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Axnet: Creating a Synergy Between Centralized and Decentralized System

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Introduction

Across the globe, there is palpable fear if the progress in the crypto market will not overtake all manners of financial investment across the world. Experts’ analysis indicates that by the end of 2018 the total market value of the cryptocurrency market could outsmart traditional financial institution, with current daily transactions estimated at 100 billion US dollar. Experts also put their prediction of the growth of the market which is expected to rise to a total value of $200 billion (U. S. dollar) while daily global exchange value is expected to peak at $5 billion (U. S. dollar). Bitcoin remains second to none among all cryptocurrencies in the market and more digital currencies are continuously springing up daily to increase competitiveness.

What the Market is

But in the face of this development, existing virtual exchange market platforms of the digital currency ecosystem shows significant growth while assets of cryptocurrency companies and firms listed on it show no sign of receding. The development has generated huge competition huge among exchanges, leading to platforms with unviable services giving way for more viable ones.

Knowing Axnet Asset Exchange Benefits

Here is Axnet, an acronym for Asset Exchange Network and a value-adding exchange platform where traders can get value for every penny put on the investment platform. Axnet offers basically focuses on addressing all the challenges currently faced by investors on the exchange including lack of security, transparencyand the extenuating profiteering of the middlemen. Axnet is a proper centralized and decentralized digital currency and fiat trading exchange designed and powered by blockchain technology. The uniqueness of this platform lies in its capacity to allow customers to operate both centralized and decentralized system of transactions. Users of the Axnet platform are exposed to a number of benefits including transacting on both centralized and decentralized exchange. The centralized system hosts all the major cryptocurrencies as well as other viable virtual currencies. On the other hand, being a decentralized exchange platform, Axnet is designed on Ethereum Network. Its operations are based on fiat, making it possible and easy for traders to trade cryptocurrency pairs and also trade cryptocurrency and fiat currency pairs. The system also has an inbuilt ICO incubator. The platform is host to a number of traditional digital assets with locations that can be recharged. The platform also gives users opportunity to make use of their own wallets within the decentralized edge.

The Axnet Token is he native token on the Axnet platform, serving as a utility token. It can be used by customers to make payment of charges on the platform such as exchange charges, withdrawal fees, listing fees and others. The Axnet Initial Coin Offering (ICO) is predicted to remain for a month. The event had begun in August 201 and will run until September 1, 2018. Axnet trades on all the major cryptocurrencies including BTC, LTC, ADA, XMR, ETH, EOS, ETC, ZEC, BCH, and XLM. Currently, the total Axnet token supply on the Axnet platform is estimated at 100 million, with an ICO price put at 2000 Axnet Tokens to 1 ETH exchange rate. The ticker is AXN. The toke type is utility token. The pkatform has no additional token emission. 50% of the token is allocated to marketing, with 35% and 15% restively going to platform development and reserve.

Conclusion

The role and timing of Axnet platform in the cryptocurrency market are massive, especially with its unique feature of eliminating middlemen and intermediaries. Investors who want to monitor their investment and expect high yield on such will quickly consider listing their companies on the platform. Axnet just gives more conviction to the understanding that investment is more about being strategic planning than capital. Here are the characteristic names of Axnet: соnvеnіеnсе, еffісіеnсу, speed, reliability

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Axnet: Creating A Synergy Between Centralized And Decentralized System. (2019, November 26). GradesFixer. Retrieved October 21, 2020, from https://gradesfixer.com/free-essay-examples/axnet-creating-a-synergy-between-centralized-and-decentralized-system/
“Axnet: Creating A Synergy Between Centralized And Decentralized System.” GradesFixer, 26 Nov. 2019, gradesfixer.com/free-essay-examples/axnet-creating-a-synergy-between-centralized-and-decentralized-system/
Axnet: Creating A Synergy Between Centralized And Decentralized System. [online]. Available at: <https://gradesfixer.com/free-essay-examples/axnet-creating-a-synergy-between-centralized-and-decentralized-system/> [Accessed 21 Oct. 2020].
Axnet: Creating A Synergy Between Centralized And Decentralized System [Internet]. GradesFixer. 2019 Nov 26 [cited 2020 Oct 21]. Available from: https://gradesfixer.com/free-essay-examples/axnet-creating-a-synergy-between-centralized-and-decentralized-system/
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