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Unocoin, arguably the largest and best-funded cryptocurrency portfolio in India, announced the launch of UNODAX. May 30, 2018.
Crypto-active traders to exploit
As stated on an official statement, UNODAX is modeled as a "live book trading" platform, which aims to amplify the offerings available in the Indian crypto-space to meet the demands of traders.
The platform must have a "wide range of tools and features" to provide cryptocurrency traders with maximum backlog validity and maximum order depth.
Exclusive benefits will be granted to market makers, with a 0.4% manufacturing fee and a 0.6% service charge. In addition, users must be able to access the platform via a web portal, Android and iOS.
Sathvik Vishwanath, CEO of Unocoin, spoke to CCN about the launch:
"This is a crucial step for us to announce the launch of UNODAX and simultaneously to establish two separate and dedicated platforms for two of our offerings. fundamental. "
The various prices of bitcoins on their exchange offers and portfolios led Vishwanath to work on UNODAX, primarily to ensure price uniformity.
In the current state of affairs, UNODAX offers the following trading pairs: bitcoin, litecoin, ether, bitcoin gold, bitcoin cash and ripple.
"Its launch fits into our vision of simplifying the process for users and achieving better scalability and performance," added Vishwanath. "We have also ensured a smooth transition for our existing users without them suffering a hiccup in the process."
With the launch of UNODAX, Unocoin has taken a crucial step in distinguishing two of its flagship products, in order to achieve better scalability and performance.
In terms of technical differentiation, UNODAX receives an upgrade of the user interface, and major changes to the engineering system to increase the liquidity and speed of trade.
Unocoin would be more than a bitcoin wallet, and UNODAX would be a peer-to-peer cryptocurrency trading platform. The two companies will effectively create a larger and more flourishing ecosystem, with Unocoin working with industry players to promote the use of bitcoin in services such as the systematic purchase plan , commercial gateways and mobile and DTH payments.
The contractor ensures that the migration from the previous trading platform to UNODAX will be seamless and " without any hiccups. "
This is because the two platforms share a single backend, which ensures that the user's login information is kept, with all previous transaction histories easily accessible.
Notably, the exchange is among the best contenders to build a living ecosystem in the world's largest democracy. As reported by CCN, Unocoin is supported by Blockchain and DCG, and collected $ 1.5 million in a turn of financing of Serie A in 2016, a first for the country.
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