MARKET OVERVIEW
The cryptocurrency industry is now a mainstay of the financial industry. Despite the recent decline, the industry has had exponential growth. The industry grew by over 2000 percent in 2017. The industry was worth only $17.7 billion at the start of 2017, but by the end, the industry had grown to a market capitalization of $600 billion. Currently, the industry has been fluctuating at between $250-300 billion in capitalization.
This increase is also seen in the volumes of cryptocurrencies that have been traded. Bitcoin and Ethereum are the two largest cryptocurrencies, and a look at their use can provide insight on the rising popularity of cryptocurrencies. The total number of Bitcoin wallets shows that there are 24 million wallet holders. This means that around 24 million people around the world have Bitcoin wallets.
Another statistic that can be reviewed is the number of active users on the different platforms. At its peak, there were over a million active Bitcoin users daily. The number has slightly waned to around 300-400,000, but this is still an indication that a lot of people are using Bitcoin for daily transactions.
The biggest allure to the cryptocurrency industry is the investment opportunities that it offers. Unlike the Forex market, the cryptocurrency industry has some attractive spreads that maximize earnings for investors. As a result, many investors are willing to invest in the industry because of the potential earnings that they can get. Additionally, the industry has been propped up by the numerous different ICOs (Initial Coin Offerings). These coin offerings allow investors to buy coins or tokens from a cryptocurrency platform while it is in its starting up and then HODL the tokens till the value rises. This has made some traders millionaires.
Since it is a rapidly growing industry, it presents numerous different opportunities for investors. One of these opportunities is the need for decentralized exchanges. Exchanges are the gateway to the cryptocurrency industry. However, many of them are centralized. The result has been pressure from governments that are trying to regulate the industry through these exchanges. An investment opportunity that exists is investing in decentralized exchanges. These are the future of the cryptocurrency industry because they offer the same privacy and security that cryptocurrencies themselves offer.
There are many other investment opportunities in the cryptocurrency industry. One of them is the cryptocurrency mining or staking. This involves providing consensus for cryptocurrency blockchains. This may be hardware intensive, but the rewards are guaranteed based on the payout that is provided by the cryptocurrency. It offers a risk-free way of investing in cryptocurrencies if trading or Hodling are not your taste.
Exosis is a blockchain platform that seeks to provide users with an ecosystem where they can invest in the cryptocurrency industry with ease. The developers understand the potential of the cryptocurrency industry as well as the risks associated with investing. They decided to create an ecosystem where investors can invest in the industry risk-free while providing a new cryptocurrency that is more functional. This is achieved by combining five different cryptocurrency businesses into one. This provides utility for the Exosis coin while offering users an opportunity to earn in different ways. These four businesses are a decentralized exchange, a virtual masternode, a decentralized e-commerce site, an OTC platform and an e-wallet for users.
These five different platforms in one will run on Exosis coin.
The only way to succeed in the cryptocurrency industry is by differentiating yourself from competitors. Most of the altcoins are Ethereum-based coins that only offer one of the highlighted businesses. Unfortunately, this means that investors have to speculate a lot. Such coins are driven more by demand and supply trends making them volatile. Exosis hopes to be different by first relying on its own mainnet. This allows us to control the security and the scalability of the platform truly. Second, having five different businesses on the same platform provides the Exosis coin with utility. The coin will be used to pay transaction fees on these five different sites creating a constant demand for the coin. This will enable the Exosis coin to appreciate. The coin will be less volatile and more lucrative over time making it the perfect coin for Holding. The passive income opportunities for these businesses will also endear investors who want to make a consistent profit on their investment with relatively low risk.
As highlighted, this is not simply a platform that relies on one business model. It is an ecosystem with five different business models linked to the same platform. As a result, the separate businesses all have district features.
DECENTRALIZED EXCHANGE
A decentralized exchange will be one of the core components of the Exosis ecosystem. Recently, there has been increasing challenges facing established cryptocurrency exchanges due to increasing regulation, security issues, and order processing speeds. The Exosis exchange is a decentralized exchange. A decentralized exchange is a decentralized market that does not rely on a third party service so as to hold customer funds. The exchange will be completely anonymous and decentralized which means there will be no government involvement.
Trading Fees
ORDER PROCESSING
Order processing is an important part of a cryptocurrency exchange. The Exosis Exchange order processing will be made more efficient to ensure top quality for our service. Blockchain based exchanges have lower order processing speeds which lower the quality of services. The Exosis exchange will have order processing speeds of 10,000 transactions per second. This means that our service will be faster than other Blockchain based exchanges which normally have order processing speeds of up to 2000 per second. We won’t run on blockchain order processing based on the blockchain technology is 200/minutes based on the block generate time.
