The Solution Features AXNET Token
What is AXNET?
Asset Exchange Network (AXNET) is a licensed virtual currency to fiat exchange with a licensed virtual wallet platform based out of Estonia. We service our traders worldwide by giving them the first hybrid trading platform that offers both a Centralized and Decentralized exchange that allows our traders to toggle between the two. We are listing traditional BTC, ETH, and USDT pairs with also fiat pairs like USD and EUR through our license and banking networks. Our AXNET Token (AXN) is the fuel of our ecosystem that gives the users the ability to access exclusive features and discounts on the exchange and enable our Trade Mining system.
Our proprietary trade engine allows it to be used in both our centralized and decentralized trading interfaces to give a high throughput user experience in either trading environment.
Unlike other exchanges that either offer a centralized or decentralized exchange, AXNET allows you to utilize both in one platform with a flip of a switch.
Our AXNET trading Platform hosts a traditional digital asset exchange with rechargeable addresses and allows users to utilize their own wallets in our Decentralized Interface enabling a peer-to-peer transaction.
AXNET EXCHANGE FEATURES
This will be a centralized exchange platform designed to host major cryptocurrencies for trading pairs of USD, EUR, GBP, BTC, ETH and USDT with using our high-performance matching engine for smooth trading. We will enable Margin trading on this platform as well in the future.
Built off the Ethereum Network, the Axnet Decentralized Exchange runs a Hybrid Mechanism where we use an off-chain settlement system while you as the user controls the custodianship of your funds. This allows a symmetric high-speed exchange platform with full ownership of the funds belonging to the user.
Eos Decentralized Exchange
As the EOS main net has launched we strongly believe in the future of EOS and the tokenization that will come aside it. Having said that, we have the to launch a Decentralized EOS Token based exchange by Q3 2019.
Fiat Based Service
Users will be able to trade not only major cryptocurrencies but all supported tokens and coins versus fiat pairs to give a full comprehensive fiat service via bank wires or SEPA transfers.
Axnet will host an ICO incubator built into our exchange platform that will allow our strategic partners an opportunity to run their ICO through Axnet. We will enable all regulatory, compliance, due diligence, and escrow work for the team and they will get priority listing in Axnet.
For 70% of the available supply of Axnet Tokens which amounts to 700 million AXN, we will be distributing those for free to Axnet Users. We will calculate 100% of our transaction fee income into AXN against the real-time rate and distribute them to our traders proportionately based on their trading volumes
Income and Expenses
Axnet’s income comes from very low remittance fees charged on trading and withdrawals compared to other exchanges. This will also be increased as soon as we start collecting the listing fee for putting up other cryptocurrencies and tokens on the website.
We charge a very small amount compared to other cryptocurrency exchanges when our platform users want to carry out withdrawals from the platform.
When trading on the platform, we charge the two parties involved in the trade a very small percentage of their cryptocurrency as the trading fee. To ensure and encourage robust liquidity and tighter spreads in our markets, Axnet employs a volume-tiered, maker-taker trading fee schedule.
A small fee or interest will also be charged on the borrowed amount if platform user trade on margin amount.
Our expenses are mainly on the promotion of the platform to have a wider reach as well as, operation and logistics cost including further research and development of blockchain technology so as to ensure that our platform is up to date.
There may be other fees the platform may collect for various services such as automated algorithmic order, listing fee, and others.
This is the expense we incur when bonus payouts are made to Axnet token holding users.
This is the expense we incur when platform users invite new users through their unique referral links.
These are some of the issues faced by current crypto exchanges:
- Poor Technical Architecture
- Insecure Platform
- Poor Market Liquidity
- Poor Customer Service
- No Fiat Bases
- Centralized or Decentralized
The Solution Blockchain Technology R&D
Axnet is a blockchain based entity and as such, funds will be directed towards continuous research and development of the technology to scale up our performance and ensure that we are up to date.
