BEST PLATFORM FOR CRYPTO TRADING AND MINING – CATEX
WHAT IS CATEX?
Catex project came to existence August 2018, the platform was established to ensure users are served best in their ride in the use of cryptocoins. It is envisioned that Catex had been designed with outstanding features that cannot be compared with any other existing sites with the qualities it has. Having its own unique operations, it stands out from so many cryptocoins that are just like one another and now, it is going to make a difference in the market. It projects a very transparent means of trading and installs a special stock exchange for users. This is what allows it to trade in heavy and low volumes without being hampered.
WHAT PROBLEMS WILL CATEX SOLVE?
We cannot deny that fact that there are many problems in the existing Trading and Mining platforms. Below are few list of this challenges that have hindered crypto currency adoption.
Lack of Efficiency in mining due to activities of developing team
Lack of transparency on some exchanges
Inadequate security measures
Lack of proper incentives to encourage users of such platforms.
Price fluctuation: this is a major problem in some crypto exchanges as the prices of the tokens are never stable there causing investors to lose money.
High consumption of power by other mining platforms
High cost of maintaining the mining equipments.
Environmental pollution due to the highly used power
High cost of transactions /trading fees on other Exchange
COMPETITIVE ADVANTAGES OF CAT.EX OVER OTHER MINING OR TRADING PLATFORMS.
CATEX undertakes trading and mining activities: this implies that on same platform users can trade other cryptocurrencies as well as mine or trade CATT .
CATEX gives back to users: when trading on the Exchange and fees are paid, CATT is generated via mining and given back as bonus to the trader who traded other cryptocurrecncies on the Exchange.
Unlike other platforms, most of the major decisions on the platform are made by the community; this also encourages participation on the platform. This is done by creating several social media channels where the voice of the large community could be heard and put into consideration by the team.
In other to encourage mining on CATEX , upto 5% bonus of fees gotten from mining is given back to users depending on the amount of CATT a user is holding per time.
5.CAT Exchange has the interest of its investors at heart, this is why it pays upto 90% of amount gotten as daily dividend back to investors.
THE TOKEN AND USES
CATEX created a utility token on the ethereum blockchian called CATT. This token is meant to serve as the major driver of the CATEX ecosystem. CATT is used for several purposes such as:
CATT is the token given back to users as bonus for trading on the platform
It is the coin traders mine on the CATEX platform
Payment for other rewards and incentives on the platform
Token Symbol => CATT
Token Type => ERC20
Token Supply => 10,000,000,000 CATT
Token in Circulation => 2,000,000,000 CATT
CATEX has introduced a buyback program where CATT is bought back by the team and kept in a special wallet whenever the need arises. The lock time introduced by CATEX is also one of the strategies to add value to the token.
It will interest you to know that holders are paid dividends according to the amount of their locked tokens and a lot of holders want to earn more rewards, therefore they lock a high amount of tokens and this significantly reduced the circulating amount of CATT token.
CATEX project has been designed with latest innovation are such that are not found on other Exchanges. In other Exchanges, traders pay a huge amount as trading fees and got nothing in return, but in CATEX as we trade, we are paid for trading. This is a great idea that will in the nearest future attract so many individuals as well as organizations to CATEX Exchange and the cryptoworld as a whole.
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Author’s Bitcointalk Name: Elachious