Even though cryptocurrency trading is a very lucrative, profitable
as well as risky, many users find it too complicated to keep track of their
tokens by signing up with multiple exchanges in order to get the best deal at a
time. Moreover, different trading platforms have different requirements and
conditions for trading, which further complicates the task. Well, ComputeEx
comes as a one-stop solution to all your crypto trading needs.
So, what is ComputeEx
exactly?
ComputeEx is a different kind of digital exchange platform
which makes the trading of digital assets hassle-free and more convenient by
providing traders with the best rates of their tokens from across different
exchanges.
How does ComputeEx
work?
The entire operation of ComputeEx has been divided into the
following four modules:
- ComputeEx Exchange
- Lending & Borrowing
- Peer to Peer Trade
- ComputeEx Wallet
ComputeEx Exchange
ComputeEx exchange gives you the best rates from top
exchanges across the globe at one place enabling users to make time-sensitive
and informed trading decisions.
The existence of numerous exchanges has made it difficult
for a user to keep track of all his/her digital assets across all the
exchanges. What ComputeEx does is it utilizes bots to fetch the best rates of
multiple tokens from across the top exchanges and show the data in table form
on a single interface within the ComputeEx platform/app, along with the option
for a user to buy/sell their tokens on any of these exchanges, without having
to register separately on each platform.
Another interesting part is that ComputeEx is being designed
in such a way that further addition of digital assets and new exchanges is also
possible.
A user has to pay a service charge of 0.5% for each
transaction, in addition to the network fee. A 50% discount in the service fee
will be given on payments made by the EST (Era Swap Tokens).
Lending &
Borrowing
This is another major aspect of ComputeEx, which allows
users to lend and borrow in the form of digital assets in a peer to peer
environment. In order to lend via this facility, a lender will be required to
fill a form providing the details such as lending asset type, collateral asset
type, interest rate, duration of the loan, etc. Similarly, a borrower is also
required to fill a form providing similar details. The system automatically
compares the orders to find a match. Users can also see the order book and
browse the applications in order to find a match manually.
There is a collateral ratio of 1:2 and a service charge of
0.25% for each transaction. A 50% discount is offered on service charge if paid
in EST.
Peer to Peer Trading
This facility allows users to trade their digital assets
directly and freely without going through an intermediary. Users can place a
buy/sell order, connect with the buyer/seller directly, make a deal and process
the transaction. All transactions as well as payments are secured through an
escrow account. The payment will be automatically released to the seller once
the order delivery is confirmed by the buyer.
There is a separate dispute channel through which a user (buyer
or seller) can raise a complaint in case of a transaction dispute. There is
also a transaction fee of 0.25% and a discount of 50% is the service fee if
paid with EST.
ComputeEx Wallet
It is a secure digital wallet which can be used for storing
and transacting different types of digital assets in a verifiable environment.
As of now, the ComputeEx wallet supports BTC, ETH, and EST tokens. In addition
to asset storage and transaction, the wallet can also be used for the in-wallet
swap of tokens, which means the users of the wallet can convert their tokens
between the supported ones within the wallet itself.
In short, ComputeEx provides a truly peer-to-peer, low-cost,
secure, easy to use and one-in-all digital asset exchange platform for the
benefit of both professional and amateur traders.