As earlier mentioned, Axnet token is the official token of Asset Exchange Network. Axnet, a true centralized and decentralized cryptocurrency trading and exchange platform designed with high speed, security, and compliance in mind. Since the token is based on ERC 20 and was created by leveraging on the technological convenience of Ethereum blockchain, it supports all the Ethereum wallets available.
Token Features AXNET
Axnet ICO Review — Licenced Hybrid Crypto Exchange
The number of cryptocurrency tokens is continually growing, and so is the number of exchanges as well. This is needed as token liquidity is a huge problem for many cryptocurrency projects, and integration into the established exchanges is often hard or too expensive for smaller projects (cost can be up to 500,000$ for listing).
AXNET trading platform
hosts a traditional digital asset exchange with rechargeable addresses and allows users to utilize their own wallets in our Decentralized Interface enabling a peer-to-peer transaction. AXNET allows you to utilize both, centralized and decentralized, exchanges in one platform with a flip of a switch. Our proprietary trade engine allows it to be used in both our centralized and decentralized trading interfaces to give a high throughput user experience in either trading environment. https://www.trackico.io/ico/axnet/ https://findico.io/ico/axnet
Acquire Axnet Token Bonus
To ensure the vibrancy of Axnet platform as well as active involvement of platform users, we will incentivize customers who hold Axnet token in their wallet with bonus, that will amount amounts to 50% of the total trading fees realized by the platform.
If the rate BTC-ETH trading pair on the platform is 0.063 and exchange volume per day amount to 30,000 BTC, using 0.1% rate from the pair, 30 BTC and 476 ETH will be charged as the trading fee by the platform respectively.
Trading Fee Discount
With Axnet token in a user’s wallet, a lower fee can be enjoyed by such user. In the user settings page, the trader can activate Trading Fee Discount which will give the user 50% off trading fees when playing with AXN.
Other Exclusive Rights
Having a substantial amount of Axnet token in your wallet will give way to more privileges by the holder.
Other Exclusive Rights
Having a substantial amount of Axnet token in your wallet will give way to more privileges by the holder. These include Token Voting, Membership Discounts, Exclusive Offers and more.
Future Decentralized Exchange System Gas
As mentioned earlier in this treatise that Axnet team is dedicated to continuous research and development in the distributive ledger technology, blockchain, we plan to create decentralized exchange features in the nearest future and Axnet token will be used to for running and providing necessary gas in the exchange system.
Axnet Distribution based on Trade Mining for platform traders.
Axnet Distribution Plan
The ICO will be done in BTC, ETH, LTC, ETC, BCH, EOS, XLM, ADA, ZEC, and XMR based on ETH Conversion rates.
10% Axnet token issued by founders amount to 100 million tokens and would be subject to a 4-year lock-up.
Buy Back Mechanism
As soon as the Axnet platform begins operation, 20% of the net profit will be used to buy-back Axnet token every quarter and the buyback tokens will be destroyed after purchase.
What is the exchange trying to solve?
1. Stability and Scaling
Although the number of exchanges currently operating already is high, many of the more significant exchanges are giving their customers terrible experiences. Many crypto exchanges are created in a simple way, which causes problems when the volume on the platform increases. This can lead to laggy, slow-responding interfaces as well as downtime from time to time.
When it comes to exchanges, safety is most definitely the most important factor to analyze. Hacks in crypto exchanges seem like a never-ending occurrence, as hackers continuously find flaws in the exchanges that can be abused. Most recently, the so-called “decentralized” cryptocurrency exchange Bancor lost 13.5 million USD due to a security breach.
Axnet claims that they are following the highest security standards to make sure that the exchange is 100% safe for all users.https://icoshock.com/axnet-ico-review-licenced-hybrid-crypto-exchange/
Exchange platform is very important in crypto ecosystem. It is one of the core driver of crypto economy and without it the value of any coin or token cannot be determined. We have seen how crypto assets grew into multi-billion dollars assets with daily trading on both centralized and decentralized exchanges in billions and some of these are exchanges reaching $100 million in daily exchange volume and have continuously maintained this growth. https://steemit.com/ico/@nevashno/axnet-ico-review
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“This article was created in exchange for a potential token reward through Bounty0x”