what do you know what deflex is. Deflex is the first cryptocurrency exchange, Deflex has created an exchange that combines deflation with all cryptocurrency, no matter if it's a token or a coin. from their point of view, there are two types of exchanges. One type of exchange is those that create new features, new services and make the cryptocurrency industry a step further for mass adoption.
Deflex will set its own server locations around the world in certain regions so that it not only has control over its own network and thus ensures the prudence and security needed for users, but also to be more decentralized. This means that Deflex is central and decentralized. Because the location of the server is unknown, setup issues cannot arise and each user can use Deflex without problems and restrictions.
Problem
Bad technical architecture
Without the right infrastructure, Exchange will not exist for a long time. Today, many exchanges use cloud services or third parties that can offer them the computing power they need and can provide them immediately. However, this creates a problem because dependence on these service providers and third parties is increasing. This raises the problem that in the event of a third-party server failure, Exchange itself also fails. This can also increase the risk of a hacker attack, because the infrastructure is not available.
Deflex will set its own server locations around the world in certain regions so that it not only has control over its own network and thus ensures the prudence and security needed for users, but also to be more decentralized. This means that Deflex is central and decentralized. Because the location of the server is unknown, setup issues cannot arise and each user can use Deflex without problems and restrictions.
KYC revolus
This is a real problem that threatens the decentralization and anonymity of cryptocurrency. Cryptocurrency was created to change and revolutionize the current monetary situation. The KYC process is required by the authorities and exchanges often have to request this from their users due to international law. On the one hand, exchanges can meet certain regulatory requirements and enter into various partnerships, and users can also feel safer because KYC increases account security. On the other hand, this increases the influence of the authorities on exchanges and fewer users dare to come to exchanges that require KYC.
Anonymity Deflex and decentralized infrastructure not only guarantees security of assets and other data, but also immunity against individual authority. Deflex will not require KYC from its users and will also defend cryptocurrency freedom and anonymity in trading.
Customer service
By far the biggest complaint that users have with existing cryptocurrency exchanges is poor customer support. The problems are many and include long withdrawal times, login problems, support tickets that are not answered, and documentation that does not exist. When dealing with such large amounts of funds, users need a professional customer support experience to receive the support they need.
At Deflex, one of the top priorities is a pleasant user experience, and one of the biggest user experience enhancements to be made in today's digital currency exchange is customer support.
Lack of transparency
From a user's perspective, it is difficult to know what is happening behind the scenes exchange. Many exchanges keep secrets of their income because they want to hide it from "competitors". Many are kept secret. Also for what costs are used.
We want to change it with Deflex. Exchange reaches its peak only through its own community. That's why users need to be able to know what the company is doing in the background and what ownership is at the moment and therefore the public will be able to see all the latest data about the Status Deflex Platform. This includes the current balance of fees collected.
Deflex exchange
● Exchange of deflation
Every month there will be a burning day in Deflex where the collected currency will be burned for a period of one month. Currency is collected on each transaction that incurs costs. A portion of each fee is added to the Burning Pool and kept transparent there. These will then be opened later on the day of burning and sent transparently to the burning address so they can be burned. This is done with every cryptocurrency collected and anyone can view this account freely on the blockchain.
● Matching Machine
Our machine is able to maintain 900,000 orders per second. This value will be at the beginning. Over time we will improve our machines. We expect to reach the level of 1,700,000 orders per second.
Coin
Deflex will support trading pairs in the following coins:
● BTC
● DEF (Deflex Coin)
● USDT (Tether)
● TRX (Tron)
More trading pairs will be added from time to time and we will ask the community if they want more trading pairs and which ones. This vote will take place in our exchange in the poll section. Deflex will also support the ERC20 Token trade and the TRC20 Token trade.
Revenue Model
Deflex's revenue will come from the following sources:
● Exchange Fees
Deflex will initially charge a fixed fee of 0.1% per trade. Other variations will be introduced later, including maker-takers, exhausting based on volume and promotion costs. We have no plans to charge a fee above 0.1%.
