xCrypt: The New Hybrid Exchange in the Market

xCrypt an Estonia based crypto technology company has launched its IEO (Initial Exchange Offering) and is the first of its kind Cryptocurrency revolution which revolves around the services of a crypto exchange but hybrid in nature.

July 8, 2019 /MarketersMedia/ —

xCrypt an Estonia based crypto technology company has launched its IEO (Initial Exchange Offering) and is the first of its kind Cryptocurrency revolution which revolves around the services of a crypto exchange but hybrid in nature.

It is an end to end system providing debit cards and a social platform for the users to come together, creating a strong community.

Despite the market crash of 2018, the cryptocurrency market is projected to reach $14.Billion in market valuation by 2024, growing at a compound annual growth rate of 6.18%. Estonia is one of the countries which has taken groundbreaking steps to evolve this market.
Estonia had the first jurisdictions among the European Union to legalize cryptocurrency related activities. In less than one year since Estonia introduces licensing for companies operating in the cryptocurrency market, the government has provided more than 900 licenses.
This has provided xCrypt with the right foundation to create the next generation of crypto exchange.

Today’s Crypto Exchange Industry

The global crypto exchange industry is growing rapidly, having the highest amount of entities and more employees than any other sub-sector of the crypto industry. Despite that, it consists of some traditional inherent shortcomings to all rising markets. Lack of liquidity is found out to be one of the major shortcomings.
Crypto market has shown a lack of liquidity, which makes it difficult for cryptocurrencies to be available for sale and purchase. The lack of liquidity in the market raises two main problems. One it affects the supply and demand of cryptocurrency in the market, creating a thin marketplace.
Secondly, due to this thin market, the price of cryptocurrency becomes highly fluctuating, creating slippages at the time of purchase.

Moreover, incomplete functionality of centralized and decentralized exchanges have hampered individuals and institutions to effectively take part in the market. Another issue with the exchanges has been with the clearance and settlement of transactions. Clearing and settlement of risk are uniquely high in the cryptocurrency market because cryptocurrency is an unregulated market.
The Exchanges act as a third party that only facilitates the trade between two parties.
Their indirect involvement in the transaction reduces their responsibility for the transactions taking place on their platform. This makes it difficult to resolve issues faced by either party before, during or after the transaction.

It has also been observed that most of the exchanges are not capable of providing real-time trading on their platform. Due to which the confirmation of the transactions become a non-real time and further creates a delay in the order updates.

The Next Generation of Exchange
xCrypt is a hybrid exchange platform which is an of a centralized and a decentralized exchange. xCrypt likes to call themselves as a semi-decentralized exchange which provides real-time, high throughout the trading experience in conjugation with a blockchain based settlement.
To improvise the ease of the doing transactions using cash, e-money and digital assets, xCrypt has also launched first of its kind "xCrypt Debit Card".

When it comes to security, xCrypt is using highly recommended regulations. All wallets at xCrypt protected with AES-256 encryption with their information stored offline. 99.5% of their user's fund kept in cold storage and the distributions system protected by DDOS to ensure the trading, is protected from outside attacks.
All the transactions require two-factor authentication and the system built following the guidelines and regulation of cryptocurrency security standard(CCSS).

xCrypt has a separate marketplace for ERC721 ”The Non-Fungible Token” which is the future for crypto tokens. xCrypt is creating a next-generation exchange platform working its way around many traditional obstacles from a customer point of view. xCrypt have a zero trading fees policy compared with a market average of 0.2 %.
The platform deals in utility tokens and security tokens provides a future proof strategy for customers growth.

Here is a complete list of all the features of xCrypt.

Fully compliant trading operations
Centralized & Decentralized Exchange Platform
Withdraw FIAT from cryptocurrencies
Store FIAT and cryptocurrencies
Memberships
FIAT – CRYPTO / CRYPTO - FIAT
Airdrop Ranking System ERC-20
ERC-721
ZERO FEES
SECURITIES
STO Marketplace
Dependable digital wallets
Full Encrypted Platform
Multi-Language Platform
Fast deposits and withdrawals
Make payments with FIAT and cryptocurrencies
Providing tutorials and webinars from expert traders
User-friendly website interface
Mobile app
SECURE
COLD WALLET STORAGE
SOCIAL TRADING
DEBIT CARD WITHDRAWAL
Referral System

About xCrypt: 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 waiting for transactions to mine, fill multiple orders at once, and cancel orders immediately without gas costs.

Contact Info:
Name: xCrypt
Email: Send Email
Organization: xCrypt
Website: https://www.xcrypt.club/

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Source: MarketersMedia

Release ID: 88893698