A digital asset is any text or media that is formatted into a binary source and includes the right to use it. Digital files that do not include this right are not considered digital assets. A digital asset can range anywhere from motion pictures to documents and any other type of data. The use of digital has grown exponentially since its debut in 2008; it reached an all-time high of $20,000 in December 2017.
Cryptocurrency uses an encryption procedure to control the generation of units and validate the transfer of assets within seconds, unlike the traditional method that is time-consuming. Traditional banking methods are faced with numerous complexities that will be mentioned by me as we proceed.
#catex is the acronym of #catexchange which was founded in the third quarter of the year 2018 (August), catex is the first exchange of its kind, that statement might sound like an exaggeration but it’s not I’ll explain every bit of what I mean by that. Traditional trading exchanges are not concerned with the affairs or interest of their users. All they’re concerned with is how to feed on assets of their customers by demanding extortionate services charges from them.
Catex is the first exchange that will be managed by its community members, what this means is that before any decision is implemented community members can vote and those with the highest number of votes win. The team of #catex has decades of expertise in this business and they are also blockchain technology enthusiast who has studied and mastered all things cryptocurrency.
With the creation of the blockchain technology, a vast number of cryptocurrencies has been launched, these coins or tokens creators face a lot of challenges with listing on exchanges. Centralized cryptocurrency exchange is those exchanges where buyers and sellers (traders) meet to exchange digital assets (a vast range of cryptocurrencies) and FIAT (government issued currency.). Most centralized exchanges charge exorbitant fees for listing, the problem of low liquidity, users don’t get the best customer experience, and cases of frauds, hacks, and loss of funds deposited are reported on a daily basis.
Most exchanges that are not security conscious unknowingly gets hacked, and users lost their pre-deposited funds on the exchange due to this their inefficiencies. Without setting the right security parameters in place users get phished when they try logging into their accounts. Accessing accounts, making deposits and withdrawals, transferring funds, trade executions consumes the time of users in most exchanges and this can be frustrating when there is an urgent need, most times users lost profit due to such delays. KYC/AML (know your customer/anti-money laundering.) procedures is a major issue; and it takes months and sometimes months to get verified on most exchanges.
#catex created a mobile application that has a great interface and most importantly user-friendly, the mobile application is easy to navigate and is available on both Android and Apple download stores.
#catt is the acronym of #catextokens which was created on the ethereum blockchain thus making it erc-20 compliant. Catt will be used as the standard cryptocurrency for all executed transactions on catex, using catt will attract discounts on service fees when trading. Catt can be bought or sold presently on catex, to preserve the token value, the team has decided to initiate a buyback and burn program and no other token will ever be created, mined or minted.
On February 15th, 2019, an amazing news was shared 
NAME: CATEX
TICKER: CATT
NETWORK: ERC-20 COMPLIANT
TYPE: UTILITY
TOTAL SUPPLY: 1,975,516,624 CATT
DECIMAL: 18
CONTRACT ADDERESS: 0x6e605c269e0c92e70beeb85486f1fc550f9380bd
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★ BITCOINTALK PROFILE: TIVERE
