RipaEx is building what will be the largest network of decentralized exchanges in the crypto-market

The ecosystem will reduce entry costs for new exchanges as well as provide shared liquidity in the network.

7 min readJul 16, 2018

Introduction

RipaEx is a Crypto Asset Marketplace that will host several cryptocurrencies exchanges, the main focus of the project is to provide resources and technologies to allow the opening of new exchanges at a more affordable cost, through an Open Source Exchange platform totally free, efficient, reliable and will also have shared orderbook with all other exchanges of the network making even the new exchanges have liquidity since its first day of operation.

The RipaEx ecosystem is built on top of ARK technology, but it’s hosted in a distinct blockchain, what I mean is that RipaEx is an entire ecosystem being built into the blockchain RIPA which is an ARK fork.

The challenges to open a new crypto exchange

The process for opening a crypto exchange involves many steps and like any other business, you have to ensure that each step is executed with quality. We are talking about a high level of investment that involves the development of robust software, asset security, sufficient capital to provide liquidity, management, and hiring of teams, and compliance with government regulations.

We can say that the three main challenges are platform development, security and liquidity and only these three points consume an absurd amount of capital and time, this ends up limiting the participation in the sector since to play this game requires high-risk investments.

Develop software that can provide an intuitive and user-friendly experience and still handle all the demand generated in an exchange requires very high investment and still need to maintain teams of developers to ensure that the system works properly.

Asset safety is a recurring theme in the news, this ends up putting an initial weight on the exchange of gaining customer confidence, but even robust security investments have proven incapable of stopping hacker attacks. Mt. Gox is one of the most famous cases where 740,000 Bitcoins were stolen causing enormous damage to both customers and exchange. Situations like these happened several times making big and powerful exchanges victims.

And after spending a lot of money developing and maintaining software and security it still takes a massive capital to guarantee liquidity to customers. This is the essential prerequisite, without the necessary liquidity all investment is lost, the wheel does not spin.

The RipaEx network solutions

The RipaEx network will offer complete solutions to facilitate the opening of new crypto exchanges. This will allow them to create a strong and prosperous network of decentralized exchanges working together in a completely secure system through blockchain technology. The main goal of the project is to lower the barriers by allowing the exchanges to focus on what really matters.

This means that it will no longer be necessary to worry or spend time and money developing a platform or even have a high capital to provide liquidity because that is exactly what RipaEx proposes to deliver to the new exchanges, increasing the possibilities for them can leverage their business.

But how is this possible? Peatio is the answer! Peatio is an open source assets exchange, a complete platform able to handle all the demand of an exchange and is totally safe and easy to use. The team made changes making it even better to distribute it free of charge to the exchanges of the RipaEx network. The application supports a large number of features and is fully open source enabling the exchanges to customize according to their needs. Peatio is a secure, ready-to-use platform with support for multi-languages, multi-accounts, and many other features.

ARK and RIPA walk together

ARK has very interesting solutions and RIPA will trust them as its blockchain technology providers, meaning that as ARK updates its code, RIPA will also update to achieve its goals. ARK has developed one of the best technologies to optimize exchanges between different blockchains and this will also be available on the RIPA network. The ARK 2.0 update will bring numerous features that will be essential to the RIPA blockchain.

DPOS consensus

RIPA adopts the DPOS (Delegated Proof of Stake) protocol is the main alternative to POW (Proof of Stake). This consensus ensures lower electricity costs, lower transaction rates, a faster and safer network, and greater decentralization than Bitcoin.

Ripa Liquidity Service Provider (RLSP)

The platform will share liquidity through the Ripa Liquidity Service Provider (RLSP) functionality that will create a unified orderbook connecting all the exchanges in the RIPA network guaranteeing high liquidity. This functionality combined with two other innovative Smart Bridge and ACES technologies will be able to make the Ripa exchanges perform cross-chain operations, that is, distinct blockchains will be able to exchange information.

Smart Bridge is a native feature that runs in the core of ARK and for cross-chain operations to be possible, both blockchains need to make a hardfork and add the code to make them compatible with the technology, and Blockchain ARK acts as an intermediary (Listener). Just like ARK, RIPA also has embedded code in its core.

ACES (Ark Contract Execution Services) is what will allow the universalization of Smart Bridge technology because it does not require blockchains to have an embedded code. ACES is an Encoded Listener Node that behaves like a hub using the Smart Bridge to connect two distinct blockchains to a real interoperability.

These technologies are key to making the negotiations fully decentralized and enabling them to realize the benefits of centralized exchange. There will be no more barrier between different blockchains, this opens a new path for crypto coins to fulfill the real purpose for which they were created: security and decentralization.

Roadmap

RipaEx is a long-term project, its development will still go through several stages until reaching its culmination, see below the schedule available in the official ICO page.

2017 — idea conception, analysis
2018 — genesis block creation, private sale, RIPA TEC
2019 — Ripa Exchange Opening, FIAT <-> CRYPTO operations, RLSP analysis, RIPA VM
CENTRALIZED crypto asset marketplace based on Peatio: everybody can download the code and install in their servers. Ripa Exchanges in the Ripa network won’t talk to each other in this phase.
Ripa Liquidity Service Provider technical analysis, implementation, deployment
2020 — Hybrid-decentralized exchange
RLSP provider: Ripa Exchanges in the Ripa network will talk to each other with RLSP
2021(Q2) — Fully decentralized

Looking at the Roadmap we see that the Ripa Exchange will go through three phases, the first one where it operates in the traditional CENTRALIZED model, the second where it will be converted into HYBRID-DECENTRALIZED, offering both centralized and decentralized exchange resources like the FIAT currency exchange and in that same phase the exchanges of the network will be connected by sharing liquidity from the RLSP. And the final stage where all developed technologies will be fully functional which will make it a completely DECENTALIZED.

Token & ICO

XPX is the RIPA token being sold at ICO. The token will play a key role in financing the project as well as being the official currency for payment of services within the network such as listing cryptocurrencies, promoting new projects, sharing liquidity between network exchanges in addition to payments at RipaEx Store.

ICO is in the RIPA TEC phase that started in July and runs through December 2018, this phase was subdivided into small periods of discounts on the token purchase, as time goes on the discounts are also decreasing. There are bonuses being offered within those time periods plus another bonus valid until the end of the ICO of € 1000.00 in trading fees when the exchange is live (valid for purchases of at least € 100.00 in XPX tokens).

Listing price

At the beginning of RIPA TEC, 1 XPX was being sold at € 0.05 and at the end, it will be sold at € 0.096 and should be listed at € 0.10.

Conclusion

The crypto market has big challenges and one of the biggest is undoubtedly able to create a decentralized and efficient market at the same time. Each blockchain has faced its own challenges to make its networks faster, but that is not enough. What’s more, you need to eliminate barriers by allowing the blockchains to communicate with one another so that the market becomes definitely decentralized fulfilling its purpose of bringing people freedom and security.

The RipaEx project is on the right track by adopting Smart Bridge, CES and RLSP technologies that together will be able to provide a liquidity flow that will be positive for both the exchanges of the network and the entire cryptocurrency market.

By creating a totally favorable environment RipaEx is undoubtedly a smart response to the development of new exchanges.

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Disclaimer

This article is a general presentation of the RipaEX project for informational purposes only. This article does not constitute an offer, an invitation or a recommendation to invest, to sell or buy any security or any right, by RipaEx or any related or associated company in any jurisdiction.

I also wrote this very quickly and it may contain typos. If you notice any typos, please bring it to my attention.