Stroxum - A Hybrid System Adopting The Best Of Centralized And Decentralized Exchanges
Stoxum aims to revolutionize the cryptocurrency market and launches its first public pre-sale of its token on May 10.
Stoxum aims to revolutionize the cryptocurrency market and launches its first public pre-sale of its token on May 10. This is one of the first cryptocurrency exchange platforms that will offer a quick technical solution for organizing its customers and an option to make their own cryptocurrency exchange or the introduction of software for working with cryptocurrency on their own sites.
According to the Stoxum whitepaper, all Whitelabel projects will be located in the same ecosystem and have a single liquidity base, which will allow from the first day of operation to give users access to all active orders within the ecosystem. The success of even a single Whitelabel platform will increase the income of the entire ecosystem.
Moreover, the owner of Whitelabel will be able to independently register his service and obtain all the necessary licenses to carry out legitimate activities - for this purpose, a verification system within the AML / KYC policy is available in the functional.
The Stoxum team, who have decided to keep their real names anonymous, stated in the project presentation:
“We decided to give each user the opportunity to run and configure trading bots in just a few clicks. Bots support a flexible system of bidding settings, and also have the ability to install a stop loss / take profit algorithm.”
Stoxum cryptocurrency exchange will have top-5 cryptocurrencies available for trading at the start, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.
Getting Profit from the Transparent Open Source Platform
Stoxum will offer a special dividend system where each token holder gets the right to receive income in the form of dividends, which will be proportional to the amount of ownership, relative to the current emission. The system promises to be 100% fair and each holder will get rights to access all financial statistics of the platform.
Stoxum team said:
“We believe that a system in which each holder of a token is not only interested in earning revenue from dividends or increasing the value of a token but actually has the ability to independently influence the value of a coin is win-win.”
The introduction of Stoxum helps users solve two significant problems which are the complexity of the technical implementation of financial products for working with cryptocurrency and liquidity within a single exchange.
HOW DOES STOXUM SOLVE THESE PROBLEMS?
- Considering dividends as a method of social marketing:
- [The amount of dividends] = [100% of the total income of the platform]
For example: if a user has 1% STM tokens, and the platform earns $100 in 10 minutes, he will receive 1% of that revenue every 10 minutes.
Before sending dividends, the system aggregates revenues in different currencies and purchases the tokens sold on the platform to be sent as dividends. Such a mechanism promotes the growth of the token itself and also allows you to keep tokens on your personal wallets and not become attached to any exchange.
This approach should encourage each token holder to promote the platform, attract new users because it will increasing their income. This will significantly save on advertising budgets and maintain a level of trust.
- Using white label and ecosystem:
With the help of Whitelabel solutions, any company or entrepreneur will be able to launch their own crypto exchange, without having the technical knowledge by just a few clicks. This solves the problem of the long development process and large employment cost of programmers.
This platform is sure out of the box as it receives not only the full functionality of the original Stoxum, but also the ability to customize the interface, add/change functionality, and the possibility of legalization using the built-in AML / KYC functionality.
- Creating a single pool of liquidity and orders within the ecosystem:
The main advantage for companies that exploit of the Whitelabel solution is the access to a shared pool of orders. For example, if there are 10 sites in the ecosystem, then starting from 11 - users will immediately get access to orders placed on all exchanges.
For early investors in the Stoxum token, there is a special bonus of up to 25% within the first public pre-sale form May 10 to May 20.
All the code can be viewed on GitHub.com and all the basic functionality will be developed by the Stoxum team. A beta-test of the platform is scheduled to begin on August 20. As the platform develops, each third-party developer is invited to contribute to the functional part of the project.