Topic: [ANN] INZIDERX.IO - DECENTRALIZED EXCHANGE [ICO] - page 5. (Read 22288 times)

Hi Lebrond,

I did answer that question two post ago but here's a good image for quick recapitulation.




Kind regards!

It's just another crypto-exchange just like those exchanges that are already running and can be used by the crypto-traders and on that sense, kindly give us your best reason  and use your exchange rather than the others that are already running.

But, the wallet more exchanges for today, the better each exchange has its pluses, and when there is such a big competition, we ordinary users have the right to choose and it's very good.

Hi Lunaluk,

I understand your confusion since it's hard to decipher the differences and advantages of all the exchanges all ready existing and to be built.

InziderX are a team of experience traders as developers that shares some principles regarding the blockchain and trading. The INX plateform is our solution to the problem that we have identified. Let me show you how InziderX is WAY different then any other exchange in place.


Problem: 1,4 Billions $ hacks on decentralized exchange since 2014!  

Solution - Pure P2P : fully decentralized - no master node (as Bitshares / EOS) - no dependency on other blockchain as 0x on ETH. So their's NO third party at any level of the trade. This will be achieved with support of IPFS technology.  

Advantages : - This way, the exchange is fully secure against major hacks, you always keep control of your assets.
                      - Its anonymous, no verification, restriction or capital control.
                      - The exchange CAN'T be taken down - there's no server.
                      - No dependency on any external influence.


Problem: Decentralized exchange have no volume and transaction confirmation is taking too long to trade actively.

Solution : Lightning Network : The lightning Network allow instant transaction. By logic a decentralized exchange traders would need to wait the confirmation time of his last trade to re-trade the same funds.

Advantages : - Establish a relay in between LN users so that coins can get transfer without waiting the confirmation time.
                      - Allow fast transfer in between LN users so that arbitrage in between exchanges is possible.
                      - Allow market maker to move funds as fast as needed on exchanges.


ONLY that should convince ANY bitcoiners to invest in INX!

What is the point of the blockchain if the gate keepers are centralized and under government scrutiny?
What is the point of a decentralized exchange if it use master node (centralisation/monopole) and it dosen't have volume or your can't trade actively?

I haven't talk about the chart package (tradingview) and all the orders option (margin/funding/hedging/complexe order type/stacking) as the community forum that will include signals providers, trading technics sharing and rewards.

I trade FX markets for more then 15 years and trade actively BTC for the last 7 years. I would not take some of my time to establish an exchange if I would find what it's needed on this new market.

But since I haven't found such exchange that is for me a MINIMUM - I decided to make this project happen.

I hope this answer your question and you can see how InziderX is nothing as any other exchange in place right now.

Become an Inzider  
 

  


  
  

I have nothing bad against Insider, but I think in the last a lot of similar projects, I want to understand what you are unique!?

Hi saaayyyeeel,

Thx for you comment.

You are spot on!
Another exchange wont change the world, what will is a one that will be as you describe, one that is really for the traders and user friendly for the beginners.

Over all that InziderX is seeking to establish a technology that is not in place yet (pure p2p with lightning network) and give traders all the tools used on the best FX platform for years.

Best!

Waiting for the full operation of this exchange. We have so many exchanges but what we just need is an exchange that truly run to be a medium for the traders to get more than trading experienced but an easily understandable way of trading for the beginners.

Hi, thx for comments and questions.

We are following our ROADMAP.

- Coin and wallet will be release in December 2018 - with mining start.
- Bounty INX distribution : December 2018
- INX distribution in Feb 2019 for the one that bought in the sale.
- Exchange beta release in july 2019.

The point of the ICO is to finance the exchange development.
Please note that NO exchange as InziderX exist yet.... so we need to create each module of the exchange - no copy cat.

It would have been easy to copy a Graphene 2 code like Bitshares or an ETH one and have an exchange up and running all ready.
But the philosophy of InziderX is to be fully decentralized (no master node) and not depend to on any third party as ETH.

There's a lot of exchange already open, we see no rush to create a new one if it doesn't respect our principles.
We rather do things in steps as planned then rush to create hype that would fade soon.

You will see in time, the wait will be worth!  ; )




 

 

Website is ok, but when should we expect final mainnet release
or even beta where we can test Inziderx exchange first ?