Point Pay Crypto Ecosystem

Point Pay Crypto Ecosystem

Have you known about the new technology in the crypto market that can manage, save and grow your capital? Now, the time is yours! It all only can be given by point pay. In this article, we serve you with the point payment system and ecosystem. Let’s go down!

In the financial markets, cryptocurrency is a fast-developing asset class. Because of its speed in both development and innovative features, there are variations among them and cryptocurrency need an unusual way of working with it.

Besides, there are also some issues such as, it is difficult to manage several cryptocurrencies because one must protect their private keys, and check for vulnerabilities in different clients for saving money, the user must remember the specific mechanics of different cryptocurrency. Therefore, the existence of point pay is much needed. It is specially created for the investors, traders, business and everyone who uses the banking system.

It is an all-in-one platform which encompasses the full circle of services around cryptocurrency point pay facilitates users with daily transactions on a digital platform. The users can get some service products such as bank crypto, crypto exchange, and crypto wallet. An available service will help the users to get the best experience in using the cryptocurrency technology banking platform.

Additionally, the platform will enable businesses and traders via its exchange platform for offering advanced capabilities, for instance, asset tokenisations and Initial Exchange Offerings (IEOs). Point and pay fees have already had contacts with more than 50 banks, 25 payment systems, as well as 20 lawyers who deal with the licensing crypto business issue. Moreover, it has 4 years of experience in supporting the payment systems such as signing a contract, working with banks and other payment systems. They are guiding a crowdfunding campaign through the sale of 500,000,000 tokens. The tokens of point pay will be carried out based on the Ethereum platform with the standard of ERC 20. The user security in the transaction will be guaranteed so that it has user trust in the digital platform. Moreover, it is quicker transactions and payment settlements. The total supply of its token is 1,000,000,000 tokens.

By using point pay, the users will get some features. There are 9 features. First, the low cost. The most important thing in implementing a cryptocurrency technology system is to build a system that is easy and the cost is small. Therefore, point pay comes at a lower cost. Second, the speed transfer. This feature is very helpful for the point pay users since it provides the best service with quick transfer process for every transaction needs. It supports everyone’s role to be able to communicate without boundaries.

Third, unlimited currency point pay serves the users with the unlimited currency which will help them to speed up the transactions and have only point and pay log in to overwhelm all their digital exchanges. The next feature that the users get is the facility of transaction. Maybe it is not far different from the conventional banking system which provides the users with the virtual currency cards, debit, credit, fiat and crypto. This service makes it easier to exchange at any time.Then, it also provides cryptocurrency loans. This feature enables users to get funds that they need. Besides, point pay has cryptocurrency acquisition that helps the users to do a transaction comfortably on the digital platform. The other feature is having online cellular banking.

In recent years, having online banking needs to be developed to follow digital evolution. It becomes one of the online banking providers with several facilities. It can be accessed with cellular use. This service makes users easier to catch every global transaction. One feature that point pay had is crypto forex trading, which makes the users get the ease of payments and asset security. Last but not least, point pay also offers users with crypto deposits and loans that enable them to use the cryptocurrency and get benefit from it.

Ann Thread: https://bitcointalk.org/index.php?topic=5146099.0

Website: https://pointpay.io/

White Paper: https://cdn.pointpay.ip/WhitePaper_en.pdf?cache=14

Social media:

https://twitter.com/PointPay1

https://www.facebook.com/PointPayLtd

https://t.me/pointpay_talks

 

Thepoint Payment Ecosystem

 The ecosystem of the crypto industry is very attracting not only the investors but also for ordinary users as the way to get maximum profit in a short time and a fast transaction of any kind of intermediaries. It is noted that many people like the idea of “finance without borders”. This is the reason why the cryptocurrency users’ number is tremendously growing and approaching the psychological mark of 50 million people. It is a very rapid growth dynamics. In 2018, its number reached 2000 and increased at the end of the year to be 2500.

