XERA – a decentralized cryptocurrency exchange

XERA is a decentralized cryptocurrency exchange. The solution envisages the following functionality: detailed reporting, advanced charting features, one cancels other (OCO) order features, multiple order types, price alert system, live profit and loss updates, and competitive trading fees. The exchange will offer several types of orders: market order, limit order, stop-limit, etc. Initially, XERA will allow trading with BTC, ETH and XERA coin with other currencies to be added later. XERA coin is an ERC20 utility coin that will offer reduced fees and incentives for traders. The XERA team is comprised of traders who have gained decades of experience in the banking and information technology sectors. As such, they have identified the functions that should be non-negotiable in a quality cryptocurrency exchange. Many traders currently have to use third-party and other paid tools to fulfill their full spectrum of cryptocurrency trading requirements via exchanges. XERA will be a fully integrated cryptocurrency trading exchange that resolves the key issues and challenges that traders are facing with current exchanges. To fund the development of XERA, an ICO will be launched to sell the XERA token and provide traders with access to a platform that incorporates all of the components that investors need at one place.

THE XERA EXCHANGE

The XERA exchange will commence as a cryptocurrency-only exchange. This means that cryptocurrencies may only be purchased using other cryptocurrencies on the platform. They un derstand the benefits of incorporating fiat onto their exchange since Fiat currency continues to be superior in liquidity when compared to cryptocurrency and adding this to the exchange will increase the number of participants. More participants equals to a higher volume on the exchange thus boosting liquidity. As the ex – change grows and develops, fiat currency will be accepted. One of the primary unique value propositions of the XERA exchange centers on the suite of capabilities available to traders on their platform. For their inaugural launch, XERA will support trading in the following coins:

● BTC (All coins can be traded with BTC)
● ETH (will be disclosed later, what coins can be traded with ETH)
● XERA coin (All coins can be traded with XERA)

Existing problems and solutions

  • ○ Limited order types ( SOLUTION) XERA’s multiple order types will provide a high level of flexibility for traders
  • ○ Lack of auto-trading tools, unlike traditional platforms ( SOLUTION) XERA will have highly customized toolset, which can be configured for various indicators and auto-execute pre-configured orders
  • ○ Liquidity issues ( SOLUTION)  XERA will have a liquidity reserve pool that mitigates liquidity issues. They will dedicate 10% of profit generated from trading fees to keep this pool healthy
  • ○ Poor customer service (SOLUTION) They provide 24×7 support with dedicated agents who have verified expertise in their respective fields
  • ○ Lengthy validation process for KYC approval (SOLUTION) They have partnered with Authenteq for a 90 seconds KYC process
  • ○ Lack of regulated crypto-fiat exchange (SOLUTION) They are currently in the process of obtaining the required crypto trading licenses
  • ○ Poor or no audit process (SOLUTION) They will be engaging a third party audit agency to perform regular audits and publish relevant and accurate results
  • ○ Slow engine and high latency (SOLUTION) They already have POC engine developed with a recent test resulting in 2.5Mtps. High throughput and super-low latency means orders can be executed faster
  • ○ Security issues followed by hacks and theft (SOLUTION) They have a team of security professionals and a dedicated budget for the most current security tools and procedures within the industry.

TOKENOMICS

  • Token Symbol XERA
  • Token Protocol Ethereum, ERC20
  • Token Sale Start 1 October 2018
  • Token Sale End 27 November 2018
  • Max circulating supply 95,000,000
  • Tokens for sale 65,500,000
  • Token Price 0.50 USD
  • Payment methods ETH
  • Softcap 5,320,000 USD
  • Hardcap 29,260,000 USD

For more information, visit the WEBSITE or read the Whitepaper.

 

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