Cakex
A privacy-focused cryptocurrency Exchange, allowing anyone to participate without limitations.
Privacy is our highest priority.
What is Cakex?Cakex is a cryptocurrency Exchange. Simple.
What is in it for you?Privacy. Our priority is you.
What is Monero?Monero (XMR) is a privacy-focused cryptocurrency that is not based on Bitcoin's code. Monero aims to be a fungible and untraceable digital medium of exchange. It intrinsically has a higher degree of privacy than Bitcoin or any of its various forks
What is CryptoNote?CryptoNote is the technology that allows creation of privacy-centric cryptocurrencies. You can visit their website here. The level of anonymity provided by CryptoNote isn't possible with Bitcoin code base by design. Bytecoin (BCN) was the CryptoNote reference implementation, and XMR is based on BCN's code.
Two of the main features of CryptoNote are ring signatures that mask sender identities by mixing and one-time keys that make transactions unlinkable. Their combined effect gives a high degree of anonymity without any extra effort on the part of the user.
Unlike Bitcoin, your funds are not held in the address you give out to others. Instead, every time you receive a payment it goes to an unlinkable address generated with random numbers. When you decide to spend the funds in that one-time address, the amount will be broken down and the components will be indistinguishable from identical outputs in the blockchain.
For example if 556.44 XMR are sent, the protocol will break it down into 500 + 50 + 6 + 0.4 + 0.04 and a ring signature will be performed with other 500's, 50's, 6's, 0.4's, and 0.04's in the blockchain. Unlike the "CoinJoin" mixing method, CryptoNote mixes outputs not transactions. This means no other senders need to be participating with you at the same time or with the same amounts. Any arbitrary amount sent at any time can always be rendered fundamentally indistinguishable (a mathematical proof is given in the white paper).
The degree of anonymity is also a choice rather than decided by the protocol: do you want to be hidden as one among five or one among fifty? The size of the signature grows linearly as O(n+1) with the ambiguity so greater anonymity is paid for with higher fees to miners.
How is Cakex different to any other Exchange?1. Cakex will use Monero as its main trading pair. This means that all coins/tokens can be bought and sold with XMR.
2. Users are registered with unique identifiers.
3. No limitations on withdraws and deposits.
4. Users may register and login without email, but must be sure of the risks before moving forward with this option.
5. Internationally distributed stack.
6. No geographic limitation.
Tell me moreThis project is currently under development. If you require privacy and find this project interesting, WELCOME. Please be patient with us whilst we prepare for our launch. In the meantime, read up on the importance of privacy and how privacy coins have contributed to the blockchain space.
For coins/tokens: We will open applications SOON.WE do not limit anyone from anywhere. Anyone can join and engage with Cakex. The decentralized community needs privacy, we are here to provide.
This is the only information released at the moment. Stay alert.
