Home Ico Review Wowx Ico Review : A crypto-to-crypto exchange that prioritises traders

Wowx Ico Review : A crypto-to-crypto exchange that prioritises traders

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About Wowx

Wowx market for digital-asset exchanges, or crypto-exchanges, is increasingly profitable as part of the cryptocurrency phenomenon in recent years.1 For instance, the top 10 exchanges (as shown in the diagram below) generate as much as USD$3 million in fees a day, or reaching more than USD$1 billion per year, according to estimates by Bloomberg using trading volume reported and fee information.

Crypto to crypto exchanges, on the one hand, are growing in popularity rapidly. Among the top 20 largest exchanges globally based on trading volumes, half of them are crypto to crypto exchanges. In fact, the world’s largest trading platform as of this time of writing, Balance, currently only accepts cryptocurrencies.

Basic Information

Token NameWowx
Token Symbol====
Social MediaWowx Ico Review : A crypto-to-crypto exchange that prioritises traders
Token Supply====
LanguageEnglish
Currency AcceptedETH, BTC, LTC,
Hard Cap
USD$29,595,238.10
Soft CapUSD$8,000,000
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Wowx Features

Receive Cashback on Trading Fees

WOWX will commit a percentage of revenue taken from trading fees to incentivize users to invite other traders to trade on the platform. Users can invite others via a referral code unique to them and those who successfully invite others to trade on WOWX will receive a share of the invited person’s trading fee as a bonus.

WOWX Smart Card

WOWX will be integrating a hardware technology that functions as a portable, secure storage device, which may be furthered to include a cryptocurrency-spending function soon. Your card also reflects different membership tiers. Grow your membership account and earn cashbacks with our different tiers of benefits.

Low Trading Prices

To encourage more Makers, should they choose to pay trading fees in WOWX Tokens rather than the trading currency, WOWX will give a 50% discount on trading fee for users on top of their trading account levels.

Faster Transaction Speed

Off-chain or centralized matching systems help facilitate far greater transaction speed than
decentralized/P2P exchanges

Central Problems

High Trading Fees

According to Cryptovest, crypto investors can find themselves paying up to over $1 billion a year in trading fees.2 Exchanges on average charge 0.1% to 0.3% for both maker and taker fees, affecting traders’ profit margins significantly. Furthermore, exchanges that claim they charge low trading fees often only apply such ideal rates to traders whose trading volume exceeds a certain (very high) threshold.

Security Issues

Cryptocurrency trading platforms holding large amounts of cryptocurrency deposits naturally become target of black hackers, with a total of more than 30 crypto exchange hacks since 2011. Studies show that 78% percent of crypto thefts happened on exchanges, with the highest amount valued at approximately $480 million at the time of theft on Mt. Gox.4 Embezzlement of crypto funds or deposits is also another problem surfacing in recent times when government authorities are increasingly considering regulations for the crypto sector.5 Investors stay concerned about such security issues,
which can impact growth of the crypto trading market.

Revenue Model

Trading Fees

The WOWX primary revenue stream will be from the trading fees collected from each trade, both from the Maker and Taker. A Maker is a trader who creates a new order on the exchange that does not match an existing order. A Taker is a trader that matches against Makers. Market Buy orders are also considered Takers as they take an existing order from
the market.

Withdrawal Fees

WOWX will charge withdrawal fees for all cryptocurrencies on the exchange. The withdrawal fees include a base transaction fee that goes toward the blockchain network, that varies according to the cryptocurrency type, as well as a nominal administrative fee to
process the request.

Team
Member

Marc Bell CEO

Jong Wang COO

Alex Wong CTO

Darren Teh CMO

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 22 DEC 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

Disclaimer:

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid Much Lossing Online.

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Vernahttps://coinworldstory.com
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 4100+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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