At coinolix together with our team we are developing the first multifunctional cryptocurrency exchange ecosystem by combining a robust exchange platform and a decentralized blockchain protocol in which digital tokens are pegged to One US Dollar and backed by asset reserve as gold by Coinolix Exchange Limited to provide a decentralized method of exchanging value through our Fiat pegged Coinamia coin.
A pure cryptocurrency exchange - Coinolix Exchange Limited.
In today’s market, there are two types of exchanges, fiat currency based exchange and pure cryptocurrency based exchange. we will only focus on pure cryptocurrency exchange.
A fiat pegged cryptocurrency solution - Coinamia Fiat Coin(USDC).
A peer-to-peer crypto-currency design derived from Proof-of-stake consensus to provide network security. Each USDC coin unit issued into circulation is backed in a one to one ratio (i.e. One USDC is one US dollar) by the corresponding asset reserve held in the bank by coinolix Limited. This cryptocurrency will be redeemable or exchangeable for the underlying asset reserve following to Coinolix Exchange Limited’s terms of service. it will be transferable and spendable, much the same as some other cryptocurrency.