A Detailed Analysis of Cryptocurrency Exchange, LIQUIDITEX

In the present era of digitalization and globalization, cryptocurrencies have become quite a popular mode of payment because of their unprecedented features, which place them a notch higher in comparison to other payment mechanics. The supply and demand for virtual currencies have increased substantially over the years, and this has resulted in an increased need for their conversion too. In order to fulfill this demand and supply of digital currencies, cryptocurrency exchanges have up their services to survive in the market.

Having being tucked with an array of highly-reputed cryptocurrency trading platforms, the crypto space has recently welcomed another revolutionary exchange named Liquiditex. The crypto exchange is currently in operation and purchase, and sale transactions are being executed through it. Being in the nascent stage, the platform is presently having a limited number of crypto pairs, though, it aims to increase the trading pairs count in the future.

Liquiditex engine has been created and fine-tuned in a manner that it has the potential of conducting up to 100,000 transactions every second. This amazing speed promises to place the exchange in the top-tier studded with a substantially large number of trading pairs being used by the strong client base. The exchange is at the forefront to ensure high-grade safety of its assets as well as the user assets. It uses cold wallets to store 95% of all the assets and also fosters additional security codes for withdrawals. The exchange also offers the facility of instant withdrawal of all user assets thereby safeguarding the tokens in case of an intrusion by a hacker.

At present, Liquiditex exchange works on a single web version, but, in the future, the platform aims to unveil applications for android and iOS as well. The trading exchange has released its native ERC20 token named LEX in the amount of 100 million units. The price of 1 LEX token is 1 US Dollar. As per the reports, 15% of these tokens will be transacted through a private sale, 60% will be given to the exchange team, 2% are reserved for marketing, 3% for maintaining trade, and 20% will be restored in the exchange reserve.

The exchange is also launching a customer positioning solution named Shell, which will work as points for the users and will help them attain higher ranks in the exchange rating. The more the number of shells with a person, the better privileges and rights he/she shall receive. Also, a person shall be entitled to earn more Shell awards in proportion to the Shells he/she already has. There will be periodic redemption of Shells, and the owners will get a fair chance to sell off their Shells easily.

A person needs to register on the Liquiditex exchange by confirming the email address, connecting Google-authentication, and creating additional security keys. There is a requirement of KYC only when one needs to withdraw higher amounts of crypto in one go.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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