 

 

Substantively, the point pay Payment System (PPPS) is used to solve one of the most pressing issues in the crypto market, for instance, the liquidity of crypto assets. It will be solved by integrating with payment providers and leveraging its cryptocurrency exchange service. There are 3 products of point pay as the following parts:

  • Point Pay Crypto Bank
  • Point Pay Crypto Exchange Platform
  • Point Pay Multi-Currency Wallet
  1. Point Pay Crypto Bank

The first point pay ecosystem is point pay Crypto Bank, which will have functions and features are the following explanation:

  • Crypto credit and crypto debit cards

By a credit card that connected to VISA/MasterCard electronic payment, the users can pay and withdraw funds in wherever they are. The application is developed in conjunction with the debit and credit cards issued. Also, it is guaranteed with the high security and acceptance of cards in almost any ATM in around the world.

  • Crypto banking

The expending of crypto credits to business and the receiving of crypto deposits through a personal account with a high level of privacy.

  • Car Loans for Buying Car

By issuing crypto credits, buy cars which allow making a contribution to crypto economics and improving the financing structure of a crypto bank and increasing crypto flows.

  • Cryptocurrency Mortgage
  • Cryptocurrency Deposits and Saving Accounts

Not only keep the cryptocurrency safe, but point pay Crypto Bank will also let the users receive interest charges due to the crypto bank saving accounts existence that ensures a decent profitability level.

  • Buying and Selling Stocks in Cryptocurrency

From a smartphone, the users can buy and sell stocks of any companies directly by using cryptocurrency. It is an excellent opportunity to expand the portfolio investment of any investor.

  • Cryptocurrency Transactions and Transfer Worldwide

It takes a lot of time and energy in any bank transfer. By using online crypto banking, users can enjoy the ease of making cryptocurrency and fiat transfers. They can transfer wherever they are. The thing that they need is the only smartphone which can access the internet.

  • The Provision of Services on the Forex Market
  • The ways to recharge the balance of the user account with the help of WebMoney, Yandex Money, payments systems, bank transfer, cryptocurrency, as well as with Visa and MasterCard bank cards.
  • Mobile Crypto Banking

Wherever the users are, they can do an instant online transfer both of cryptocurrency and fiat which is supported by Apple Pay, Samsung Pay, Android Pay, and Cashback and referral program.

  • Virtual Crypto Card

By the support of NFC technology, the possibility of ordering a virtual crypto card both of cryptocurrency and fiat money with instant receipt of details. Additionally, via any ATM anywhere in the world, withdrawals can be conducted.

  • P2P Loans

The platform of point pay will serve its users with the opportunity to get a loan from a private person or another banking institution. It is playing the platform role that unites both borrowers and lenders.

  • Cryptosoft for ATM

The team of point pay will develop software instead of the pointless release of expensive ATM terminals. It will be implemented in the existing ATM system of other companies.

  • Consulting Banking and Legal Services

It will help in opening fiat and cryptocurrency accounts.

  • Crypto – Acquiring

The opportunity of fast, transparent and anonymous payment of cryptocurrency of various goods and services in stores, cafes and restaurants using PXP token.

  1. Point Pay Crypto Exchange Platform

The first cryptocurrency fundraising campaign was accompanied in 2013. Through the funding on the initial coin offering or the token sale, thousands of startups have used this form of attracting investments and collecting millions of hundreds of dollars.

Meanwhile, in 2017 and 2018, the projects of cryptocurrency carried out the campaign of token sale directly on their landing sites and they listed the tokens on exchanges. Hence, in 2019, it is so-called IEO that refers to Initial Exchange Offering.

It is necessary to take into account to enter the IEO on top exchanges, startups need not only the huge fund amounts but also well-established business contact with representatives of the top management of these exchanges. On the other hand,point pay offers cryptocurrency blockchain projects to fascinate funding based on the well-defined and standards that will be developed by an experienced advisor with many years’ experience.

In this following points, we provide you with some benefits of the implementation on point pay exchange.

The first benefit is the benefits for the investors:

  • With established standards, the increased investor confidence as the exchange takes reputational risks on itself and evaluates the project for its compliance
  • “Gas Wars” or exclusion between investors competing among themselves for the right to be the first to receive the precious tokens during the token sale at a more attractive price
  • Get a low entry level for investment that democratizes the process and access to a wide range of crypto exchange users.

