CGCX - The First Insured Hybrid Exchange Platform

The Calfin Global Crypto Exchange (or CGCX) is a state of the art, hybrid exchange platform that allows much more than just cryptocurrency trading. ­­CGCX provides exchange functions to users of all experience levels, ranging from simple, easy to use buy/sell functions, to advanced functions for expert traders and institutions.

At its core, CGCX offers a user-friendly interface for traders and investors of all levels, whilst allowing you to trade both crypto pairs, and fiat-crypto pairs. Seeking to address a major area lacking with other exchanges, CGEX intends to offer its users 24/7 customer support, as well as solutions for existing businesses to help them migrate over to the cryptosphere, to incorporate smart contracts and cryptocurrency into their framework.

One of the major features CGCX offers over its competition is insurance against hacks and theft, by insuring each of its wallets against this now prevalent issue in the world of cryptocurrency trading. It seems like almost every week there is a new news story about a hack, where millions of dollars are compromised, this might just become a thing of the past with CGCX.

Main Benefits          

As a crypto-fiat trading platform, CGCX offers several standard features you would expect from an exchange, but also some other more intriguing features that set it apart from other projects:

• The CGCX token – The CGCX token will be freely tradeable throughout the Ethereum ecosystem, rather than just on the CGCX platform itself as are some other exchange coins. The token has a number of utilities, it can first be used for pair-wise trading, and in smart contract applications, but can also be used to vote in altcoin listing, and CGCX holders receive a discount on their platform fees. The voting system ensures that only projects that have significant support or trust will enter the exchange, rather than being able to simply buy their way in like many scam projects do.

• CGCX wallet – All wallets on the CGCX are insured against cyber attacks, this is a first of its kind feature not present at any other exchange. Besides this, the platform will be placing great emphasis on security, to assure that these attacks pose little thread at all.

• Smart contracts – Unlike most exchanges, the CGCX ecosystem allows the creation of smart contracts, such as for trade agreements, letting certain trades activate under more deliberate conditions for any tradeable asset on the platform.

Token Sale

CGCX is an ERC-20 token based on the Ethereum blockchain. They are currently in the final phase of their token sale, finishing on June 30^th, 2018. They have currently achieved their soft cap of USD 5 million, and will be offering tokens at a rate of 1 ETH = 8,500 CGCX.

Our Thoughts

Whilst the crypto-sphere is relatively saturated with exchanges, and despite the increasing competition from decentralized exchange systems, very few exchanges currently offer direct fiat to crypto conversion as part of their trade pairs. This, combined with significant risk mitigation for users by use of their wallet insurance system definitely sets CGCX apart from their competitors.

The project has been very well received throughout the crypto community, and has been featured on Forbes, CNBC and CCN (source)

The project has an extensive team behind it, ranging from proven veterans of corporate finance and fund management, product development and business development, to several blockchain specialists on board. The project has an attractive incentivization model by offering a 50% discount in the first year when paying with CGCX tokens, and has been very well received by the community, including a rating of 5/5 on TrackICO.

Because of the strength of the project, and the obvious support behind it, we rate this project an 8.6/10. If the team manage to pull it off, they’ll have a huge market at the ready.

If you found this interesting, you can find out more below;

Website: https://www.cgcx.io/
Whitepaper: https://www.cgcx.io/wp-content/uploads/2018/04/23-april-2018-CGCX-Lightpaper-new.pdf

About me;

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