CryptoCircleX - The Most Advanced Crypto Exchange

in #exchange6 years ago (edited)

CryptoCircleX.jpg

Website: https://cryptocirclex.com/

Crypto Circle eXchange is a cryptocurrency exchange that is user focused, a dedicated live 24 hour support team, and user integrated tools and features geared to help traders with their investments on platform. Committed to making the mass adoption and promotion of cryptocurrency to the public. On-boarding new traders to the cryptocurrency market and creating a new user experience which is engaging, safe, user friendly, and beneficial, whether it’s for the newly entered trader struggling to learn how to trade in the cryptocurrency market to the seasoned professional that is a day trader or working for an institution.

Crypto Circle eXchange offer the easiest to use system for a cryptocurrency exchange, but also have the most powerful front end and backend system dedicated to customer assets safety. This platform can assist newly entering investors, day traders, and institutional traders to make more informed trades thereby increasing the probability of success, reducing the odds for investors to make unsuccessful trades.

Exchange Revenue Model

Crypto Circle Exchange’s revenue will come from the following sources:

  1. Exchange Fee:
    Crypto Circle eXchange will initially charge a 0.2% flat fixed fee per trade. Other variations will be introduced at a later time, including maker-taker and volume based tiering.

  2. Withdrawal Fee:
    Crypto Circle eXchange will charge a small fee dependent upon which cryptocurrency is involved for the withdrawal

  3. Listing Fee:
    Coins and Tokens can be listed through popular vote on Crypto Circle eXchange’s platform and there may be a fee associated with those listings

  4. Other Fees:
    There may be other fees the platform may collect for various services such as Bot Trading, Copy Trading, etc.

Key Features

Exchange platform has a multitude of features that sets us apart from any other exchange that is presently on the market. The features have are all to benefit the traders that are using platform. All the security and speed of exchange is designed so that customers have no fear of hackers taking their assets or the exchange just shut down for days because of this reason. You will also never see a server overloaded message as exchange can handle up to 10 million transactions per second.

Support an enterprise level matching system that has an algorithm that assess risk levels of every transaction, able to trade a multitude of different cryptocurrencies currently up to 1,600 plus. Not limited to any protocol on the Ethereum blockchain as well as support the Neo protocol for smart contracts. Platform can accommodate custom API’s and will be integrating in payment rails for Euro to BTC, USD to BTC and others.

Will have multi-language support for the exchange, so that all customers will feel comfortable in do trading in their own native language so there is no learning curve due to a language barrier. The UI is designed so that you can configure it to the way you like it or keep default user friendly design. As well as the fact that have 24 hour live customer chat support so you will never have to worry about having a support ticket sitting in the queue for days as will be available 24/7 to help with an issues you may have. Also have Institutional grade throughput and security.

Affiliate System

Crypto Circle eXchange has a referral bonus program and how this works is; when you invite your friends, you will earn 20% of the commissions on their exchange transactions every time they make a trade. If you hold 600 CCX or more the percentage of commission will increase to 35% of the friends exchange transaction fee completed. It will be necessary to copy the personal referral link from Crypto Circle eXchange and send it to a friend(s). They will need to register with the use of the referral link or referral ID. Each referral will be effective for 1 year starting from the first completed transaction of your friend on the exchange. The more traders you have register with your referral link or referral ID, the money you will be able to receive.

Affiliate System .jpg

The referral bonus is calculated by the following formulas:

Friends transaction amount X 20% = Referral Bonus
Friends transaction amount X 35% = Referral Bonus

Matching Engine

When creating a cryptocurrency exchange, speed is something that is of the utmost importance. Not being able to process transactions quickly and having a bottle neck that slows down trading when only half your customer base is on and making transaction can be a major issue. At Crypto Circle eXchange have a matching engine that is written in the Google Language (GoLang). With this programing language in place, the exchange is able to move faster than any other exchange on the market. GoLang is capable of 10 million plus transactions per second with a 40 nanosecond latency (meaning delay).

High Performance Trading

When speak of high performance trading, it goes hand in hand with the matching engine. This is the driving force of the matching engine. Have talked about how the exchange platform is developed in the GoLang (Google language) programming language. This provides many advantages over C, C++, Java, C# and Ruby, which are other programming languages, because it compiles easily into many different operating systems e.g. Windows, iOS, and etc, it helps to make concurrency more efficient, also it makes for a more accurate, faster, and cleaner coding environment. The GoLang machine language is extremely fast, and capable of processing millions of transactions per second with 40 nanosecond latency.
There have been multiple years of extensive R&D (Research and Development) invested into creating this exchange platform.

Anti-Market Manipulation

One of the biggest issues all cryptocurrency exchanges face on a daily basis is any assets being manipulated either up for a higher price or down for a lower price. Either way this facilitates the loss of customers’ funds and is not tolerated in the stock market so believe that it shouldn’t be allowed in the cryptocurrency market as well. The exchange platform’s real-time market surveillance, supervision, and compliance system monitors for suspicious trading activity such as abnormally large trades, pass-through trades, wash trades, spoofing, layering, stuffing, hammering, and momentum ignition. The Market Surveillance and Risk Management Solution also provides analytics which meet ESMA MiFID II and other post-trade reporting. It conforms to the EU Market Abuse Regulation (MAR), US Dodd-Frank SEC regulation, and other international regulatory frameworks. Exchange has a built in Anti-Money Laundering (AML) algorithm that monitors real-time risk and scoring through a machine learning program that notifies admins of any sign of misappropriation.