While the second benefit is the benefits for the project of cryptocurrency conducting token sale:

  • Can save money spent on marketing the projects, as the crypto exchange organizes the token sale to attract the investors
  • Have a guaranteed achievement of soft cap and hard cap by informing an advance crypto exchange users who have the potential to take part in a token sale
  • Can increase the token liquidity after making a listing on the crypto exchange.

Last but not least is the benefit for the point pay Crypto Exchange Platform:

  • Can increase the income from the trading fees
  • Can attract the new traders who were not registered on the crypto exchange
  • Can growth the cryptocurrency liquidity and deposit the assets to the crypto exchange
  1. Point Pay Multi-Currency Wallet

It is also one of point pay product that has functioned as the following:

  • Having an ability to securely save several popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and so on.
  • Having an ability to recharge the balance of several popular fiat currencies such as dollars, euros and yuan with the help of VISA or MasterCard, UnionPay, Payer, etc.
  • Having an ability to exchange the funds in the fiat-cryptocurrency
  • Having an ability to cash out cryptocurrency through the withdrawal on the Visa or MasterCard, Union Pay, etc.
  • Generating statistics on the overall account balance and displaying it in dollars, euros or yuans
  • Providing an up-to-date cryptocurrency rate data
  • Allowing the users to create a virtual portfolio of cryptocurrency that automatically calculates the value of it with the percentage of each cryptocurrency to the total number
  • Having an ability to create the user own cryptocurrency portfolio
  • Protecting the account login by a two-factor authentication system (2FA)
  • Having an ability to send money to business partners and relatives via SMS
  • Having an ability to accept payments in cryptocurrency on the website or online store
  • Having an ability to track all transactions performed in the “History of Transactions”
  • Having an ability to recharge the smartphone balance and pay utility bills

That is the ending of all about point pay technology and its ecosystem. Shortly, point pay is new blockchain-based banking in recent years that is purposed to facilitate the daily transactions of users on the digital platform. Through point pay, the users can get several service products from bank crypto, crypto exchange, and crypto wallet. These services will guide the users to get the best experience in using the blockchain technology banking platform. Additionally, it provides a security vector in each service.

To get the further detailed information you can visit these links:

Ann Thread: https://bitcointalk.org/index.php?topic=5146099.0

Website: https://pointpay.io/

White Paper: https://cdn.pointpay.ip/WhitePaper_en.pdf?cache=14

Social media:

https://twitter.com/PointPay1

https://www.facebook.com/PointPayLtd

https://t.me/pointpay_talks

Several Things Why You Should Use BIZpaye

Several Things Why You Should Use BIZpaye

BIZpaye is a unique trading platform which has a different system with a convenient way of trading. It’s been the first platform in modern trade history. The main goals of BIZpaye marketplace are to give you a flexible and convenient way to do a transaction. Not only for a big firm, but a BIZpaye system also helps the small and medium enterprises to liquidize the idle and generate more revenue.

Trade barter provider like BIZpaye, which will explain more detail next, is organizational commerce which provides a bookkeeping system for its clients and members. They do a transaction using an internal currency called trade dollars or trade credits. This is will be our point why you should use BIZpaye.

Barter systems today has been an effective way of saving your cash, increasing sales, moving inventory and maximizing your idle capacity. BIZpaye can be the best solution for your company to starting to go internationally without spending much money.

To be the members of BIZpaye, you have to join by initially completing some registration form. Once you done, you are officially the group member of BIZpaye. You can directly sell your goods or services or get it from other members. Every single transaction you do will give the benefit. You get the point in your personal account wallet and can be exchanged into rewards whenever. The information token crypto stored on your wallet is a public information, so all of memners can has the same ability to determine the transaction level.

Transaction System

Currently, the BIZpaye token currency as the part of BIZpaye international group companies has operated in 12 countries around the world using a franchise strategy. To be able to do this such kind of transactions, the members’ company using a credit token as their encrypted wallet.

The participants can exchange or do a barter transaction, which is a direct exchange of both goods or services for other goods or services as well without any medium such as money. All of the participants also can buy their token credits to other members as the main currency to exchange goods or services. That’s why this system also is known as a ‘trade’ or ‘barter’ industry.

