Jalan Sukses: AXNET: Asset Exchange Network Trading Platform

Decentralization is the very process of distributing decision making powers from central authority. One of the more attractive features of cryptocurrency is that it cannot be controlled by any central entity. On peer-to-peer systems such as the Bitcoin network, the transfer of value does not require the involvement of central authority, because transactions are validated by a distributed group of miners that exist on the network. However, this same idea of decentralization that exists with cryptocurrency has not fully materialized with regard to cryptocurrency exchanges. An overwhelming majority of trades in the cryptocurrency space are made on centralized exchanges, as opposed to decentralized exchanges.

Centralized Exchanges

Centralized exchanges are trading platforms that function like traditional brokerage or stock markets. A Centralized exchanges is owned and operated by a company that maintains total control over all transactions. Users of Centralized exchanges do not have access to the private keys of their exchange account’s wallets. This puts all of user’s trust in the hands of the exchange operators, as transactions can only be made through the mechanisms provided and approved by a central authority. This model is known for its transaction speed, but it is also known for its security vulnerabilities.

Decentralized Exchanges

Much like cryptocurrencies, no companies operate DEX, as they are utilizing blockchain (distributed ledger) technology. In this way a DEX does not hold customers’ funds, positions, or information, and only serves as a matching and routing layer for trade orders. This model is known for its security, but it is also popular with the delay in executing transactions.

Here is where Asset Exchange Network, or AXNET, comes into play. AXNET The team has created a cryptocurrency exchange network that is both centralized and decentralized. The exchange provides industry-leading security, top speed and allows to make peer-to-peer transactions from any wallet!

AXNET Crypto Asset Exchange Network

AXNET trading Platform hosts a traditional digital asset exchange with rechargeable addresses and allows users to utilize their own wallets in Decentralized Interface enabling a peer-to-peer transaction. Unlike other exchanges that either offer a centralized or decentralized exchange, AXNET allows users to utilize both in one platform with a flip of a switch. AXNET is listing traditional BTC, ETH, and USDT pairs with also fiat pairs like USD and EUR through company's license and banking networks.

The AXNET team believes that the future is bright with blockchain technology. The disruptive technology will not only deal with cryptocurrencies but will equally transform other fields such as safe communication, non-corruptive data transfer, and many others. The team is determined to create a stable, reliable, network that is ready for expansion. It’s for that reason the team is constantly working hard to keep up with the perpetual praxis of the advancing technology.

AXNET Features

Along with the advantages of Centralized and Decentralized Exchange feature, AXNET Platform also comprise of other features including:

Integration of FIAT bases

Although there are loads of cryptocurrency exchanges on the internet, there is still a lack of exchanges that accept deposits and withdrawals of FIAT currencies. Axnet is going to feature FIAT currency to the exchange, starting off with EUR, GBP, and USD, and adding additional currencies in the future.

EOS Exchange

In addition to the centralized and decentralized exchange, an EOS token based exchange is set to launch Q3 2019.

Exchange Promotions

To incentivize new customers to trade on the platform, Axnet has set a plan to launch a number of promotions to attract new customers. The exchange is going to use most of the exchange commision on promotions to reward active users of the platform.

Fast Exchange

The trading system powering Axnet is capable of performing 2 million order creations per second and 1 million order executions per second. The efficient trading system ensures that the exchange will never suffer from delays in order processing or lag, no matter the volume.

ICO Incubator

The exchange is going to include a module for ICO’s raising funds through the platform. Strategic partners of Axnet will be able to host their token sale through the exchange.

This will make the process of running an ICO easier for the host, as Axnet takes care of regulations, compliance, escrow as well as due diligence. After the ICO, the token will get a prioritized listing on the exchange.

AXNET Token (AXN)

The AXNET Token (AXN) is the fuel of the ecosystem that gives the users the ability to access features and discounts on the exchange and enable a Trade Mining system. The token operates on the ERC20 and utilizes the technological convenience of the Ethereum Blockchain. Therefore, it supports all Ethereum wallets. The total supply has been set to 1 billion tokens.

AXN token features:

Profit sharing: Holders of the AXN token receives 50% of the total trading fees realized on the platform.

Trading Fee Discount: Traders on the platform can use the AXN token to receive a 50% discount on their trades.

Buy-Back Mechanism: 20% of all net profit on the platform is going to be used to buy back AXN tokens. Bought tokens are going to be destroyed. This will continue until 500 million tokens (50% of the total supply) has been burned.

Trade Mining system: 70% (700 million) of the total supply of Axnet tokens to their users. This is called trade mining, the more a user trades, the more significant the share he will receive from the “mining blocks.”