The Two elements of COINANX and its Inner Workings:
COINANX has two elements a wallet and an exchange. These two elements merge seamlessly to provide a consistent platform for users to store and trade their favorite cryptocurrencies. It is here that we encourage you to raise a question of what’s so different or unique about COINANX?
The answer is smart yet unassumingly simple. Most cryptocurrency exchange platforms aim at just exchanging, however, COINANX aims at providing stability to the people who have bought ANX tokens. The beauty of this process is that the fiat currency is converted to ANX tokens (ERC20 tokens) which runs on Ethereum blockchain technology. Ethereum based “smart contracts” are fully compatible with ANX coins and provide uninterrupted fulfillment of contract commands that need to be carried out.
How COINANX will be of help in the transition from traditional exchange methods to modern?
Traditional methods are slow,requiring a lot of time for documentation and endless submissions. The aim of COINANX is simple; providing fast, direct and affordable cryptocurrency payments to anyone from any part of the world. Participants won’t be able to use fiat currencies for trading as the fiats will be converted into ANX tokens; providing stability and increasing liquidity. The multi-currency blockchain enabled wallet will let participants deposit, store and manage their fiat and cryptoassests in a very clean and transparent way.
COINANX exchange is designed in a creative way, that it functions as a highly committed platform to support as many native currencies as possible. This will add value to the economy. This is a pivotal part of the company’s vision, as the company intends to create a highly conducive cryptocurrency exchangeecosystem. This will be changing the inefficient aspects of traditional payment & exchange platform while providing a novel perspective to COINANX.