 By using the     BIZpaye credit as the currency, BIZpaye’s participant could enjoy an efficient way to increase sales, cost saving and improving other financial performance. Before continuing our discussion bellow, there are two important terms you should know about BIZpaye credit:

  1. Utility token, is an application coins or users token. They have an access to enabling them to explore the provided goods or services by seller members.
  2. While Security token is kind of digital assets that gained its value from the external assets and available for traded.

Market overview

BIZpayeis a retail marketplace which has its unique name which generally known as “CRYPTO” which initiate that this is the instant name to recognize the coin as the main tool to doing a barter, trade, exchange goods and services, and other financial transaction.

Nowadays, more than 45.000 companies in the United States using BIZpaye crypto to doing a barter credit among partners. The un-joined company might be invited to using what is termed “being in credit” and it is possible to the partner company to doing a cash transaction and saving their money 50-70 percent per transaction.

BIZpaye also provides networking event such as Business Seminar, Top Trade events and many mores that generally aimed to help the company partners to promote their business to increase the profitability, improving the company images and profile among merchants members.

BIZpaye also provides networking event such as Business Seminar, Top Trade events and many mores that generally aimed to help the company partners to promote their business to increase the profitability, improving the company images and profile among members.

Actually, the base principal trading of BIZpaye credit is just the same with a conventional bank account. When bank account acquires you to pay the interest and has time to repay, the BIZpaye allows you to free from overdraft and paying the interest.

Why You Should Use Bizpaye?

After knowing some base definition about BIZpaye credit, now, we will give you information about the advantages of using BIZpaye. Here is some benefit when you are decided to using a cryptocurrency for your business transaction:

  1. Flexibility

As we know that BIZpaye credit using barter token and cryptocurrency as its main tool for doing transactions. This system allows the partners to expand their financial activities to cross the border without transaction limit and has no deadline.

BIZpaye also provides a free online business promotion to all of its members. Not only for a big company, a small and medium-sized enterprise also has the same opportunity to get the facility. Compared with n convenient ecommerce that requires the members to pay some advertisement fees, this system helps you to saving much money as your advertisement cost.

  1. Reducing Your Cash Expense

What is across in your mind for the first time when hearing about money exchange? It must be kind of wasting your currency to get a little bit dollar right? BIZpaye credit provides a fair exchange system using cryptocurrency, so it allows all the currency in the world to converted into a credit token. BIZpaye helps you to reduce your cash expense so you can increase your business cash flow.

BIZpaye also provides a free online business promotion to all of its members. Not only for a big company, a small and medium-sized enterprise also has the same opportunity to get the facility. Compared with n convenient e-commerce that requires the members to pay some advertisement fees, this system helps you to saving much money as your advertisement cost.

  1. Increasing Profit

As we explained earlier in the top, BIZpayeroutinely doing a networking event to socialize your business among partners around the world. This opportunity will help you to attract a new business colleague and attract a new customer. You can build a new contract to repeating their transaction which can be locally or internationally. You can get this benefit in every single transaction you do. Instead of requiring you to pay the interest, BIZpaye will promote your business freely and deliver a new customer to do a transaction with you.

This is can be a solution to improving your business performance by increasing sales and gain a higher profit. Besides that, you can save you many dollars by using cryptocurrency for doing transaction among partners especially international colleagues.

BIZpaye credit also can be applied for Business to Business (B2B) marketplace, Business to Consumer, even Business to the government marketplace. So.This systems widely reach every single marketplace.

  1. No Universal Currency

Since we know that BIZpaye using the cryptocurrency which means that it can be used in every single country, this will make a transaction among country can be easily compared and can be dominated in the same unit. By using a swap crypto systems, international trade can be as simple as domestic trade. This also affected in tourism system. For you who want to go abroad, you don’t need to worry about your currency. You can just easily use your trade credit without changing your currency to dollars or your destination country.

By a single currency as well, all of goods or services can have a minimum charged price. This is means that the benefit of being no universal currency is to improve cost efficiency, higher price transparency, and etc.

  1. Price Transparency

As we know that Bank is the most responsible financial institution to control all of the money flow. This is not without reason. The first objective is to monitor how much is money outstanding in a country. So, the government could avoid inflation and all of problems from over outstanding money.But nowadays, since the internet is a crucial part of all aspect like politics, social, culture, and economics, transparency can be easily achieved and accessed by all parties and stakeholders.

