I don't see the need of blockchain technology for this and i am a bit confused as to what different it will be from binance or as a matter of fact any other exchange that is present today. If its just more coins that already hitbtc and etherdelta have like every coin.
This being an australian exchange what different it will be from cryptopia a NZ exchange or coinspot. If its fast they are talking about, binance is currently the fastest of all.
I would like someone to explain as to how this exchange is solving some considerable problem and how they see the token value price going up since exchange coins hardly do well.
Hitbtc charges exorbitant listing fees which prohibits the listing of many smaller coins. Etherdelta is not user friendly and many traders, including myself, refuse to use it for this reason.
If you're not from a Stockmarket trading background you probably aren't aware of the enormous gap in quality and ease of use between leading stockmarket exchange platforms and leading cryptocurrency platforms.
At present, even the poorest Stockmarket platforms are still a pleasure to use compared to the very best cryptocurrency exchanges.
I think you'll find that no current crypto exchange lists more than 500 or so individual coins - we pledge to list at least 1000 within a few months of live public launch.
Coinspot for example only lists 40 or so individual coins. 40 out of 2000 is not good coverage.
We will also be the first crypto exchange to offer insurance to users agains loss of coins from cyber attacks, and should be the first exchange to offer both a centralised and a decentralised exchange from a single interface.
Just as an example of common sense features from the Stockmarket that we will include - the fact that you can only cancel your buy or sell order on most crypto exchanges is really quite bizarre. It is far more efficient to amend an existing order rather than needing to cancel and order and re-do another order, especially with all the decimal places involved in crypto.
There are numerous other common sense and efficient features such as this that we will be implementing.
Regarding how we see our token increasing in value - Binance's token is valued at $150m, approx 150x our token, and their token provides are far less valuable discount on brokerage than Blockbid tokens will.
Obviously they are operating and deserve to be valued much higher than us at this point, but given the vastly increased discount that our token provides, and the much smaller total supply, we would expect our token to be trading at around $150 each by the time we have achieved approx 50% of the trade volume that Binance currently has.
We feel we could reach 50% of Binance current trade volume in around 15 months, so that would be a 150x return for ICO participants in less than a year and a half.