Copy Trading

This feature is a very highly requested one by most traders. Crypto Circle eXchange Platform offers members with little or no experience in trading to learn from and mimic the signals of the carefully selected and approved professional trade managers. Their trades, analytic skills, and predictions will help users set up their Investor Portfolio from scratch. Users could mirror the trades they observe as they gain in confidence and skill in this new marketplace.

Auto-Trading/bot trading

Since the cryptocurrency market never sleeps, the advent of the trading bot has helped traders to stay on top of their trades while they are unable to be actively in front of a computer screen or smart device. Also, a correctly programmed bot allows trades to be executed faster and more efficiently than the trader would be able to do manually. Algorithmically-based smarter trading bot delivered via AI and machine learning. Trading bots are software programs that talk directly to cryptocurrency exchange and places buy and sell orders on your behalf. They make those decisions by watching the market's price movements, and reacting according to a set of predefined rules made by the trader.

User Security

Registration system sends verification codes to customers via email and SMS to ensure that only genuine and validated users are permitted to sign up and use the service, helping deter suspicious activity, such as fake users from registering. Passwords are secured by not storing the information in plain text but rather, store on encrypted information. All sensitive user data is AES 256 encrypted before being entered into the database for safe storage. As a preventative measure, CloudFlare protection is used to defend against DDoS (Denial of Service) attacks which may occur.

Offer 2FA Google Authenticator for a more secure customer authentication login which highly recommend to all customers to use on their accounts for the added security benefit.

Desktop and Mobile App

Crypto Circle eXchange is also intending to come up with a mobile application for both Android and iOS users which will be available for on Google Play Store and the Apple App Store. The mobile application will make it easier for a user to keep track of new tokens that are being listed on Crypto Circle eXchange, and allow you to trade tokens online. You will be required to login after you install the application on your device, using the same login combination you use in Crypto Circle eXchange.

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Token Sales Structure

Crypto Circle eXchange has chosen a cap with parcel limit type of token structure for ICO. A fixed number of tokens 450,000,000 CCX are sold at a fixed price $.09 for each stage on a first come, first serve basis until all tokens are sold by the end of the ICO. There is a limit on the total amount that each buyer can purchase, which is $1,000,000 worth of CCX tokens. This is achieved by capping the amount of each incoming transaction, and making it difficult for a single buyer to send multiple transactions. There is also a cap on the amount raised which is $20,000,000 worth of CCX tokens (number of tokens to be sold). This type of model promotes a wider distribution of tokens, preventing a concentration in the hands of ‘whales’ (whale is a term in the cryptocurrency world used to refer to individuals or entities that hold large amounts of bitcoin or other alternative cryptocurrency with high value), while also promoting the sale of a fixed number of tokens.

Token Sales Details

The following will cover the entirety of all CCX tokens from the amounts down to the usage of each token

  • Soft Cap: 5,600,000 CCX Token
  • Hard Cap: 223,000,000 CCX Tokens
  • Venture Capital or Pool Groups are entitled to the same bonuses as the ones given during the Private Sale.
  • In the Private Sale there will be a bonus of 15% for all tokens that are purchased.
  • The Pre-Sale will have a 7% bonus for all tokens sold during this time.
  • These bonus tokens are part of the 450,000,000 tokens available for sale.
  • There is also a High Volumes sales bonus chart that runs in tandem with the Stage Bonuses.

Token Sales Details.jpg

Token Allocation

Plan on taking the funds that are raised from this ICO and putting them towards the following areas.

Token Allocation .jpg

Token Distribution

In this section talk about how have grouped off the entire CCX token created and how plan to make use of them.

Token Distribution.jpg

CCX Token Buy Back and Burning Program

The repurchasing plan will be carried out on a bi-annually basis and will use 10% of profits to buy back CCX tokens, which will be destroyed, until buy 50% of all the CCX tokens available (200 Million estimated) back. All buy back transactions will be announced on the blockchain. Will eventually destroy 200 Million CCX, leaving 200 Million CCX remaining. This is an approximation until all ICO has completed to know the exact total amounts being burned.

CCX Tokens can be purchased with ETH on the following website: https://ico.cryptocircle.exchange

Roadmap

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Links:

Website: https://cryptocirclex.com/
Whitepaper: https://www.cryptocircle.exchange/wp-content/uploads/2018/10/CryptoCircleeXchange-Whitepaper.pdf
Facebook: https://www.facebook.com/CryptoCircleX
Telegram Group: https://t.me/CryptoCircleX_Official
Telegram ANN: https://t.me/CryptoCircleX_OfficialANN
Twitter: https://twitter.com/CryptoCircleX
Medium: https://medium.com/@CryptoCircleX
Youtube: https://www.youtube.com/channel/UC9O02sSoZseAWQoople7GDw
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=4906962
Bitcointalk Bounty thread: https://bitcointalk.org/index.php?topic=4937028

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The bitcointalk name: mreretic
Profile links : https://bitcointalk.org/index.php?action=profile;u=1716487