ETHERSHIFT - ICO REVIEW

Ethershift - Service  Quickly and Simply Exchanges ERC20 Tokens

Review

The use of BLOCKCHAIN technology during this era has been the simplest innovation. Blockchain technology has been adopted in some areas and sectors like FINANCE, health, agriculture and education. the employment of blockchain technology within the CENTRALIZED exchange platform has recorded some lapses associated issues related to it over the years that this has created ETHERSHIFT to launch and introduced an exchange platform that may eradicate and rectify all drawback related to the centralized exchange platform.

The global adoption of crypto-currency has recorded some set back as a results of lack of excellent localized exchange platform wherever folks will simply convert their crypto-currency. As I actually have mentioned higher than, before the adoption of crypto-currency globally there have to be compelled to be associate exchange platform freed from all variety of irregularities and difficulties, that this has prompt ETHERSHIFT to launched a brand new localized exchange.

Some of the problems facing centralized exchanges includes: HIGH dealings FEES, DELAYED AND SLOW process, LACK OF TRANSPARENCY, LACK OF SECURITY, unhealthy computer program.

Have you ever unreal commerce on associate exchange platform with very little or no commerce fees charged, have you ever ever imagine commerce on associate exchange with smart security system freed from hacks, have you ever ever unreal commerce on associate exchange with quick dealings and process. ETHERSHIFT is that the answers to all or any these queries

Before the launching of ETHERSHIFT crypto-currency exchange, traders sometimes have difficulties with all the previous crypto-exchange as a results of hack and insecurities, traders typically lose cash on some centralized exchange.

Another issue traders typically face is delay and slow dealings confirmation and process. This drawback may be a major issue in commerce house as a result of traders don’t extremely have the time to attend for while before their withdrawal or deposit got absolutely confirmed as results of high volatility. With ETHERSHIFT platform, traders don’t need to worry regarding the safety of their tokens and withdrawals.

Another drawback poignant centralized exchange platform remains to be lack of transparency and high commerce fees. These issues are another major drawback in crypto-currency commerce during which ETHERSHIFT platform has known these issues and prepared to bring lasting solutions to that. Most of the centralized platform continuously charges high dealings fees that this has reminiscent of trader’s profit. This merely implies that the exchange platform remove traders profit bushed the name of commerce and dealings fees that traders aren't continuously happy regarding this issue.

Listing on crypto-exchange has been another drawback for many of the erc20 comes as a results of high listing fees charged by centralized exchange platform that this is often sometimes unaffordable for project developers. except for this issue of listing fees, centralized exchange do take over stipulated time to list erc20 on associate exchange bushed the name of review of the comes and confirmation of its legibility.

With ETHERSHIFT localized exchange, project developers and traders don’t need to worry regarding the high listing fees and delayed in listing of their comes once more. Decentralization merely means that full automation of the platform with the employment of BLOCKCHAIN technology that this has been a welcome development.

How Ethershift works

To exchange tokens, users send price to a special address (which indicates the sort of token they'd wish to receive back) and therefore the changed price are sent back to them at the address they sent the first tokens from. This user expertise is enforced by fulfilling the exchange victimization hot wallets, and so later mirroring the trade (at a hopefully equivalent rate) on associate exchange, and sporadically re-balancing the exchange/hot wallets.

Ethershift takes a cut of profit (half of it within the variety of the input token, half it within the variety of the output token) to account for the danger of the rate dynamical. Third-parties ar able to integrate Ethershift into their own systems and receive a five hundredth cut of the profit via the Ethershift API.

The back-end service is associate application written in Node JS, running on Amazon EC2. To access the Ethereum network, a full node is put in on the server, and therefore the back-end service communicates with it through its JSONRPC API. The service uses associate SQL info to stay track of profits.

Ethershift Token

The Ethershift token is associate ERC20 token that represents five hundredth of the gross fees collected by Ethershift. every dealings that's created on any of the Ethershift merchandise yields a five-hitter fee. The system mechanically calculates the gross fee Ethershift collected once gas, and splits it into two wallets. One case is employed for in operation prices, salaries, legal, etc, and therefore the alternative case is employed to shop for back Ethershift tokens.
 

More Information

Website : https://ico.ethershift.co/
Announcement Thread : https://bitcointalk.org/index.php?topic=4965937.0
Whitepaper:https://ico.ethershift.co/wp-content/themes/ethershift-ico/downloads/ethershift_whitepaper.pdf
Telegram : https://t.me/ethershiftco

Author

Bitcointalk Username : maniabireta

Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2128871

ETH Address :0x0a897Df7C706b134E19c7ea2D835FF765842B395

 

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