PRELIMINARY

First I’ll give a brief explanation of what digital asset mostly called cryptocurrency means, a digital asset is any text or media which was configured into a binary source with an added right to use it. Satoshi Nakamoto created the very first digital asset known to man called bitcoin, cryptocurrencies make use of an encryption protocol that pedals the generation of units and authenticates the transfer of digital assets in a matter of seconds, unlike the traditional banking which can take days sometimes months to deliver. Conventional payment methods are faced with various challenges which include a long transfer time frame, extortionate transfer charges, chargeback fraud amongst others.

INTRODUCING OOOBTC CRYPTOCURRENCY EXCHANGE

#ooobtc is a top-notch peer to peer (P2P) cryptocurrency exchange invented to abolish current problems faced by traders. With this modernized innovation, traders can now carry on with their daily buy and sell transactions without any issue. ooobtc will be the bridge linking cryptocurrency traders and also promises to give users the ability to utilize cryptocurrency usage to its fullest. It is expected that users face one issue or another but that would not be a problem because community managers will be assigned to give real-time human support to users of the exchange, unlike other exchanges who use bots.

#ooobtc has top notch security agencies that are best in the business running checks on a regular basis to avoid being victims of hacks like most exchanges, as we all know there is a great exchange that got hacked just last month. Adequate liquidity is also a problem to reckon with, with ooobtc, there are surplus buy and sell orders waiting to be filled. A vast number of coins have already listed the platform which includes; bitcoin, litecoin, ethereum, ripple, bitcoin cash with more to be added.

There will be multiple cryptocurrencies to choose from with exotic pairs as well, trading just became more exciting, convenient and profiting for both masters and newbies in the crypto space. A user can instantly buy ripple from China or Africa and sell it to another user in Russia or India. Users can instantly swap one cryptocurrency for the other without the fear of high transaction fees, the algorithm and consensus protocol is top notch which makes them capable of executing multiple transactions per minute.

PROBLEMS WITH EXISTING CRYPTOCURRENCY EXCHANGES

Since the creation of the blockchain technology, a huge number of cryptocurrencies has been created, these developers face a lot of challenges with listing their projects on exchanges. Centralized cryptocurrency exchanges are those exchanges where buyers and sellers (traders) meet to exchange digital assets or FIAT (government issued currency.). Majority of these centralized exchanges charge extortionate fees for listing, then there is the problem of low liquidity, users don’t get the best customer experience, and cases of frauds, hacks, and loss of funds deposited are reported on a daily basis.

Most centralized exchanges that are not security conscious unknowingly gets hacked, and users lost their pre-deposited funds on the exchange due to this their inefficiencies. Without setting the right security parameters in place users get phished when they try logging into their accounts. Accessing accounts, making deposits and withdrawals, transferring funds, trade executions consumes the time of users in most exchanges and this can be frustrating when there is an urgent need, most times users lost profit due to such delays. KYC/AML (know your customer/anti-money laundering.) procedures is a major issue, and it takes months and sometimes months to get verified on most exchanges.

BENEFITS OF CHOOSING TO USE OOOBTC

★ Instant trade executions.
★ Security of users funds.
★ Instant update of the order book.
★ Absolute control of customer’s funds.
★ No hidden service charge.
★ 24 hours’ customer service.
★ Peer to peer transactions.
★ User-friendly interface.
★ High-tech infrastructure.
★ Ability to use the digital asset as you use FIAT.

OOOBTC TOKEN

#OBX is the acronym of OOOBTC TOKEN (OBX) token, it is a utility token built on the ethereum blockchain technology (smart contract) that will be used as the native mode of payment for all services rendered on the platform. #obx will be the driving force in which ooobtc will thrive on.