Earnfinex (EFX) IEO on ChainX

ChainX
ChainX Exchange
Published in
6 min readJun 18, 2021

--

INTRODUCTION

The EFX token is mainly focused on Trading Platform (Proof of Volume) and POS (Proof of Stacking) where user can do trading by it and exchange it in cryptocurrency is widely accepted all around the globe and EFX is providing blockchain service with some basic features like security, scalability, and validators with it is Binary Option trading technology helps users and admin to avoid security breaches, load balancing, cloud networking and responsive website will always provide a hassle-free experience to users, for admin a technology that helps to identify in between users and spams without any specialized knowledge. Trading a platform with indicators, graphs and some specific features is a different experience for a user who is trading on conventional trading.

Trading is not a new word in human history and humans are remarkably familiar with it since the stone age, cryptocurrency requires to understand a new technology which is not easy to for the user as well as the developers. In the present world, all trading platform has some basic issues like fake volume, wallet hacking, privacy protection and data encryption but EFX is providing a solution which will revolute the industry, a simple trading platform with extraordinary features and security. Every trading platform by EFX is unique from its competitor and advance than market leaders. Visit our trading platform and identify a difference, our users are earning more than any other trading platform in the market because our algorithms are working for users earning.

A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Exchanges may accept credit card payments, wire transfers or other forms of payment in exchange for digital currencies or cryptocurrencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for its service or, as a matching platform, simply charges fees.

Some brokerages which also focus on other assets such as stocks, like Robinhood and eToro, let users purchase but not withdraw cryptocurrencies to cryptocurrency wallets. Dedicated cryptocurrency exchanges such as Binance and Coinbase do allow cryptocurrency withdrawals, however, we are providing a platform where users can get up to 95% when they are winning.

Our platform allows users to deposit & withdraw money in Crypto only as of now but as per customer’s requirements, we can also provide fiat for deposit and withdrawal in the future.

KEY PRODUCT

TRADING PLATFORM

A trading platform is a program that allows investors and traders to position trades through financial intermediaries and to track accounts. Trading platforms also come bundled with other services, such as quotes in real-time, charting software, news feeds, and even premium analysis. Additionally, services can be tailored specifically to specific markets such as stocks, currencies, options, or futures markets.

There are two styles of platforms for trading: commercial websites and prop platforms. Commercial websites, as their name suggests, are targeted towards day traders and retail investors. These are distinguished by ease-of-use and an array of helpful features for investor education and research, such as news feeds and maps. On the other hand, prop platforms are customized platforms built by large brokerages to match their specific demands and style of trading. Traders use various trading platforms, depending on the style and amount of their trading.

BLOCKCHAIN

Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-topeer nodes. Typically, this storage is referred to as a ‘digital ledger.’

Every transaction in this ledger is authorized by the digital signature of the owner, which authenticates the transaction and safeguards it from tampering. Hence, the information the digital ledger contains is highly secure.

In simpler words, the digital ledger is like a Google spreadsheet shared among numerous computers in a network, in which, the transactional records are stored based on actual purchases. The fascinating angle is that anybody can see the data, but they cannot corrupt it.

Blockchains can be set up to operate in a variety of ways, using different mechanisms to secure a consensus on transactions, seen only by authorized users, and denied to everyone else. Bitcoin is the most well-known example that shows how huge Blockchain Technology has become. Blockchain founders are also trying out numerous other applications to expand Blockchain’s level of technology and influence. Judging by its success and increased use, it seems that Blockchain is poised to rule the digital world of the near future.

Application

Statistics of currencies on all your devices

We always believe in privacy because of that we launched Decentralized wallet application where user can store EFX, BTC, USDT and ETH. This application is available for both mobile os with all the necessary features like, swapping, recieve, send, wallet seeds and wallet security

Blockchain is built on privacy and security and we always follow the soul concept of blockchain, our wallet application is useful in routine life people can use it without any worries as they have in web wallets or private wallets. User must have to save seeds and use them when they want to recover them at their requirement

Life in the new digital world

Proof Of volume

Our “POV” is a unique concept where we calculated unlocking supply by trading volume generated on our exchange or the exchange that was sold by us to our partners.

Trading volume will be counted based on “Playing Dollar” converted by the users, the more they will convert more token will be unlocked on the next day.

At +0.00 UTC data is synchronized with blockchain and based on trading volume and market price of EFX, new EFX will be available for sale.

Proof Of Stake

Proof Of Stake is a familiar word in the crypto industry and we are also providing an opportunity to our user to earn a reward based on POS.

We are providing a 60% annual interest rate for the first 3 years of the project and then after a 12% annual interest rate will be given to the users.

Anyone can buy EFX and start earning with easy way, User will require a minimum of 10 EFX to get rewards. We will provide a stacking facility on our platform.

MasterNode

Master nodes attempt to solve the problem by acting as full nodes, and their operators are financially rewarded, similar to miners in a proof-of-work system.

They operate on a collateral-based system to ensure that they provide genuine services as a backbone to the blockchain network and hence are also known as “bonded validator systems”.

Masternodes are a secure way to store your funds, earn interest, and contribute to a cryptocurrency network while HODLing a digital asset for potential long-term capital gains.

ExchangeC.O

Crypto Option Trading is a platform where user can earn money with their trading skill, User can get up to 95% on per winning trade while playing the trading game.

Copy trade option is most beneficial for new traders who don’t know how to get profit from the market, they just have to copy the order book of the successful traders and book profit with them.

Start work with us as an “Agency” and get extra benefits on team working, just has to pay agency fees and achieve trading volume as per conditions to get a commission on the volume.

Blockchain at glimpse

Access analytical market & news data

Our news site will update you about the market trend and expert analysis will help you to identify scenario of the future market, a team of a journalist is always collecting data from all around the world and keep you updated about the crypto world.

Earnfinex is the World’s First Proof Of Volume

You can participate IEO and check more details from this website (https://chainx.kr/)

--

--