Introduction
Gold is a precious metal that hold a lot of potential in terms of financial value. Gold is the leading precious metal In spite of the change in the economy of countries of the world as it maintains its monetary value unit. Many investors have found asset in Gold and make serious investment in it and to increase their capital and make serious gains and have high returns on investment. But when it comes to buying other assets in exchange for Gold, the most precious metal, there are always hassles and bottle neck in getting that done as it involves lots of processes. Many companies do not accept gold as a means of payment or in exchange for any asset and it has made the exchange of gold for asset so hard to embark upon. But it is very necessary to exchange gold for cash in order to ensure liquidity and be able to quantify gains. There is a platform that has come to put end to all the hassles in exchange of assets and allow you to trade any asset anywhere at anytime. The name of the platform is known as AbacasXchange.
https://token.abacasexchange.com/
Current problems in asset exchange
** High Fees**
The fees that is involved in trading and exchanging assets to cash is very high and demanding. At present, it takes nothing less than three transactions to exchange gold for stock in the UK and fees are involved in all the transactions which could be discouraging to investors in asset like gold.
Lack of Transparency
Transparency is almost a forgotten issue when it comes to asset trading and transaction as
both conventional exchanges and cryptocurrency exchanges have been playing on the intelligence of their clients hiding under the guise of the nontransparent transactions.
Lack of Liquidity
There has always been issues of lack of liquidity as there are no sufficient number of buyers to buy assets from sellers who are willing to sell and sometimes no sufficient sellers who are ready to sell their assets.
Loss of private Keys
Currently, if someone loses his or her private key, which is the access to all the funds in the exchange and wallet, there is no way the person can recover the fund in the exchange. That is a huge loss and colossal error which can rub a person of all his/her life investments.
https://token.abacasexchange.com/
Solutions by AbacasXchange
Minimum Fees
When it comes to AbacasXchange, there is only one transaction involved if a person wants to trade asset like gold which reduces the fees involved in the transaction to the bearest minimum. So, with Abacas, you can buy stocks using gold just in one transaction.
Transparency
The Hallmark of AbacasXchange is transparency as all transactions are posted on a public ledger which can be viewed by anyone and therefore ensuring transparency. The AbacasXchange order management process is open and transparent to the community.
Liquidity
At AbacasXchange, liquidity is not an issue as the exchange always ensures liquidity in the ecosystem. Abacas usually audits the community ongoing to ensure that tokens and assets are in the state of balance and equilibrium.
Safety deposit box
There is high level of security and preventive measures being put in place to ensure safety of the users. The AbacasXchange platform has a 'safety deposit box' which provides a kind of decentralized secure backup for user's private key and make it recoverable when lost.
Token information
The AbacasXchange token name is ABCS which serves as the medium of exchange on the platform.
The total amount of tokens that is issued by Abacas is 100,000000 ABCS. In which 30,000000 ABCS are allocated for sale. The Current token price is $1.4
My Review
AbacasXchange is a game changer in the world of asset exchange as it allows users to trade assets anywhere at anytime because of its high liquidity, transparency, operates with minimum transanction fees with ability to recover the private key with the aid of safety deposit box. It is a very unique platform that has come to proffer solutions to the problems being encountered during trading of assets and has made it very easy to trade assets without any hassles at low transaction cost.
For More information:
Website: https://token.abacasexchange.com/
Whitepaper: https://bit.ly/2q5smvR
Telegram: https://t.me/ABACASXCHANGE_ABCS
Facebook: https://www.facebook.com/AbacasXchange-174858729748558/
Twitter: https://twitter.com/AbacasXchange
Medium: https://medium.com/@AbacasXchange
BountyOx username: petoz