In coinolix we are developing the first multifunctional cryptocurrency exchange ecosystem combining a robust exchange platform and a decentralized blockchain protocol in which digital tokens are linked to a US dollar and backed by the reserve of assets as gold by Coinolix Exchange Limited to provide a decentralized method of exchange of value through the currency of Coinamia anchored by Fiat.
A pure cryptocurrency exchange - Coinolix Exchange Limited
In the current market, there are two types of exchanges, the exchange based on fiduciary currency and the exchange based on pure cryptocurrencies. It will only focus on the pure exchange of cryptocurrencies.A cryptocurrency solution with fiat fiat - Coinamia Fiat Coin (USDC) A point-to-point cryptocurrency design derived from the consensus of the Challenge Test to provide network security. Each currency unit of the USDC issued in circulation is backed in a one-to-one ratio (ie USDC is one US dollar) for the corresponding asset reserve held in the bank by coinolix Limited. This cryptocurrency will be redeemable or redeemable for the underlying asset reserve according to the terms of service of Coinolix Exchange Limited. It will be transferable and expendable, as well as some other cryptocurrencies.
Architecture
Commercial frameworks should be designed from the earliest stage with safety, effectiveness, speed and adaptability as a top priority.Many exchanges often choose the easiest way to deal with the implementation of the framework. While this may work admirably to begin with, as the activity unfolds, the framework will not be ready to deal with the expanded load of the network. This frequently slows down the underlying progress of the exchange, although it is basic to long-term achievement.
Liquidity
Since the business of cryptography is so new, it is not exactly reaching liquidity. Having an unsound order book implies a high slip when trading cryptocurrency, which is exceptionally expensive for merchants.Security of the platform
Almost all the cryptocurrencies are immutable and there is no way to change them once the transactions are carried out because these exchanges refuse to take responsibility for the transactions. There are several exchanges that were canceled because they were hacked.There are advances propelled that the exchanges would benefit with respect to the recognition of the hacking attempt. However, these advances are expensive, to the point that exchanges have no possibility of being admitted, which means that they are subject to almost any programmer with sufficient knowledge. how to circumvent your security frameworks
Poor customer service
Merchants are a different breed when it comes to users. Understanding the problem of users is vital to carry out a successful exchange. At the point where the exchange demonstrations in a way that undermines the merchant's confidence would be unacceptable, resulting in a tone of user complaints.Language support
The cryptocurrency market has no borders, most exchanges are concentrated only in one dialect or one nation and this results in poor support for this international market.Bank obstacles
Banks are further obstructing an unlimited commercial selection of exchanges, due to the extremely volatile condition of the cryptocurrency market. Banks put themselves on the defensive when it comes to verification and background checks of users.Coinolix
Trading Engine Exchange The Coinolix Exchange Coincidence Engine is capable of managing 1,200,000 orders per second. A large number of commercial requests can be counteracted with the adaptable and extensible motor in a matter of minutes. In this line, the pairing engine can defend itself with one of the fastest and safest engines available in the market today. Therefore, traders can be saved from basic problems such as blocked commercial requests or tedious handling of exchanges.Features:
Spot market trading
Margin trading
Futures market markets
Negotiable assets:
The Coinolix exchange will support the exchange of pairs in the following currencies.
BTC, ETH, XRP, NEO (ANS), LTC, DASH, CLX (Coinolix Coin), USDC (Coinolix currency linked to USD)
In general, it will only include currencies that have a solid validity, customer base and liquidity. They have no plans to add any fiduciary monetary norms at all. More coins will be included in the near future.
User Interface (UI):
Coinolix Exchange will provide cross-platform device coverage:
Browser-based trading platform, Android, Application platform
- iOS application platform
- PC trading platform (Windows, Mac, Linux)
- REST API
Language Help It will support
English, Chinese, Russian, Japanese and Korean in all user interfaces. (The first release will be in English and Russian only). More languages will be added over time.Source of income
Marketing commission: first you will charge 0.2% of commissions for each established change. In the future, different types of fees will be presented, including the market maker, the market, the volume discounts and the price promotions.Withdrawal fee: charge a small amount of fees at the time of withdrawal.
Margin cost: if it is exchanged with margin, there could be a charge or interest on the amount acquired.
Currency Listing Rate: will select currencies through the verification process and will ensure that the assets that will be listed in the exchange are unique and can create value in the future, may charge a fee for including new currencies in the exchange.
Customer service 24/7:
Instead of giving a predesigned script to the customer, he prefers to share the support and responsibilities to distribute it to the staff and the company so that the designated official can solve the client's specific problem for that problem. particular.Security:
DDoS attack protection: Due to high traffic activity, cryptocurrency exchanges are regularly prone to DDoS attacks. Use the secure distributed network of the CDN server (content delivery network) that can successfully carry a large number of database requests at any given time to maintain online exchange services 24/7.Exchange Audit: the dedicated Vulnerability Research Team will observe the execution of the platform day after day to maintain any conceivable defensive attack. It will also think about additional security efforts as market appropriation develops in the near future.
Encryption and backup: will use complex encryption strategies and reinforce information every day to ensure that all user data is safe. This bottom-up approach by a decentralized base will allow us to secure client information even in the imaginable direct result of the hypothetical hacking attack.
Two-factor authentication: when applying two-factor authentication in addition to the username and password to protect users of the phishing site and the vulnerability of the email.
Detail of the CLX token CLX
Token is a standard token ERC20 of Ethereum Blockchain. This multiple-use token that can be used as a means of exchange, as well as to pay transaction fees, trading commission, withdrawal commission, quotation quote in Coinolix Exchange.
Roadmap
March 2017Technical and market research on the exchange of cryptocurrencies begins for the development of decentralized and centralized next-generation exchange.
August 2017
The cryptocurrency trading engine finished and the review face begins for the security audit and the UI exchange development.
January 2018
Meeting of a highly qualified development team to build exchange and finalize the blockchain technology for the Fiat currency.
March 2018
Market study and analysis for the completion of the Initial Initial Coin offer.
July 2018
Airdrop start and white list and KYC registration for crowdsale.
August 2018
Fiat coin blockchain development and consensus development audit.
October 2018
ICO's pre-sale phase begins in fifteen days from October 8, 2018 to November 7, 2018.
November 2018
The beginning of ICO crowdsale is from November 8, 2018 to December 13, 2018.
January 2019
Beta version of the online exchange.
Q1 2019
Announcement of unions with an external administrator for the gold reserve and the audit of liquid reserves.
If you like project, find more information with link below:
Website: https://coinolix.com/Whitepage: https://coinolix.com/document/coinolix-whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=4963053.msg44749385#msg44749385
Telegram: https://t.me/coinolix
Facebooks: https://www.facebook.com/coinolix/
Twitter: https://twitter.com/coinolix
Author: Hoangbinmcc
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1330327
