CRYPTOSOUK; THE GAME CHANGER IN CRYPTO TRADING

Few weeks back, a friend of mine who knows how addicted I am to currency trading (both fiat and cryptocurrency trading) told me about a new platform known as CRYPTOSOUK so I decided to carry out a detailed research on the platform and what they have that makes them different from others. After my research I have decided to bring to you this platform that has being designed to be the game changer when it comes to currency trading because of its features.

OVERVIEW

The advent of cryptocurrency and the blockchain technology has provided different opportunities for individuals to make a living from. The cryptocurrency industry has provided different means of making money and they include buying, holding and trading of one cryptocurrency against other cryptocurrencies or fiat.

Trading of cryptocurrencies can be very lucrative but without proper understanding of the nitty gritty behind crypto trading, one can easily lose everything he has worked for. There are lots of trading platforms in existence and most of these existing platforms contribute to the loss experienced by the traders who uses them because of their lack of transparency, high level of insecurity, lack of liquidity and market making. Let’s quickly look at the major challenges plaguing the existing trading platforms; I believe this will help us appreciate the solution that the CRYPTOSOUK platform provides.

MAJOR CHALLENGES FACED BY EXISTING TRADING PLATFORMS

One of the major challenges that is plaguing the existing crypto trading platforms is that of lack of transparency on the part of the platforms; the platform owners are not being real with the exchange prices, the exchange prices are not based of real time market value. The platform owners manipulate the market for their own selfish interest and this has led to lots of trades going bankrupt.

Also the most of the existing platforms lack liquidity (the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price). There is a great need for a platform with high liquidity and market making which is one of the challenges that has being solved by the CRYPTOSOUK platform.

If you have being following the cryptocurrency market, you would have heard in the past how most exchange platforms where hacked by some cyber criminals because of their porosity and a lot of users lost a great fortune in the process. This has being a great challenge for cryptocurrency traders because nobody wants to place his money where it won’t be safe.

One other thing that affects crypto trading is language barrier; virtually all crypto trading platforms are designed with English or Chinese language making it difficult for individuals who do not understand these languages especially folks from Arab to effectively participate in cryptocurrency trading.

The solution to the above listed challenges and many more lies with the CRYPTOSOUK platform. Let’s quickly consider what CRYPTOSOUK is all about and how it plans to solve these challenges.

THE CRYPTOSOUK SOLUTION

CRYPTOSOUK is a decentralized cryptocurrency trading and exchange platform designed by a team of professionals with an average of 20years experience to give cryptocurrency and fiat currency traders a better experience.

The CRYPTOSOUK platform has a simple user interface that will allow a novice trader to navigate through it without any form of stress. Also on this platform, novice traders have the opportunity to learn how to trade the crypto market also.

For professional traders, the platform provides you with advanced tools for your technical analysis and also ensures security of your money, so as a user of the CRYPTOSOUK platform you do not have to be scared of losing your money to cyber criminals. With the CRYPTOSOUK platform, you are rest assured that any exchange price you see on the platform is the real time market price due to the fact that this platform is built on the most transparent platform on earth (that is the blockchain technology); the order book updates in real time.

Whenever you are looking for a trading platform that has fair pricing, quick trade execution, limitless creativity and world-class customer service that can relate with anybody no matter the country remember there is only one platform with these features and the platform is CRYPTOSOUK.

Quickly join the ICO before it ends and be part of this great innovation in the cryptocurrency industry. For more information about the CRYPTOSOUK platform please visit the following links below:

★ Web ★ ANN ★ Whitepaper ★ Twitter ★ Facebook ★ Medium ★ Telegram ★

Writer: Ubaka01

Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2318597

BITBOSE; THE DECENTRALIZED BANKING PLATFORM

The traditional banking system today has been inefficient and has been engulfed with greed. With the emergence of the blockchain ways to decentralize the financial market have risen.

AN OVERVIEW
The cryptocurrency industry has grown quite enormously since its inception but it still happens to be in its early stages because it has not gained mainstream adoption, the world still prefers the traditional fiat means of banking because it appears to provide people with ease and it seems easier to transact with when in reality it is not, the traditional banking system have been laced with greed and corruption, as all customers are being ridiculously charged while trying to secure loans or while simply making transaction, not to mention the fact that customer funds are what these banks give out as loans while charging high rate for borrowers and very little interest for the customers whose money they have used.
Having a decentralized banking system is the route we must take, by fully taking away power from this centralized and greedy banking system which has no care for its customers and which have made a means by which the poor get poorer while the wealthy get richer, BITBOSE bank is on the verge of taking hold of the centralized banking system and shifting it into a decentralized platform.
BITBOSE is a blockchain based platform in which one of its purposes is decentralizing the banking industry by providing an adequate and more profound banking system built on the blockchain technology.
CHALLENGES WITH TRADITIONAL BANKING SYSTEM
The following are problems associated with today’s traditional banking system:

• High loan interest rate: collecting loan from a traditional bank isn’t an easy job, and if you eventually do you are given a high rate of interest not to mention the fact that these banks do not give out loans without collateral.
• Low customer interest rate: banks are known to give loans to individuals and companies using other customer funds, and while the interest rate of loan seekers increases, the interest paid to those in which their funds are being borrowed out does not.
• Volatility: banks are trusted to keep customer funds safe, while the banks invest customer deposits through loans and safe assets but sometimes banks have been known to lose their funds in this process.

BITBOSE BANKING SOLUTION
By decentralizing the banking system, power is taken from the hands of individuals and given to the masses, Bitbose is registered with the UK and adheres to all its financial laws and regulations.
With BITBOSE bank being on the blockchain, it provides a transparent banking system which isn’t controlled by any specific individual and accessible to all audit personnel to allow quick and reliable audibility.
Bitbose lending rates in its platform will be determined by an open market principle which will be achieved by incorporating a universal consensus mechanism determined by various individuals and not by one exalted individual, after the democratic means of decision people are meant to trust the trust-less banking more than the centralized banking of today.
Bitbose bank will be using an ERC20 Token as its central currency which will drive all forms of financial transaction that will be conducted on the platform.                When a contributor or individual buys the Bitbose Token, he/she is a becomes a member of the Bitbose bank automatically, the bank will be responsible for giving out loans to eligible candidate and in place of the human who carries out assessment before loans are given out in traditional banks, Bitbose will be using an AI which constantly learns and improve as the loan officer and after assessment loans are given to qualified individuals while qualified industry are meant to give a piece of property as collateral before loan is released to them.
Other features of the Bitbose umbrella will include:

• Bitbose exchange and
• Bitbose smart portfolio

IN CONCLUSION
Decentralizing the banking system will be a lot of benefit to everyone and individuals and industries stand a lot to gain from being a part of BITBOSE and this why I see this platform succeeding beyond human imagination. You can be part of this platform via joining its ICO which presently ongoing. You can get lots of information about this project from the links below:
Bitbose website: https://www.bitbose.com/
Whitepaper    ANN Thread
Writer: kelvinkent
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2313436