erctokenexchange-blog

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ERCToken.Exchange: First Centralized Ethereum Exchanges for ERC Tokens

Welcome to ERCToken.Exchange, we are a professional crypto asset exchange platform with global service which affiliates to Network Technology Limited in Japan.

Today, we created this platform not to tell you how much Ethereum will be able to achieve in the future, nor to tell you how many times our platform currency and other fictitious currencies will grow. It is about looking for projects that have technical background and future application scenarios in the field.

We are a team of people who love the blockchain, deeply participate in the development of the blockchain, and have common value ideas.

We are determined to create a crypto asset exchange platform that with professional technology, safety-ensured, also can create a blockchain consensus community as our own responsibility, to enhance users’ service experience and can spread the value of blockchain.

The development of human society comes from the technological transformation, the first is steam engine, the second is electric power, the third is Internet, and the blockchain technology is the fourth disruptive technological innovation.

We wish people around the world could participate in crypto asset investment thus can make crypto asset become future asset allocation.

We look forward to promoting the application of quality blockchain projects for implement and making a social contribution to the development of the blockchain industry.

We look forward to taking you not only through the bear and bull markets, but also to witness the future light of technology and science illuminating development of human society.

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How to Secure Your Digital Currency?-ERC Token.Exchange

With the value of digital currency on the rise, it’s more important than ever to take steps to help keep your digital currency safe. Please remember ERC Token.Exchange will never ask for your password, two-factor authentication code, or remote access to your computer.

Our top priority is the safety and security of customer funds. We work hard to proactively detect and prevent attempts to compromise customer accounts. It’s also important that customers take appropriate steps to minimize the risk of having their accounts compromised. Here are a few things you can do to protect your account:

 Create long, random and unique passwords for each account. Using a password manager such as 1Password or Last Pass can make this easy to manage.

Install two-factor authentication (2FA) for all of your accounts. We recommend Google Authenticator or another offline authenticator app such as Duo or 1Password. At a minimum, you should have two-factor authentication installed for all of your email accounts and your ERC Token. Exchange account. If you use Gmail as your email provider consider the Advanced Protection Program. You can read more about how to install two-factor authentication on your ERC Token. Exchange account here.

Ask your mobile provider to add additional protections to your account. For example, request a PIN for your account, a port freeze for your number, and and SIM lock for your device so attackers can’t transfer your phone number to a new carrier. If your carrier does not support these protections, consider changing to a carrier that does.

Be on the lookout for emails pretending to be from ERC Token. Exchange (known as “phishing attempts”). This is the most common way customers have their account compromised. We recommend bookmarking important websites and avoid clicking on hyperlinks or opening attachments in emails. ERC Token. Exchange will never ask for your password, 2FA code, or remote access to your computer.

Confirm you are using authentic ERC Token. Exchange support. Only contact ERC Token. Exchange through our verified email address and phone number — email support: support@erctoken.exchange Fake ERC Token. Exchange customer support numbers and pages are on the rise. Please be careful to verify any information you find on the internet, social media, and email.

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What is Ethereum (ETH)? – Erctoken.exchange

Ethereum is an open platform that enables developers to build and deploy centralized applications such as smart contracts and other complex legal and financial applications. You can think of Ethereum as a programmable Bitcoin where developers can use the underlying blockchain to create markets, shared ledgers, digital organizations, and other endless possibilities that need immutable data and agreements, all without the need for a middleman.

ETH Facts

·       Ethereum currently uses Proof of Work (PoW) algorithm but soon will be switching to new consensus algorithm under development, called Casper which is expected to be more efficient and require less mining subsidy.

·       Ethereum is an open-source, blockchain-based distributed computing platform featuring smart contracts functionality, click on link for Ethereum white paper. Ethereum Virtual Machine (EVM) is the runtime environment for executing smart contracts on Ethereum platform.

·        Many cryptocurrencies, Bitcoin included, have a limited to the maximum supply of coins. As time passes, fewer new coins will become available and, eventually, mining will end. Ethereum has no such limitation.

·        Banks and developers also choose to use Ethereum technology, primarily because the technology has been proven to be sufficiently flexible, resilient and secure. Using Ethereum, people can safely send, transfer and store a variety of data.

