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BEIJING, 6 December 2018 / PRNewswire / – The development of blockchain technology has attracted much attention in 2018, an explosive but turbulent year for the blockchain industry. With its ongoing development, technology has played an important role in finance, healthcare, document notarization, communications, e-commerce, commerce and social networking over the past decade, thanks to its incomparable advantages, including decentralization, openness, transparency, security, reliability and greater commercial efficiency. A variety of blockchain-based digital asset exchanges have quickly entered the market. However, most of these are exchanges of fixed models, lacking, for the most part, of what is really necessary. That situation is about to change.
The Blockchain SDX-based digital resource exchange will hold its launch ceremony at China over it December 15, 2018 and start trading January 2019. SDX has entered into partnerships and obtained financial licenses from governments and supervisory authorities mauritius, grenada, the free trade zone of Antigua and Barbuda Caribbean and the Commonwealth of Antigua and Barbuda. The number of participating countries is on track to grow up to 16 within the next year. The Asia Pacific Holding Foundation, the issuer of the Asia Pacific Holding token of exchange (APH), will be legally protected in the free trade zones of these countries, where APH will become their legal currency and l & # 39; # 39; digital activity to be used for settlement of payments, the conduct of exchanges and what will be put into circulation in the near future.
APH is a digital resource based on the Ethereum ERC2.0 technology and will be mapped to the backbone of the network within a year. APH uses a decentralized and consensus-driven approach to build a reliable business network for users, merchants and consumers. The Asia Pacific Holding Foundation was founded on the basis of APH to promote applications in the tourism, real estate, pension investments, production and distribution of films, agriculture, artificial intelligence, health, technological innovation and e-commerce, among other industries, such as basis for an APH ecosystem, with the goal of creating a robust exchange of blockchains with a wide range of practical and real applications.
The emergence of SDX has solved many problems facing blockchain exchanges today.
According to Coinmarketcap statistics, digital asset exchanges have been growing since the beginning of 2017. Total market capitalization of blockchain assets worldwide now exceeds US $ 700 billionwith a higher daily turnover US $ 60 billion, of which the percentage of Bitcoin transactions fell from 90% to 33%. Compared to the global foreign exchange market with a daily turnover of over $ 5 trillion, the blockchain asset market still has a lot of room for development. According to the information available, there are about 20 million blockchain property owners worldwide, demonstrating that the user base also has tremendous growth potential over more than 1 billion individuals or entities that own shares.
However, the rapid development of blockchain trade causes many problems. The sector lacks a complete service platform. Digital resources have broad application scenarios and can be used in a wide range of industries. In the current digital resources market, there is no truly complete digital asset-wealth platform, which has hindered the ability to create the liquidity necessary for a sustainable development path. There are now more than 1,614 types of digital resources. Given the enormous potential of the market, there are only a handful of platforms that are able to implement digital assets in more than a handful of scenarios. It is urgently necessary a complete platform of applications for digital resources to obtain the necessary liquidity and open the sector to the vast potential that certainly exists in terms of application scenarios.
Secondly, the digital asset trading market lacks applications in brick-and-mortar scenarios. Digital assets, whose main selling points are the high levels of security and trust, are the result of a combination of technological innovation and social demand. Their emergence and development are closely related to the shortcomings of the existing monetary system. The blockchain technology used by both statutory and non-statutory digital resources will create a reliable, credible and transparent digital asset system. Having full transparency in terms of digital resources in circulation allows instant transactions, increased liquidity, lower levels of collateral necessary to secure a mortgage and reduce trading risks. However, it can not be said that digital activities, either statutory or non-statutory, are actually in circulation now. This lack of liquidity makes it difficult to connect and apply them in brick-and-mortar scenarios.
There is a bubble in the value of digital resources: this is quite evident on the basis of the unrealistic excess of hype on some blockchain projects, creating market valuations that deviate from the basic value and establish unreasonable expectations. In addition, some projects have not, in fact, used blockchain technology, but have simply obtained assessments that are completely inconsistent with what they are actually doing in terms of blockchain. These projects represent 95 percent of the total. The level of innovation that has been associated with many projects is totally speculative and differs from the needs of the real economy. These financial and technological innovations, to put it plainly, make no sense. Only by developing applications for the benefit of the real economy can technology prove its worth.
Moreover, high listing costs and long queues to be quoted, unfair mechanisms of profit sharing and lack of real distinction between existing competitors are all issues that hinder the sector. With the various exchanges converging in terms of structure and management of currency transactions, exchanges will end up competing strictly on the quality of prices and services. However, there is still too much lack of differentiation in what competitors are offering. It is essential to have a continuous stream of high quality blockchain projects entering the exchanges.
The establishment of SDX solves these problems.
SDX is committed to creating a leading global digital asset exchange based on blockchain, creating an open, authoritative, fair and regulated closed-loop trading platform. Supporting a variety of trading models and financial derivatives while implementing innovative futures, options and other derivatives as core competitor products, the exchange maintains its market leadership by continuously launching new products in line with the development of the industry. ; blockchain industry. SDX will provide a platform where the best financial professionals in the world can participate in in-depth exchanges and international financial transactions.
The biggest advantage of SDX lies in its international legitimacy and powerful application scenarios. SDX has been granted the financial licenses necessary to operate in four countries and regions, with work in progress to increase the number to 16 in the near future. Government approval provides clear evidence of the legitimacy of SDX and the ability of SDX to create practical application scenarios has been a further driver of its success.
Through its partnership with the Asia Pacific Holding Foundation, SDX launched the JinDuoDuo.com series of financial management products. APH owners can purchase JinDuoDuo products on SDX. JinDuoDuo products are available with 3, 6 and 12 month maturities. The more the user invests, the higher the interest rate. By way of illustration, the interest rates for 3, 6 and 12 month products are 3%, 8% and 20% respectively.
During the next year, when SDX establishes partnerships with the 16 countries that have expressed their intention to do so, the Asia Pacific Holding Foundation will initiate offline payment activities, where APH holders can make purchases in supermarkets and stores that accept APH payments, with plans to expand the footprint with multiple payment services including brokerage markets, taxi services and online payment. Users can also use APH directly to exchange foreign currencies for immediate use in the 16 countries. When users must have access to the local currency in one of the 16 participating countries, they can convert any amount of APH into their account up to the amount of the local currency required. They can also convert foreign currencies into APH and then use APH to convert to other types of currencies. SDX will charge a commission to complete the exchange between APH and other currencies.
In addition, SDX will build its own closed ecological cycle in e-commerce, agriculture, production and distribution of films and other areas, creating a complete ecosystem for APH applications.
The SDX launching ceremony will take place at China over it December 15, 2018 while negotiations will start in the exchange January 2019. The international blockchain SDX trading platform is committed to using blockchain technology to build a secure digital currency ecosystem that brings together the wisdom of the community. Investors will no longer be exposed directly to blockchain investment risks and will have access to the value added services they need. Since its inception, the project is in constant progress. The project has preliminarily completed the testing and development of the hardware for an intelligent control system. At the time of launch, small-scale application tests will be implemented worldwide. SDX and its supporters are confident that the project will be seen and recognized as an innovator in the next round of development in the blockchain sector.
SOURCE SDX
