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Especially in the past year, as cryptocurrency trading has become more and more popular, coin exchanges have been confronted with a number of issues: high-profile hacks, tech problems, users having no access to their funds, losses of funds altogether – the list goes on and on. Just a few months ago, some of the most popular exchanges in the world (Bitfinex, CEX.io, and Bittrex, for example) completely halted new member sign-ups. They just got too overwhelmed, and couldn’t take on any new trader accounts.
Nowadays, things are going slightly more smoothly – but if you just check out cryptocurrency message boards (like Reddit.com/r/cryptocurrency, for instance), it’s clear that there is a steady stream of user complaints flying in the direction of exchanges like Binance and Coinbase (both of which are centralized).
There is room in the market for better centralized exchanges, but there is also a massive demand right now for decentralized trading platforms that won’t cause so many headaches – which is what the team at ZXChange (ZXC) is about to launch.
So, what kind of cryptocurrency exchange is this going to be?
What is ZXChange (ZXC) all about?
This is an decentralized exchange that’s launching soon – one of the promising projects that’s looking to bring cryptocurrency trading out of the realm of centralization. The ZXC tokens will work on the network in a similar way that the Binance Coin (BNB) works on the Binance exchange.
ZXChange is a straightforward type of platform, with a pretty appealing user interface:
This is how they describe the network, it in their own words:
“ZXchange is a platform created for the democratization and development of cryptotrading. The knowledge portal will provide a wide range of opportunities for sharing experience and ideas: streaming of trades, social trading sharing, analytics of recent activities, spotlight on successful investment strategies, and access to opinion leaders and experts in the world of cryptocurrency as an unbiased source. The platform will ensure instantaneous mutual swap of cryptocurrencies within a safe and efficient marketplace. ZXChange will build an exchange, where ZXC will be used as one of the key base assets as well as gas to be spent.”
You can read more about the specifics of the project in their whitepaper, but what is especially intriguing about this coin is the hard fork it’s coming from.
ZXChange (ZXC) tokens are coming to ZoZoCoin (ZZC) holders
ZXChange (ZXC) isn’t a lone wolf project – it is going to be a hard fork from the ZoZoCoin (ZZC), which is a blockchain-based network focused on the real estate sector based in SE Asia and Eastern Europe. According to the ZoZo team, one of the benefits of launching this new, decentralized exchange is twofold: it expands the ZoZo ecosystem at the same time as increasing the number of tokens in the network.
You see, when ZoZoCoin (ZZC) launched, there were only 7.3 million tokens put into circulation during its ICO – but with the ZXChange (ZXC) token launching, that number will double (due to the hard fork).
Yes – every single holder of a ZoZoCoin (ZZC) is entitled to a ZXChange (ZCX) token, which is the token that is needed to use the decentralized exchange. The hard fork will distribute tokens on a 1:1 basis.
You can check out the project and register for the token distribution here.
The actual exchange is still in late-stage development, but the team says that it will be going live in about two weeks from now (stay tuned for an official date).
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