RipaEx: Providing customized exchange platform to businesses
As more and more digital currencies come into the digital marketplace, businesses are now having a hard time to supply their customers’ needs in relation to exchange. With so many kinds of tokens, there is none so far that already has the capability to initiate an exchange on most available major cryptocurrencies.
Businesses and organizations offering tokens to their consumers or users are now finding ways to have an internal exchange platform that could satisfy their own preferences. And looking for another group or business to cater such desire is also one difficult thing to do.
In businesses’ point of view hiring a few people to create and maintain a code unique for their exchange intent is not economical. This further adds to the initial capital needed and startups will remain indifferent to it, which is why many tend to initiate partnerships with other exchange service providers at a much lower cost than creating their own but with the condition of not being able to include their own preferences or set their own rules in doing an exchange.
So to help businesses have their own exchange platform without having the need to pay so much, the team behind RipaEx is giving us this one business solution.
RipaEx was described by its core team as “a hybrid-decentralized exchange with a strong focus on lowering the entry level of opening new exchanges and giving crypto traders safe and secure trading partners to operate on a daily basis.”
They aim to provide a service to many businesses by allowing them to have an exchange platform that is tailored according to their preferences. Now, the cost to have their own exchange platform will become much lower and less hassle to maintain while keeping security and transparency at its peak. This will allow businesses to focus more on what matter most.
To achieve this goal, RipaEx has built their exchange technology using the ARK Blockchain technology which mainly focuses on improving the blockchain capabilities solely focused on consumer adoption for blockchain technologies.
ARK is yet another Blockchain technology that is still young in nature but has the possibility to compete with the Ethereum Technology. By being a separate Blockchain Technology, ARK will make use of SmartBridge Technology to bridge different blockchains. So if a business is making use of the traditional blockhain technology of Ethereum for example, RipaEx can still integrate an exchange platform to that business seamless using ARK’s SmartBridge Technology.
Another service that RipaEx would like to give is to make every transaction secured and transparent at all times while giving businesses the freedom to do the difficult task of maintaining it and coding it themselves. This will help businesses to give their users clean liquidation of exchanges done while ensuring all transactions are seamless.
RipaEx Exchange Configuration Matrix
As what RipaEx boasts, they offer businesses the capability to have their own exchange platform according to their preferred configuration. The matrix below shows 4 configurations that can be done in a business’ exchange platform.
One-way exchanges are suitable for businesses who wish to operate and exchange in a fixed condition such as the selling price. However in a two-way exchange, the need to have a banking relationship is vital so that a selling request and a buying request of a user could generate more freedom in doing trades and exchanges.
Businesses will also have to choose how currencies will be exchanged in the platform, wither fiat to crypto or crypto to crypto.
Despite giving businesses the freedom to fabricate their own exchange platform, businesses will remain complacent for RipaEx will abide with existing trading laws and standards and verification process to keep all exchanges legal, secured and transparent.
The Ripa Exchange
Ripa Exchange is the exchange marketplace of RipaEx. This marketplace aims to be a safe, secured and transparent trading ecosystem for digital traders. Equipped with a user-friendly dashboard or interface, users and exchange managers can freely roam around the platform without having the need to learn everything.
The image below summarizes the difference of Ripa Exchange among other trade and exchange platforms.
RipaEx Token Sale Details
The XPX token of RipaEx will be used to list new cryptocurrencies to the Ripa Exchange marketplace, advertise projects or to pay and sell goods and services in partner sellers.
Token: XPX Token
Total Token Supply: 115,000,000 XPX tokens
Price: 1XPX = 0.12 USD
To get the latest updates on this ICO, visit their official social media pages and view their website and whitepaper.
Website: https://ripaex.io/
Whitepaper: https://github.com/RipaEx/whitepaper/raw/master/eng/RipaEx_WP_EN.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3759172
Twitter: https://twitter.com/ripaex
Facebook: https://www.facebook.com/ripaex
Telegram: https://t.me/ripaex
Author: Hypervira
Author Link: https://bitcointalk.org/index.php?action=profile;u=1419911