OVERVIEW
Since the discovery of blockchain technology, developers have created thousands of cryptocurrency that focus on various economic sectors such as energy, agriculture, banking, shipping and many others. At present, the cryptocurrency market capitalization is valued at more than $ 610 billion. Despite the fact that the cryptocurrency market is still a growing market, there are more than 1500 cryptocurrency at present and many more to come. However, this cryptocurrency faces countless challenges such as listing on the exchange, difficulties in trading, high volatility, safe transactions, coin storage problems and high risk involved among others.
Cryptocurrency Exchange is an online platform where you can exchange one cryptocurrency for another cryptocurrency or sometimes for Fiat currencies. Cryptocurrency exchange is a third party platform that can be bought or traded with Cryptocurrency. Cryptocurrency can be exchanged with Fiat or Cryptocurrency differently in exchange. There are Cryptocurrency exchange variations depending on the type of service they provide. They can be peer-to-peer trading, exchange or broker platforms. In determining exchange, factors such as security, speed, cost, purchasing process, ease of use, effective customer service, etc. need to be analyzed.
There are two (2) types of cryptocurrency exchanges; Centralization and Decentralization of exchanges.
Centralized Exchange: A centralized exchange is an online cryptocurrency platform that utilizes third parties or intermediaries to make transactions no matter the assets that might exist. Just as customers trust banks to hold their money, traders trust these brokers to operate in a centralized exchange to handle their assets.
Decentralized Exchange (DEX): A decentralized exchange on the other hand is an online cryptocurrency platform that eradicates middle people, and restores control and security of assets and private keys to their respective owners. Decentralized exchanges can be referred to as "environment without trust."
PROBLEM STATEMENT
There are so many cryptocurrency exchanges in the world today, and many of them receive crypto for crypto trading partners.
Here are some of the problems facing crypto exchanges today.
High Trading And Withdrawal Fees: Popular exchanges can charge fees between 0.9% and 3% in fees.
Security: So many exchanges do not have strong security to protect user assets.
Support Services Bad customer: There are so many crypto exchanges that have poor customer support services and don't reply to complaints and questions from users on the platform
Introducing the Saturn Black Project: A decentralized platform for cross-chain exchanges directly from legal and secure crypto assets for crypto market players
About Saturn Black
Saturn sends Exchange and OTC stages to Cryptocurrency that depend on the Swap trade cross-chain conventions. Trade plan for traders, financial specialists, organizations and intermediaries.
Saturn Black is a platform for cross-chain exchanges directly from cryptographic assets. Distributed Protocol - Symbiosis of the Convenience of Direct Atomic Exchange and Reliability of Third-Party Guarantor Legal and safe transactions for players on the cryptographic market. Objective: To create a qualitatively safe market, safe for new assets that are encrypted.
Our vision
Saturn will also offer P2P exchange services to traders, investors, businesses and brokers, help solve the encryption market, and help find new ways to increase land liquidity because each user evolves together. I also conducted a series of studies. On this platform, each project receives an audit and liquidity from the token version. Future goals are part of a market strategy, where each element will break down as a community of encryption players, creating new markets that offer a smooth and free market.
Most markets rely on changes and the volume of specific competitive offers. Saturn creates an increase in market demand for safe time assets along with alternative traditional cryptography, special trading for different amounts, compensation services, Bitcoin, and provides direct contact between sellers and buyers.
Benefits
Saturn independently provides bilateral liquidity to many assets. It will benefit from the price. The swap protocol for exchange fees is different from other exchanges. There is a 0.2% surcharge for each transaction, 0.5-5% for over-the-counter transactions, and 1-5% for auction transactions, but the final cost is determined at the market launch.
The liquidity marker model is based on flexible exchange options from more than 300 crypto assets within the framework of the Saturn platform, with free XSAT conversion being the main asset quoted. Bitcoin, Ethereum, USD. The team will use the funds raised in exchange with XSAT tokens to ensure the liquidity of the assets requested by the community. For this purpose, 51% of the total assets collected are used.
General sales
XSAT public sales took place in January 2019. Because teams have to do a lot of work at all stages so far, it is not possible to accurately determine the start date of public sales. At the stage of public sales on the Saturn platform, the acquisition of XSAT tokens will be available in return for around 300 encrypted assets.
At each stage, the price of XSAT and a list of received encrypted assets are different. The latest information about cost changes and the start of a new phase is available on the project website.
After completing the sales token, the Saturn team will continue to implement road map articles. XSAT tokens can be traded on our platform after a full sales token. Also, during project implementation, XSAT will be used in general cryptographic exchanges, following the principle of reasonable prices.
Token details
Token: XSAT
Standard: ERC20
Amount: 1,000,000,000 XSAT
Platform: Ethereum
The direct atomic exchange protocol allows the exchange of cryptographic assets, and initially blockchain is not compatible without the participation of third parties. For example, using atomic transactions, you can exchange Bitcoin with Litecoin directly from the wallet. The swap swap protocol guarantees that the parties can make or cancel this transaction if the provisions of the bilateral transaction are not fulfilled.
The Saturn platform launched a token sale to build a liquid market for less liquid cryptographic assets. As part of the launch of the Saturn platform, 1,000,000,000 XSAT was released, of which 750,000,000 were offered for purchase as part of the sales token.
Roadmap
Escrow -> December 2108
Saturn - secures legitimate exchanges between crypto resource owners with external guarantees - direct trading conventions.
OTC cross exchange -> December 2018
Selling and buying lots of crypto resources is no longer a problem. Safe prescription-free exchanges through the nuclear mexchange convention (from wallet to wallet) are very important for very large crypto resource holders, early financial specialists and colleagues from the new blockchain company.
OTC Sales -> 3Q 2019
Buy and sell many of the best cost crypto resources proposed. Security exchanges, arrangements for execution of requests and low commissions will make the display for traders or buyers more open and safer.
Nuclear exchange exchange -> 4Q 2019
Saturn sends P2P exchanges depending on the swap.online convention. Saturn is extra liquidity for cryptactive resources with low liquidity, safe cross trading and an interface that helps in your program.
Transactions with EURO and USD -> 1-3Q 2020
Saturn tried to make a basis for cash trading
all titles: nuclear trade, cross-sale exchanges that are sold freely, free-sale sales.
Team
Useful information for you to visit:
Website: https://saturn.black
Bitcointalk utility: https://bitcointalk.org/index.php?topic=5075635.0
White Paper: https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-eng-1.0.1.pdf
Facebook: https://www.facebook.com/Saturn-Black-200220127527617
Twitter: https://twitter.com/saturn_twitt
Instagram: https://www.instagram.com/saturn_xsat/
Blog: https://saturn.black/blog/
The official Telegram Group: https://t.me/saturn_ENGchat
Author: Joseph Cristian
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2122240
My ETH address: 0x8f0A94f868871EE4ccd00AFaAe3AcB3f0c2A27aA
