Last Updated on August 4, 2020 by CryptoCreed
There are more than 1000 Cryptocurrency in digital world market with more than 100 Billion USD market capitalization. More than 70 percent of the total trading volume is covered by Europe and Asia. Exchange Union Coin.
These two continents are the biggest market for cryptocurrency. But in some regions, it is very low acceptance of digital currency or only a few digital currencies are available there with high buying fees. This makes investors join “limit invest” programs.
To make everyone equal in the digital currency community, James Wo launched Exchange Union Coin. The platform bridge digital currency exchange equally to all and realize cross-exchange trading, cross-exchange clearing, deposits, and withdrawal between varies digital currencies and assets. This improves the efficiency and performance of exchanges and makes it available in a suitable price.
The question here arise is how they will do this. The Exchange Union Coin offers discounts on transaction fees on every deposit, withdrawal, and or trading. Also, this platform provides deals on credit and on margin trading to bridge exchanges in all terms. And soon the team will be built Exchange Union Chain by sustaining the ecosystem.
Three vital benefits of Exchange Union Chain. Transaction on Exchange Union Coin Chain is faster than any other chain it takes less than 1 second to get transactional confirmation. It is built by leading digital currency exchanges, a consensus algorithm is secure and credible. It is very cheaper in comparison to other chains, no transaction fees were there on Exchange Union Chain.
You can see here the Technical mechanism and Architectural diagram for Exchange Union Coin.
Technical process, according to whitepaper there was a two technical step.
First step: You can invest your digital currency in any exchanges. The platform will make a strategic investment in digital currency exchanges in order to build the union. Cooperation will built-in between Union members.
XUC will available on exchanges. The sharing of information will be executed by HTTPS/WSS/FIX. The transaction fees for trading will be divided between two exchanges, exchange A and exchange C. With the following terms and agreement within the Union, and will make a real-time clearing. XUC has every different type of digital currencies, it is as a universal coin. Exchange Union Coin.
Second step: The Union will build the Echange union Chain and set its own consensus algorithm. The transaction will only be considered valid when 80 percent of the Union will approve it. It takes less than 1 second.
Exchange Union Coin has two global partners. Huiyin Blockchain Venture, It’sld famous blockchain venture capital. Having 80$ Million funds for the first stage and over 20 companies worldwide. Some investments give 5-10x profit from Unocoin, Brave, and Bitso. The second global partner is Jinsheng Capital, It is a first licensed private equity management institution in China. Having more than 4$ billion in assets.
1 BTC = 4600 XUC & 1 ETH = 380 XUC
Exchange Union Coin announced Initial Coin Offering on 7th Aug 2017 which ends on 31st Aug 2017. Minimum cap is 100,000,000 XUC and Maximum cap is 600,000,000 XUC. The larger investors may get up to a 20% discount on the token. Only accept ETH and BTC. Click here to join the bounty campaign.
James Wo is a founder and chairman of the Board of Huiyin Blockchain Venture
Mikael Wang is a former CTO of BTCC. Exchange Union Coin.