CHANGENOW CRYPTO-CURRENCY EXCHANGE
In crypto-currency exchange, the custodial and instantaneous (instant) are the prominent types today.
The custodial exchange method saves customers crypto-currency in their framework, while the instant exchange method does the exchanging processes immediately without storing them.
Now let's look at ChangNow.
#ChangeNow is an avenue or a platform made available on the web in order to make crypto-currency exchange easy and vivid.
ChangeNow as a decentralized platform for crypto-currency exchange which operates on the instant exchange method leveraging the use of decentralized technologies...
This platform is designed to take the trade in crypto-currency to an improved and a transcended position.
THE PROBLEMS FACED IN THE CRYPTO-CURRENCY EXCHANGE MARKET
There are lots of challenges hindering the efficient operation of the crypto-currency exchange market.
Let's ponder over these.
CENTRALIZATION
The centralized system of the crypto-currency exchange is still impeding the productiveness of the crypto-currency exchange market.
Most industries created with the idea of a decentralized system still go on encompassing lots of centralized services into their system, thereby disappointing and taking full control of customers fund just like in a centralized system (monopolizing the system).
SECURITY THREATS
The security threat is not far-fetched, lots of platforms who practice the custodial crypto-currency exchange method are not totally secured as they are at the mercy of cyberpunks popularly known as hackers.
Then there is a risk of blunders and omission by personnel as well as technology failure which gives room for the opportunity that endangers customer's money.
ABSENCE OF TRANSPARENCY AND CLARITY
Lack of transparency is a problem which is still eating deep into the fabrics of crypto-currency exchange even till date.
Many platforms promised transparency to their customers but are still concealing transaction details and system operation, this breeds doubts, increases the potentiality of scam and wards off prospective customers.
INACCESSIBILITY
One of the major challenges of crypto-currency exchange market is that as a young platform in today's world, dealing with the verification processes makes it tedious for customers mostly novices.
So the whirly nature of the system makes its accessibility tough and difficult.
INEFFICIENT CUSTOMER CARE SERVICES
Most times customers are given little or insignificant attention such as an improper response, lengthy wait time, and lousy answers; this results from the ineffectiveness of the support team as well as developers.
WHAT BETTER SOLUTION DOES ChangeNOW OFFER?
ChangeNOW focuses importantly on a decentralized crypto-currency exchange market, this platform is created in a way that will give the customers prominent access to their funds.
Addressing the issue of security, the instant crypto-currency exchange method of this platform (ChangeNOW) helps reduce security risks and plan to utilize the technologies of the decentralized world to reduce the tendency of omission as well as its dangers.
The ChangeNOW support team is doing a great job making sure that customers are attended to effectively.
ChangeNOW is out to improve the accessibility of the platform by making every detail available in order to aid customers in their transactions. Hence, facilitating transparency and clarity.
ChangeNOW TOKEN
The ChangeNOW token will be created and launched on the Ethereum blockchain with ERC20 standards and thereafter gradually to ChangeNOW customers.
CONCLUSION
ChangeNOW provides an instant crypto-currency exchange service which facilitates safe, efficient and easy service.
They tend to reduce the wait time of exchange services and promotes transparency.
Useful Links
| AUTHOR | |
|---|---|
| Bitcointalk Username | Cosmicart |
| Bitcointalk Link | https://bitcointalk.org/index.php?action=profile;u=1633177 |