Overview for the Exchase project
Exchase is an innovative ecosystem of fintech services based in Estonia, which includes trading platforms (forex and cryptocurrency exchanges), payment systems and instant payment services, social trading (PAMM accounts), exchanges, including decentralized exchanges (DEX) and options trading services binary.
In the near future, a number of new crypto services will appear on the platform, including staking, storage, cryptocurrency hedge fund functionality, as well as a functional extension of social trading to a complete social network for traders.
Estonian fintech companies have worked on cryptocurrency exchanges but now aim to implement margin trading, token listings, crypto games, money transfers, binary options, social trading, crypto lending, crypto wallets, P2P exchanges and over-the-counter markets.
Additionally, in the future, the platform will introduce new cryptocurrency services such as cryptocurrency hedge funds, storage and betting to make it an all-encompassing arena where customers can get all their crypto services.
Due to its adaptability and ease of use, cryptocurrencies are gaining more and more followers.
One of the main questions when using digital money is how to store it safely.
In the world of digital finance, today, there are many ways to store crypto assets.
They all have their own strengths and weaknesses. There are very reliable wallets that are safe to deposit funds, but do not provide opportunities for additional income.
Market Analysis
Usually, cryptocurrency traders do not have many exchanges that allow trading. The most popular are Binance, Coinbase, Kraken, Huobi, and Bittrex. Regarding the functionality of social trading and social services for traders in general, there are two times less, and here only InstaForex, AMarkets and eToro are interested.
Market problems
Based on an analysis of current proposals, we can present a common list of common problems. Inadequate level of security.
Due to frequent hacks, users are afraid to store their funds on the exchange. Therefore, our team with their cybersecurity department has put in a big effort and carried out a lot of testing which can guarantee almost 100% protection against hacking.
The number of tools is insufficient for technical analysis. The best option for successful trading is preparation. However, most exchanges do not provide users with the opportunity to perform detailed technical analysis of a particular currency. This stops both novice and experienced traders.
Our solution
Based on current market problems, our trading platform will have the following set of solutions:
1. About 2 million transactions per second
The most important part of any exchange is its speed. The core of the trading system is capable of processing around 2,000,000 requests per second. According to the team of analysts, this figure is optimal for ensuring high transaction processing speeds without the need to deploy additional capacity that would be idle.
2. The Future
It should be noted that the cryptocurrency market underwent a huge increase not only in trading volume but also in the introduction of tools familiar to ordinary traders for making profits. Our platform will support trading futures contracts. This solution provides more opportunities to make money and attracts a large audience of traders to the platform.
3. Spot trading
Apart from futures trading, spot trading will be added. This type of trading is the most popular and familiar to the trading audience, as well as the most reliable, fast and simple.
4. Margin trading
Trading on margin is a requirement for any modern exchange looking to compete with the big players. Therefore, we consider it mandatory to add this type of trading to our platform.
5. Anonymous instant exchange
It should not be forgotten that cryptocurrencies were created to provide greater anonymity. Any trader who wants to make an instant anonymous exchange can do this using our service
6. Decentralized exchange
Not everyone trusts exchanges, which means that it is necessary to provide opportunities for decentralized exchanges for those who are very concerned about the safety of their funds.
Benefits
What is unique about the Exchase project
1. Legal services
Exchase OÜ intends to carry out its activities in full compliance with applicable laws and regulations, and obtain the necessary licenses and permits to carry out legal activities.
2. Secure asset storage
A special place in the project is given for the safety of funds and personal data of platform users. The project developer uses modern encryption and protection methods against theft of assets from user wallets.
3. The finished work product
We have launched a cryptocurrency exchange based on the B-book model. The A-Book model, social trading, P2P, and OTC transactions are in the final stages of development and testing. New product launches are planned in 2021.
4. Integrated ecosystem
The platform combines a cryptocurrency exchange, a wallet for storing crypto assets, binary options, social trading, and a money transfer system. All of this is available using one account.
5. Modern development pile
Our team consists of young and ambitious developers. The platform is written in .NET Core 3.1 and React. Native mobile app for iOS (Swift) and Android (Java).
6. Token EXSE
EXSE tokens from the Exchase platform are limited to an issue of 200 million coins. There will be no additional token issuance. Tokens generated by the platform when users use them to reduce costs will be burned.
Use of the first round of funds
- 50%: Platfrom development
- 15%: Legal and bank accounts
- 15%: Obtained a license to work with virtual assets (cryptocurrency license).
- 14%: PR and marketing
- 6%: Operational costs
Roadmap
Des, 2020
- Launched a cryptocurrency exchange based on the B-book model
Jan, 2021
- Opening a bank account for Exchase OÜ.
Feb, 2021
- Apply Android version to Google PlayMarket.
Apr, 2021
- Margin trading.
Jun, 2021
- Crypto Loans.
August 2021
- Crypto wallet
Jan, 2021
- Obtained a license to work with virtual assets (cryptocurrency license).
Jan, 2021
- Liquidity provider connection, as part of the implementation of the A-Book model.
Apr, 2021
- Apply the iOS version in the AppStore.
May 2021
- Binary options.
Jun, 2021
- Social trading
Team Members & Advisors
CEO Danila Prozorov
Andrei Versilov
CTO
Aditya Prakash
CMO
We invite Software Development business partners
- WEB designer
- Content manager
- Designer (with layout skills for SPA applications, especially for React)
- Front end developer (React Redux)
- Back end developer (clean core)
- Full stack developer (React + clean core)
- Councilor (residence permit or Estonian citizenship)
- Mobile developer: iOS, Android.
More information about the project:
- Website: https://exchase.io
- White Paper: https://exchase.top/en/Exchase_WhitePaper_EN.pdf
- Twitter: https://twitter.com/ExchaseF
- Facebook: https: // www.facebook.com/ExchaseF
- Telegram: https://t.me/exchase
- Reddit: https://www.reddit.com/r/Exchase
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