Advantages of Ethereum

·        Ethereum is not a self-locked system. It means other goods and services can grow together with ETH blockchain. It makes ETH grow continuously. More and more people start to invest in ETH.

·        ETH has a huge support from a business community. Medium sized companies and large corporations help to improve the work of the system. Ethereum Enterprise Alliance and Hyperledger monitor the development of the project continuously.

·        Much like Bitcoin and Bitcoin Cash, Ethereum has also gone through its internal disagreements. Ethereum Classic (ETC) is perhaps one of the popular alternatives to Ethereum. It is the result of a hard fork which split the network in two.

·       Ethereum created a platform for the complex contracts to run on the network by allowing for a Turing complete language on the blockchain. There will be no third parties interference in many cases. This makes Ethereum more special and powerful than a lot of other blockchains.

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Stable Coins –ERC Token Exchange

As a digital asset, ERC Token Exchange can move instantaneously anywhere in the world. Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and centralized accounting. Since it is fully collateralized by dollars, ERC Token Exchange Standard offers a liquid, digital alternative to cash that is available 24/7 for instantaneous transaction settlement and is fully redeemable. As a Trust company, ERC Token Exchange is a fiduciary and qualified custodian of customer funds, and can therefore offer greater protections for customer assets than any other existing stablecoin. Dollar deposits are always held in segregated accounts at multiple FDIC-insured U.S.-domiciled banks.

Verified ERC Token Exchange customers can purchase and redeem tokens directly through erctoken.exchange. When ERC Token Exchange is in circulation, the corresponding dollars are held in reserve. Upon redemption for dollars, ERC Tokens are immediately destroyed. Tokens are only in circulation when the corresponding dollars are in custody.

Investors who trade digital assets through the ERC Token Exchange have the option to withdraw digital assets to ERC Token Exchange instantaneously. ERC Token Exchange is available to be listed on other venues and will trade under the ticker symbol (ETH)

 ERC Token Exchange has been designed as an Ethereum token written according to the ERC-20 protocol, so that anyone with an Ethereum wallet will be able to send and receive ERC Token Exchange. The smart contract has been audited by smart contract auditor Nomic Labs and account balances will be audited by top U.S. auditors.

ERC Token Exchange has long been a partner to institutional investors, focused on financial compliance since its genesis as the first NYDFS-approved Trust company to offer trading and custody services for digital assets through its exchange, ERC Token Exchange, one of the leading crypto asset exchanges.

"In the current marketplace, the biggest hindrances to digital asset adoption are trust and volatility. As a regulated Trust with a 1:1 dollar-collateralized stablecoin, we believe we are offering an asset that improves on the utility of money," added Cascarilla.

 ERC Token Exchange today has also published a white paper explaining product construction and design decisions for ERC Token Exchange. To download the paper and read more about ERC Token Exchange, please visit https://erctoken.exchange/#/.

 For additional information and to buy ETH, go to https://erctoken.exchange/#/. For business development opportunities,support@erctoken.exchange

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[erctokenexchange-blog]

Centralized Digit Asset Exchanges and Advantages

A digital asset exchange or cryptocurrency exchange is a trading platform where you can deposit, withdraw and trade fiat currency (e.g. USD, EUR, AUS) and cryptocurrency coins or tokens for one-another. In essence there are two types of digital asset exchanges; they are either centralized (CEX) or decentralized (DEX).

What is Centralized Exchanges?

A centralized exchange is a professional entity that provides users with a trading platform, while monitoring trades, checking the order books and making sure they are compliant with local regulations. Dealing with a centralized exchange you will have interactions with a third party, the company running the exchange.

 Advantages to centralized exchanges:

When analyzing the trading volume on digital asset exchanges, you immediately notice the absence of decentralized exchanges on the list of highest ranking exchanges. Without good liquidity an exchange cannot function properly as the discrepancy between buys and sells needs to be limited. Centralized exchanges tend to have a better liquidity rate, making top rated exchanges ideal platforms to execute high-quantity trades.

