CATEX EXCHANGE OVERVIEW
Many times, we often ignore good projects due to our past ugly experiences of being defrauded so many times.
Are you tired of cryptocurrency exchange that are false, tired of fake exchange platforms, do you feel you are paying so much exorbitant fee on exchange platforms and don't get the value of what you're paying for?
All these experiences can be wiped off no Matter how many times. especially investors must have gone with investments so far. Do not worry, there is a huge project that will take away the fears and damages other cryptocurrency has incurred and that is CATEX EXCHANGE PLATFORM.
What Catex Exchange Is All About
Catex is a mining exchange platform that gives users the opportunity to mine their tokens with the intention of getting incentives to manage transaction costs.
Catex differs from the other exchanges with its strategy of focusing and listening to its community demands. There are multiple telegram channels and groups (English as the native language, Turkish, Korean, Arabian, Indonesian etc) created to listen to the community demands. Catex exchange goes as far as knowing what the issues of investors are and takes it as a point of duty to proffer solutions.
Sequel to this, we have forums where every interested in Catex comes together, that way Investors can ask their questions and give freely their advices in these groups. The questions coming from the investors are answered rapidly and the advices are noted to be discussed by the management. The management discusses these advices in an acceptable time period and make intellectual development if needed. After these discussions and development, the investors advices are published as the new rules as soon as possible.
Remember, Catex is an exchange platform, therefore, it is developed because of the problems associated with cryptocurrency minning such as the power consumption and the cost of mining and has come to curb such problems as we will see on the next read.
Goals: The major goal of Catex is to trade for free and for every transaction to be easily done.
Referral System: Do you know that you can get a lot more on Catex by referring? This exchange gives 10% referall bonues whenever your referral trade on the platform.
Mining: There is nothing as beautiful as mining with speed and efficiency. Catex exchange gives you 5% bonues which is better than the market price.
Dividend: Catex distribues 90% of all mining earned from trading fees to Catex token holders.
BuyBack: On the same vein with others, Catex exchange also allows dividend pool and voting.
The amount that the buyback account received is based on the locking level of the exchange users. The share of the buyback account is calculated as follows:
*40% share of users that had locked for 7 days with 50% dividends.
*30% share of users that has locked for 15 days with 60% dividends.
*20% shared of users that has locked for 30 days with 70% dividends
*10% share of users that has locked for 45 days with 80% dividends
*0% share of users that has locked for 90 days with 90% dividends.
Security: The importance of security cannot be over emphasized when it comes to blockchain technology, Catex cares so much about security that is why the 2FA code is used to login. This will help tackle any form of hacking or inappropriate logins on the platform.
In conclusion, Catex Exchange is a welcome idea unlike other projects that has made away with investors money. With Catex, it is a win-win opportunity.
THE TOKEN AND USES
CATEX created a utility token on the ethereum blockchian called CATT. This token is meant to serve as the major driver of the CATEX ecosystem. CATT is used for several purposes such as:
CATT is the token given back to users as bonus for trading on the platform
It is the coin traders mine on the CATEX platform
Payment for other rewards and incentives on the platform
BENEFITS OF TOKEN TO HOLDERS
In holding CATT there are some great benefits attached to it, such as:
Holders of CATT are the only users permitted to enjoy dividend shared by the Exchange. And a user must hold at least 200 CATT in his account to be entitled to this benefit.
Due to the fact that the price of token is controlled, Holders are bound to make good profits from their investments.
CATEX token burn program has helped the total supply to reduce from the initial amount of 10b last year to about 2b token presently. This is good news to holders as the value is increasing.
THE TEAM
Good enough, CATEX has the best management team I have seen recently in the cryptoworld. It will interest you to know that despite their great experiences and tight schedules, they are very accessible to users. This is because users can freely communicate and share their views with the three core team members on telegram.
CONCLUSION
In my opinion, I will say this project is a dream comes true for every crypto enthusiast either as an investor, trader or miner. The unique advantages of CATEX are such that are not found on other Exchanges. In other Exchanges, traders pay a huge amount as trading fees and got nothing in return, but in CATEX as we trade, we are paid for trading. This is a great idea that will in the nearest future attract so many individuals as well as organizations to CATEX Exchange and the cryptoworld as a whole. Join me and be a part of this great community and you won’t regret it.
However, since this article could not capture all the unique features and information concerning this project, I therefore advise my readers to visit CATEX website https://www.catex.io/ and social media for updates and more information.
THE CORE TEAM MEMBERS
Howecver, it is unfortunate that despite the disruptive features of the blockchain Technology only a few percentage of the global population have adopted the use of cryptocurrercncies either as traders, investors or miners. The reason for this slow adoption could be attributed to several challenges which do not allow the potentials of this technology to fully manifest.
Nevertheless, every crypto trader or investor wants a trading platform where he or she could comfortably, securely, reliably and effectively trade or mine his or her cryptocurrencies for profits. Although as I am writing this article we have hundreds of cryptocurrency Exchanges both centralized and Decentralized, and we also have some mining platforms , yet unable to satisfy the needs of crypto traders and miners globally, hence the neccesacity of creating an innovative trading and mining platform such as CATEX.
SOME CHALLENGES ASSOCIATED WITH OTHER TRADING AND MINING PLATFORMS WHICH CATEX HAS BEEN DESIGNED TO SOLVE.
Sadly, there are a lot of issues when it has to do with crypto mining or trading that tend to discourage people from undertaking this adventure, some of these issues include:
i. High consumption of power by other mining platforms
High cost of maintaining the mining equipments.
Environmental pollution due to the highly used power
High cost of transactions /trading fees on other Exchanges
Lack of Efficiency in mining due to activities of developing team
Lack of transparency on some exchanges
Inadequate security measures
Lack of proper incentives to encourage users of such platforms.
Price fluctuation: this is a major problem in some crypto exchanges as the prices of the tokens are never stable there causing investors to lose money.
THE CREATION OF CATEX
In August 2018, after carefully considering the above mentioned challenges faced by crypto enthusiasts who go into mining and trading, a team of seasoned professionals and highly experienced men in related fields decided to create CATEX as a platform that handles both crypto trading and mining effectively at the same time.
For recent updates and other information please visit the links below:
Website: https://www.catex.io/
Telegram: https://t.me/catex_group
Twitter: https://twitter.com/catexofficial
Facebook: https://www.facebook.com/officialcatex
Authour’s btt profile: https://bitcointalk.org/index.php?action=profile;u=95863
