In the past two years, cryptocurrency has gained popularity and is rapidly becoming increasingly mainstream, thanks to increased global adoption. With the development of blockchain technology, many of the existing functions provided by banks, financial institutions, and companies will be replaced with platforms capable of utilizing blockchain technology to lower transaction costs and improve security and reliability.
Since 2017, many blockchain-based financial services providers have emerged to meet this need. Large financial institutions are also beginning to move into this newborn space, with some degree of success. However, this industry still has the potential to be developed. With the application of blockchain technology still growing at an exponential rate, we will see many positive changes in the future. CGCX aims to be a leader in financial services for cryptocurrency, as well as Singapore's top hybrid exchange platform.
Calfin Global Crypto Exchange or CGCX is an advanced hybrid platform that aims to provide broad and specialized actions for daily users or merchants. The cryptocurrency exchange platform is an all-in-one exchange that will allow participants to buy and sell different digital currencies through the platform. Furthermore, CGCX will aim to unify the transactional aspects of the cryptocurrency world by going beyond typical exchanges.
The CGCX hybrid platform not only allows our clients to trade confidently in all cryptos, but also allows new alternative coin publishing tokens (altcoin) to register their tokens for trading. New tokens can be listed in our pool for voting. The CGCX team will perform a due diligence review of a token looking for a list. Once approved, the token will be registered to choose between our platform users. Based on the voting result, tokens can be registered on the CGCX platform.
Users on the CGCX platform can use their CGCX Token to select multiple tokens. We plan to use 50% of tokens received as voting fees for insurance fees to build further insurance coverage. Newly registered alternate tokens will be continuously monitored further and may be deleted at any time if they do not maintain the eligibility of the list based on the criteria set by CGCX.
The current contract system is largely paper-based, and therefore vulnerable to inefficiency, fraud and high transaction costs. When a merchant sends goods, he receives a bill of lading paper. To obtain trade finance, for example through letter of credit, this bill of lading must be sent by courier to the bank and through many manually managed checks and balances in the system.
This process is relatively slow, which creates the need for a digitally efficient system such as blockchain. Our platform has the ability to program smart contracts, which can make payments automatically without human intervention. All tradable assets that may be represented through digital token and may be traded public may be used in this smart contract, subject to regulatory requirements.
Each of our smart contracts will be written by experienced solidity developers, and, as an additional security measure, they will also be reviewed by a professional Etherealum Whitehat team prior to deployment.
Our merchant platform allows users to engage with our trading partners. Our platforms can be integrated with the existing Merchant Sales System ("POS") and ecommerce system to receive crypto currency as a medium of exchange. Our data analytics engine will provide insight into customer behavior, spending patterns, and trend analysis so that traders can better position themselves to meet their customers' needs. The merchant tools and payment gateways provide businesses with the perfect tool for managing crypto currency.
Merchants can start receiving payments in cryptocurrency in just a few minutes by plugging in a payment gateway (if the business is operating online), or installing a CGOS POS (web-based and mobile-based app) app. After configuring the online presence of the business in our merchant list, merchants can begin promoting their products and services to thousands of cryptocurrency users from around the world.
CGCX's ront-end interface will be user-friendly for new and professional merchants. A typical exchange function will be presented with intuitive visual feedback that is common to other applicable exchange platforms. Our high performance exchange platform is modular, lightweight, and extensible. This ensures that we provide the best possible service to all of our users while maintaining our usability and productivity.
Protocol interoperability is another key feature of our platform. We have a team of experienced developers available to support, maintain and improve exchange platforms to ensure that we are always able to adapt to new protocols, features, enhancements, and enhancements.
CGCX comes in the form of a digital currency named CGX. CGX tokens will go on sale from June 1, 2018 to June 30, 2018, at a price of 8500 CGX equivalent to 1 ETH. The token purchase itself can be done with foreign currency such as Ethereum, Bitcoin and Bankwire. Do not forget, get also purchase bonuses at certain time period.
CGCX itself is the result of teamwork led by ANANDH SWAMI who strive to provide their best capabilities in this project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
The CGCX team has developed this platform to meet growing demand from mainstream traders and investors. CGCX believes the ease of completing the transaction, coupled with the reliability and security of the platform, will expand the reception and daily use of cryptocurrency.
So that's all for review our ICO project for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
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