IRONX: WORLD-CLASS EXCHANGE

adempostaci (6)in #bitcoin • 6 years ago (edited)

INTRODUCTION
Following the popular surge of digital currencies, holders of crypto assets recognised the need for a secure, transparent, and modern digital exchange through which to trade their assets. A number of functional exchanges have emerged in response to this developing need, creating a new crypto market ecosystem and driving competition among platforms to set up an efficient and effective trading environment. Although substantial advancements have been made in the usability and the functioning of today’s cryptocurrency exchanges, there are still considerable shortcomings.

OVERVIEW
Leveraging a cutting-edge system that will facilitate increased volume through multi-party interaction and interconnectivity with traditional online trading, the IronX Exchange plans to address existing crypto industry issues and optimize the crypto exchange experience for novice and experienced traders alike. The IronX Exchange aims to address crypto market challenges by using a market-leading technology platform consisting of a multitude of high-grade features, as well as aiming to provide a highly secured interconnectivity between exchanges and third-party institutions to curtail liquidity problems and boost trade volume, which are the biggest challenges of new exchanges, and to facilitate high level of security and ease-of-use for all crypto traders purchasing currency (including FIAT).

VISION
For users entering the crypto market without existing crypto tokens, the IronX Exchange is exploring the possibility to bridge the gap between traditional finance and the world of crypto trading by addressing the challenges mentioned earlier with effectiveness and experience. The IronX Exchange could, therefore, facilitate the entrance of new users to crypto trading with increased ease of entry on the right basis, higher efficiency, and lower costs. The IronX Exchange aims to enable a safe and easy transition from the mass retail market into the crypto market. Leveraging on its existing regulatory and operational practices, processes, solutions and real operating company functions, including, back-office, risk management, account management, and payment and banking solutions, the IronX Exchange will offer a customer- centric and quality-focused service.

EXCHANGE ECOSYSTEM
The IronX Exchange ecosystem aims to foster a community of users and traders supported by a specialised team of customer service representatives. Users will interact on an advanced site designed to deliver specialised customer service in parallel to its regular platform use, thus creating an optimal exchange with ease of operation for new and experienced traders alike.
Customer service will include a myriad of client-oriented features such as hotline support and live chat options, with multilingual support in over 30 languages, in addition to a uniquely easy-to-use and straightforward trading software. Users will experience an efficient platform devoid of costly slippages, with maximized page load speeds and rapid server responses to site activity.

FEATURES
Fully Regulated
The Group is actively seeking to be licensed and become properly regulated. At present, it holds a FIU licence in Estonia but will actively pursue licences in other key jurisdictions. In this regard the group is considering both Gibraltar and Malta.
Existing Client Base
IronX is being built with our 1.2 million existing IronFX Group retail clients and 150,000 Cardano followers in mind, giving us access to a huge liquidity pool
FIAT and CRYPTO Funding
Our platform will provide a full range of traditional FIAT and CRYPTO wallet funding options
24/7 Support
IronX will be the first exchange to offer not only 24/7 support, but also in the language that our users speak, catering to their needs.

KEY FEATURES
● Ultra-high performance architecture for handling global scale industries
● Accelerated performance; 1 million trades per second
● Intuitive, easy-to-use interface
● High-grade security and data protection
● Simple systems management
● Constant, top-of-the-line system performance
● Error detection codes on all records
● Always active, dynamic database
● Comprehensive customer coverage and service offerings
● Quick failover support
● Simple systems management
● HFT capable systems
● Monitoring and alert
● Seamless fail-safe modes
● Easy FIAT-to-CRYPTO purchasing capabilities

BENEFITS
● Access to multiple different cryptocurrencies
● 24/7 supported trading
● Fixed transaction fees
● Run reports
● Rapidly accepted deposits and withdrawals in CRYPTO and FIAT for all users
● Audit trades
● Automatic dispersal of Daily Account Statements or configure default recurring daily reports for newly registered users
● Ability to place, edit and cancel limit orders into the order book via API
● Matching Engine - lean design matches orders at throughputs in excess of 1 million transactions per second
● Nine supported order types including market, limit and stop

IRX TOKEN
The IronX Exchange plans to utilize its platform token, IRX, as the main coin backing the system’s usage. It is an ERC-20 utility token that will serve as the main coin backing the system’s usage. Users will have the freedom to choose between paying trading fees in the currency of the transaction, or, paying in IRX tokens. Fees paid in IRX tokens will carry a substantial discount on the exchange, incentivizing frequent traders to use IRX for all fees and transactions, Also IronX Exchange plans to offer holders of IRX coins additional benefits in a variety of ways.
The IronX Exchange business model is simple. The IronX Exchange will charge trading fees, withdrawals fees and listing fees. The IronX Exchange initial trading fees will be 0.2%. The IronX Exchange may charge a small fee for withdrawals.

TOKEN INFORMATION
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