Cryptonex Quick overview

Introduction

Cryptonex is a peer-to-peer exchange to buy and sell cryptocurrencies while staying in-between two parties. All transaction on this platform is promised to be real-time without any delays or pending statuses.

It offers unlimited transactions per user until unless those are valid. Any user can buy its native currency CNX by registering and transferring their BTC or ETH coins. Those funds are then automatically changed to CNX which can be used to buy any other cryptocurrency.

Influencers

Ardor has a perfect blend of expert from each necessary field. List is below:

• Paul Kalinin – CEO, Co-Founder https://www.linkedin.com/in/paul-kalinin/
• Lina Kai – PR Director https://tokensrecord.com/membersearch?keyword=Lina%20Kai
• Andrey Ershow – Executive Director  https://www.linkedin.com/in/andrey-ershov-a83914153/
• Max Tennant – Technical Director  https://tokensrecord.com/membersearch?keyword=Max%20Tennant
• Igor Litvinenko – Team Leader https://tokensrecord.com/membersearch?keyword=Igor+Litvinenko+
• Efim Ivanov – Development Specialist  https://www.linkedin.com/in/efimivanov/

Technology

HFT: They have used aggregate HFT system for trading which eliminates the need to have access of several banks. For most of their systems and transactions, Currenex system is developed.

Investment and loss control: A completely new approach has been used to keep control of investments with immediate entrance and exit.

Advantages

• The project is not forked or built on any other platform which gives it more custom functionality
• Proof of stake consensus makes the mining more profitable
• Purchases can be made by fiat currencies
• Rewards for posts and translations

Disadvantages

• The platform is still in development but available with limited functionality
• UI is troublesome for newbies
• CNX is a must to own for trading
• Limited coins availability
• ICO
• Not very active on social media
• Not a trustworthy project

Whitepaper

Its official paper was released in 2017 which explains briefly how the trends are changed since 2015 and what the current challenges. Most of the information is very detailed to read in one sitting but a well explained piece of information.

https://cryptonex.org/pdf/whitepaper.pdf

Real examples of use

If a user owns ETH or BTC or even fiat currency; he can easily buy CNX and then start mining. The user can go to the official website register there and buy CNX using any of the above-mentioned currencies. Once you have CNX bought, you can start trading anywhere through pool-mining. As the platform works with proof of stake so more you participate the more you earn. Once you have enough reward you can withdraw in any form either as ETH, BTC or fiat currency.

Technical Analysis

Cryptonex is aimed to act as a connector for different cryptocurrencies for exchange and selling/buying purposes. It has developed its own statistics system which defines the strategies and behaviors of adaptation while comparing to current and upcoming forecast. Internal tools allow the development team to analyze customer behaviors and predict the required amount to develop more.

Fundamental Analysis

It is an open-source platform which uses the data from different peers to establish its own connection with other exchanges. Peers data is helpful to provide current rates of different currencies and keep the financial flow up and running with any bottleneck on the blockchain.

Security

Cryptonex is based on Encryption Scrypt which is a known algorithm to protect transaction systems over blockchain. It cancels any experienced hacker attack with being into the system. Another strong security check is on mining pools where each miner is verified and double checked before participation and while exiting.

Investors

There is no official list is published regarding investors or partners, but they are already involved with Visa & Mastercard integrations into their systems and to issue the card to their customers if they wish.