The project excites me to a great deal especially when you do a study on them and come to find out their plan solutions to various blockchain themed problems.
The current morale in the blockchain is low but the future is still very much bullish on it, a lot of financial experts making positive predictions in years to come some are even positive that bitcoin will break another ATH before the year ends. Prior to the economic meltdown there existed no true money with power and has got the backing of the community, money was solely the business of the government and big financial institution who just mint new cash at every whim, thereby putting the economy into a mess and causing the value of money to loose its true value. Bitcoin came to birth solving this problem and for the first time the layman out their have some leverage and chance to wealth and equal standing with the big financial houses.
Well, this didn't stop the rich to still become richer especially the early evangelist who stood by when bitcoin was less than a dollar. Yes there was a time when the $BTC was in cents but today going through coinmarketcap.com or coinlib.io tells a different story, showing that over the years the ROI and growth of the currency have risen over 2000% even saw an all time high of $20k last year.
Then rose yet another masterpiece, what is generally known as the blockchain 2.0 - Ethereum. This infrastructural blockchain saw to the rise of even more interest in the blockchain and modelling of real life issues, therefore alternative coins where created aka altcoins. This grew into several other projects coming into the infrastructure, issuing tokens which in most cases is the fuel of the project platform. A fuel is a term which describes the functionality of the system to be dependent on the usage of the token.
The need for a means of exchange arised also. The ability to be able to exchange this tokens into any currencies in the world was the height of all needs. There was the need for a medium of exchanges which result in creation of the decentralized and centralized exchanges.
While the centralized exchanges promises great user interfaces, transparency of operations and low time out and even faster access to the market not forgetting the fact that password could be recovered in a case where there is a misplacement of ones key, contributed to the attraction the centralized exchanges enjoyed however this came with a flaw.
Apparently one of the biggest weakness of the centralized system is that of security and possibility of a breach is imminent since data is stored in a place and attackers can concentrate their efforts in this one central point and cause great impact, therefore a need to look into a decentralized system existed as well.
One beauty of the decentralized system is that the users are still in charge here, users do not contribute to a specific wallet as in the case of centralized system, and exchanges is actually carried out through smart contract communications, decentralized system do not guarantee your keys i.e if they get lost, one can't recover them back, this happens to be the unattractive side of decentralized system.
Cryptoa solves this problems and even more
Withdrawal Limit: Withdrawal limit is norm in exchanges to prevent a fall in liquidity and ensuring the ability to pay the next user seeking to withdraw also, this is often caused by low volumes in the exchange, therefore Cryptoa solves this problem by ensuring high liquidity and secured credit lines from fintech companies which are required for an exchange to flourish while allowing customers to have a normal withdrawal cap.
Lack of brokers support: In traditional financial system, the brokers are there to keep the operations and transactions happening smoothly however this is greatly lacking in cryptocurrency today, wouldn't it be wonderful to have this feature integrated into exchanges in the blockchain as well? to ensure that users get the best out of their investment choices? Cryptoa Exchange is proposing this as well. With a team of well over 20 years experience in Nasdaq we shouldn't expect any lesser.
Hybrid digital exchange: In other to ensure users enjoy the benefits of a decentralized exchange as well as an exchange, Cryptoa is combining the 2 features in its exchange providing for a more wider benefit and advantage of users. It won’t be a fully decentralized exchange and won’t give full control to third party rather will be a mix of both sort of technologies thus giving an optimum solution for crypto users, projects and industry as a whole. Cryptoa will establish an immediate team who will look into every project in detail, there will be an autonomous process whereby details of every project be taken, while scrutiny will be done at utmost level to make sure no scam projects gets filtered out. This will cater with the lack of control issue.
Customer Service: This is one key missing features in several big and small exchange out there, in fact it's even way more bad with the decentralized exchanges, we had big centralized exchange like Bittrex and Binance lacking in this area greatly. Often times this leads to frustration of users since their needs and problems are not taken care of. Cryptoa is ensuring their is maximum attention given to its users 24/7 and issue do not take longer than 24hrs to resolve, bringing ease of doing business with the exchange.
Little is in doubt about the success of the exchange owing to their infrastructure, team experience and goals as shown in their roadmap below;
Road Map
- 2Q2018- Adding 50+ coins
- 2Q2018- Attracting 10,000 customers in first six months. (Aiming USD100k worth of volume daily)
- 3Q2018- Adding fiat option
- 4Q2018- Offering crypto backed loans
Visit Cryptoa to start trading today!
Useful Links