Centralex: The new kid on the block
Capital inflows into cryptomarkets have skyrocketed in recent months. By early January 2021, the total market capitalization of cryptocurrency had surpassed a whopping US $1 trillion. Institutional investors are also getting on board. MicroStrategy announced in February 2021 that they had accumulated over 71,000 BTC. Then Tesla stunned the world when they announced a US $1.5 billion investment in Bitcoin.
While speculative sentiment is riding high, cryptocurrency usage/ownership still languishes at well under 20% in most countries, clearly indicating that there is significant room for growth on the adoption front. It’s precisely that disappointing lack of adoption that we aim to address when we launch Centralex Exchange in early March 2021.
Centralex was founded in Hong Kong in 2018. Our dynamic team is made up of an eclectic mix of passionate cryptocurrency enthusiasts, gifted developers and forward-thinking financiers. From the start, we were united in our belief that blockchain and cryptocurrency had the potential to change the world for the better. At the same time, we realized that there was a glaring need to simplify the cryptocurrency experience in order to make it more comprehensible and accessible to new users.
By improving user experience, simplifying trading and offering a host of convenient and innovative features, we aim to increase participation and facilitate the transition to cryptocurrency worldwide.
We spent considerable time designing and developing the dashboard so that it would meet our core goals of simplicity and user-friendliness. Aimed at crypto novices, the Simple Mode UI, as its name suggests, is clean and super easy to navigate. For professional traders, Advanced Mode offers state-of-the-art trading tools and a host of convenient features, such as user-defined trade volume presets.
Advanced users are sure to be dazzled by the platform’s incredibly fast engine which takes advantage of modern advancements in hardware acceleration.
One of the most cutting-edge features of the Centralex platform's future implementations is our proof-of-concept distributed liquidity system, which will give traders access to liquidity on other trusted exchanges.
We offer an impressive two-tier referral system that encourages growth of the platform while handsomely rewarding those who help us onboard new users.
If you’ve ever looked at how much you’ve paid in trading fees over the course of a year, you will surely appreciate the refreshingly low fees we offer. Users can also avail of a further 25% discount if they choose to pay fees in CenX, Centralex’s native, deflationary token.
Holders of CenX also have the option to stake their tokens and earn a share of 25% of the trading fees accrued on the platform.
With considerable experience in security and compliance under their belts, the founders were well aware of the complex requirements for establishing an exchange. With existing data privacy and consumer protection laws, building a compliant onboarding funnel poses significant challenges. Regulations are often complicated and ever-changing. To ensure long-term compliance within all regulatory frameworks, we took the bold decision to use cutting-edge, blockchain-based technology for both KYC procedures and verification of log-in credentials.
Our unique KYC process ensures there will be no long waits for verification, and traditional bank accounts can be linked with equal ease for fast, convenient fiat transfers. Users can sign up, fund their account and start trading in the blink of an eye.
With our expressed intention to “mainstream” cryptocurrency, a highly responsive customer support portal is essential. We combine a well-trained in-house support team and a high-quality third-party solution to provide a robust, comprehensive solution for attending to customer queries and support requests. Support tickets are efficiently categorized to ensure they reach the appropriate department directly upon submission. Users will be delighted to know that our friendly customer service staff will be available 24/7.
For years rumors of fake volumes and wash trading on centralized exchanges have plagued the crypto industry. In a trailblazing move, we will soon be introducing complete volume transparency to the Centralex trading platform. All crypto asset transactions will be written to our own soon-to-be-launched, publicly verifiable CEN-CHAIN blockchain.
On our website we quote Thomas Edison: “The value of an idea lies in the using of it.” We’re taking this wisdom to heart as we build out our platform. Our goal isn’t just to become one of the top crypto asset exchanges; we’re also aiming to become the preferred platform for daily real-world transactions in crypto.
As a first step in that direction, we have plans to integrate crypto payment options for rent and utilities. Other exciting features of everyday convenience are in the pipeline. This incremental integration of cryptocurrency into the real world of everyday payments could have a massive impact on adoption rates and greatly benefit the cryptocurrency community as a whole.
While there is undoubtedly stiff competition in the crypto exchange space, we are confident that the Centralex platform will resonate with users, especially those dipping their feet into the world of cryptocurrency for the first time. We are equally confident that the innovative features we plan to continually roll out will lead to significant organic growth and wider adoption of cryptocurrency around the world.
While our vision is to be the world’s Central Exchange, our initial roll-out will cater to users in Asia, Africa, Oceania, and Europe.
Are you ready to join the blockchain and cryptocurrency revolution?
Sign up to Centralex today!
Written by: Bradley Little
Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.