FolleX is an exchange platform focusing on integrating user’s social profiles inside the public trading community and aims to become the world’s largest cryptocurrency exchange. The platform allows users to follow successful traders and copy their trading tactics; the traders are in turn rewarded for being outstanding in the trading platform.
FolleX interface is designed to be user-friendly, simple and focuses on facilitating first-time traders. The main focus is to raise a knowledge sharing community operating in a simple and secure environment. FolleX has an addition of 24 languages and 30+ fiat currencies and in turn, provides global access to all the traders on its platform.
The integration of critical features makes FolleX one of the first cryptocurrency exchanges of its kind in the crypto-exchange space. Users are offered a range of crucial information and trading tools which will assist them to trade effectively and efficiently at the right time in the market. The platform even allows successful and verified ICO to enlist their coin/ token on an exchange at no cost.
The platform offers rich features on its trading platform which has never been offered before by any crypto exchange platform. Users are allowed to make their trading decisions by watching or copying other successful traders on the platform. FolleX opens the door for users to views community members’:
- Social Profile
- Number of days they’ve traded on the platform
- Trading portfolio data
- Trade success rate, average daily profit/ loss
- Open, pending and closed orders
- Community position rating
- Analysed trader risk rating
FolleXTM will be offering its own ICO, Social Exchange Token [SET] on its platform and the token will be listed on the cryptocurrency exchange, Ether Delta. The token is powered by ERC20 which allows token holders to trade the token within the platform. The token is also used to reward top performing traders on the FolleX platform who make transactions through the SET token. Users can even waive off the trading fee in exchange for a SET token.
“A $10,000 trade at a commission of 0.3% would cost $30, or 1 SET token relinquished by the holder. A minimum trading fee of $5 effectively gives the token a minimum value of $5 within the FolleX exchange platform.”
The SET token ICO pre-scale will effectively commence on 23rd March at 12:00 UTC and is allocated only for FolleX pre-registered subscribers. The main sale will start on 25th March and all the participants can buy the token over three rounds.
Once the user finishes the “Know Your Customer” and “Anti Money Laundering” process through banking platform provider Crypto Capital; they will be allowed to trade with partnering exchanges without a need for re-verification.
In order to maintain a trusted and efficient trading platform, FolleX provides 24*7 customer and telephone support, live chat and knowledge base videos. In addition, FolleX has 24*7 exchange security monitoring team, certified police cleared staff and cold storage of digital assets to protect the platform from hackers and internal security threats.
FolleX, in partnership with ADCN and Leverate, is all set to change the way a trader uses an exchange platform and turn in more engagement in the trading platform.
When asked, How big of an impact would the partnership with Leverate and ADCN is going to make on FolleX, the team says,
“The Leverate and ADCN partnership are a crucial one. Leverate is at the top of their game in the world in the development of Forex trading platforms and have been well awarded. Their development of social trading technology is advancing daily.”
They further add:
“Australian based ADCN provides direction to Leverate in the development of the unique FolleX platform features. ADCN will manage the global exchange in Australia giving it transparency and accountability under the scrutiny of government regulators. We believe accountability will become a crucial requirement of exchanges within the future.”
On a broader perspective, the FolleX team says,
“Those that understand digital currencies know that they are here to stay. Interest builds daily from the general public in how to take the first step to trading. FolleX, without doubt, will be the most inviting starting point for these people. From there we will ensure to build their trust as they develop their skills in our global community of traders. Our goal is to build a trusted brand that will always be at the forefront of the social cryptocurrency exchange industry.”
Another important Question asked by the AMBCrypto team: How do you think FolleX is going to make a difference to the blockchain and cryptocurrency world?
“Just as Facebook lead the way in the development of online social interaction. FolleX is positioned to lead the way in social cryptocurrency trading.
FolleX has three key platform functions;
* Providing an inviting trading platform for nervous first timers in a knowledge sharing community of traders. No trading skills required.
* A unique rewards system that allows for FolleX SET tokens to be used to wave trading fees. The spent SET tokens are allocated to top performing traders.
* Listing of successful ICO’s tokens for trading. Along with popular cryptocurrencies, FolleX will also list the ERC20 tokens of completed ICO’s that meet requirements.”
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