Skeincoin Will Be Listed on TCX Hub!
The Skeincoin team is proud to announce our most recent exchange listing on Total Crypto Exchange (TCX) Hub!
On September 15th, 2018, the launch date of this new exchange, Skeincoin will be available for trade against not just Bitcoin, but ANY coin on the exchange. Oh yes. You heard correctly. Any coin on the exchange.
So, what exactly do they mean by custom trading? From all of the coins listed the user can pick two coins in which they would like a trading pair. In order to create this trading pair a small fee is paid in TCX Hub’s own currency (1 TCXB); the value of TCXB will be set to $0.35 on opening day. This trading pair will then remain open permanently so long as at least one active trade is fulfilled every 29 days.
Whilst the exchange will launch on September 15th new features will gradually be implemented in 3 separate phases as outlined in their whitepaper. From the get-go in September, BTC, ETH, WAVES and TCXB will be available to trade versus any token on the exchange by default. DASH will also be tradable versus BTC and ETH. Custom trade will also be available from launch and will function as previously described. In stage 2, planned for November 2018, more coins and tokens will be added along with more standard (permanent) trading pairs. Fiat trading pair options will also be tested at this time. In phase 3 projected for December 2018, any token will also be tradable versus any accepted fiat currency too. Planned fiat currencies include USD, YEN and EURO, yet more may be announced. Despite this December target, the team have made it clear that due to faster than anticipated progress, the fiat currencies USD and EURO will be available from the launch date!
TCX Hub is the first exchange of its kind to offer custom trading pairs. Now, it’s probably not necessary for me to explain the countless benefits of this revolutionary idea, but I will quickly highlight some of our favourites.
1.Less trades are required which means less fees are taken
2.More time is saved
3.Bitcoin is less fundamental than it is right now, i.e. you can choose your ‘base’ currency
4.Very low valued coins can have more suitable trading pairs instead of bitcoin
What’s more is that TCX Hub aims to be the most reasonable and rational cryptocurrency exchange in existence with fair listing fees for coins/token to minimal trading fees (0.05-0.2%) and withdrawal fees for users too.
On many traditional exchanges, listing fees have become completely ridiculous with some small-medium sized exchanges requesting in excess of 5BTC for a coin listing. At TCX Hub, listing fees for new coins and tokens will never become excessive, as they do not exist to provide a profit to the exchange. Instead they exist in order to prevent an excess of worthless scam coins infiltrating the exchange. In essence, this relatively small listing fee is to provide a deterrent to such projects to ensure the exchange is as refined as possible whilst also providing a safe trading environment for its users.
In terms of being user friendly across the globe, TCX Hub is accessible to all. The $5 equivalent minimum deposit to the exchange either matches or completely undercuts what some of the larger exchanges currently offer. This means anyone can trade in cryptocurrency and not just a select few wealthy investors. This will allow more people to dip their toes into cryptocurrency investment without having to go all-in immediately. Again, this is another feature of the exchange which will hopefully improve the adoption of cryptocurrency worldwide.
It is also important to note that by January 2019, both native Android and iOS apps are also planned for release.
In addition to all of the other positive aspects of the exchange, TCX Hub is not launching an ICO for their custom TCXB token, which is used solely on the exchange. Furthermore, only a modest 0.6% of the supply is allocated to the founders which again should reinforce the quality and legitimacy of the project.
The TCX Hub team are very active on social media and are currently running a successful marketing campaign. One of our favourite events they are running is the Crypto Food Challenge. Never before have we encountered such a thing in crypto, but it has certainly caught our attention! This challenge involves any cryptocurrency team member challenging David Reeves, TCX Hub’s CEO, to an eating challenge. If a challenger is able to win the challenge, TCX Hub will grant the winning project $10000 marketing budget. The first event is set to take place in Daytona on September 3rd this year with Curtis Wood from Bee App Token challenging the TCX Hub CEO to a chicken wing challenge. Skeincoin may be planning a challenge also in 2019. More cannot be said yet at this point, although watch this space!
Everyone at Skeincoin is delighted to be listing on this new and upcoming and fun exchange. In our opinion, there is not a cryptocurrency exchange currently in existence with as much functionality or promise as TCX Hub. Whilst they have much ground to catch up on exchanges such as Binance, they appear to be making all of the required steps to eventually do so. When all features are fully implemented, you can say goodbye to your multiple other exchange accounts since there will be no reason to go anywhere else to trade!
Twitter (TCX Hub): https://twitter.com/TCXhub
Twitter (Crypto Food Challenge): https://twitter.com/FoodCrypto
See the list of coins already accepted for launch day: https://tcxhub.com/approvedforlisting.html