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Based on a deep understanding of blockchain assets and TOKEN economy, and industry’s ills, we believe that the reasons for the mismanagement of many exchanges in the current market can be summarized as:
1. Primary Technical Architecture
The technical architecture of many service platforms is very basic, and it is simple and rude to put together various functions to build a service platform. This seemingly efficient approach is very popular in the Internet era, but the development of the blockchain industry needs a more professional team to support and quickly and stably handle high concurrent transaction requests. The service platform must improve the efficiency and fault tolerance of the system from the bottom to protect the security of users’ assets.
2. Poor Product Experience
The product experience of many service platforms is still very primitive. Blockchain digital asset trading services are at the forefront of technology and financial innovation. We should learn from and use the advantages of traditional financial trading markets, using the best technology and design for the blockchain so that users of the Digital Asset Transaction Service Platform can enjoy the best product experience.
3. Low Security and Stability
For the service platform, security is a top priority. In fact, as many as 300 service platforms have been shut down due to hacking, which has caused huge losses for users of digital asset service platforms and those who love blockchain technology.
4. Unreasonable Mechanism of Listing Currency
At present, the digital asset service platform in the industry has an unreasonable mechanism for handling the review process of joining new projects. Large platforms with technical strength in security review are too expensive, resulting in a large number of high-quality compliance new projects can not join the platform, and often non-compliant project parties are more willing to pay large review fees to pass the review. Then they get a lot of digital assets in a short time through the damage to the interests of ordinary users. In addition, a large number of small and medium-sized service platforms do not have qualified security review technology, and high-quality projects are overwhelmed by a large number of inferior projects. The entire market is currently in a vicious circle of “Bad money drives out good”.
Based on this, we believe that the entire industry and investors need new vitality to bring everyone out of the low tide.
GGBTC Advantage Analysis
— — Global Market Operation Capability
The GGBTC core team members come from many countries around the world and have an international background. The exchange will set up markets and R&D stations in important continents and cities around the world. It will differentiate products and market strategies for different markets around the world.
— — Strong Prospective Technology
All members of the GGBTC team come from the world-renowned Internet and financial industry practitioners and all graduated from world-renowned universities, with an extremely cutting-edge knowledge structure and an extremely complete technical reserve. With strong research and development capabilities, we can realize the productization of the latest technology.
— — Efficient Resource Integration Capabilities
The GGBTC team has numerous partners in the global blockchain and traditional financial industries, including but not limited to various financial institutions, venture capital institutions, investment funds, media units, virtual currency mines, etc., which lays a solid foundation for future business of the platform.
— — Perfect Mechanism of Listing Currency
In order to protect the interests of investors, we will conduct asset evaluations on the currencies of all online transactions. The currency must meet the following conditions, including but not limited to: strong technical structure or application; the community is active and has wide audience; no policy risk and meeting professional compliance requirements; timely disclosure of project information, project white papers, regular development, progress reports, etc.; other requirements of the trading platform for online currency trading.
According to GGBTC.COM, the Singapore game project HGC has launched on GGBTC.COM. GGBTC has officially listed HGC/USDT trading pair at 14:00 on April 16, 2019. Now, users can trade HGC via GGBTC.COM.
HGC (HiGameCoin) is an operation team in Singapore that serves technology development in the game market. With rich experience in game algorithm technology, it has a large number of industry technical experts and authoritative technical consultants, providing the underlying technology engine and scientific algorithms for many game platforms around the world.
By Shariar Porosh
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By Crypto Softwares
Do you know, Real-time applications of smart contracts and blockchain technology? There are many industries that can benefit from this kind of technology. For more: https://cryptosoftwares.com/blog/real-time-applications-smart-contracts-blockchain-technology/