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A new exchange platform will be disrupting the way cryptocurrencies are being traded. TrustBar, a decentralized cryptocurrency exchange, will be launching its Initial Coin Offering (ICO) on August 31, 2018. The platform enables cross-chain token exchange with just one transaction, through a single click.TrustBar is the first of its kind in the cryptocurrency scene. Unlike other centralized exchanges which limit users to specific types of tokens they can trade on their platforms, this new decentralized service allows the exchange of different crypto-assets on just one platform. This process enables users to not only transact intra-blockchain, but also trade cross-chain.
“Blockchain and cryptocurrency is the future. But the future shouldn’t be complicated. Buying, selling, and trading crypto-assets have to be as easy as a touch of a button — this is what TrustBar is offering users,” TrustBar CEO Lillian Ho shared.
Current centralized exchange platforms are profoundly restricted, limiting users transactions. For example, centralized exchanges do not allow the trade of Red Pulse tokens to Ethereum. This constraint forces users to go through multiple transactions, on multiple platforms, with multiple fees just to acquire the token they want. This problem is what TrustBar wants to resolve.
“TrustBar is built on multiple blockchains and systems that support the use of a decentralized exchange. Using a smart matching engine, the service enables the seamless cross-chain exchanges of currencies and tokens,” Ho explained, adding that the platform also saves the user from paying multiple transaction fees.
“TrustBar’s foundation is a fully decentralized ledger system that includes smart contracts and security protocols. The exchange acts as an integration agent that supports and integrates all blockchain wallets to the decentralized exchange.”
The new platform uses a dynamic pairing system allowing users the flexibility to choose any token combination from different blockchains. The smart engine will search and match the user with other orders, or a combination of orders, that will fulfill the request.
Enhancing the service further, TrustBar will implement a liquidity lake which will ensure that all combinations use a base price. The application will aggregate prices from several exchanges and make it available on the platform.
TrustBar also added security measures to the decentralized system for the users’ peace of mind. All movement of funds will require end-user cryptographic signatures to make sure it will be free from hacking.
“The user is also the custodian of their funds — assets cannot be withdrawn or traded without their signature. Also, even if the exchange is offline, funds can be withdrawn directly from the blockchain.”
The TrustBar token sale will start on Aug. 31 with only 108 million of the 180 million in total to be released via the ICO. The sale will be used for TrustBar operations and development, marketing, and partnerships. As an incentive to investors, qualified token holders (2,000 or more) will receive a monthly dividend from the profits generated by the platform.
To learn more about how you can take advantage of the current low crypto prices as one of the pre-sale conditions is a minimum contribution of 50 NEO. Given NEO price is currently $22 off its highs of over $100 makes it a great opportunity to get early and benefit, visit https://trustbar.io.
Contact Info:
Name: Natalie Greve
Email: Send Email
Organization: TrustBar
Website: https://trustbar.io
Release ID: 405223
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