MICRO EXCHANGE
MicroMines is developing the next generation Decentralised Exchange (DEX), which is scheduled
for BETA launch in Q1 2019. The team aims to fully launch the platform later in Q3 2019. MICROEX
will offer a number of great features to the end user, such as enabling the user to have a full control
over their digital assets (owning the wallet private keys), anonymity (no identity verification is
required in order to deposit, withdraw, as well as trade cryptocurrencies), and a high level of security
using the latest technologies for Peer-to-Peer (P2P) trading systems.
Centralised cryptocurrency exchanges, on the other hand, have to comply with Know-YourCustomer (KYC) and Anti-Money Laundering (AML) policies, therefore they ask their users to be
verified using official government identification documents (ID) such as passport and driving
license, as well as selfies, and many other forms of verifications such as bank statements and
utility bills to verify the user's home address. This is a major obstacle for many users interested
in trading cryptocurrencies, as they are not so confident that these sensitive information will be
stored securely, when the rise of data breaches is taken into account.
Unlike with centralised exchanges that often disable cryptocurrency trading as well as deposits
and withdrawals, MICROEX offers users up to 100% running time so that they do not miss a
moment trading, depositing, and withdrawing cryptocurrencies. Moreover, while centralised
exchanges maintain a full control of users’ accounts, including their digital assets. It is very
common to suspend accounts without any reason, which as a result, users lose their digital
assets. Furthermore, centralised exchanges lack in security measures as they are running on
known servers, which increase their vulnerability to hackers. MICROEX will be operating
through a variety of nodes, leaving no doors open to hackers getting their hands on users’
digital assets. Furthermore, users will enjoy a high level of privacy as they will not be sharing
their data with MICROEX as they do with centralised exchanges.
MICRO EXCHANGE FEATURES
MICROEX allows users to trade ERC-20 tokens only. That gives them access to over 1,000
tokens that can be integrated directly onto MICROEX, without the complexity of integrating
custom blockchains. With a high level of security protecting users’ data, as well as their digital
assets. MICROEX will have a user-friendly interface that suits both beginners and experienced
traders. Moreover, MICROEX trading fee will be as low as 0.15% per transaction. Meaning that
users will be trading without the high expense that centralised exchanges often charge,
especially when users withdraw their digital assets to their wallets. For instance, Binance
charges 0.1% trading fee plus withdrawal fee (0.0005 BTC, 0.01 ETH, 0.01 LTC). And Poloniex
charges (0.25% take fee & 0.15% maker fee). With MICROEX, withdrawing ETH or other ERC20 tokens will incur a network transaction fee only.
Micro Exchange Features
1. Full Control
2. High Level of Security
3. Complete Privacy
4. Low Trading Fees
5. Improved Interface Design (enhanced usability)
6. One-Click Ladder Trading Interface
7. Decentralised Account Balances
8. Reliable Running Time