BIZpaye provides this kind of facility. By using cryptocurrency, seller and buyer can directly know who is managing their money. Blockchain technology, the provider system used by BIZpaye can be a solution to a single transaction by decentralizing ledger. So, both parties can see who is actually happening with their financial condition and who is controlling their fund. At the same time, they also can enjoy transparency when doing a peer-to-peer transaction, especially among country which typically needs much cost.

This condition helps stakeholders to improve their trust among partners and can affect to continuing the contract. Such condition has an impact on the business profit which typically increases as long as client trust is increased.

BIZpaye Ecosystem

As explained earlier in the top, BIZpaye is a commercial organization which consists of a group of clients and members. Every each of them has a different part to support the sustainability of the company. Just like a convenient market, the member of BIZpaye system interacts each other as the buyer and seller. This unique marketplace can be applied as B2B, B2C, C2C, and C2B.

  • Clients As A Buyer

A buyer member is an institution or individual who wants to get some goods or services from other members within an effective, efficient, trusted ways, and high speed through the available transaction medium.

To be identified as the buyer, members typically doing such activities: Searching good and services provided by other members, ordering goods or services, pay for purchased goods, receiving bonuses such as crypto rewards, and receive the other promotions such as purchase discount,  promotion, and so on.

  • Members As Sellers

Has a contrary defined term with a buyer, members as seller are parties which can be individual or company who provide the goods or services and willing to sell them.

Just the same with the buyer, they also have some specific action to distinguish them from the buyer.

The seller members usually promote their goods or services in the BIZpaye account and publish them, delivering the goods or services when there is order and they have a right to claim revenue after the transaction, giving some promotion to other members as its consumer, and also providing some feedbacks.

  • Payment

In e-commerce payment methods, we usually found some inconvenient in term of lack of trust among sellers and buyers. By using BIZpaye trade and BIZpaye crypto swap platform, both parties can directly control what should they do, and what are their partners do.  Those two BIZpaye platforms can eliminate or at least reducing trustless information and financial activities from both parties.

Even this is more transparent rather than convenient e-commerce, there is a principal manner that should be done by the seller and buyer. Both of them should create a contract to determine the detailed action should be fulfilled by both parties. The buyer can directly determine when their purchased goods or services should be delivered and what kind of payment method is chosen to do. While the seller can determine when the payment is received, what kind of benefit they provide for its consumer.

That’s all some aspect and consideration why you should use BIZpaye. Before you are determined to use this system, please search as much as possible the information about this system. You can read this article as initial actions. Even this is globalization era where the internet holds an important part of our life especially in economics, you have to be well informed before doing anything.

Once you are certain to do, you can maximize your business transaction by expanding your commerce activities borderless among the country. You are possible to gain much profit by reducing your cash expenses and doing an efficient transaction. The Decentralized currency also will give your business impact to reduce the exchange fees either. Besides that, you can use the BIZpaye system for personal purpose. One dollar you spend from your token credit is a real saving dollars in your bank account.

Lets Join in MycroJobs Platform To Ease The Job with Blockchain Technology

Lets Join in MycroJobs Platform To Ease The Job with Blockchain Technology

Mycrojobs is the first platform that tries to build a global peer-to-peer network, by connecting people who need simple job support. The system built works with people who are looking for extra money in real time. This concept will be realized so that it is not just an idea. Technological development to reach everyone globally will help you get a real job.

Developers have recently launched an MVP that works on TestNet. Through the user-friendly Mycrojobs platform, users can offer or apply for any short-term job. That includes work from home, shipping, virtual, and skilled services. Mycrojobs is built using intelligent algorithms and known self-learning from dating platforms. This algorithm will make Mycro match work in real-time with the right contractor.

The accuracy of work with resources will help make it easier for people who need jobs to earn income. In addition, employers will also easily complete their needs. Mycrojobs will ensure that every job will be completed on time by being handled by a competent person. Job handling in accordance with the skills of job seekers will also make work easier to solve.

