Eureka launches innovative cryptocurrency exchange EurekaX with high liquidity options
EurekaX is the new cryptocurrency platform from Eureka Network. The company has announced the upgraded version of the exchange which addresses the liquidity issue of the cryptocurrency ecosystem. As a promotional offer, users who sign up in the platform before 21st august 2019 will get 300 EurekaCoin (ERK).
EurekaX has achieved high liquidity by linking its order book with that of OKEx. All the tokens built on the Eureka Network gets liquidity guarantee from EurekaX. This is a great move for encouraging newbies who are hesitant to enter into cryptocurrency trading due to liquidity issues.
The new exchange will be open for trading on 21st August 2019. There is a special offer of 300 ERK for users who sign up before this date. The native coin of Eureka Network is EurekaCoin (ERK) which is a Proof of stake (PoS) blockchain. The network’s ERC22 and ERC20 are used for building the projects. Once the project is deployed successfully, the company plans to integrate all its tokens built on the Eureka network on the new exchange.
The difference between the Eureka network and Ethereum is that it has technology from both Bitcoin and Ethereum. Hence it is cheaper to deploy the system at large scale. Eureka network has the advantage of open source development. It also allows third parties to build their own PoS network. Compared to Ethereum network in which transaction fees go to the miners, Eureka network gets the reward for mining thus helping the funding of the project.
Also there is a plan to launch EurekaDex, a decentralized exchange that will be launched in Q4 2019. 50% of the profits made are used for buyback and burn ERK. This can increase the value of ERK, since its supply is limited.
Eurekacoin is a decentralized project based on UTXO model of Bitcoin. It also has the support for smart contracts based on Ethereum Virtual Machine. The platform is secured with proof of stake consensus model. The benefits of the platform are achieved using a revolutionary Account abstraction layer that allows the Bitcoin-like UTXO blockchain of Eurekacoin to communicate with EVM.
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