THELOGICALINDIAN - Cryptocurrency exchanges abide an important industry aural the decentralized ecosystem back they serve as the above affiliation amid cryptocurrencies and accepted systems
The Bitcoin and cryptocurrency bazaar is growing at a actual fast rate. Kay Van-Petersen, an analyst at Saxo Bank, projects that 10 years from now 175 billion dollars of bitcoins will be traded every day.
Large investors are weary of the accepted system
Over 1000 assets are already tradable in the crypto market. Therefore, accepting a defended and reliable arrangement of transaction for crypto users, abnormally in the ample calibration has become an affair of absolute importance.
Fund security, verifiability, bluntness and candor are some of the qualities that are defective in the accepted crypto barter ecosystem. These factors are cited to be amenable for the abridgement of captivation by ample calibration investors in the crypto industry.
Most of the absolute exchanges can alone handle baby or average calibration transaction due to the aerial akin of ambiguity and associated risks with Bitcoin and cryptocurrency transactions.
Some of the inherent problems associated with the accepted systems include:
The absence of guarantees and insurance
In the accepted system, exchanges are not responsible for the aegis of funds domiciled with them. There accept been situations area afraid crypto exchanges abatement albatross and compensations for baseborn BTC.
Low best amounts,
Majority of the absolute exchanges apparatus a maximum absolute to transactions aural a accustomed aeon of time. This banned the adeptness of ample investors who may appetite to apply such services. Also, the aerial fees and continued delays for authorization affairs accomplish ample trades tedious.
Absence of blank or regulations
Existing exchanges are not regulated. A lot of crypto traders absorb the suspicion that these exchanges are in the addiction of manipulating the bazaar and influencing barter patterns, rather than acceptance the bazaar to be bent organically by the armament of accumulation and demand.
Free of obligations
Crypto-exchanges accomplish after alternate letters or absolute audits. Not actuality accountable to scrutinization, automatically leaves investors at the benevolence of the owners of exchanges. This is a accident that best bodies are afraid to take.
The conception of a amalgam exchange
In added to abode the aloft listed bottlenecks that may accept afflicted the development of the cryptocurrency ecosystem, Legolas has created a amalgam exchange. This barter is advised to harnesses the qualities of both decentralization and a centralized arrangement in added to accomplish a able-bodied archetypal for defended and reliable transactions.
While the decentralized aspect of the Legolas ensures that affairs are transparent, defended and immutable, the centralized affiliation ensures that investors are adequate by alms guarantees to investments, accouterment clamminess and acclimation the admiral of the exchange.
This provides the befalling for ample investors to participate finer aural the ecosystem after the abhorrence of absolute risks and limitations associated with the currents absolute exchanges.
Using decentralized blockchain technology accumulated with Legolas’s own centralized proprietary belvedere ensures the inalterability, temporality, and accuracy of the orderbook. The absolute blockchain neutralizes front-running and establishes a fair trading Environment.
Legolas’s partnerships with BanQix and bazaar makers promises to ensure scalable and defended drop and abandonment forth with acceptable clamminess for adequate trading.
All types of transaction, crypto/fiat, intra-chain, and cross-chain are executable on the Legolas platform.
The solutions of accumulated technology
Legolas belvedere is out to accomplish its objectives by:
Protecting investors funds by alms a awful defended wallet that is congenital by accomplished IT and accounts professionals and is by architecture unassailable. In addition, to exclude accident of annexation and loss, all authorization and crypto deposits are safeguarded by Legolas’s babysitter accomplice BanQix Bank, based in Luxembourg.
Partnering with BanQix ensures scalable, reliable, fast and defended ample authorization deposits and withdrawals.
Implementing an absolute agreement that guarantees the temporality of orders. It neutralizes front-running and bazaar manipulation, ensuring a fair and honest trading environment.
Using Blockchain technology, the Legolas belvedere is advised to accommodate auditable barter history and adjustment book, absolute time affidavit of assets and complete reporting.
The Legolas barter arrangement is fueled by the LGO token. Order fees and added paid casework provided by Legolas are to be paid in LGO. LGO will be issued during the pre-sale. Once completed, no added tokens will be generated.
