Every crypto enthusiast understands the essence of exchanges on blockchain. Exchanges are to blockchain what supermarkets, markets, and banks are to us in the real world. Exchanges are the platforms on which we can trade and/or acquire crypto assets. They enable the flow of cryptocurrencies on blockchain.
However, the problem with most exchanges is the fact that majority of them are somewhat illegal. These exchanges are not licensed by government authorities to offer their services to public. Often times, this situation poses problems that result in loss of investors’ funds. For instance, in a bid to shy away from complying with government regulations of a country, an exchange might choose to cut off its users from that region by freezing their accounts in which case, they would neither be able to access nor withdraw their funds from such exchanges.
Also as a matter of fact, centralized exchanges are often susceptible to fraud. In centralized exchanges, exchange owners take control of users funds. They control users’ private keys which is a gateway to all their data including personal information and assets. Consequently, they often unlawfully steal or extort funds from their users at times without the users’ knowledge. Centralized exchanges also often have loopholes in their security system owing to the fact that all their operatins are done with a single computer. This oftern creates and invite to hackers who delight in hacking exchanges, intruding accounts, and inflicting pains on users.
Not forgetting reported cases of exchanges suddenly disappearing entirely with users funds. All because they have been illeal right from the onset.
The bottom line is that all these negativities create bad impressions of blockchain and ultimately scare investors from investing even in very good and viable projects on blockchain.
Epiphany aims to grow into a major player in cryptocurrnecy trading by offering an intelligent, transparent, and secure global trading platform. The platform has a user-friendly interface that is meant to create a relaxed and easy trading environment for all.
Epiphany has classic features that would foster excellent security on the platform. Some of these are: multilevel security measures set up to check every form of fraudulent activities on the platform and protect users’ accounts from unauthorized access. It would give users absolute control of their private keys, hence, they would be solely responsible for the safety of their accounts. Epiphany would have unflinching compliance with regulatory authorities. Brokerage services would be in place to offer consultation services to investors. Also, there’ll be a semi-exchange where licensed companies can list their products and services, etc.
All these added up would ultimately help reduce risk factors associate with trades and blockchain, check crime on the platform, make the epiphany platform legit, and make it possible for investors on the platform to invest with ease of mind.
Epihany project has no ICO, its tokens are distributed through presale and bounties rather. The exchange will be open for operations next month, August, 2017. So stay tuned to the project.
Please visit epiphany website for more information on the project: https://www.epnex.io
Read their whitepaper here too: https://bit.ly/2tz5AyP
You may also sign up for their bounty which is managed by bounty0x to get some free tokens before the exchange goes live. Visit here: https://beta.bounty0x.io/profile
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