Coinolix

Interest in everything related to digital currencies is at an all-time high. People from all walks of life take a keen interest in the digital currencies of the future. To facilitate a smooth transaction, various exchange exchanges arose periodically. Only the question of the safety and reliability of such platforms arises.

Coinolix architecture

To counter and alleviate the problems associated with the exchange of digital currencies, Coinolix was created. Coinolix is the world's first multifunctional digital currency exchange ecosystem that has a robust and unique architecture that did not previously exist in another exchange platform. Coinolix operates on Blockchain's decentralized technology, where cryptocurrency is tied to traditional currency, backed by asset reserves, which makes Coinolix a P2P trading platform for exchanging digital currencies. A huge number of trade requests can be eliminated thanks to an adaptable and expandable engine in minutes. Coinolix uses best practice, keeping most of the asset pool in cold storage, which is not on the web server or on any other computer. This will protect the fund of customers on the exchange wallet. Platform services include spot trading, margin trading, futures trading. The platform will provide cross-platform support for devices on all browser-based platforms, Android and IOS platforms, a trading platform for PCs (Windows, Mac, Linux)

Unsurpassed safety

One of the main reasons why previous cryptocurrency exchanges failed to perform optimally was due to weak security. Interventions by hackers caused very large monetary losses. To overcome this problem, Coinolix holds a large portion of the reserve assets in cold storage. This ensures that the user's funds are protected on the exchange wallet.

Order processing

Another major problem faced by the exchange is the influx of orders from traders. Most trading exchanges are not scalable or extensible to cope with a huge number of requests. This leads to the suspension of trade requests. As a result, traders suffer great losses. A compatible Coinolix engine is built to handle more than twelve thousand incoming requests at the same time, eliminating order sticking and transaction processing delays.

Coinolix Token CLX

The Coinolix token is CLX, which is the digital currency of the ERC20 standard in Ethereum Blockchain. This is a multipurpose and multifaceted token that can be used to pay for transactions, withdrawal fees and trade commissions. During the ICO, the CLX distribution will be about 50 million.

Saving token verification

To overcome the diversity of digital currencies in the market and stimulate token owners, Coinolix has a comprehensive redemption and recording program. The purchase and combustion operation will be conducted every quarter, starting from the 3rd quarter of 2019. This implies the use of Coinolix exchange profits to buy out the tokens sold during the ICO and burn them. This will continue until that time until 60% of public tokens are burned.

Advantages of Coinolix over competitors

Security
Coinolix is regularly audited by experts to identify and eliminate vulnerabilities and shortcomings. Coinolix uses two-factor authentication to protect its users.
Liquidity
Basically, monetary standards are attached to sold digital currencies, which means a decrease in liquidity. But Coinolix does not apply any monetary standards to the CLX models sold.
Ease of use
Most trading exchanges are built to service a small number of incoming trading requests. Their user interface tends to be less user friendly, especially for beginners. It also means that such exchanges have low trading volume. But Coinolix is built to handle a large number of transactions and trade requests. To accommodate such a large number, the user interface was designed to be very user-friendly and intuitive.