Place/Date: - December 3rd, 2021 at 8:51 am UTC · 3 min read
FMCPAY is set to redefine the crypto exchanges sector with its unique value proposition and its working model. Cryptocurrency exchanges account for a significant portion of cryptocurrency trading volume, with Binance, the leading cryptocurrency exchange, reporting a monthly trading volume of more than $1 trillion.
Although cryptocurrency exchanges are somewhat centralized, central governments have cracked down, resulting in the ban of cryptocurrency exchanges in countries such as the United States that insist on heavy regulation, resulting in the closure of accounts for those residing in these countries. Crypto exchanges are intended to be entry points into the cryptocurrency world for newcomers, but the market is complex and challenging to navigate. Most significant exchanges struggle to provide users with the tools they need to profit from their crypto trading.
The FMCPAY exchange is a trustworthy cryptocurrency and digital asset trading platform. By charging a low transaction fee of 0.04 percent, the exchange has positioned itself as an appealing entry point for cryptocurrency newcomers. FMCPAY is simple to use and provides users with liquidity. The platform has also improved customer relationships. When you trade on the platform, you “pay buddies, not addresses.”
Aside from being a cryptocurrency exchange, FMCPAY provides users with a one-of-a-kind feature in the form of stock brokerage. The trading pairs of the listed stocks are paired with the USDT stablecoin, making this offering unique.
FMCPAY operates on its own private UTXO blockchain, which debuted in 2021. FMCPAY is also completely decentralized, with no single entity in charge. FMCPAY exchange is powered by an immutable ledger, a chain of blocks with verifiable signatures, and billions of dollars in cryptographic computation. FMCPAY adheres to the core philosophy of Bitcoin, the pioneer cryptocurrency in terms of transparency, openness, and trustless financial transactions.
FMCPAY’s blockchain is entirely open and accessible to everyone. The blockchain has been subjected to several non-contentious soft and hard forks, all of which have resulted in upgrades to the entire FMCPAY blockchain network. FMCPAY prioritizes speed, security, and scalability, as evidenced by significantly faster block timings (15 seconds). On-chain scalability is a critical component of its blockchain, allowing for a wide range of practical applications such as deploying dapps, document authentication, token issuance, and asset digitization.
FMCPAY’s voting system is based on delegated proof of staking (DPOS). Stake-weighted delegated voting, also known as Liquid democracy, is a voting system in which voting power is directly proportional to the number of tokens staked to secure a project. Liquid democracy entails “delegated voting,” in which users retain some control over the future operations of the FMCPAY ecosystem without having to participate in decision-making directly. Liquid democracy is a highly adaptable governance model that also provides incentives for contributions to the FMCPAY network, allowing for decision-making capability and rewards for $FMC holders. FMCPAY also intends to improve the voting stake process in the future.
The FMCPAY exchange aims to provide users with one-of-a-kind benefits that will allow them to make the most of the platform’s trading tools. The following are some of the advantages that users typically enjoy when trading on the FMCPay platform:
The new era of cryptocurrency exchanges has arrived. FMCPAY is poised to become one of the leading cryptocurrency exchanges by increasing access to crypto markets and providing adequate liquidity through its dynamic order router approach.
To learn more about this project, contact them via the following channels: Google Play.