Abstract:
Hydax trading platform will provide high quality service for millions of community members around the world, facilitate the revolution of gaming industry, and empower the development of digital token economy.
At the core section of the industry, digital currency exchanges are at the top of the food chain, occupying a wide range of resources and offering the highest level of benefits. The average annual revenue of the world’s top five digital asset exchanges exceeds 20 billion RMB. With the temptation of huge profits, it is inevitable that exchanges will compete fiercely amongst each other. As cryptocurrency gains more mainstream popularity, increased demand for an increment market will lead to greater levels of traffic in the future.
When the bull market began in 2019, it started a period of financial war among the cryptocurrency exchanges. Some exchanges chose to blindly copy the business models and operational processes that worked for successful exchanges; the big exchanges with sufficient resources competed to become business oligarchs; and others stood by traffic and launch projects aimlessly. However, in order to gain more users, some exchanges work hard to promote globalization and introduce vertical integration. In this revolution, Hydax is seizing the opportunity. It actively focuses on a vertical market — gaming — and is committed to building a top exchange for the global gaming ecosystem.
Focusing on a Vertical Market — Gaming
Gaming is widely recognized as one of the best fields for furthering the mass adoption of blockchain. Future opportunities of integrating blockchain technology into the gaming industry include: using blockchain technology to create value for traditional games by deploying them and the in-game assets on chain, as well as helping game developers launch projects, make their games, design business models and start community marketing campaigns on chain.
Giants like Microsoft, Google, Tencent and Alibaba have all made significant investments into blockchain gaming. The Enjin Wallet will be installed in the latest Galaxy S10 smartphone by Samsung, and its ENJ Coin is expected to be used by over 31 million users. Tencent’s first blockchain +AR game, let’s hunt monsters, was officially launched at the end of February. 60G.IO, a famous blockchain game company, announced that in order to integrate entertainment with trading, it must build strategic partnerships with 60 exchanges and they would all share the wallet assets. The company also developed a development strategy: gaming while mining, hold the currency to get dividends. The market price of MANA and many other Chinese blockchain game projects have been increasing dramatically.
With the decentralized nature of blockchain technology, players can have more fun from the virtual world, which will improve players’ satisfaction towards blockchain games and greatly empower the industry. Blockchain technology provides unlimited communication opportunities among players, game developers and other parties on mutually beneficial terms. Hydax emerges in this critical point when cryptocurrency is about to be adopted massively in online games and financial services.
The gaming exchange model is also considered a major breakthrough of business models for blockchain gaming. Hydax’s exchange will redefine our understandings of the industry. We provide users with multiple types of entertainment, such as playing, seeing and trading tokens, rather than just playing games. In the future, the Hydax exchange will strive to break through the bottleneck between game assets and exchanges to become the world’s leading game asset trading platform.
In the early stages, Hydax will help players monetize tokens and help small game projects with the needs of token circulation to grow online and offline communities at their foundational level. Hydax will leverage its global gaming communities with millions of members, excellent technology and professional security team to empower the ecosystem of the online gaming and financial industries.
Early Partnerships Bring in Millions of New Users
Hydax is an innovative cryptocurrency trading platform in gaming industry, using EGT and LG as its token in the ecosystem.
LGame, a Taiwanese-based blockchain technology company, was founded by a group of blockchain enthusiasts and innovators who are proficient in decentralized technologies. The company is committed to building a global chain ecology with tens of millions of users, providing platform users with a better gaming experience. Holding tight to the spirit of “user oriented,” Hydax and LGame will insist on the concept of gaming as an investment.Users can get LG tokens by playing games in LGame’s ecology. The LGame team will share the profits of the ecology with the token holders let users control their own data and also allow their users to earn revenue from the entire ecology’s growth. This helps to protect users from spending large amounts of money and time playing games without any return. What these gamers can receive from their high scores on the leaderboard will be more than just a label and a sense of vanity.
