Catenaex A Completely Decentralized Trading Platform
Today there are a host of platforms to choose from, but not all exchanges are created equal.
Types of exchanges
Trading Platforms — These are websites that connect buyers and sellers and take a fee from each transaction.
Direct Trading — These platforms offer direct person to person trading where individuals from different countries can exchange currency. Direct trading exchanges don’t have a fixed market price, instead, each seller sets their own exchange rate.
Brokers — These are websites that anyone can visit to buy cryptocurrencies at a price set by the broker. Cryptocurrency brokers are similar to foreign exchange dealers.
Most cryptocurrency trading happens on centralized exchanges offering traders benefits like increased efficiency , large liquidity pools, and real-time asset price discovery but most most cryptocurrency exchanges built their platforms during boom times and couldn’t keep up, building hastily means cutting some corners, results you can see poor customer service with large delays, slow sign up verification, deposits and withdrawals, results you can’t see platforms that won’t scale, poor security, customer funds at risk, exchanges aren’t built on tech and security alone to lead the pack you have to build trust.
A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.
One of the biggest challenges that traders are facing in global trade today, is the barriers that keep their goods and products from reaching their destination in a timely and efficient manner. With delays like payment terms, delivery schedules, and registration requirements, traders are experiencing an outdated system that is holding them back from their trading potential. The result of these delays and restrictions is that traders are having the tendency to execute transactions locally rather than on a global scale, effectively harming the growth of global trade.
With Catena’s new decentralized global trade exchange platform, traders can expect reduced restrictions, delays, and barriers when attempting to trade their good and products. Catena is built upon blockchain technology, which has created an opportunity to create new essential tools that have been missing in the trade economy thus far. These tools made by Catena will bring efficiency back into trading transactions, opening the doors for traders in ways never done before.
Catena Decentralized Trading Platform
To be the largest trusted platform for global and domestic trades, and the first choice for all business transaction across the globe. Empowering every business with a strong platform and powerful tools for growing their market reach and secure their business activities, while opening the door to limitless opportunities for small and medium enterprises, through the transparency of market parameters and low entry barriers to compete, enabling a growing and prosperous trade economy. Catena tends to apply revolutionary technologies and algorithms utilizing the blockchain technology, in order to build a robust platform that would disrupt and ultimately change how the trade economy performs. Catena is a decentralized trading platform and exchange built mainly on the Blockchain technology and introducing new algorithms and AI protocols to boost the trade economy.
Prompt and full payment, particularly for small- and medium-sized enterprises (SMEs), can mean the difference between survival and bankruptcy. Making Payments is among the top challenges companies face in trading, this arises from a range of issues, including.
• Currency fluctuations
• Process inefficiencies
• Limited payment visibility
• Bank fees
Catenaex proposes a very powerful solution to all related parties in a trade, Catena is a Decentralized platform on the blockchain network developed to solve not only the trust issue, but to build a base were all parties in a trade can agree on different terms and conditions for the payment, shipping, product parameters and quality, etc. Having a decentralized platform is a corner stone for a strong robust system with huge scaling opportunities, through decentralization users and clients don’t need any form of binding proofs of trust in the platform, because the system doesn’t hold any of the funds nor the contracts, yet it governs the whole process through the blockchain as a form of a strong, secure and transparent database, this puts Catena ahead of most of the current exchanges and trading platform which acts as a middleman holding the money until both parties agree, on the other hand the blockchain solves a key issue by being immutable, this guarantees the authenticity and the execution of any smart a contract without the interruption of a third party.
the Catena trading platform will seek to eliminate the entry barriers and tackle the problems facing global trade. After providing a platform with small and medium-sized enterprises, Catena will shift focus to the provision of powerful instruments to facilitate the growth of the global trading market. While the platform’s architecture is mainly based on distributed ledger technology, it also incorporates aspects of Artificial Intelligence.
decentralized exchangesimmutability of the blockchain, makes transactions transparent and immune to fraud.
Catena Token ICO Details
Catena will conduct a token sale to raise capital for the implementation of this project. The Catena token is an ERC20 standard token based on the Ethereum blockchainICO
- 2% – ICO partners
- 15% – team
- 3% – early contributors and advisors
- 20% – resolution center
- 2% – bounty
Distribution Of Funds
- 13.3% – system development
- 37.6% – exchange platform
- 24.7% – barter ecosystem
- 13% – operation cots
- 6% – contingency and resolution center
Since Catena removes the need for trust, it simultaneously removes the need for third parties to be involved in transactions. With third parties eliminated, traders can expect the following benefits:
· Decrease in communication barriers
· Removal of fees paid to third parties
· Quicker transactions
· Increased reach by independent traders
· Customizable trading terms powered by the traders for each transaction
Free Decentralized Exchange: https://dex.catenaex.com/
Telegram News and updates: https://t.me/Catena_DEX
Bounty0x username; hassan500