Because of the extensive development resources after the initial funding and the high daily earnings, centralized exchanges have the capital to develop and update their trading platform to adapt to their customer’s needs, making it easier to use.

In light of recent regulatory upgrades, centralized exchanges have to adapt to government regulations. Most centralized exchanges have recently updated their terms and the majority that hasn’t, is already implementing know-your-customer (KYC) and anti-money-laundering (AML) user requirements.

Centralized exchange trades can usually be executed in a fraction of a second, because of the internal optimized trading system. Margin trading and stop-loss functions can be added in contrary to decentralized exchanges that cannot implement these trading features at the moment.

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Why Ethereum is Looking Fundamentally Strong?-ERC Token Exchange

1. Web 3.0:

If ETH can scale to the level it aims to and can create a robust, dApp-driven platform, it would be world-changing (and the price would more than likely reflect that). Even if ETH only manages to provide a decentralized backbone to just a handful of successful and widely adopted blockchain projects, the price could still soar.

2. Dapp Store:

The analogy isn’t perfect, but if Ethereum becomes a dApp store and ETH is the fuel/toll for operating on the Ethereum blockchain, you could be looking at the next edition of the Apple/Android App Stores. ETH holders and stakers will have effective shares of that dApp store on their hands—benefiting from both platform usage (scarcity/security etc.) and the resulting price action and from staking, whether individually or in a pool. This alone could drive a market cap into close-to a trillion dollars.

3. Widespread Adoption:

If Ethereum becomes the go-to blockchain for individual and enterprise solutions (and it is easily the best situated to do that from today’s perspective), the demand and value of ETH will be directly correlated. And, as we know from the last 10 years of the evolution of the internet (see: social media), networks have a geometric effect on value as they spread. Here are the scenarios:

ü Get thousands of people using applications on the Ethereum blockchain routinely—price is great.

ü Get a million people using applications on the Ethereum blockchain routinely—price is huge.

ü Get a billion+ people using applications on the Ethereum blockchain routinely—price is unimaginable.

4. Unforeseeable Usage

When the internet was first achieved mainstream adoption, no one quite knew what to make of it. The idea of an internet-based marketplace was almost farcical; who would want to buy something without seeing/smelling/touching / trying it first? The same went with banking, purchasing, storing knowledge bases, etc. We know how that went. What will other use cases blockchain enable? Can we even fathom them right now? Could you have envisioned a fleet of driverless vehicles summoned on your smartphone just a decade ago? How about five years ago? Technology is wild. Ethereum and blockchain are on the bleeding edge and are just building up momentum.

[erctokenexchange-blog]

Centralized Ethereum Exchange for ERC Tokens

Since cryptocurrencies emerged over a decade ago, the industry has observed and anticipated how this new segment in the financial industry would unfold, bringing with it blockchain technology and a new way of conducting transactions. Moving on to the present day, cryptocurrencies are not only a fixture in today’s society, they are an important part of the financial industry, having made their mark in the world of trading.

In parallel with these developments, there is clear evidence of the massive growth in the cryptocurrency exchange business. And with some of the top cryptocurrency exchanges reporting millions of dollars in revenue, many have sought to capitalise on this trend.

Setting Up A Cryptocurrency Exchange

It begins with the selection of an appropriate jurisdiction and setting up company structure with a corporate bank account for business transactions. Then, developments must begin to create a cryptocurrency exchange platform, including the components of a trading platform, matching engine, wallet, etc. 

Other steps involve documenting compliance procedures such as Know Your Customer (KYC) and Anti-Money Laundering (AML) are accomplished by hiring specialised staff. Setting up a cryptocurrency payment system and opening a bank account in order to receive client funds and convert fiat to crypto and vice versa are other aspects that need to be addressed.

Setting up a cryptocurrency exchange from scratch requires at least $500,000 in capital – this figure is for a turnkey solution. Carrying out this task independently is a different ball-game, which can set a company back into millions of dollars, as well as potentially bringing several hurdles along the way, such as the amount of time involved. 

With this sizeable price difference in mind, it’s not surprising that many companies looking to start their own cryptocurrency exchanges have opted for a turnkey solution. These kinds of solutions are available from a few blockchain technology providers who possess the technical expertise and know-how to create a cryptocurrency exchange platform at a greatly reduced time while incurring lower costs.