The application of a decentralized concept makes the ecosystem apply the use of Economic Tokens. Mycro token (MYO) will be fuel in the ecosystem so that liquidity needs to be maintained. The use of tokens will allow transactions that cannot be trusted through decentralized escrow payments. The concept can also reward users for creating a reputation for each other and advertising platforms.

Mycro plans to sell the next token to collect $ 14 million to offer 66,000,000 Mycro tokens. The funds raised will be used to develop the mobile application Mycro protocol. In addition, the Mycro application (iOS / Android) will be built to facilitate access. Mycro will also create a liquid-rich market for service supply and demand through a global market launch strategy. This will generate strong demand for liquidity tokens for the entire ecosystem.

Ann Thread: https://bitcointalk.org/index.php?topic=5008139.0/

Website: http://www.mycrojobs.io/

White Paper: https://www.mycrojobs.io/download/Mycro-Whitepaper-EN.pdf

What Are The Current Market Conditions?

Various kinds of human activities need to be completed in everyday life. That includes working and carrying out daily routine activities. You can’t stretch five minutes to an hour when you don’t have time to mow the lawn, take a walk, or shop for groceries. Today, our time is externally controlled by our work, social life, and many daily tasks.

A survey by the Gallup Organization of 2.5 million Americans found that 80% of respondents did not have enough time to do what they wanted every day. This situation is very severe and can even be described as a failure of collective culture to effectively manage our most valuable resource, namely time. Time poverty exists in all economic strata, and the influence is enormous.

Research shows that those who feel poor time experience lower levels of happiness and higher levels of anxiety, depression and stress. They experience less joy. They lack laughter, lack of exercise and lack of health. Their productivity at work decreases. They are more likely to divorce. There is an urgent need to outsource unwanted daily tasks in order to have more time for the most important things.

 

What Is The Real Problem?

Problems with the implementation of digital platforms lead to fewer users. That can happen when new users find it difficult with a complicated interface. Or lack of interest in users due to costs. There are various obstacles that become obstacles to its development. Further recognition of ecosystems is needed to obtain convenience in transactions. Some of the main problems in this field include.

  • The absence of platforms around the world

Everyone has a list of tasks with dozens of canceled tasks which are preferably outsourced or done by experienced people. But workers are hard to find and there is no global platform that brings together demand and supply for home, shipping, and skilled services under one roof, helping you to turn your work into completion with the help of others.

  • High cost

Some local platforms in the performance economy charge up to 30 percent commission. Budgets for simple tasks do not allow for high service costs, which kill supply and demand dramatically, limiting the number of tasks that can be outsourced. High operational costs for payment, completion, and the provision of expensive customer services hinder the maintenance of an efficiently developed platform.

  • Centralized killing dynamism

Ranking and user data has become one of the most valuable assets, not only for the platform. The dominant player on the market limits users from taking their own ranks to other platforms. They use their position as intermediaries to control data, ratings, and user reviews to keep them in their closed systems. Centralized players dictate proprietary ranking policies instead of freeing rules around rankings. Despite the efforts of the users to produce positive ratings, ownership is not given to users, and ratings cannot be made to other platforms.

 

Mycrojobs Provides The Best Solution For You

Ecosystem developers really understand the importance of solutions to solve various problems that occur. At present the use of technology continues to be maximized to facilitate every human activity. To get the best experience on digital platforms, Mycrojobs is developed above blockchain technology. Here are some of the main advantages of the Mycrojobs platform.

  1. The First Global Decentralization Platform For Simple Jobs

Introducing Mycro. The first global decentralization platform for simple jobs with self-learning algorithms that allow matching jobs in your environment in real time. Mycro changes independent jobs, builds mobile devices, a large collection of workers and customers that they can reach, and the ability to utilize rich real-time information to make more efficient matches.

  1. Low Cost

Mycro connects users directly through peer-to-peer networks and cuts operational costs by utilizing blockchain and its community. By eliminating intermediaries, high fees of up to 30% that are usually charged no longer have to be paid. Users only pay a fee of 0–5% for using Mycro.

  1. Full Trust

Escrow payment: Remuneration will be sent directly to an escrow smart contract before work begins. The money will be held in trust by a smart contract escrow when the work is done (escrow). Job providers and employers do not have access to money. As soon as the job is finished, a smart contract will take care of the contractor’s remuneration. An intermediary or payment service provider is no longer needed for payment of one job.

