Without a doubt, the survival of cryptographic currencies lies in their trade. Except for few altcoins such as Ripple XRP, VeChain (VET), and Tron (TRX) that found interest in partnerships, other coins still depend on exchanges for an increase in their value.
The Red of 2018 and the Green on CATEX
Soon after the massive success of crypto coins in 2017, the speculation was that the value would be better in 2018. After the domination of the bears in most months of 2018, many traders and investors began to lose interest in their assets. However, the viability of the exchange can trigger a bullish race in the crypto sphere. This is the mission of Catex, a Chinese exchange with a difference.
CATEX - Something good from China
China is becoming a leader in the blockchain industry. For instance, Justin Sun, the CEO of the Tronix token (TRX) is a Chinese. The Catex exchange is one of its kind. Coming from China, expectations are high that it might just be the Messiah to come through for cryptocurrencies.
The Impact of Transaction Mining
For the average crypto enthusiast, mining coins prove a herculean task. On the other hand, the invention of mobile mining by coins such as Electroneum (ETN) makes it easier. Now, Catex is making a massive input that will shake the phase of crypto coin mining.
The necessity of the transaction-mining framework is not far from the fact that the exchange intends to crown more investors. First, users have the ability to trade within the ambient of available trading pairs. Second, they can sell their assets without hitches. The transaction mining also creates the atmosphere from hybrid transactions. While trading, a trader is also mining the Catex token (CATT). In addition, the approach lets token holders receive dividends from their locked tokens.
Token Mining
The amazing feature of mining tokens while transactions are ongoing is worth emulating. If more exchanges buy into this idea, the traditional issues that spring up when mining tokens will be outdated.
Now, Catex exchange’s token mining modulation is easy and efficient. First, to participate, you must be a token holder. Second, your mining will be in tandem with the current ratio. It is important to note that token mining is on an hourly basis. This scheduling creates room for efficiency and reduces hitches. In addition, the minimum token holding is 200 CATT.
Here is a clearer illustration of token mining on Catex. A token holder with 10000 CATT in his kitty can take part in token mining to benefit from the daily dividends. The formula to calculate the amount of tokens to mine per hour is “Token holding multiplied by the daily mining ratio”. Hence, if a token holder has 10000CATT and the day’s mining ratio is 0.2, the amount of tokens to mine is 10000 x 0.2 = 2000 CATT.
The simplicity of Catex’s token mining is straightforward. With the clarity of the process, amateurs and near-professionals can take full swipes at the world of crypto trades. The Catex exchange really put up a good work here.
Wide User Base
Now, the Catex exchange is available in over 190 countries. In addition, it supports eighteen (18) distinct crypto coins. While the amount of coins might be few, there is room for more additions. Apart from this, the coins already listed on the exchange are viable. With few coins to trade on, transactions will be faster.
Redistributed Dividends – Beyond the Pump and Dumps
At the last quarter of 2018, the crypto sphere was awash with news of massive pump and dumps on different crypto exchanges. The Catex exchange is a lone ranger in the game. The concept of redistributed dividends is a welcome development. In the future, token holders will not be looking forward to scrupulous pump in prices. Rather, they earn legitimately from the system. Catex distributes 80% of the fees earned from trading fees. The disbursement is among CATT token holders. The higher the number of CATT tokens in a user’s possession, the more dividends he gets. The move targets empowerment of the users and attracting more investors.
Security is Top-Notch
Despite the blockchain (the foundation of all activities in the crypto sphere) is immutable, there have been incidences of hacks (particularly on exchanges). During such attacks, users’ assets are under threat.
Realizing the importance of securing the users, Catex enabled the Two-Factor Authentication (2FA). These codes will help in securing users’ accounts, trade histories, and their withdrawals.
Catex – A Powerful Solution for the Crypto Community
The crypto community is agog with the prospects offered by the exchange. The security, even distribution of resources and efficient trading are some salient points that will attract more investors. In the future, Catex will be a model for upcoming crypto exchanges.
Meet the Core team members behind this awesome project
Visit the links below for more insight on CATEX
website : https://www.catex.io
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5099776.0
Twitter : https://twitter.com/catexofficial
Facebook : https://m.facebook.com/officialcatex
Telegram : https://t.me/@catex_group
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