https://www.facebook.com/coinolix/
- Twitter: https://twitter.com/coinolix
Author: Wong linglong3
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1229230
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