Why our exchange will be much better than other solutions

Our Airdrop process is in full swing and we, before demonstrating our platform, want to talk about the logical aspects of the first exchange platform based on the ESCB9 protocol.

Now we are seeing the emergence of many exchange platforms. Many of them resemble each other and fit into one of several concepts.

• With commission
• No commission
• Decentralized
• Centralized
• Cryptocurrency
• Crypto-fiat

Exchange platforms with a commission and without won't be considered because doesn't improve the idea at all.

The most common are precisely centralized exchanges. They account for more than 90% of all operations with cryptocurrencies. The top 5 exchanges account for up to 80% of all operations with crypto assets.

So why do we think that our exchange platform will be competitive?

To answer this question, it is necessary to understand how any exchange and currencies in particular work.

Side A has 1 ETH and wants to exchange $200. In this process, someone will have to pass the exchange object first. Here a trust problem arises, because the party accepting the transferred object may not fulfill the conditions of the transfer on its part. It is solved by escrow.

A typical centralized exchange informs you of the account number where it is necessary to transfer the amount to before the start of any transaction on this exchange. Thus, you have a deposit for all operations with this asset at the address of the exchange. To withdraw a deposit, you need to ask the exchange team to send you an asset back. The exchange in this way can freeze all deposits on the platform for any reason. Many exchanges do not register at all and work on honesty. Centralized exchanges can lead to the worst consequences for the entire market, such as exit-scam MappleChange or stealing a large amount from hot wallets, as happened with Zaif.


Decentralized exchanges are deprived of this disadvantage, but can only work with digital assets, since the deposit for the exchange takes place according to the algorithm of the Smart Contract. The advantages of such exchanges are huge since at least you can make a direct transfer of assets since two participants make a deposit.

Crypto-fiat exchanges or exchange offices operate on the principle of trust, so they do not use a deposit. You immediately send the cryptocurrency to the operator and then wait for the transfer of fiat money to a plastic card or receive a different asset. The commission for the operation for such exchanges is quite large, 8?10 percent of exchange quotes. Such exchanges are often the only way to exchange fiat money for cryptocurrencies.

Our exchange platform allows you to combine the best approaches for assets exchange. In this way, it is safe to exchange any crypto assets for fiat or other high-speed assets.

How can we achieve this?

Our hierarchy of multi-signed wallets algorithm forms the Trust System and allows all parties to the exchange to form and validate new members who will exchange directly with each other. This approach will achieve several main properties:

• Use the decentralized principle
• Transfer centralized exchange features to the community
• Avoidance of using hot wallets and centralized deposits
• Open source for exchange platform code
• Operations will be conducted on the blockchain, that allows using all benefits of this approach