Advantages of Cryptocurrency Exchange

No concentration     of power. They are completely run by people.

Low or no fees

No central point     of authority with centralized exchanges means no government interference

Centralized     exchanges have more privacy

Disadvantages of Cryptocurrency Exchange

Longer trade times

Lower liquidity     (depending on the exchange)

[erctokenexchange-blog]

The App Store of Ethereum is powered by Tokens-ERC Token Exchange

Blockchain assets can represent the authenticity and ownership of anything, including securities like stocks and real estate. While this is incredibly compelling, there’s something new in assets that lend holders a license, a right to participate, or a way to consume value on a Centralized network.

In the last year, development teams around the world have launched new networks for everything from managing advertising domains to facilitating bounties, all based on the utility of their respective consumer tokens. Often these tokens are only available for purchase on “exchanges” with investment-like features such as order books and price charts. Many of these are centralized and custodial, leaving them vulnerable to insider abuse and manipulation, and increasingly widespread hacks, loss, and theft.

An App Store for Ethereum

In the past, a friendly and safe model emerged when the consumer web moved to mobile: the Apple App Store offered an integrated shopping experience and in-app purchases.

An exciting piece of the Erc Token Exchange marketplace launch was the introduction of an embeddable, responsive widget that provides centralized trading functionality to any web application on any Ethereum-enabled browser, desktop, or mobile. Today, we are re-introducing this as “in-app trading” and will soon be rolling out a new destination at https://erctoken.exchange/#/ that suits the needs of both consumer token networks and their communities.

The power of Centralized trade

ERC Token Exchange is not just a marketplace, but a secure consumer token trading network that can only exist with a truly decentralized peer-to-peer protocol. When you buy and sell on ERC Token Exchange, you’re doing so with others around the world, wallet-to-wallet, between a buyer, a seller, and a smart contract. No friction, no custody, no fees.

Peer-to-peer embraces the power of blockchain — and is the only trading experience that suits the consumer token phenomenon. Erc Token Exchange aims to become the App Store of Ethereum, powered by tokens.

[erctokenexchange-blog]

ERC Token Exchange Introducing our Improved Support Page

ERC Token Exchange is proud to announce the launch of our upgraded support page which coincides with our desire for faster, better and more effective customer support. The site will help users with an optimized support guide, new helpful articles, improved ticket submission process, and fresh design. To quickly find more useful information browse the categories listed below:

NEW USERS - Are you new here and in need of help? We got you covered.

LOGIN AND SECURITY - We take security very seriously and so should everybody.

YOUR ACCOUNT - Knowing your account inside and out will help you navigate your wallet.

BANK TRANSACTION - Become skilled in bank transactions and avoid any delays.

CRYPTO TRANSACTION - You think it’s complicated? Not with the help of these articles.

GENERAL - Now that you know how things work, you should learn more about erc token exchange

 Going forward, we will continue to communicate regularly through our support guide and blog to provide new articles and notifications. We’re really proud of our renovated support page and feel it will create the experience users are looking for when they are searching for help.

If you have any queries contact mail-> support@erctoken.exchange

[erctokenexchange-blog]

KYC and AML in the crypto industry: a leap forward, or a step behind?

Know Your Customer (KYC) and Anti-Money Laundering (AML) policies have made the financial system what it is today, yet many are unaware that they even exist. You may be asking yourself, what is KYC? Or what is AML compliance? The reason these policies are not widely known is likely due to the fact that they were instituted so long ago.

In 1970, Congress passed the Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act (BSA), the first step toward modern-day Know Your Customer and Anti-Money Laundering policies. It requires banks and other institutions to collect and keep records of their customers’ identities and addresses, in order to prevent money laundering, and to easily identify customers who may be participating in illegal activities.

Due to the BSA, financial institutions are required to have at the minimum a customer’s name, date of birth, residential or business address, and their identification number. The United States government requires financial institutions to collect and store this information; despite the security measures they have in place to protect it. This information generally isn’t stored in an encrypted way, leaving it exposed for any hacker who happens to break through an institution’s security.

