The importance of technology to the human race cannot be overemphasized, as it plays a major role in the development of civilization and the society. It's advancement and evolution ushers in new innovations and inventions that solves many of human problem and also drastically ease our daily activities.
The invention of Blockchain technology is the big game changer in the world of technology, marking the beginning of the decentralized age. Companies, nations and businesses are increasing adopting the Blockchain in order to get that innovative touch and also competitive advantage.
With the increased recognition and adoption of the Blockchain and cryptocurrencies taking the centre stage, the role of exchanges at providing trading services have never been weightier. There are presently hundreds of cryptocurrency exchanges (both centralized and decentralized) providing trading services for traders and investors. While these exchanges have been doing an amazing job, investors are still encountered with some problems which makes in a little exacting to trade cryptocurrencies.
In this article, I will be evaluating a cryptocurrency project that seeks to solve the problems encountered by traders and investors in the course of trading ERC-20 tokens. This amazing project is known as Ethershift.
Introducing Ethershift
Ethershift is an ERC-20 token trading platform that provides investors with the easiest and fastest way to procure new and rising ERC-20 tokens before they get listed on big exchanges. Usually after a project completed it token sale, the team distribute the tokens to the investors who will have to wait for it to get listed on exchanges before they can trade them, which might take time depending on the team discretion. The effect of this on the investors is that it ties down investor’s money and also investors that miss out on the token sale tend to miss out on the big profit by having to buy on the big exchange. Ethershift offer investors the opportunity to trade up and coming ERC-20 tokens the moment they are distributed from the token sale.
Challenges with existing cryptocurrency exchanges.
There are mainly two categories of cryptocurrency exchanges, which are known as the centralized exchanges and decentralized exchanges. They both have their features, spec and challenges which differentiate them.
Decentralized exchanges
Decentralized exchanges are the exchanges that are built on the blockchain and operate without a central authority (i.e are decentralized). They enhance peer to peer trading of cryptocurrency and are usually the first destination for ERC-20 tokens. Despite their amazing features, they have a reputation of complex and complicated usage for investors and traders (especially new traders). Aside from the issue of complexity, they are also plagued with increased trading cost that occurs as result of switching different trading pair to trade different tokens.
Centralized exchanges
Centralized exchanges on the other hand do not offer high privacy like the decentralized ones due to the verification requirements traders have to fulfill before they can trade, which defeats the whole Blockchain anonymity purpose. These exchanges are not also immune of the same challenges that plague their decentralized counterparts.
Ethershift innovative solution
Ethershift is an innovative platform that will solve the issues encountered by traders and also provide them with the easiest way to trade and acquire ERC-20 tokens. Ethershift eliminates the problem of verification requirements, high trading cost and complexity of exchange through its Ethershift Scan & Go Feature.
Ethershift Scan & Go
This is an amazing feature offered by Ethershift, which makes it possible for traders to trade ERC-20 tokens by simply scanning barcodes. It eliminates the issue of kyc or personal information collection, high trading fees and usage complexity encountered by traders.
How it works
A trader who wants to buy a ERC-20 token can simply do so by clicking on the token he wants to buy on the Ethershift platform. After clicking, a barcode will show up which the trader will be require to scan and then input the amount of tokens he is willing to purchase and the token will be bought and receive within some minutes. It has never been this easy!!!!
Consult the following contacts for more information about the project
Website: https://ico.ethershift.co/
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4965937.0
Telegram: https://t.me/ethershiftco
Whitepaper: https://ico.ethershift.co/wp-content/themes/ethershift-ico/downloads/ethershift_whitepaper.pdf
Twitter: https://twitter.com/ethershiftco
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1633818
Disclaimer: This article is nothing more than my personal opinion and evaluation about this project and should not be considered as an investment advice. I suggest you do your own research or meet your investment advisor before taking making any investment.