The majority of blockchain based projects whether they are based on Ethereum platform or NEO, they just create their own tokens on top of the existing scalable blockchain. To be honest, I think they even don’t know the actual utilization of their token. I mean what is the need of a token-based system for audition smart contracts or supply chain when there are altcoins performing very well in terms of transactions per second.
When the question becomes more baffling, they just announce the use of the token as fuel to the system, profit sharing distribution or charity. Really? :/ If a project is developing their own blockchain scaling high tps, investors will believe the usage of tokens. However, adoption of cryptocurrency in masses is being delayed due to many reasons. Let’s explore.
The created tokens will be traded after Initial Coin Offerings (ICO) on cryptocurrency exchanges. The cryptocurrency trading platforms are 24*7 marketplace which actually matches buyers and sellers with their asks and bids of preferred coins. Yes, we can say it is similar to what stock exchanges are doing for many years. However, through a variety of cryptocurrency exchanges are available regardless of their location, they lack when it comes to functionality. Look at described limitations:
- High trading fees
- Price manipulation
- Latency issue
- Transactions Delay
- Inconvenient UI
- Limited trading pairs
- Lengthy KYC validation
The XERA! The Xera’s innovative cryptocurrency exchange addresses all such issues with providing an integrating solution to the cryptocurrency traders and investors. You are probably thinking why only XERA while we have many solid cryptocurrency exchanges. With basic and Advanced interfaces, Xera provided ease of trading. Here is the sneak peek of the major functions:
- Advanced charting features
- Onc cancels other (OCO) order feature
- Real-time profit loss updates
- competitive trading fees with native token
- Availability of major trading pairs
- Price alerts
- Multi devices standardization.
- High integrated security
- Quick KYC verification
What is XERA? | XERA Review & Analysis
Xera is a seamlessly integrated cryptocurrency exchange that meets your specific trading and investing needs, designed and developed by traders, for traders.
How does it work?
The core of the exchange engine is the order matching mechanism. Its function is to:
● Accept orders;
● Find matches among the orders as quickly as possible;
● Create a trade when a match is found.
Order matching works in such a way that every trade is made at the best price possible. For example, if someone offers to sell ETH at price $100, and a user places an order to buy ETH at price $120, then the engine will match the orders and make a trade at $100 if the algorithm determines that $100 is the best price for order execution. The objective is to provide high-performance order matching engine allowing users to trade instantly even during a high load period. As such, the entire exchange architecture is built upon the exchange engine and will include:
- Implementing advance order types;
- Managing user balances, moving the funds from one trader to the other when a trade is made;
- Calculating the fees, subtracting them from the trades;
- Recording user trades, generating reports on individual trading profitability;
- Processing deposits and withdrawals, which includes running a full node for every coin traded on the exchange;
- Market history generation, providing the market data over time and via various timeframes;
- Margin trading and lending (to be introduced later);
- A high-quality front-end environment that provides an instant-response user interface.
Key Features of XERA
As aforementioned, many of the projects fail in utilizing native tokens in real use cases. While in the case of Xera, it has its ERC20 token developed on Ethereum blockchain. The main aim of the token is to use them for fueling trading. Enabling XERA as trading fees, we can significantly reduce trading feeds for every trade. On top of that, the token buyback policy will generate additional value to cryptocurrency portfolio.
Exchange Comparison Chart
Backend Engine and Latenct Test
90 Seconds User Verification
This is the most amazing feature of XERA. Most of the exchanges including reputed ones take a great amount of time for KYC verification. On the other hand, Xera introduces its impressive “90 seconds user verification” feature which will let you verify within a matter of seconds.
|Token for Sale||65,500,000|
|Soft Cap||5,320,000 USD|
|Hard Cap||29,260,000 USD|
|Token Sale Duration||5th Nov – 31st December 2018|
|Token Price||0.50 USD|
|Payments Methods||BTC, ETH|
You can have glance at total supply. Being an investor, it is a important considerable factor while investing. If you are finding low cap gems, I think you’ve just found one.
Use of Proceeds
Co-founder and CEO
Abhishek has over 18 years of industry experience leading large teams in datacenter and system management project, along with development work in a senior capacity. He has been working as an early blockchain and cryptocurrency advocate since 2013 as an investor. Abhishek’s experience working with the world’s most recognizable and sizable companies, brands & executives have given XERA unique access to an audience that is critical in the ongoing growth of the company.