● Withdrawal Fees
Deflex may charge a small fee for withdrawals
● Recording Costs
Deflex will choose innovative coins and other assets to be listed on the exchange, there may be costs associated with the listing.
Deflex Coin (DEF)
We will issue our token, which is called Deflex. A strict limit of 91,000,000 DEF will be made, never increased. DEF will run natively on the Ethereum blockchain with ERC-20. DEF is also one of the deflationary cryptocurrency, because the supply of DEF does not increase and the day of the burning we are aiming for, which also involves the burning of DEF.
Allocation
● 60% - Initial Coin Offer (ICO)
● 35% - Company Funds
● 5% - Founding Team
Use of Funds
● 65% of the funds will be used to build Deflexchange and
infrastructure, which includes team recruitment, training, law
support, administrative costs and development budget.
● 25% will be used for Deflex branding and marketing, including
promotion and continuing education from Deflex and Blockchain
innovation in industrial media. Adequate budget for various things
advertising activities, to help Deflex become popular among people
investors, and to attract active users to the platform
● 10% will be saved as a backup in case of emergency or
unexpected situations that might arise.
TOKEN
Coin Deflex gives holders various options to benefit from the platform. By using Deflex Coin when trading, this allows users to save 50% of the cost. Another option is to bet Defleks Coins on the platform and get some of the costs for yourself. Monthly burns will also occur, which will reduce the supply of Deflex Coins and thus reduce the amount of DEF in circulation.
TOKEN SALE
Simbol Token: DEF
Total Token Supply: 91,000,000 DEF
Total Supply Tokens for Sale: 54,600,000 DEF
Token Swap Offer Offered: 1 ETH = 1595 DEF
Public Crowdsale Date:
Starting: 20. March 2020
Deadline: April 10. 2020
Hard Cap: equivalent to 4,500,000 USD in ETH
Soft Cap: equivalent to 1,700 USD in ETH
minimum contribution: 0.1 ETH
ALLOCATION
60% - Initial Coin Offer (ICO)
35% - Corporate Funds
5% - Founding Team
USE OF FUNDS
65% of the funds will be used to build Deflexchange and infrastructure, which includes recruitment teams, training, legal support, administrative costs and development budgets.
25% will be used for Deflex branding and marketing, including promotion and continuing education from Deflex and Blockchain innovations in the media industry. Adequate budget for various advertising activities, to help Deflex become popular with investors, and to attract active users to the platform
10% will be stored as a backup to deal with emergencies or unexpected situations that may arise.
ROADMAP
August 2019
Concept Development & Development
The international team starts working on the platform.
Blockchain is still very new to the general public. The majority of people think that this is just a type of online currency. We will use the blockchain to help solve problems with crowd funding. More specifically crowd equity funds. There are many different crowdfunding platforms out there today. One of the first and most famous is Kickstarter. On Kickstarter, people invest in ideas they like, and in each investment group you are offered a gift, usually the better the more you invest. The prize will be worth less than the investment amount. If you really believe in the idea that you are investing, why not become part of it? With EQ Tokens, any investment you make in a company will give you equity in that company and allows the distribution of dividends and the ability to sell your equity at any time. If you had invested $ 10 in Uber in 2009 when they were valued at $ 3.7 million, your $ 10 investment will now be worth more than $ 250,000 because they are now worth more than $ 100b. Imagine if you invested the $ 10 in Kickstarter and got some new Uber key chain as a gift ???
Why Blockchain?
So why is raising money using blockchain better than the current method? Cost The crowdfunding method currently has quite high costs. This is due to the fact that crowdfunding companies are rarely able to handle financial transactions themselves and often have to pay third parties for these services. Using cryptocurrency, we will be able to easily handle all transactions on our own, continuing financial savings to our customers Justice Most crowdfunding companies cannot offer equity in return for investment because it is too difficult to precisely track who owns what and easily sell shares. By using an Ethereum smart contract, we can easily divide a portion of 20% in the company into billions of small shares that can be traced back to individual Ethereum wallets to enable the distribution of profits (dividends) or the sale of tokens. Ownership Since the first day of creating a token for a new project, you have 100% ownership of your token. You can send them to whoever you want, exchange them for whatever you want or even store them in an offline location to keep them safe. This type of freedom and ownership only comes with a blockchain.
