Midas announces the listing of OneExBit (ONEX) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
What is ONEX and what does it offer?
OneX is a cryptocurrency project centered on the mission to simplify crypto trading for all investors. While the beginning of 2019 has been marked by a growth of the market, there are still problems in the industry that persist and are roadblocks to mainstream adoption. These problems include: centralization, low security, fees, and poor trading interfaces. These issues certainly do not need much explaining – especially with exchange hacks such as the recent Binance and Cryptopia hacks flooding the news.
OneX is building a thorough trading platform that will allow users a variety of income sources, including arbitrage, signals from professional traders, automatic trading, and masternode rewards.
The OneExBit trading platform has already been released, and has amassed over 500 users. This number is expected to continue to grow, as the number of bitcoin investors is increasing exponentially. The platform’s features give a number of advantages to traders who utilize it, since it is one portal which includes access to 8 exchanges. Traders using the platform are able to switch between exchanges quickly, vast technical analysis, limit and market orders, and more. Additional features are expected to be developed in the future. Though the platform does not directly solve the security problems associated with centralized exchanges, it increases investor security through spreading out funds over a number of platforms, thus decreasing risk of loss if one exchange is hacked.
Some exchanges experience what traders refer to as “flash-crashes,” which is a phenomenon that occurs when a large sell is placed on one exchange at the same time, causing a massive downward spike. See the image below, which depicts a “flash crash” that sent BTC down to 1k on the Kraken Exchange, back on April 25, 2019.
These “flash-crashes” are typically localized to one exchange, creating a great opportunity for arbitrage trading. Since the OneX platform allows users to switch between exchanges quickly, traders will be able to quickly take advantage of these opportunities.
Max Zorin – CEO
Mikhail Sakhnyuk – Lead DEV
Alexey Babich – Blockchain Engineer
Where can I purchase ONEX?
Can I get more information about ONEX?
Bitcoin Talk: https://bitcointalk.org/index.php?topic=5129693.new#new
Why have Midas offered ONEX to our community?
Midas have identified 2019 as the year of utility - projects can no longer exist solely by offering high masternode rewards to investors. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plausible application in real-world use cases in sectors that blockchain is poised to disrupt.
Do you want to become a Midas partner?
Midas is looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit midas.investments for information on our project, team and road map.