User verification: In addition, users are through the Know-Your-Customer (KYC) process. User verification status is stored in a decentralized manner on the blockchain (the identification document itself will not be stored on the blockchain, if stored at all). Manipulation or fake accounts are ruled out in this case too, because of the link to the blockchain.

  1. Rating That Is Democratized

Smart contracts monitor every work done. After the work is done successfully, smart contracts give employers and employers the option to assess each other. These ratings / reviews are linked in a decentralized manner to the relevant Ethereum user addresses and encrypted and stored in IPFS data for each user. In this way, further manipulations or false judgments do not apply. Each user has a 100% ownership rating.

Now you can find your job easily by utilizing a blockchain technology platform to get jobs according to specifications. Besides, the ecosystem also ensures job providers to provide payments right after the work is completed. Immediately participate in token sales events for transactions at Mycro Ecosystem.

Social Media:

https://twitter.com/Mycrojobs

https://www.facebook.com/mycro.jobs/

https://t.me/mycrojobs

https://medium.com/mycrojobs

Guess What, Cryptocurrency Exchange Problems and Its Solutions

Guess What, Cryptocurrency Exchange Problems and Its Solutions

If you are a businessperson or people who are interested in investment, you definitely will understand its development. In the financial industry, a cryptocurrency developed. However, it takes place to gather together with some issues that plagued it.

Actually, Bcnex wants to develop technology in the future era by exchanging the digital assets and cryptocurrency which will be an important thing in the financial industry. The digital assets technology has begun to show their impact in the real world. It adapts quickly and become a trend in the industry. One of the examples is cryptocurrency exchange.

The cryptocurrency exchange has become the central attention of people over the world in digital currencies field. In each year, this exchange platform is increasing. From this cryptocurrency exchange, people not only get benefits but also suffer significant scaling-issues, both on the operational and technical side.

The Problems of Cryptocurrency Exchange

In this article, we provide you with some issues that the investors may face in these digital assets, cryptocurrency. There are 6 problems as the below explanation.

Let’s take a look at the detailed information!

  1. Weak Technical Architecture

Some digital exchanges were conducted by professionals engineers who have many experiences or with no experience at all in the field of finance so, they did not know how to operate financial services platform.

Usually, to get the system up and running they will choose the easiest way to save money and time. This exchange may work well in the first place it is. However, this may come worst when the number of traffic increases, while the system is overloaded and unable to process users’ request. In other words, people can buy or sell on cryptocurrency and they will not catch it in Bcnex.

Despite, an exchange should be well-designed with an efficient, enough security, speedy transaction, and the scalability. On the other side, Bcnex is established by well-experienced workers especially in the financial system in Forex market as well as real-time data application system. They have an in-depth understanding in the sector needed.

  1. Lack of Security

Because of malicious activity or hacker infiltration, statistics show that hundreds of exchange were closed. In 2017 and 2018, due to targeted attack according to the data from Group –IB, exchanges suffered total loss of $882 million. Meanwhile, Bcnex is designed by the highest security standard that can minimize hacker infiltration or another access from the irresponsible system or might be people.

  1. Low Market Liquidity

Basically, the main goal of the exchange is to create high liquidity, support investors in the trading system, and take initiative purchase or sell decisions. However, the digital assets exchange mostly did not meet the requirements so, it leads to unpredictable results for investors.

Liquidity is an important element for any of market, and due to the decreasing of liquidity, orders are not placed on time and the doors are opened to manipulate prices. Therefore, it leads to an imbalanced environment and things go out of control. In short, to attract coin miners, investment institutions and high-volume traders to a newly established exchange is difficult and requires an experienced team with an in-depth understanding about this new market.

  1. Poor Customer Service

Customer services are often ignored by some exchanges although this is one of factor that determines exchanges success. Based on the Accenture study, there are 52% of customers who have had a bad customer service experience with the company stop purchasing their service and product.  By this moment, many users will complain about the bad services they received from the company so it leads to the poor of customers support.

