IronX knows how to make fees lower
Is it all about greed?
I hope that everybody, who is reading this article, pays taxes. Taxes are usually used to improve overall stance of the public objects and to help the economy of you country to become prospered. Sometime it is pretty hard to feel the effect, but all you need to understand the importance of taxing is visiting of a country with a high level of corruption. There are a lot of cases, when government uses taxes to feel their pockets, so citizens cannot feel any effect or changes.
Why do I speak about taxing in article about cryptocurrency exchanges? Because the situation right now is pretty the same. We have a lot of cryptocurrency exchanges and all of them take fees from the customers. Some take huge fees, some take low fees, but it is obvious that none of them spend even small part of fees to improve the customer experience.
You need to get me right: I understand that all the exchanges were created for making profits: just like any other business in the world. In the same time, companies usually spend significant amount of profits to improve certain processes to make their services better. Unfortunately, nothing similar happens within cryptocurrency market.
Fees are taken, but none of improvements could be noticed, which is very strange. In addition, users usually do not have any straight and clear way to impact exchanges and force them to improve quality, because amount of alternatives is not so big. However, after launch of IronX, all the exchanges will have to change their attitude.
What will be done by IronX?
The main point of IronX strategy is low fees starting from 0,2% of each transaction. If I am not mistaken, it is one of the best options you can find on the market. However, fee may grow in future, but I cannot see any issues with that, especially for people, who own IronX tokens.
Other platforms will tell you that they need to take huge fees to become profitable, but in most cases this statement is very far from the truth. My bank takes 0,5% for every transaction and it remains profitable, so if anybody would tell you that exchanges need to take 5% fees for every transaction or trading operation, you should not trust this person any more.
IronX will dramatically change the level of customer support and fee policy within exchanges, because now only fake projects offer you good terms, but IronX is not fake, it is licensed company, which is recognized by several countries. In addition, they are going to get UK license in the nearest future.
The key to profitability is not high fees; it is high amount of users, services and operations. When company performs 30 thousands operations a day, it need to set high fees to cover equipment maintenance expense only, but IronX will be demanded and amount of operations would be up to 1 million transactions a day, so this platform do not need to rob you. Check IronX website for more info!
Website: https://ironx.io/
Whitepaper: https://ironx.io/IronX_WP_Version_1.2.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5059654
Twitter: https://twitter.com/IronXExchange
Facebook: https://www.facebook.com/IronX-165411397629420/
Instagram: https://www.instagram.com/ironx_exchange/
Telegram: https://t.me/IronX_exchange
Author: https://bitcointalk.org/index.php?action=profile;u=1618122