TradeQwik is a brand new exchange with a twist and we're in beta right now!
Our focus is on providing a clean, simple, easy to use gateway into and out of fiat.
At TradeQwik you can deposit market pegged assets such as SBD or bitUSD and it instantly trades at face value into fiat, no muss, no fuss, no hassle. In fact when you deposit those currencies they just show up in your account as USD within seconds.
You can withdraw into your choice of other market pegged assets, or cold hard cash at any of our ATMs.
You can also use our ATMs to load your TradeQwik account directly in pesos or dollars, and use that to buy cryptos at spot with no markup.
Additionally, We also offer debit cards tied directly to your TradeQwik account that allow you to spend your cryptocurrencies anywhere MasterCard is accepted!
But wait! That's not all!
TradeQwik needed a viable long term solution to cold storage for our Steem, so we decided to take the step of powering up all of the funds we receive in excess of our average daily withdrawal demands. What this means is that we'll be using SP for cold storage. But that's boring! So just to shake things up a little,
We'll be using that SP exclusively to upvote the posts of our best customers!
As our steem reserves build we'll use it to brighten the day of each of our customers.
In order to qualify for an upvote, all you need to do is be active that day. The 20 most active traders each day will get their most recent posting upvoted with full power around midnight GMT.
To the best of my knowledge this makes us the only exchange that solely upvotes it's customers as a reward for choosing to do business with us..
But how secure is it?
No centralized exchange is flawless. However TradeQwik is built on top of TxBits, a world class open source crypto trading engine that was engineered to be extremely secure and highly scalable. It's battlehardened and tested in real exchanges, none of which have ever been hacked.
But I took it a step further and became the new maintainer of the TxBits project as well.
This means that other than config files and artistic assets, 100% of our source code is available online for your inspection. Pull requests are accepted and welcome!
How many exchanges do you know of that can make that claim?
I'll be updating the TxBits wiki in a few days explaining all the measures we took to secure every aspect of the exchange not just the source code, and those steps go far above the norm.
What do I get for trying out TradeQwik during beta?
Besides the immense sense of satisfaction from helping us during the game of whack-a-mole that is inevitable during beta, you'll receive higher priority for voting, since that list is sorted first by sign up date and then by activity.
However in case that weren't enough, we're running a contest during the expected 30 days of beta testing.
The current price of a VIVA Crown is ~$600 USD. We'll be giving away 2 VIVA Crowns each day.
One Crown will go to the trader who makes the most gains in total NAV each day from their trading activity and the second Crown will go to the person who placed the most filled or partially filled orders.
In otherwords each day we're giving 1 Crown to the top maker and 1 Crown to the top taker.
What else will we be offering?
There's a lot more in the works. As I mentioned in my first post about TradeQwik, TradeQwik is just a single component of the VIVA Economic Engine. A crucial component, but still just a component. As VIVA launches, the other features such as cryptographically secure, interest bearing money market accounts denominated in fiat and the ability to trade on margin will begin to roll out. Furthermore, we will be launching the first VIVA mint and moving our own infrastructure inside VIVA as a living demonstration of how businesses can use the VIVA network as infrastructure that pays for itself. As we do that, you'll be able to earn a passive income, just staying connected to TradeQwik so we can put your idle cpu cycles to work.
Make sure to follow @tradeqwik for more information!
Thank you for taking the time to read this post, I hope to see you in beta. Your upvotes, resteems and comments are greatly appreciated.
You can go to https://live.tradeqwik.com/ to signup for beta.
If you'd like an invite to our slack channel, just send an email to hello@vivaco.in and we'll get you one right away.
p.s. If you have a favorite cryptocurrency you'd like to see listed at TradeQwik, comment below and we'll look into it right away.
This post is 100% steem powered!
Wondering what VIVA is? Read more about it here