Egretia is the world’s largest HTML5 Blockchain engine and platform. With the help of visualization tools, developers can efficiently create HTML5 blockchain games without paying attention to the underlying technology. Egretia is committed to bringing 200,000 developers and 1 billion mobile terminal devices into the blockchain ecosystem. Up until now, EGT has been listed among the top 40 cryptocurrencies in the world.
In the early stages, Hydax will collaborate with Egretia and organize bounty programs such as exclusive participation in IGO for Hydax users holding EGT; lock-up coins and rewards; discounts on exchange service fees when holding EGT and other incentives for their users.
In the future, Egretia and Hydax will develop a multi-dimension ecological cooperation with each other in the fields of game incubation, platform IGO, consensus community, etc., empower blockchain gaming industry, and establish a greater market space at the same time realizing huge industrial value.
The collaboration of both companies will bring a considerable number of users to the Hydax gaming platform.
A Secure, Reliable and Powerful Trading System
There is no doubt that exchanges are the main places for digital currency transactions. Due to this, the security of these exchanges has always been the most trending topic in the industry. The main reasons for security problems are people’s lack of awareness into the cybersecurity space and the exchanges’ current and potential vulnerabilities. The Hyadx team believes that the development and operation of its platform’s technology security is the prerequisite for its future development. Hydax core team members come from top Internet and financial companies all around the world. They have different professional backgrounds in traditional financial, internet and blockchain industries, which makes them well equipped to further the Hydax exchange and the future of blockchain gaming
In terms of the team’s technical advantages, the Hydax trading platform uses a high-performance concurrency model that can handle millions of transactions ___. It will evolve into a globally distributed multi-node system and provide decentralized custody and clearing services of crypto assets to create a safe, reliable and zero-friction trading experience for its users. In the meanwhile, relying on its powerful global ecosystem, Hydax will help the world’s best blockchain projects achieve their goals quickly.
Hydax’s security system design is based on three main concerns of users: the security of the exchange’s wallet and storage, the response mechanism of security emergencies and the vulnerabilities of the exchanges’ websites. Hydax designed a comprehensive security mechanism for its trading system, including a web application audit, Android/iOS application audit, target assets detection, automated vulnerability scanning, multi-dimension monitoring, simulated penetration testing, security consulting (repair suggestions + Security Reinforce), and safety assessment for new features. To solve the risks such as wallet security and dApp contract security, Hydax conducts cautious prevention measures at various levels (i.e. network, system, application, etc.), which lets the team find problems in a timely manner and effectively take control of them to minimize risks.
Although the game industry is highly monopolized by a few large game publishers that provide fundamental technologies and determine the industry direction, Hydax’s decentralized nature and blockchain technology is truly changing the game. Hydax, as an innovative cryptocurrency trading platform in gaming industry, will continue to actively focus on a vertical market — gaming — and stay committed to building a top exchange for the global gaming ecosystem with more strategic partners in the future.
About Hydax
Hydax was born in an era when we are start seeing widely adoption of the blockchain technology by the online gaming and financial industry.
Hydax.com is a safe, trustworthy and innovative digital-asset-trading-platform. Hydax exchange has the capacity to process millions of transactions at the same time, have multiple distributed nodes and rigorous risk control model, separated cold and hot wallet custody.
Hydax is committed to create a top global cryptocurrency exchange that serves the entire blockchain industry.
Fee Structure
Hydax is always committed to provide users with the best products and trading experience. In order to reduce trading cost for the EGT community members, Hydax will apply a VIP tier. After comparing trading fees among top global trading platforms, we are proposing a competitive fee structure that will better serve our customers. Our VIP system:
- Users will be upgraded to a higher VIP level by holding more EGT
- Maker and Taker fee rates are set up differently. Users are encouraged to place more Limit orders so that the market can have deeper depth and higher liquidity.
- The new VIP Fee Structure will be effective on: TBD.
Our proposed VIP Structure
Official Website： http://www.hydax.com
Telegraph ： https://t.me/HydaxExchange
WeChat official account：Hydax_io
Twitter：https://twitter.com/HydaxE
Medium：https://medium.com/hydax
Instagram: https://www.instagram.com/hydax_exchange/
Author : cotel
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2573681
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