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18th July, Shanghai, China. From the architect of Huiyin Blockchain Venture comes the latest addition in the cryptocurrency ecosystem – Exchange Union Coin [XUC] – a cross-exchange trading badge to advance functionality, ability and standards of chump account for the agenda bill community. XUC bridges agenda bill exchanges about the apple to apprehend investors’ cross-exchange trading, cross-exchange clearing, drop and abandonment amid altered agenda currencies and assets.
Digital Exchanges currently are abandoned from one addition admitting the all-around and broadcast attributes of cryptocurrencies. Many exchanges still acquisition themselves belted by accent barriers and bounded borders- this causes the amount of agenda currencies to alter by as abundant as 10% amid altered the trading platforms. Exchange Abutment Coin encourages the abutment of exchanges through the XUC badge that allows inter-exchange trading to booty abode efficiently. XUC operates as a ‘universal coin’ that can be broadly accustomed and circulated. Exchanges do not accept to account the aforementioned cryptocurrencies as anniversary added in adjustment to use XUC, and can booty advantage of added acquirement from transaction fees.
‘Our trading band-aid will accommodate capital basement for the growing agenda bill market. Bridging the gap amid exchanges maximises the different and decentralised attributes of cryptocurrencies whilst carrying a fast, seamless acquaintance for traders. Agenda bill is approved for its accepted portability and bringing exchanges into a abutment is an capital footfall for the industry to progress,’ – James Wo, Founder, Exchange Abutment Coin.
Phase two of its two year roadmap will see the development of an Exchange Union bunch that will assignment to advance the believability and acceptability of exchanges beyond the industry. The bunch will added accumulate inter-exchange affairs by eliminating affairs fees, ambience up it’s own accord algorithm and alms added appearance to it’s associates (KYC).
Exchange Union is partnered with Huiyin Blockchain Adventure the apple acclaimed blockchain focused adventure basic fund. It has $80 actor in funds and over 20 portfolio companies about the world, including agenda bill exchanges, blockchain use cases and infrastructures. Exchange Union Coin is additionally admiring to accomplice with Jinsheng Basic one of the better clandestine disinterestedness administration institutions from China managing over $4 billion in assets.
The administration aggregation is comprised of experts alive at the accomplished levels beyond the banking and blockchain industries. Exchange Union Founder, James Wo, is additionally Founder & Chairman of the Board of Huiyin Blockchain Venture, the apple arch blockchain focused adventure basic fund. He is additionally Board affiliate of Purse and Ripio. He is abutting by Mikael Wang, ahead CTO of BTCC and above arch solutions artist of Ericsson, Terry Culver, Carnality Dean for Development at Columbia University School of International and Public Affairs and William Hou, above carnality admiral of AJ Securities, one of the ancient banking institutions in China.
Exchange Union will action XUC tokens to absorbed parties in a army auction from 7th August. XUC will accept no pre-sale. For added advice see: www.exchangeunion.net
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