Original Article written by CryptoOrders here: https://cryptoorders.com/articles/crypto-circle-x-review/
Crypto Circle Exchange is a new cryptocurrency that is more advanced than its predecessors. Cryptocurrency exchanges are experiencing rapid growth, reflecting the ever increasing popularity of cryptocurrencies like Bitcoin and Ethereum. Yet, these exchanges contend with a number of serious issues, such as security risks, coping with low liquidity in the market, high fees, and weak support infrastructure. As most are aware, there have been plenty of high-profile hacks involving currency exchanges, some of which resulted in millions of lost assets. It’s not surprising that most cryptocurrency users worry about security. Meanwhile, the low liquidity means large orders are a lot more difficult than they should be. Fees are another problem. Some crypto exchanges charge as much as 3% transaction fee. As for support, customer service can be really slow because there is just too much traffic. There are not enough people to handle the amount of questions and concerns coming in.
I see crypto currency exchanges as a necessary inconvenience. Let’s face it: they are a hassle. Crypto Circle Exchange wants to challenge this stigma. They intend to tackle all of these problems head on. With superior technology, the exchange has the power to handle 10 million transaction per second, so they can keep up with the high demand better than most. The focus of the Crypto Circle X project is to provide users with a blockchain asset exchange that is safe, secure, and scalable, while also providing users with top-notch support. The exchange will also feature its own unique token called the Crypto Circle Exchange Coin (CCX).
The exchange has a matching engine written in GoLang that can process millions of transactions at once. With a 40-second latency, it is about 100 times quicker than Nasdaq. Because Crypto Circle X can process a much higher volume of transactions, there is a much less possibility that users will find themselves waiting because the network is overwhelmed by the amount of trading going on. Crypto Circle X can even handle a much higher volume than popular exchanges like Binance and Bitfinex. This impressive technology advancement is by far my favorite aspect of the Crypto Circle x platform.
There is no trade-off between speed and quality. The performance is high-quality. This has a lot to do with the platform’s use of Google Language. Compared to Java and C++. Google Language is better because it works well across many different operating systems, has a high level of efficiency, and is more accurate.
One of the highlights of the exchange is how secure it is. Passwords are never stores so users don’t have to worry about confidential passwords ending up in the wrong hands. Plus, private and personal information is encrypted via AES256. The platform also utilize 2-factor authentication.
The exchange will be able to support a number of different order types, including limit orders, stop-limit orders, and market orders. More will be added in the future. I expect that the support options will be quite versatile. The exchanges will launch in several different formats, including API, iOS, Android, and Windows. It will also support a diverse selection of languages, such as
English, Chinese, Italian, German, Hindi, Russian, Romanian, and Spanish.
The exchange will initially support BTC, Ethereum, and CCX. It will also support the Euro, although other fiat currencies will likely be integrated into the system later on. The network is equipped to handle as many as 600 different types of currencies, so users can expect a variety of available cryptocurrencies in the future. Crypto Circle X will also let users cast their votes from time to time so they can give their input on what currencies they want to see on the exchange. I like how the team wants to include the users in important decisions. It already has a community feel.
The exchange fee is 0.2% per trade. The withdrawal fee depends on the cryptocurrency being withdrawn but the amount is miniscul. There could be other fees associated with AI services and listings, but the Crypto Circle X seems committed to keeping fees low. 0.2% is substantially lower than the exchange fee on most of the popular crypto exchanges right now.
The CCX token has a total amount of 300 million, and the total amount is set in stone. 75% will go to the token sale. 5% will go toward bounty. 5% will go towards bonuses. 15% will go to the Crypto Circle X team. The funds raised from the ICO go towards operations, marketing, legal fees, and development—with the bulk going to development and operations.
The soft cap is $3,000,000.00 USD. The hard cap $20,000,000.00. The currency you need to purchase is Ethereum. 1 ETH equals 5,389 CCX tokens. The private sale runs from August 13th through September 17th. The pre-sale runs from september 17th through October 22nd. The crowdsale runs through October 22nd through November 26th or until the hard cap is reached.
Overall, I am excited about this new cryptocurrency exchange. The other cryptocurrency exchanges I have used have been slow and inconvenient. I look forward to having one I can trust will be speedy regardless of how much traffic is on the network, especially since the network is also highly secure. Having to keep track of which platforms are vulnerable to hackers is one of my least favorite aspects of the crypto-market.
All information found here, including any ideas, opinions, views, predictions, commentaries, suggestions are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. Conduct your own due diligence, or consult a licensed financial advisor before making any and all investment decisions.
