Posted on April 1, 2018
Cryptonex is a global, decentralized new generation exchange. It is created on its own blockchain platform. The main goal is to offer the opportunity to exchange any world’s currencies for any cryptocurrencies and tokens, allowing users to buy goods and services using mobile phones and payment cards instantly, with minimum commission.
Cryptonex has a mobile application that will include the functions of web wallet and contactless payments. It will also be possible to stake CNX on a mobile device to receive PoS rewards.
– Cryptonex provides an easy way to acquire BTC and ETH with fiat
– Cryptonex is available on mobile
– Very poor communication with the userbase
– The whitepaper is very high-level and full of grammatical errors
– They say in their whitepaper that they have PoW and PoS, but they only have PoS
The network is not live yet. The beta testing is scheduled for Q4 2018.
Q1 2018: Development, test and launch of mobile applications for iOS and Android platforms.
Q2 2018: Development and sale of hardware wallets. Acquiring licenses.
Q3 2018: The final stage of the exchange development. Adding cryptocurrencies and tokens to the exchange. Purchasing of a bank in a country under friendly jurisdiction by the Cryptonex Foundation.
Q4 2018: Beta-testing. Addition to exchange via banks.
Q1 2019: Launch of the exchange. Full functioning of all the technical tools
Cryptonex uses a PoS consensus protocol. The yield is 12% per annum + commissions from the transaction your wallet will confirm. The coin price growth is not included in the income. In order to get the reward from staking, it is necessary to register a web wallet, buy CNX coins, transfer the coins to a desktop wallet and keep it online as long as possible.
Cryptonex is similar to other decentralized exchanges like Waves and BitShares.
Cryptonex has no notable partnership as of yet.
CNX is traded on HitBTC and YoBit.
Cryptonex is an application layer built on its own blockchain.
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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations