The creation of cryptocurrencies has led to the introduction of so many exchanges in this present time. Though cryptocurrecies has high tendencies to increase in value than fiat money, majority of people are still skeptical to key into it because of some challenges that accompanies most crypto exchanges. This has in a way, led to the slow adoption of cryptocurrencies today.
Prospective investors are uncertain about the security of their funds, some who are new to exchanges struggle with its complexity and because of this, make a lot of mistakes because they are not provided any sort of guidance to use them. This can be discouraging especially to new comers. There as been a lot of issues affecting crypto exchanges ranging from massive hacks to crackdowns by regulatory bodies and so on. These call for a new generation of exchanges which are compliant with regulations as well reach out to the people they serve and that is what SATURN is presenting as they have developed a platform of exchange and trading with the convenience and security of transactions, this platform provides a new market that is directly connected from crypto sources and providing guarantees to third parties as well has freedom in trade and security.
ABOUT SATURN
Saturn is platform of exchange and trading with the convenience and security of transactions, this platform provides a new market that is directly connected from crypto sources and providing guarantees to third parties. freedom in trade and security on the table is a service offered by saturn.
Problems in The Crypto Market That SATURN Seeks to Solve
Insecurity:
Most cryptocurrency exchange are vulnerable to attacks, hacks, theft and fraudulent activities as cryptocurrencies become the mainstream. The attacks from various hacking groups beginning in 2011 and afterwards, have brought about so many security concerns.
In 2017, $266 million dollars was lost by exchanges and $731 million dollars was lost in the first half of 2018. There have been predictions by security experts of larger scale of attacks, hacks, fraud and thefts as more people embrace cryptpcurrency.
Inadequate supervision in the system and lack of good customer support:
Most exchanges lack supervision and compliance system that can protect them from suspicious activities that could affect them negatively whether during pre-trade and post-trade. There is no form of analysis that could protect them neither is there a customer service they can run to when they want help/support, are affected or have fallen victim to some malicious activities which do not ensure safety or give them confidence when trading.
Also, traders are not always opportune to get a committed 24/7/365 live chat in different languages. This is also a discouraging factor for investors.
Scalability Limitations:
The massive influx of new traders and investors entering the cryptosystem has brought about an increase in transactions on a daily basis which leads to a slow down in registration and transaction processes.
Market Manipulation:
So many unfair and volatile activities like spoofing, wash-trading, momentum ignition to pump and dump takes place in the crypto-market which arises as a result of lack of regulations in the system.
The community no longer trusts the key tools of the crypto market:
The cryptocurrency market needs new values and new ethical standards of business management.
SATURN SOLUTION
Saturn is providing a P2P exchange services for traders, investors, companies, and brokers. and a chain of studies in order to help find new methods within the maturation of the crypto market and increase the liquidity of land so that each user develops together with this platform, each project will get an audit and liquidity of the token version, what the purpose for the future is part of the strategy on the market, so that each element will move unction as community of crypto players and create new markets liquid and secure over-the-counter market.
Most market depends on the change specifics and transaction volumes to compete, saturn creating a conventional crypto alternate, the specifics of transactions for distinct volumes, compensation service, growth the marketplace call for for secured futures assets together with Bitcoin, saturn ensure direct contact between the seller and the purchaser and be certain the security of the trade in automatic mode while maintaining the anonymity of the occasions.
Saturn offer two way liquidity for many assets independently. This will provide gains in the price. Saturn The Swap Protocol to exchange commission fees different from other exchanges where there are additional commissions Which reaches 0.2percent for each exchange transaction, 0.5 - 5% for every over the counter trade and 1 - 5 percent for auction transactions. but the final provisions regarding fees will be decided at launch in market.
UNIQUE FEATURES
OTC cross-chain trading
The Saturn OTC service allows traders to carry out the transactions through the atomic swap protocol with the assurance by Saturn assets. The target customer of this service are professional investors because the transactions are possible to conduct with the large trading volume and highly minimal trading volume.OTC auction
The Saturn OTC auction will allow owners to list their crypto assets on the auction at the beginning market price. And the exhibited assets are allowed to exchange with the large amount.Exchange of atomic trades
This will be a peer-to-peer exchange applying atomic swap protocol to achieve the initial goal of Saturn Back exchange.Transactions with EURO and USD
This function is implemented and developing to fully serve Saturn’s users at the end of 2019. OTC cross-chain trade, OTC auction and Atomic exchange will entitle Saturn’s users to exchange between crypto assets and EURO and USD. Exchange of crypto assets with USD, USDT and GUSD is possible to be used now.
Saturn Token
The purpose of issuing Saturn token (symbol: XSAT) is to use it as a liquidity asset as well as a quotation asset in Saturn platform. In addition, Saturn team also plans to make XSAT token become a collateral asset but this decision will be considered later.
Token and ICO detail
Token: XSAT
Standard: ERC20
Quantity: 1,000,000,000 XSAT
Platform: Ethereum
Price: 1 XSAT = 0.125 USD
Accepted Payment: Btc,Eth, eos , Dash
please visit: https://saturn.black/token-pay/ to participate.
Token Distribution
Conclusively, SATURN is proffering solution by creating a decentralized platform to revolutionize the cryto exchange market by making it easy to use and accessible anywhere in the world. it allow users to be able to conduct directly atomic exchange in crypto assets. The platform is built on criteria of convenience and credibility, in which traders are possible to exchange wallet-to-wallet their crypto assets without the reliable third party. Isn't this interesting, join this great project today and be glad you did.
ROADMAP
TEAM
If you like and like this project, I advise you to familiarize yourself with it in more detail by clicking on the links that I will leave for you at the end of this article.
Website: https://saturn.black
Bitcointalk thread: https://bitcointalk.org/index.php?topic=5075635.0
Whitepaper: https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-eng-1.0.1.pdf
Facebook: https://www.facebook.com/Saturn-Black-200220127527617
Twitter: https://twitter.com/saturn_twitt
Instagram: https://www.instagram.com/saturn_xsat/
Blog: https://saturn.black/blog/
Telegram:
Saturn Official Group: https://t.me/saturn_ENGchat
Saturn Official Channel: https://t.me/saturnblack
Saturn Official Bounty: https://t.me/joinchat/JdHS-FjKRv21ihGR2y8ZyQ
Bitcointalk Username: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
Telegram Username: @paulbabs
ETH Address: 0x1461b1E13ac15B849B8fa54DcFa93B3961992642