Can KYC and AML reinvigorate the cryptocurrency market?

A significant reason cryptocurrencies have not been adopted on a wide scale is related to the number of scams and fraud that have run rampant in the industry since its inception in 2008. Many cryptocurrency organizations have begun adopting KYC and AML policies in an attempt to curb cryptocurrency use in illegal activities. However, cryptos like Monero, which were originally developed with anonymity in mind, make instituting KYC/AML much more difficult.

In these cases, self-regulation is the solution some exchanges are going for. For instance, in June 2018 Japanese crypto exchange Coincheck removed the option to use Monero, Zcash, Dash, and Augur’s Reputation in order to adhere to Japan’s Financial Services Agency policy concerning cryptocurrencies that provide complete anonymity.

Self-regulation is becoming the new norm in the crypto industry, as it is much easier to find solutions within the cryptocurrency community rather than relying on global regulations, which tend to lag behind the newest developments in cryptocurrency. KYC/AML instituted through self-regulation in the cryptocurrency community may increase security and therefore attract more investors in the process.

 Attract investors? Or increase innovation?

KYC/AML at the moment acts as a double-edged sword. Their implementation has the ability to attract investors who are sceptical of the security in the crypto industry. However, they also can limit innovation altogether by restricting licensing to companies which cannot afford the cost of KYC/AML upkeep.

There are aspects of KYC/AML that are severely flawed, but ultimately the real flaw lies in security. It isn’t the necessity of collecting customer information that is flawed, but the systems that are in place to keep that information safe.

[erctokenexchange-blog]

ERC Token Exchange Launches Funding Centralized Autonomous Organization (CAO)

Today we reach an important milestone in our path to centralized governance of ERC Token Exchange We have collaborated with centralization protocol experts CAOstack to create an experimental funding centralized Autonomous Organization (CAO).

 Using the Alchemy interface and governance protocol, the ERC Token Exchange has been allocated a trial budget and initially tasked with making meritocratic funding decisions for ERC Token Exchange Trustless and Nectar initiatives.

 The 21 founding members of ERC Token Exchange (CAO) are made up of three equally sized groups that reflect the existing ERC Token Exchange ecosystem: the largest nectar holders, active community volunteers, and existing ERC Token Exchange personnel. The members of ERC Token Exchange can submit and vote for proposals on how the allocated ERC Token Exchange funds should be spent, earning reputation in the process and boosting subsequent voting power.

 Whilst the initial cohort is members only, anyone can submit a proposal to ERC Token Exchange (CAO), and if accepted, earn reputation and a place in the CAO.

 ERC Token Exchange (CAO is an ideal, real-world, testing ground for bigger plans in our centralized journey, and we’re excited to watch it unfold. Head to ERC Token Exchange (CAO) to be a part of our experiment and evolution in the near future.

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Features of ERC Token Exchange

Features of ERC Token Exchange

What is ERC Token Exchange?

ERC Token Exchange is the home of digital tokens trading & discussion, acting as a hybrid platform for institutions, developers and enthusiasts to trade and crowdsource information from across the Ethereum ecosystem.

ERC Token Exchange offers you quick and direct access to high-quality ERC20 crowdsales whilst providing an information and discussion platform for you to optimize your trading experience.

It capitalises on ERC Token Exchange's trading engine and customer experience expertise to deliver the most highly liquid and advanced trading platform available for ERC20 tokens and crowdsales.

API’s will be in the same format for ERC Token Exchange, allowing you to use your already established API keys on both accounts.

Features

1. Exchange Trading

Trade ERC20 compatible tokens with options for exchange and financed trading, as well as access to a peer-to-peer financing market. Also make use of a non-custodial, centralised trading portal, with settlement via the Ethereum blockchain.

 2. Information & Analysis

Collaborate, review and discuss upcoming crowdsales and traded tokens. Whether you seek whitepaper reviews, sentiment analysis, developer guides or FAQs, ERC token exchange makes available all the information you need to optimise your trading experience.

 3. Token Sales

Identify, track and discuss upcoming token sales. View the latest discussions and directly contribute to your favourite projects.