WOWX is a centralized crypto-to-crypto exchange on the ERC20 platform that is the solution to existing high trading fees, low liquidity of ICO tokens while providing enhanced security.
Right now, the list of cryptocurrencies in circulation today are countless and with a combined market cap of over $211 billion, according to CoinMarketCap, it is no surprise that investors all around the world are eager to trade in this expeditiously growing space. Crypto exchanges have been steadily gaining momentum in recent years and are increasingly profitable, but with the lack of transparency to users and traders.
So, what are the problems with crypto exchanges today?
High trading fees
Seasoned crypto investors often find themselves paying high trading fees. Exchanges on average charges both maker and taker 0.1% to 0.3% in fees, which could significantly affect the trader’s profit.
Low liquidity of ICO Tokens
It is also commonly known that ICO tokens cannot be immediately traded in exchanges post-ICO, resulting in a large spread of low liquidity ICOs effectively lowering the value of the token. Further crippling ICO tokens are the high listing fees — up to US$2.5 million per listing on popular exchanges, according to Business Insider.
Security Issues
Besides the above, hackers are attracted to the speed and size of crypto exchanges — with roughly US$473 million recorded losses in the 2014 Mt. Gox saga. Hackers have targeted more than 30 crypto exchange since 2011. Another major headache that have surfaced of late is the embezzling of crypto funds resulting in heightened considerations for regulations by government bodies.
WOWX is the answer to all the above
A centralized exchange like WOWX provides a fuss free user interface better liquidity, faster transaction speeds and enhanced security. WOWX takes it further by engaging users on the platform through its highly rewarding activities.
Simply by being a centralized exchange, WOWX has a great audience of investors due to centralized exchanges’ popularity among them. A centralized exchange not only facilitates transactions faster resulting in higher trading volumes compared to decentralized or P2P exchanges. This would further increase the liquidity of tokens.
Designed with a user-friendly interface, similar to the structure of traditional exchanges, offers access to beginners and experts alike. This lowers barriers to entry, allowing easy on boarding of new traders, hence, serving a wider database.
What sets WOWX apart?
Smart card
WOWX understands the concerns users have when sending their valuable assets to a single location to be held and the vulnerability that surrounds centralized exchanges and hence, WOWX puts security at its number one priority by introducing a bank-grade secured smart card for its users. The card will allow users to securely store private keys and coins. Multi-factor authentication embedded within the smart card further strengthens security
Distributed transaction rewards
Your WOWX account will divided according to tiers that rewards users with incentives when you actively interact with the platform by trading. Your account will be upgraded as your trading volume increases, so will your rewards.
Airdrop of listed tokens
WOWX token holders will receive airdrops each time a new token is listed on the exchange. The amount of airdrops received is tied to your WOWX account level — the higher level your account is, the more tokens you will be able to hold and therefore, the amount of airdrops (or is it tokens?) received increases. All transactions will be recorded on the ERC20 platform to provide transparency to all account holders with WOWX.
Through these measures, a platform like WOWX amplifies the advantages of centralized exchanges and also further improves security.
