Total market capitalization of cryptocurrencies has reached over $400 billion. Depending on market conditions crypto traders, investors, and learners have needs to exchange their wealth to other cryptocurrencies as well as to FIAT money. Online Crypto Exchanges is the responsible party, who can initiate this work by creating a market filled with buyers and sellers. Crypto world is not a smooth and comfy place made for every day cheering. Numerous negative incidents occurred during the past few years resulted in tremendous damage to the crypto economy as well as psychological conditions of users about the market. Here I have mentioned some of those topmost incidents happened, Worth of most of them have to be counted in millions of USD.
Decentralized Autonomous Organization (The DAO), The DAO had a highly successful crowdfunding campaign that attracted approximately $150M worth of Ether. In that case, $70 million was drained by a hacker in just a few hours. Mt.Gox was one of the tops in exchange business. The company lost almost 750,000 of its customers’ BTC, and nearly 100,000 of its own. This accumulated to 7% of all BTC in circulation and was worth around $473 million. Next significant incident is Parity Wallet Hack. The attacker has drained 153,037 ETH from a number of high-profile multi-signature contracts that were used to store funds from the token sales of previous ICOs. Bitfinex is one of the world’s largest Bitcoin exchanges in 2016. Bitfinex Company lost 119,756 Bitcoins, worth approximately $72 million at that time. Bitcoinica was another popular Bitcoin trading platform. The attacker hacked the company’s production servers and made away with 65,250 Bitcoins. Total $2.3 Billion of wealth has been lost from the true owners. Latest studies show that crypto users have already lost almost $5.3 billion worth of crypto-assets only in 2017, which has happened due to exchange platform’s poor planning, illegal activities, and absence of proper security. Everyone requires an immediate solution in order to secure people’s assets from further losses.
Crypto world is always heated with fraudulent, thieving and cheating movements every day. Califin Global Crypto Exchange (CGCX) is now coming to the reality. CGCX will cool down this heat by obtaining its’s concrete vision to become a global leader in crypto exchange and blockchain solutions, with a focus on financial benefit and safety of all stakeholders. CGCX comes with the highest reliability and security ever included in a crypto exchange platform. Security measures of CGCX have created strict, chances of hacking have become nullified. So CGCX will never experience what happened to Bitfinex. The team of CGCX consists of professionals from every field saturated with experiences, qualifications, and knowledge for creating a global class exchange. CGCX comes with security wallet which is insured against any potential threats. Insurance is very rare to find even among safe wallet providers, But CGCX has the confidence to provide insurance. CGCX has the inclusion of smart contracts which means all the transactions of the platform become safer and transparent. Smart contracts have reduced human intervention and the need for third-party services to a certain extent. Even billions of worth wealth can be transferred instantly.
Nowadays using exchanges is not an easy task, before using them users have to study and get fully understand the architecture of the platform. If not there is a considerable risk to lose wealth for unnecessary things. CGCX has a better user-friendly interface and customer-focused services. A specially mounted team is always available for customer support as well as maintain, and improve the exchange platform. So users can get used to CGCX with no time. CGCX will be a paradize for both crypto experts and newbies. Calfin Global Crypto Exchange is a hybrid crypto platform, that means it has crypto-crypto transactions as well as crypto-fiat transactions. Main cryptocurrencies like BTC, ETH, BCH, LTC, DASH, XRP etc has listed on the platform. Since CGCX is the utility token of the platform it should be used for the payments in the platform, it’s not considered as a security token. Transaction fees will be minim with CGCX token, 50% discounts will be available. Users can trade with no transaction fee until Agust 31. Upcoming heavy activities in the exchange will hype the price of the CGCX token higher and higher, regarding that fact, holding CGCX tokens will be a huge investment too. Just think about what happened to the BNB token, which is the utility token of the Binance platform. ICO price of BNB is 0.115 USD but now it has gained to nearly 14 USD showing 126.97x from ICO price.
BNB has over one billion USD in market capitalization. Just imagine what will happen to the CGCX utility token. CGCX has the wider range of interaction ever included in a platform. Available Order Types are Market, Limit, Hidden, Partial Hidden, Stop Market, Stop Limit, Reserve/Ice Berg, Trailing Stop, Trailing Limit. Also, support following order attributes, Time in Force (TIF), Immediate or Cancel (IOC), Good Till Cancelled (GTC), Fill or Kill (FOK) / All or None (AON), Good Till Time (GTT), Display Quantity (Hidden Order) and Executable Quantity.
ICO & Essential Links
CGCX has an ongoing taken sale, where anyone can buy CGCX token to a cheaper price. You can contribute this disruption and earn a treasury in near future.
Website: https://cgcx.io
Litepaper: https://cgcx.io/docs/Lightpaper.pdf
Whitepaper: https://cgcx.io/docs/Whitepaper.pdf
Telegram: https://t.me/cgcxofficial
Twitter: https://twitter.com/CGCXofficial
Facebook: https://www.facebook.com/CGCXofficial
YouTube: https://www.youtube.com/c/CGCXOfficial
LinkedIn: https://www.linkedin.com/company/cgcx/
Instagram: https://www.instagram.com/cgcxofficial/
Reddit: https://www.reddit.com/r/CGCXofficial
Bitcointalk: https://bitcointalk.org/index.php?topic=3360185
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