CATEX- A user-centric transaction mining exchange platform

A domino effect of the ever increasing rise in number of cryptocurrencies over the past few years has been a corresponding increase in demand for cryptocurrency management services. At the top of that list is the cryptocurrency exchange services. This increased demand for exchange services has led crypto traders to demand a higher standard from platforms offering the said services. Due to the high standard of services and continuous innovation required of exchange platforms, those behind the scene have not rested on their laurels while they keep looking for new ways to draw in customers due to the stiff competition within the ecosystem.

A major factor that played towards writing this article is the concern of traders over the fees charged by the vast majority of these platforms. These fees tend to affect the less wealthy traders which constitute the vast majority of the ecosystem to a larger extent because a large percentage of what could be their profit gets ripped off in form of trading and withdrawal fees. We've seen a lot of exchange platforms claim to be user-centric, but the truth is that they are mostly concerned about the size of their pockets.

Due to this major problem highlighted in the previous paragraph, it would have been self-centered of me to have found a truly user-centric exchange platform which also offers to hand over the vast majority of the proceeds to users without bringing it to public knowledge.

Introducing CATEX
Catex is a mining transaction exchange platform which intends to offer users the opportunity to mine the “CATT" tokens (the currency that drives the ecosystem) with the goal of offering incentives and refunding transaction cost. The platform has been developed as a result of problems associated with cryptocurrency mining. These problems include;

The amount of power consumed for mining cryptocurrencies.
Increase in cost of mining.
Environmental impacts of the excessive power consumption.
These negative factors have led to the development of a new mining method which is termed “trading mining". This is a process through which mining is being done by cryptocurrency traders and investors while they trade any coin listed on the exchange platform. Catex will offer a 5% bonus on all mining processes to cryptocurrency traders so as to encourage more people to participate in mining.

Key features of Catex

Referral System: Catex exchange offers it's users a 10% referral bonus. This means that you can get as much as 10% of the trading fees charged from someone you referred.
Mining: This is definitely the feature I appreciate most on the Catex platform. You can mine CATT tokens by trading on the platform and you get the tokens at heavily discounted prices.
Dividend: 90% of the total revenue generated from trading fees will be distributed to holders of CATT tokens depending on the relative percentage of CATT in their possession.
Buyback: Catex exchange has a buyback account and burning of tokens will take place regularly all with the main goal of keeping the price of CATT tokens at an appreciable level.
Security: The team behind the Catex platform pay attention to details pertaining to security as 2FA codes have been put in place for login, trading and withdrawal. Once you clear your browser cache or switch to another browser, you will need to verify your login via email.
Voting: Catex offers it's users an opportunity to determine which coins are listed on the exchange on a weekly basis. Each user can vote once with 10 CATT.

Conclusion

Due to the financial implications and excessive energy consumption associated with mining of cryptocurrencies, the Catex exchange platform has come up with a way to take out those challenges while rewarding users in the process. It definitely won't be long before people start to take note of this project and jump on the bandwagon.
For further information, you can visit any of the links listed below;
Official Website: https://www.catex.io
Facebook: https://www.facebook.com/officialCat.ex
Telegram: https://t.me/catex_group
Twitter: https://twitter.com/catexofficial
Discord: https://discord.gg/7USsyjK

Authors Btt Url: https://bitcointalk.org/index.php?action=profile;u=103807