Dear forum users!
We apologize for the lack of feedback from our project on the forum. Our temporary silence was related to the active development of our products and the position of our project to publish only those news and announcements in which we would be 100% sure. A lot of our products, unfortunately, depend not only on us, but also on the financial regulators, who as you all know, are quite cautious about cryptocurrencies and often delay or even disrupt the lengthy processes for coordinating the necessary permits . But, nevertheless, despite all the difficulties, at the moment, our Exscudo project has results and good news, and we are in a hurry to share them with you.
At the moment, we are actively working and continue to persistently develop our project, those who follow us on our official website
https://exscudo.com/ or in the AppStore, Google Play see that we regularly post updates. For the part of the community that is not aware of this information, we will try to tell as much as possible about the current situation on our project in this post as well as in the attached technical report on the project over the past 2 years.
To begin, let's restore the chronology of our development in the period after the completion of the ICO.2017 - we are recruiting a team, we are working with the regulator.
2018 - we get the 2nd license -
https://exscudo.com/our-licenses.html and bring the project in accordance with the new legislation of Estonia. At the same time, we are actively working on our ecosystem and working with partner banks. As already mentioned above, for us it was a difficult process, since the coordination of simple things at first glance lasted a very long time, with some banks, we completely spent almost a year of negotiations wasted. We will talk about this separately in more detail in our next posts.
2019 - we switch from a test platform to a working one, connect payment providers, launch fiat and euro / rubles withdrawals, terminal, an API for automated trading, have prepared new products in the form of SDKs for integrating our functionality into third-party applications, launched the ecosystem product line for b2b (for b2c the range has also been expanded)
2020 - we launch the ecosystem in a commercial mode, a new service (will be announced in January), a new product (which we will additionally announce in February)
What we have at the moment:•
The EON blockchain - successfully functioning without failures and crashes for the past 2 years and ensuring the reliability of the entire ecosystem and Exscudo financial instruments.
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Launched mobile application Exscudo Channels - a private messenger with wide functionality, including: audio and video calls, multi-currency wallet with fiat support (currently supported currencies RUB, EUR, in the future support USD, GBP). In the application you don`t need to memorize or store long addresses of cryptocurrencies, for transferring inside the system, you only just need to know the EON ID. In addition, inside the application you can exchange both fiat for crypto and vice versa, and crypto for crypto at the exchange rate. At the moment our application has over 100,000 dowloads
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Working exchange. What's important, Exscudo is not just a cryptocurrency exchange. The architectural solution allows us to provide in the SaaS format the functions of exchange, KYC checks, digital wallets, input-output of fiat and cryptocurrency funds. Recently, we also added the ability to deposit funds to bank cards, in the near future we will also add support for deposit / withdrawal via PayPal, plan to launch a referral program. On the exchange, in addition to supporting replenishment and withdrawal of funds in fiat (rubles and euros) from bank cards, the wallet can also be replenished via SEPA (Wire + SWIFT connection is expected soon).
At the moment, 43 pairs are being traded on the exchange, the voting system for entering new pairs is working
https://my.exscudo.com/#/vote In addition, the margin trading is working in test mode, which is scheduled to launch in January, now you can look screenshots from our test environment
Margin trading - open positions of the user.https://imgur.com/K6rIZZUMargin trading: transferring funds between a trading portfolio and a margin portfolio.https://imgur.com/kL6MTm4•
Launched in test mode own terminal.•
A blog has been launched to popularize the topic of cryptocurrencies -
https://exscudo.com/blog/ in which we regularly publish interesting, relevant materials and analytics. In addition, the project management is regularly published in the world's leading media, for example, in 2019, Exscudo CEO Andrei Zimin gave an interview to one of the leading economic newspapers in France - La Tribune
https://www.latribune.fr/supplement/il-s-agit -d-un-mecanisme-bien-reflechi-pour-introduire-l-economie-numerique-dans-la-vie-des-citoyens-francais-825395.html
We also prepared a brief technical report of our team over the past 2 years, where everyone can get acquainted and understand that we really worked hard and have done quite a lot. The report is available here https://docs.google.com/forms/d/e/1FAIpQLSe532V9FI0-LD6T8_IahG52NXqoAPaEf2g0DB0dFWdYvVZcMw/viewform?usp=sf_link
Of course, our post and report expresses only part of the work that was done by the project team. It should be understood that behind a short line of text about the next release, hundreds of hours of work of developers and other project specialists are hidden.
Speaking about past achievements, we do not forget to think about upcoming plans for 2020, which promises to be full of new releases and events in our project. Exscudo's mission is large-scale and takes time to implement. To put it thesis:
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We make a reliable and fast tool for working with both cryptocurrencies and fiat, Exscudo acts as a bridge between the two financial worlds, maximizing their simple, safe and convenient interaction. Not so long ago, buying a cryptocurrency in 2 clicks from a mobile phone and a Visa / Mastercard bank cards looked like something magical, but thanks to our Exscudo Channels application this magic has become a reality!
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We stand for application solutions that provide real benefits to users and not just hype around blockchain technologies.•
We stand for the lack of borders in the field of payments and for the low cost of commissions for the payment of goods and services. We already took the first step in this direction, it was difficult, but we went through it - inside the ecosystem, everything works quickly, reliably, safely and conveniently. The next step, which has already been partially implemented, is to connect as many fiat services as possible with the subsequent optimization of transaction costs.
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Yes, now we have small volumes on our exchange, because we do not artificially boost trading volumes and we don’t have a task to push our EON to the skies in order to get into the top course aggregators, since the pump and dump scheme is significant, but has very short-term effect. We entered the market for a long time and do not want to dissolve in thousands of meaningless tokens.
In conclusion, we would like to encourage all members of the community to be respectful to each other. Entering the era of cryptocurrencies and blockchain, we started a new innovative path that cannot be fast in all its segments, at some point there can be a slowdown, but this does not mean that we gave up and lost, we continue to fight and we want to ask you not only criticize us, but also help us by downloading our mobile application, bidding on our exchange, telling your friends and acquaintances about our project.
We hope for understanding, if you still have questions, we will be happy to answer them!