The Future of Crowdfunding
EQ Token will use blockchain technology as a way of crowdfunding equity that is far better and more efficient. The benefits of using a blockchain from an investor's perspective are:
Small investments can be easily tracked and provided with a proportionate portion in the company through the use of tokens
Profit sharing can be distributed evenly and easily to all investors
Investors can also be given voting rights that can be verified by the number of tokens they have in their online wallet (this feature will come later)
This token can be sold privately to other investors or sold on our own token exchange at any time. Benefits for company listings on our crowdfunding platform are:
The company register will pay a small fee (used to validate listings, <$ 350) and the collection of money / verification is done by our service.
They can offer a portion of their company, which we will legally hold. We can then convert this to 100,000,000 tokens to be sold to investors
Each quarterly / annual profit portion is then given to us which we can distribute equally to all token holders
If there is a failed crowdfunding project where the goal is not achieved within the allowed time frame, we can return the investment received
Problem
Of course, this kind of trap can easily be linked to a high entry threshold, and the fact that despite the fact that the investment world is one of the most profitable areas in the world, it is also one of the highest-risk.
However, there are also investment methods that partially reduce barriers to entry, as well as risks associated with investment, and this investment method is called crowdfunding. I think many of you are familiar with this term and understand what it is. But for those who hear about this direction for the first time, I will explain. Crowdfunding is popular or because it can be called collective capital investment for the development of other people or some organizations and companies.
Of course, this type of investment has certain successes, but in a centralized world it still has a number of weaknesses, which the new decentralization project wants to change. What I really want to tell you today.
The advantage
In addition, EQ Tokens open new opportunities not only for investors who can start to take an active part in one of the investment applications offered on the website, but also for the business itself. Which, in turn, by publishing their own offer to investors on the EQ Token website, will be able to quickly collect the amount needed for the development of their project, giving shares of their project in return for the token. Which in my opinion is very comfortable and fair.
It is important to note that the founders of the platform and EQ Tokens will overload any project that wants to enter the list of recommendations for crowdfunding on their website for a small fee of an average of $ 200 to $ 300. For this amount, the founding team intends to carry out checks detailed and evaluating business ideas, and checking them for acceptable levels of risk. As soon as verification is successfully completed, the project will be credited to the platform.
Cost
We will charge a registration fee for each project of $ 200- $ 300. This is to review each project, evaluate the business, and give the project a risk rating.
We will charge a 4% fee for each fully funded project.
We will have 3% tokens from each project.
We will charge a 2% fee for all dividends.
We will charge a 0.25% fee for each token trade on our website.
The above means that if a project has raised $ 200,000, the business that collects money will receive $ 192,000 and the investor will receive a share of 97,000,000 tokens. This costing method will share the burden, on the more popular crowdfunding sites, the funds received by the business will be under $ 185,000.
The benefits of using blockchain compared to crowdfunding methods now are:
Lower cost
We are our own payment service
Control 100% of your equity token
Equity in return for investments of any size
Roadmap
November 2019 - White paper release - Completed
January 2020 - We have started our Bounty program to help raise awareness of EQ Tokens before our IEO. We offer 4,000,000 EQ20 tokens to participants.
Q1 2020 - IEO release to sell 70m EQ20 tokens for $ 0.05 / token to collect the $ 3.5m needed to get EQ Tokens from land with sufficient capital to expand quickly throughout Europe.
Q2 2020 - Start recruiting the EQ Token core team and opening offices in the UK and Europe
2021 - Aiming to open an office in the US and further develop the EQ Token team and business