XCRYPT - The Next Generation Ecosystem Based On Blockchain Technology

Market Introduction

The present exchange market is, in our opinion, too small, but xCrypt wants to exploit it to the maximum, also attracting new entrants. A traditional exchange only lists several cryptocurrencies and ERC20 altcoins, not taking every possibility the market has to offer. Currently, Cryptocurrencies are capitalized at around 270 billion dollars of value, but we're especially astounded by the expected continued growth. In alignment with the future, XCrypt decided to build a future proof platform, ready to catch the market's latest developments the figure below displays XCrypt's added values and the differences between xCrypt and traditional exchange.

Problems

• High Fees Trading Average Fees 0.2%
  The average observed in the world's30 best exchanges in 0.2% too high in our opinion
  
  
• Security Issue
  After several known events, too which we will, unfortunately, keep assisting in the future, the exchanges are exposed to the counterpart risk, a huge problem, which make the users loose loyalty.
  
• Shutdown without warning
  It happens too often that, due to problem-related to the security measures freezing the users balances sometimes longer than 24 hours.
  
• Slow customer KYC process
  After the rise in the demands in the last few months, the market top exchanges have never accelerated the KYC process, which is fundamental for a proper client service.
• Problems in making the client loyal
  The exchanges too often don't make the clients loyal, but only attract them, finding themselves very popular in a small period of time, but without having a solid user-base. This happens when masses move towards another platform for few added values.

Solutions

• Zero Fees
  xCrypt adopted a zero fees method, freezing them all
  
• Dex-Cex + CCSS
  xCrypt adopts the highest security standards on the CCSS market, combining them the CE DEX technology
  
• High Services Quality
  xCrypt has in store big investments on the client services, to increase the added value and the loyalty process xCrypt has a solid regulation, offered by its host country, Malta.
  
• Legal and Compliance Problem
  The exchanges are too often subjected to legal instability, that worsen the evolution
  
• Project will Start
  xCrypt has several added values, such as debit card, ERC271 offer and relative marketplace, legal reliability in order to increase the clients loyalty. But it rewards its users withan innovative method called AIRDROP RANKING SYSTEM, which periodically rewards its users.

The Current Exchange Overview

1. Liquidity
2. Certainty and centralized nature
3. CEX or Hybrid?
4. Loyalty management
5. Clearing and Settlement
6. Difficulties of Real-time Trading
7. Certainty and Centralized nature

XCRYPT Ecosystem

XCRYPT Ecosystem will develop two exchange platforms:

Centralized Exchange Platform / HybridExchange Platform

Our drive to excel is fueled by the competition. The only way to climb to the top is to tackle our competitor's problems. Unless we show customers what makes us different, there is little reason for them to a believer in our

XCRYPT Hybrid Exchange

XCrypt is a hybrid, semi-decentralized exchange that provides a trustless, real-time, high-throughput trading experience in conjunction with a blockchain based settlement. By centrally managing trade matching and Ethereum transaction dispatch, xCrypt enables the users to trade continuously without for transaction to mine, fill multiple orders at once, and cancel orders immediately without gas cost.

1. The maker and taker deposit their tokens into the xCrypt contract.
2. The xCrypt database is updated to include customer addresses and token balances.
3. Maker creates and submits a signed order that includes the relevant trade data.
4. XCrypt confirms that the maker's account has sufficient funds that the signed transactions matches what was submitted to xCrypt.
5. If all checks in part 4 pass, the order is added to the orderbook.
6. the taker submits a matching order, signing a transaction with the same price as the target order and an amount less than oq equal to it.
7. xCrypt confirms that the maker's account has sufficient funds that the signed transactions matches what was submitted to xCrypt.
8. If all checks in part 7 pass, the trade is marked as matched and the orderbook is updated.
9. The xCrypt database is updated to reflect the new balances, and both traders can continue to make new traders based these updates, Simultaneosly, the signed order is added to the queue to the Ethereum network for processing.
10. After all dependent tardes have mined, the transaction is dispatched to the blockchain.
11. The transaction is mined and the contract balances update to reflect the trade.

XCRYPT Centralized Exchange

XCRYPT Debit Cards

In order to foster utility value for digital assets, we are planning to team with our partners and introduce the possibility of utilizing pre-paid and debit cards to hold both in cash and e-money as well as in digital assets.

Initial Exchange Offerings and launchpad

In order to make the XcRYPT EXCHANGE attractive for new projects, we will initiate a Launchpad for Initial Exchange Offering (IEOs). As its name suggests, IEOs are conducted on the platform of digital asset exchange. Contrary to Initial Coin Offering (ICOs), an IEO is administered by an exchange on behalf of the project that seeks to raise funds with its newly issued tokens.

As the token sale is conducted on our XCRYPT EXCHANGE, the token issues must pay a listing fee along with a percentage of the tokens sold during the IEO.

XCRYPT EXCHANGE will take a percentage of the tokens sold by the project. This way, there will be an incentive to help with the marketing operations of the token issuer.

As per these mechanics, XCRYPT EXCHANGE is planning to create partnerships with several projects that are interested in selling tokens directly for FIAT or want to utilize our additional service.

MORE INFORMATION 

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Created by: 15persenlucky

Profile link: https://bitcointalk.org/index.php?action=profile;u=1210666

ETH address: 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69