We are developing Caytrex, our own public exchange!
Last Sunday we shared information on Twitter that the GCC surprise project that has been under development over recent months is our own public exchange, already almost 3/4 finished! Let us shed some light on the Caytrex project while we are waiting for the release of the masternode wallet.
Recent market moves show concentrations of exchange markets and bigger and bigger influence of old financial market players in crypto sector. Exchanges are being bought by big players, lots of cool projects/coins being delisted without any warning by exchanges causing people to lose all invested money — to promote mainly those, where they have percentage share. There have been serious warnings issued during last months that more and more delisting may happen, market concentrated to small number of coins (where large shares are already redistributed among couple of huge market influencers). This is a serious threat for all smaller and medium projects — without good exchanges and stability they might be easily crushed.
Exchanges require substantial money and percentage share from projects they agree to list. This causes centralization and loosing independence by real project owners — opposite to what we believe crypto market should be. Many cool projects cannot afford to pay millions of dollars for being listed and don’t agree to give most of their dev coins to exchange owner. This is why we decided to enrich the GCC ecosystem with an exchange that will be complementary to the services we already have and become a part of our coin development strategy.
As an active crypto market maker, we will also help other interesting coin projects to survive by accepting them on fair conditions. This is called Smart Coins Alliance. Our community will help us recognize valuable projects to list them on exchange, make available on our GCC Merchant platform and BitFreezer cold wallet.
Smart Coins Alliance in a nutshell
- Listed projects carefully chosen by experts and community voting
- Close cooperation with management boards for transparency and free access to essential project information
- Synergy effect in building global awareness
- Merchant platform integration for accepting payments worldwide
- Cold wallet integration to store your coins safely
As a long term project, we have built Ecosystem 24 and merchant platform to secure existence of our coin in real world as a payment method regardless market manipulations and regulations and backed it to 3D industry sector to secure its performance in the future. Recent situation on exchange markets made us react according to Safety First rule. We decided to start a project of our own exchange half year ago as the last missing pillar of our long term strategy for the GCC coin. With Caytrex, Global Cryptocurrency will have ensured liquidity and long term life independent of third parties’ decisions and threats of delisting.
The exchange is about 70% ready. This means we have done market research, completed engine structure and core and already finished phase 1 engine testing. Caytrex will be a user-friendly market with advanced, stable engine with proven track record and fully professional trader view as well as one-click instant buy/sell mode for beginners, among having other features.
As part of the GCC family of products, Caytrex is going to support the community and GCC holders will benefit thanks to it in different ways that are yet to be announced. Expect more detailed technical and financial information as we come closer to its completion. Prepare for some exciting news, cheers!
