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The European Cryptocurrency Exchange, or EUCX (pronounced You See Ex) is a new cryptocurrency exchange with a global focus, based in the Netherlands, filling the European gap in secure and regulated exchanges aimed at the professional retail trader and boutique firms.

The EUCX platform is focused on the demanding and professional trader. Including the upper segment of retail trader and boutique firms. These types of traders have higher demands when it comes to customer support, trading costs, automation, security and reliability of not only the trading platform, but the organization itself.

When examining the global landscape of cryptocurrency exchanges, one sees that both Asia and North America are the dominant players in the cryptocurrency ecosystem, yet Europe is lacking behind. This fact was recognized by the European Union in 20181. This is an ironic fact seeing as historically speaking Europe, and especially the Netherlands, has been a main hub of financial innovation.

Throughout the last few years, cryptocurrencies have exploded into a true digital financial ecosystem. At the time of writing, over $14 billion (USD) in volume is exchanged on a daily basis, on the various cryptocurrency exchanges throughout the world today. Unfortunately, with the increased volume and interest, weaknesses have become apparent. Several exchanges suffer from a number of issues, ranging from poor customer service, lacking information security and unreliable availability, poor liquidity, and a questionable legal basis. The picture that is being painted is one of crudeness. It seems that, generally speaking, cryptocurrency exchanges underestimate the amount of effort that goes into successfully running a service organization.

These days many exchanges go out of their way to avoid regulatory oversight. EUCX does the opposite by actively complying with current financial laws on both a national and European level and seeking and staying in close discourse with regulators and the proper authorities. On top of the solid fundamentals, EUCX also has one of the fastest matching engines in the industry to date, with over 4M trades per second and two tiers of real-time redundancy and availability, allowing boutique firms and professional traders to access institutional grade systems for a retail price.

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Value Proposition

- Full Transparency: Exchanges are oddly opaque for an industry that is supposedly built on open source and the notion of complete transparency. EUCX has multiple policies regarding openness and transparency, such as: 1) Publication of annual financial reports, 2) Transparent listing procedure (costs, requirements, etc.), 3) EUCX fund wallet addresses are published on website, 4) Contact information must always be easily obtainable, 5) Company’s leadership clearly listed on website, 6) Each separate donation publicly announced and 7) Results of external audits are published. Please notethat it is possible that due to legal limitations or security policies, EUCX is not able to disclose certain information.

- Customer Service: Support for the EUCX customers is delivered through multiple servicing channels. Service teams work according to the ITIL principles, allowing for structured procedures for the handling of support tickets. EUCX support teams aim to resolve any issue within 24 hours. Premium and Business accounts can expect a 4 hour window.

- Information Security: EUCX hosts a perpetual bug bounty program as part of their Vulnerability Disclosure Policy. In this program ethical hackers are encouraged to break into the EUCX environment and discreetly expose its weaknesses in order to receive a payment of EUCX tokens as a reward. At regular intervals EUCX hires external ethical hackers to perform a code review and penetration test on the technical environment, as well as the organizational environment and physical environment (so-called “red teams”). Our no-holds-barred approach to penetration testing makes sure all aspects of the technology and organization gets scrutinized, including, but not limited to: IT systems, EUCX personnel, physical location(s) and cooperating partners.

- Site Reliability: By taking advantage of the latest technologies, multi-tier redundancy, architectural designs and other precautions on several technical and organizational levels, EUCX aims to guarantee their systems’ uptime. Proper software and systems architecture is a major factor to achieve this goal, as well as a solid software development pipeline. One simply cannot guarantee any level of uptime and performance when these features are retrofitted onto existing systems. Therefore, instead of “just winging it”, EUCX has created a systems architecture - reviewed by external peers (Nefos IT, et al.) - and is believed to be a recipe for a continued uptime.

- Regulatory Compliance: In some cases, cryptocurrency exchanges have been forced to close down or move across international borders due to legal issues with their local government.EUCX complies with current financial laws and anti-money laundering laws and is in close discourse with government officials concerning the upcoming changes in European laws regarding cryptocurrencies in 2020 and beyond.

- EUCX Indices: EUCX has its own indices, based on blockchain technology sectors such as: security, storage, exchanges, payments and more.

- Contracts for Difference (CFD): To facilitate the growing demand of professional cryptocurrency-backed financial products, EUCX is setting out to create contracts for difference on all listed assets, including its indices. The CFDs can be traded with up to 20x leverage. Exact terms & conditions of these CFDs are to be published on a later date.

- Premium Accounts: While all accounts are free (regular) to begin with, users can opt in to pay an extra monthly fee to receive premium features. Individual users pay a monthly subscription fee of € 49,95 while business accounts pay a monthly subscription fee of € 149,95.

- Fees & Limits: The trading fees at EUCX can be divided up into three categories: Regular, Discount and Premium. All users with free accounts pay the full rate of 0.08% of maker and taker fees. If the user has enough EUCX Tokens a reduction of 50% is applied, as is the industry standard these days. Users with premium accounts do not pay trading fees, instead these users pay a monthly subscription fee. Business accounts can create team accounts for € 99,95 per extra account per month. Each team account receives one zero-fee API key, while subsequent API keys pay regular trading fees (0.08% maker/taker).

- Referral System: As both a marketing effort to gain users and an effort to retain users, a referral system is implemented. Details on this referral system are to be determined before or during the public launch of the platform. Users can expect a similar referral system to that of colleague exchanges.

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Token Metrics

• Ticker: EUCX
• Platform: ERC20
• Total Token Supply: 1.000.000.000 EUCX
• Supply For Sale: 625.000.000 EUX (62,5%)
• Token Price (Pre-Sale): € 0,0225
• Token Price (Public Sale): € 0,03
• Soft Cap: € 3.250.000
• Hard Cap: € 18.750.000

Important Information

• Our proprietary matching engine is built in-house and currently in Alpha phase. The matching engine can reach 4 million transactions per second with two real-time redundancy tiers. Having a matching engine
  that can reach these speeds allows users to engage in automated high frequency trading.
• Founding team members’ allocation is sent to an escrow contract which releases the tokens in tranches every 3 months, for three years. This vesting period starts the moment v1.0 of the platform is released.
• Advisor's tokens are vested for 12 months.
• Contributors who wish to participate in this ICO are required to follow a standard KYC procedure. This constitutes the uploading of a valid passport, National ID (EU/EEA/Schengen only) or a drivers license (EU/EEA/Schengen only) of non-restricted countries and a selfie with the identification document in question
• Should the hard cap be reached, EUCX will distribute more tokens in the form of an airdrop. The amount and moment extra tokens will be distributed is at the sole discretion of the management team.
• We are officially registered in the Netherlands with the Dutch Chamber of Commerce, number: 73140848
• Our VAT number is NL859370616B01, you can validate our number with the European Comission
• We have partnerships in place with the European Blockchain Foundation, Nefos IT, Serendipity Blockchain Solutions and Blockconnectors.
• To participate in the private sale, parties should contact EUCX at tokensale@eucx.io or contact the team on the official Telegram channel.
• For media inquiries and interview, please send an e-mail to press@eucx.io.
• Are you interested in partnerships and do you have a business proposal for us, please contact us at business@eucx.io