  1. Trading fees

On cryptocurrency exchanges, the trading fees are sort of a two-edged sword. When the fees are low or no fees at all, the liquidity of exchange also increases. It permits large investors to deploy crypto prices cheaper and easier. Besides, cryptocurrencies naturally promise to interrupt the financial sector by making transactions far cheaper.

  1. Trading pairs

Besides trading fees, the issue also can exist from the trading pairs. It happened since there are 200.000.000 (two hundred million) individual tokens of cryptocurrencies that will be a very significant problem. So, if you want to sell one token for another, automatically it requires two traders which makes the double amount of fees necessary in order to exchange the token.

The Bcnex Exchange Problem Solving

After knowing about some issues that exchanges may face, we also provide you with some Bcnex exchange problem solving that can be the ways to reform those weaknesses. There are five ways that can be conducted to solve those issues are as follows:

1. Technical Solution

In this part, there is two technical solutions provided as follows:

1) The BCOMS Order Matching System

The BCOMS or The Bcnex Order Matching System is a component, which matches both of buying and selling exchange orders. In other words, it is a feature to buy and trade. Also, it is considered as the most eminent part of Bcnex that is built with high precision. All purchase or trade orders are stored with high performance queues and a good quality system which is designed to minimize the possibility of losing data.

So, all buying and selling activities will be stored in the high quality storage which ensures the users that their data will not lose. The BCOMS is the fastest exchange since it is capable of doing 2.000.000 trading orders per second. This flexible scalability makes the elimination of common issues on the overloaded system is very capable.

2) A Stable System on Microservices Architecture

To make sure scalability, a stable system on the microservices is used by adding physical servers when the system needs to handle a large number of transactions. With load balancing system is placed, the capacity of the Bcnex increases up to 99,9%. Besides, to improve their users, the access to speed is improved.

The microservices on Bcnex is divided into small services with separating databases which let us to make scale and modifications without compromising the whole system.

2. Safety and Security Solutions

It is also divided into 2 parts like the below explanation:

1) Multi-layer Security Architecture

Bcnex has already completed with a system engineering from the ground up with security in mind. Come up with it, Bcnex also deploys the security system into multiple layers which include, robust firewalls, anti-DoS, multiple user alerts. If Bcnex found some strange activity, automatically it will block the account for a certain period. It also will notify the user of the account.

To put it briefly, before attempting to perform any transaction activity in the process of KYT (Know Your Costumers) Bcnex will ensure all the user’s security crypto assets which aimed to achieve banking industry in the level of security compliance and auditing. Also, it uses Google/SMS 2FA for the users. This aimed to act related to security on the trading platform as a security measure.

2) Optimal Wallet Solution

It is very eminent to consider a large number of cryptocurrencies which are being stored on the major exchange. Hence, to keep users security, Bcnex is accomplished with the security solution which consists of a hot wallet, a cold wallet, and secure hardware.

The operational system of those wallets is similar to what is applied by Bank, ISP providers, and the developed countries government. Mostly, the vast Bcnex assets (98%) are stored in the cold wallet, whereas the remaining balance is stored in the hot wallet that is enough to cover the number of daily withdrawal users.

3. Liquidity Solutions

Bcnexhas worthy experiences in everything including from design to client support all the way to modify liquidity management and low latency trading architecture in the forex market industry. Moreover, Bcnex has many good partners in the industry who will be the key to the exchange launch and make them easier to build well established foundation of an existing business.

4. Customer Service Solution

Along with the development of exchange infrastructure, Bcnex began to consider customer service as a vital part in the digital economic industry. Therefore, they realize that they have a large amount of users, so they provide the users with always ready service management team who are willing to solve any issues. So, Bcnex is established for offering a flawless user’s experience.

Substantively this article does not mean to address one of particular individual or entity. It is just glimpse information that we write in order to share you if you guys interested in it.

That is the end of this article. Hope we do help you guys to know about Bcnex exchange problems and its solutions. Thank you! Happy Reading!

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Ann Thread: https://bitcointalk.org/index.php?topic=5111223.0

Website: https://www.bcnex.net/?lang=en

White Paper: https://www.bcnex.net/BCNEX_WP_ENG.html

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Posted by: kurniawan05

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