ExToke is a decentralized cryptocurrency exchange designed to fill in the gap created by the underperformance existing in centralized digital currency exchanges. ExToke has been set up to create a platform through which traders of tokens can achieve their trading objectives without being charges fees for every sale.
It has created a system in which buyers and sellers can trade their cryptocurrencies without bothering whether the exchange is charging too much fees through the introducing a zero fee trading platform. This implies that buyers and sellers of different coins would trade them on ExToke free of charge thereby earning optimum profit.
The project is aware that the fees charged by exchanges can add up to substantial amounts. This is why it has created a peer-to-peer platform that users can leverage to maximize gains.
The ExToke project is decentralized unlike most exchanges that use centralized deposit and withdrawal system. This is a sure way of securing traders funds from hacks because the funds are with the owners and not the exchange.
Most popular exchanges are centralized.
This centralization has downsides, prominent among these is the seeming recurrence of hacks resulting in losses that impact operations as witnessed in the Mt. Gox hack of 2014. In recent times, hacks of exchanges such as Coincheck, Coinrail and Bittumb has cost the coin market billions of dollars in drop in capitalization. All these hacked exchanges have one thing in common; that is the centralization of deposits which makes funds prime targets for hackers.
Whenever a centralized exchange is hacked, it results in losses to the business and if the loss is enormous, it impacts the traders and other users because the exchange is unable to repay them. This is a hazard faced by centralized exchanges due to the fact that they hold a large pool of funds in a manner not different from the banks.
This also is contrary to the decentralization ideology behind digital currency, a concept which discourages central pooling of funds.
ExToke is completely decentralized and uses the peer-to-peer network to surmount the challenges of existing exchanges. This implies that users do not deposit funds with the exchange as applicable in centralized platforms.
Every user keeps their funds and only exchanges them in trades using the platform. This makes ExToke safe and secure for traders, as there are no incentives for hackers to attempt hacking the platform.
The platform is completely free to use, so traders do not worry about transactional cost of their trades as applicable with centralized exchanges.
The ExToke decentralized exchange has created the platform to enable the crypto community experience full decentralized exchange that is free to use, as well as act as a channel through which new tokens can be accessed by users and traded.
With new tokens launched weekly, the bounty hunter needs ways of keeping track, purchasing and trading these tokens. The ExToke system enables ease of acquisition and trading of these tokens.
Purchase Tokens @ https://extoke.com/tokensale.html
Website: https://www.extoke.com/
Whitepaper: https://www.extoke.com/white-paper.pdf
BitcoinTalk [Ann]: https://bitcointalk.org/index.php?topic=4656956.0
Telegram: https://t.me/extoke
@justiceforallBitcointalk user: Mr.Ease
User link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xEa67d5856b48925972a9f3d6D9b923593B8B16a6