DECENTRALIZED CHAT
This will be an integral part of the exchange where our users will be able to rate each other. This is where users will have the power to up vote and down vote each other. This system will ensure that users trustworthiness will be based on users vote score and if the vote score is negative such users will get an automatic ban from the chat. It is important to note that there will be no restriction on the posting of content. Users will be free to post any type of content since other users will be able to up vote depending on the quality of one’s content.
AUTOMATIC DEPOSITS AND WITHDRAWAL OF FUNDS
Exosis exchange will have a system of ensuring automatic deposits and withdrawals. Also, we will have no control over the user’s funds. The automatic deposit and withdrawal feature of our platform will enable users to convert.
COIN LISTING
Our platform will have a coin listing feature. This feature will allow for listing of a coin after vote ranking, but the software of the coin will be checked issues and compatibility. This particular component of our platform will allow for enough liquidity in our ecosystem since the listing of new coins in exchanges brings in a lot of liquidity. For new coins aiming to list on our platform, we will ensure we carefully check for software so as to ensure the safety of our clients.
TRADING API (FOR TRADERS AND MERCHANTS)
Our platform will also provide a trading API that can be used by both merchants and traders. This trading API can be integrated into auto trading bots and then the merchant API which can be used by merchants to integrate them into their businesses. This will enable them to collect payments through Exosis. This is a very important feature of our platform since APIs are omnipresent in today’s financial ecosystem. It is a program that enables one software application to interact with another. In this case, a trading API for the Exosis exchange will allow for traders to employ their trading bots. This is particularly useful for traders who run their own algorithmic models on their trading systems and want to receive live pricing and be able to execute trades, either manually or automatically. Also, merchants will be able to use our API to collect payments from their customers using Exosis. This feature, therefore, will have the potential to bring in a lot of users to our platform.
SECURITY
Since the evolution of cryptocurrencies, exchanges have faced severally security issues. Security is the single most problem that affects cryptocurrency exchanges. For instance, the incidence with Mt. Gox cryptocurrency exchange that went down. In 2015, a Hong Kong based exchange, MyCoin shut down and about $386 million worth of cryptocurrency disappeared from the company. In another case, GBL a cryptocurrency exchange based in China went offline in 2013 and disappeared with users’ cryptocurrencies. Exosis understands the need for an AA+ level of security which is very important for users to trust our platform. The A+ security that we will provide on the Exosis platform can be checked on Mozilla observatories such as X-XSS, X-Frame, CSRF, CSP, CORs HPKP, HSTS, and secure cookies. This way our users and prospective customers can always check our levels of security, just to make sure we have adequate levels of security that can handle their transactions and cryptocurrencies safely.
ICO GOALS AND ICO ALLOCATION
The main aim of the ICO is to support the development of the entire blockchain as well as the individual projects. The firm will start with an initial 21 million Exo. From this, 2 million coins will be pre-mined. The pre-mined coins will be used to prepare for the main ICO. There will be 10 percent used for referrals, 10 percent for bonuses, and 10 percent for the bounty while the rest will be distributed for social media, other listings, and marketing. The rest of the ICO funds will be allocated to the following different functions. There will be 50 percent that will be reserved for market back up, 30 percent that will be used for promotion and advertisement while the remaining 20 percent will be used for development.
From the 50 percent market back up, 25 percent will be used to generate free coins that will be used to prevent market dump. These free coins will be used to pay miners and virtual master node, operators. Every year, the platform will generate 0.5 million coins and a monthly 43, ooo coins. The listed price will be $5for every Exosis coin. Miners will receive 5 coins for every block that gets added to the blockchain.
This will be shared 90-5 between the master node and node miners. Another allocation that will be offered is a free trading discount. Traders using the exchange will get discounts based on the following table.
Our objectives include:
Our goal is to invest in an unlaboured experience where everyone has an equal opportunity to participate and coin purchase, away from any form of frustration. This is expected to influence the much-needed boost to the community.
COIN SPECIFICATION
Once the main ICO is complete, we will immediately launch the Virtual master node site immediately to provide users with the opportunity to run virtual nodes.
The ICO will be launched before the end of the year, and it will run until the end of November 2018. At the beginning of February 2019, we will launch the decentralized exchange to start providing services to the users who want a safe place to trade. In May 2019 we will launch the decentralized e-commerce site. This will allow users to buy and sell products online through the Exosis decentralized e- commerce site. In August 2019, we will launch the OTC platform, allowing individuals from similar localities to trade fiat and digital currencies with ease.
This will support the decentralize exchange by providing a direct route for people to withdraw or invest in the cryptocurrency market. In November 2019, the e-wallet will be launched with multiplatform support. It will be available on Windows, MacOS, and Android and iOS systems.
