Quote from: genesisex_com on September 13, 2017, 03:40:27 AM

Quote from: tonychow on September 12, 2017, 11:37:13 AM

Quote from: genesisex_com on September 12, 2017, 02:29:53 AM

100% Transparent

- Real time total user balances
- Published cold wallet address

How transparent are other exchanges?

Digital currency exchanges often fails.

In February 2014, Mt. Gox suspended trading, closed its website and exchange service. Mt. Gox announced that approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen, an amount valued at more than $450 million at the time. The amazing thing about the Mt. Gox incident was not just the number of lost bitcoin, but by the extent of negligence by the company. Investigations into the company showed that it had been losing bitcoins since 2011 in minor failures. In fact, it was not a single hack that led to the loss of the bitcoin, but small amounts being stolen by hackers since 2011. It is not possible to know whether Mt. Gox knew of this, but the company did not have as many bitcoins by 2013 as it thought it had. It was only the mass panic and withdrawals by clients in 2014 that made people aware of the fact.

Bitfinex, which replaced Mt. Gox as the world's largest bitcoin exchange, lost $72 million in bitcoin in 2016.

Study (http://fc13.ifca.ai/proc/1-2.pdf) shows that online bitcoin exchanges have a failure rate of 45 percent, with customer balances often wiped out.

We aim to build worlds most secure and trustable digital currency exchange. In case a security breach happens, this information will be delivered to the public in real time by publishing the real time total user balances and our cold wallet address.

Even as you said, I think there's no relationship for 100%.