Overview of the Coinolix ICO platform
In coinolix, the first multifunctional crypto currency exchange ecosystem is developed, combining a robust exchange platform and a decentralized blockchain protocol in which digital tokens are tied to one US dollar and supported by a reserve of assets like Coinolix Exchange Limited gold to provide a decentralized method of exchange of value through the Fiat Coin Coin.
Net exchange of crypto-currencies – Coinolix Exchange Limited
In today’s market, there are two types of exchanges: currency exchange on a currency basis and net exchange of foreign exchange. Will focus only on the net exchange of crypto-currencies.
The decision with the crypto currency with the link to the Fiat – Coinamia Fiat Coin (USDC). Crypto currency with peer-to-peer crypto currency, derived from Competitiveness based on quotations, to ensure network security. Each USDC coin put into circulation is maintained in a one-to-one ratio (that is, one US dollar is one US dollar) for the respective reserve of assets held by the bank coinolix Limited. This crypto currency will be repaid or replaced for the underlying reserve of assets after the terms of service of Coinolix Exchange Limited. it will be transferred and transferred, almost the same as some other crypto-currencies.
Architecture
Trade structures should be developed from the earliest stage with safety, efficiency, speed and adaptability as the main priority.
Multiple exchanges often choose the easiest way to cope with starting a framework. Although this can function perfectly for the beginning, as the activity develops, the structure will not be ready to consider the expanded network load. This often recedes from the main promotion of exchange, but it is fundamental to achieving a long-term goal.
liquidity
Since the crypto business is so new, it does not quite fit the liquidity. The presence of unreasonable book publishing implies high slippage when trading with crypto-currencies, which is extremely expensive for traders.
Platform Security
Almost all of the Crypto currency is unchanged, and there is no way to change it after the transaction is made because this exchange refuses to take responsibility for transactions. There are several exchanges that have declined due to hacking.
There are advanced achievements that exchanges would benefit in recognition of the attempted hacking. Nevertheless, these improvements are expensive to the extent that exchanges do not have the ability to access them, that is, they can be almost any programmers how to bypass their security framework.
Poor customer support
Traders are another breed when it comes to users. Understanding the problem with users is vital to a successful exchange. At a time when demonstrations of exchange in a way that undermine the confidence of the trader will be unacceptable, which will lead to the appearance of user complaints.
Language support
The crypto currency market has no borders. Most exchanges are concentrated only on one dialect or on one nation, and this leads to poor support of this international market.
Banking barriers
Banks additionally hamper the unlimited choice of trade exchanges because of the extremely unstable state of the crypto-currency market. Banks put them in the back foot when it comes to checking and verifying the personal data of users.
Exchange Coinolix
Trade
The corresponding Coinolix Exchange engine is suitable for managing 1 200 000 orders per second. A large number of trade requests can be eliminated with an adaptable and expandable engine in a matter of minutes. Along these lines, the corresponding engine can take its place with one of the fastest and most reliable engines available in the current market. Thus, traders can be saved from major problems, such as persistent trade requests or tedious bidding.
Features:
● Trading on the spot market
● Margin trading
● Trading in the futures market
Traded assets:
The exchange of Coinolix will support trading pairs in the following coins.
● BTC
● ETH
● XRP
● NEO (ANS)
● LTC
● DASH
● CLX (Coinolix Coin)
● USDC (coinolix dollar coin)
By and large, will include only coins that have a solid reality, customer base and liquidity. It is not planned to add any monetary standards at all. Larger coins will be included in the near future.
User Interface (UI):
When exchanging Coinolix, cross-platform device coverage will be provided:
● trading platform for the browser
● Android Application Platform
● iOS application platform
● trading platform for PC (Windows, Mac, Linux)
● REST API
Language support
Will support English, Chinese, Russian, Japanese and Korean on all user interfaces. (The most original release will only be in English and Russian.) Over time, additional languages will be added.
Source of income
Payment for trade: first, it will charge a fee of 0.2% for each settlement exchange. In the future, various options for fees will be presented, including a market maker, discounts based on volume and 0 incentive awards.
Commission for withdrawal of funds: to collect a small amount of fees during the withdrawal of funds.
Margin fee: if you change the margin, you can get a commission or interest on the amount received.
The fee for transferring coins: selecting coins through the verification process and making sure that the assets that will be listed on the exchange are unique and can create value in the future, may charge a fee for transferring a new coin to the exchange.
24/7 Customer Support:
Instead of providing the customer with a pre-designed scenario, prefer to share support and responsibilities that need to be shared between staff and the company, so that a specific customer problem can be solved by the designated official on this particular issue.
Security :
Protection against DDoS attacks: due to the high activity of traffic, crypto-currency exchanges are regularly exposed to DDoS attacks. Use a secure distributed network of the CDN delivery server (content delivery network) that can successfully download a large number of database queries at any time to support online exchange services 24/7.
Exchange Audit: A dedicated Vulnerability Research Team will ensure that every day a transaction is performed to preserve any conceivable attacks of insecurity. It will also think of additional security efforts, as market allocations will develop in the future.
Encryption and backup: will use complex encryption strategies and perform information reinforcement every day to ensure the security of all user data. This approach, built by a decentralized database, will allow us to ensure the confidentiality of client information even in the direct result expected by a hypothetical hacker attack.
Two-factor authentication: by applying two-factor authentication over the user name and password to protect users from a phishing site and an email vulnerability.
CLX Token Detail
CLX Token is the standard ERC20 marker from the Ethereum Blockchain block. This is a multi-purpose token that can be used as a means of exchange, as well as for payment of transaction fees, trade fees, withdrawal fees, listing fees on Coinolix Exchange.
Pre-delivery information
ICO crowdsale Read More
Distribution of tokens
Use of the fund
Buy back and save the program
• Each quarter, use 20% of Coinolix exchange profits to redeem CLX coins sold during the ICO, and burn them.
• The CLX coin purchase program will continue until 60% of all publicly issued CLX coins are burnt.
• CLX-coin Buy Back & Burn Program will start in the third quarter of 2019.
Road map
March 2017
Technical and market research Cryptocurrency exchange begins for a centralized and decentralized exchange of news of the next generation.
August 2017
The mechanism for processing crypto currency is completed, and the review begins with a security audit and the development of the user interface.
January 2018
Collect a highly qualified development team for the exchange and finalization of the locking technology for the Fiat coin.
March 2018
Market research and analysis for the planning of the initial supply of coins.
July 2018
Launch Airdrop and white listing and register KYC for crowdsale.
August 2018
Fiat coins are block-chain development and consensus-based development audits.
October 2018
The ICO preliminary sale phase starts in 15 days from October 8, 2018 to November 7, 2018.
November 2018
ICO crowdsale starts from November 8, 2018 to December 13, 2018.
January 2019
Beta version of the exchange online.
Q1 2019
Announcement of links with a third-party trustee for the gold reserve and audit of the liquid reserve.
References:
Website: https://coinolix.com/
Technical documentation: https://coinolix.com/document/coinolix-whitepaper.pdf
Facebook: https://www.facebook.com/coinolix/
Telegram: https://t.me/ coinolix
Twitter: https://twitter.com/coinolix
Medium: https: //medium.com/@coinolix
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