The concept of CRYPTX comes from the very own class of cryptocurrency. A distributed, democratic, Universal cryptocurrency which provides you the control of your money. With no involvement of middlemen who is controlling your money. CRYPTX token is formulated to give you the access to the Basic Financial Service and Investment industry without any interference of third party. The CRYPTX Token is used widely on the CryptX Financial ecosystem which gives you independence to invest or spend your money the way you want.
Who Created it?
The CRYPTX token is our own cryptocurrency which is minted by CryptX Financial with the vision of making an open marketplace accessible and open to everyone and everywhere. It is a means of exchange of goods, services, Financial instruments, digital assets and all the other commodities you can imagine with one and only the CRYPTX Token. It’s an ERC20 token which is currently residing on Ethereum Blockchain until ANVIL (Asynchronous Natively Verified Inter-trade Ledger) is launched. It’s a custom Blockchain developed by CryptX Financial for absolute security of the assets which our customers hold with an algorithm called Proof of Elapsed Time (PoET) which is developed by Intel. You can read about ANVIL Blockchain here.
CRYPTX token supported by ANVIL Blockchain gives you the access to infinite commodities and securities and other goods & services with state of the art User Interface and Robust Security with very high Scalability.
What ways is CRYPTX different from Traditional Currencies?
CRYPTX can be used to pay electronically just the way visa or mastercard works, it works similar to Euros and dollars with zero cost associated with it. This means, you wont feel cheated ever again to withdraw your own money, you are the one in control. There won’t be any additional cost for you buying any commodity you require, everything happens at ZERO transaction fees with the CRYPTX Token.
It differs from the Fiat Currencies and Other Cryptocurrencies in Various ways:
CRYPTX’s most important characteristic is the decentralisation and Security it holds due to ANVIL Blockchain. Due to the immutable and distributed nature of Blockchain, it cannot be controlled by any central authority. The system will be maintained by community of coders worldwide, and currently it exists on the Ethereum blockchain which is itself a state of the art blockchain.
CryptX Financial aims to provide the access to absolute democracy and decentralisation to the users with maximum security. ANVIL maintains the integrity of transactions by means of dual blockchain authentication. In layman language, It is technically un-hackable and decentralized.
The Supply of CryptX Tokens is limited. The total CRYPTX Tokens which are being minted are 250 Million. Unlike any other fiat currency the supply is limited, which means the value per token will always increase. After the successful ICO the users will decide the value per CRYPTX upon the usability of the token which makes it a very attractive asset, and a way for a Universal Global currency.
CRYPTX can be converted into smallest units just like cents, which would enable micro-transaction which fiat currencies doesn’t. Even if token price rises, goods and commodities can be traded using fractional currencies on the platform.
CRYPTX token will be supported by ANVIL Blockchain which has dual authentication characteristics, therefore it makes it un-hackable. CRYPTX will be distributed in such a way that it counters the very infamous 51% attack and maintains the market stability.