VPEX Exchange

What Is VPEX Exchange(VPX)? Complete Guide Review About VPEX Exchange.

What Is VPEX Exchange(VPX)?

VPEX Exchange is a project inspired by the exchange industry which aims to offer all businesses related to the industry a safe and reliable trading solution, offering professional services to digital asset investors, traders, to guarantee safety and minimize difficulty when listing cryptocurrencies. Our vision is a future where a large share of the Exchanges market uses one unified token VPX, for all their transactions. The different sectors of the industry will create an intricate ecosystem with thousands of interconnected businesses, in which the token will be exchanged, and VPX will be consistently on the rise.

VPEX Exchange aim is for VPX to become the principal cryptocurrency which will largely replace fiat currencies in the multi- billion dollar Exchanges industry over the course of several years. VPEX will serve as a solution to a prominent problem, becoming a highly used and valuable token for millions of businesses and individuals. This VPEX Exchange will explain the details of this vision and exactly how coin see it coming to fruition.

VPEX Exchange Storage Key Points

Coin BasicInformation
Coin NameVPEX Exchange
Short NameVPX
Circulating SupplyN\A
Total Supply950,000,000
Source CodeClick Here To View Source Code
Explorers Click Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Cryptocurrencies Market

In April 2021, the capitalization of the cryptocurrency market reached 1900 billion dollars. According to multimillionaire and digital currency supporter Michael Novogratz, the capitalization of the cryptocurrency market at the end of 2021 will be $ 3-4 trillion. Global awareness, interest and the acceptance of cryptocurrency is expanding on a daily basis.

VPEX Exchange security and transparency of blockchain technology, mixed with the speed and limitless trade potential of cryptocurrency are applicable in any sphere, especially for exchanges. It is assumed that charities utilizing blockchain technology and cryptocurrency will soon represent a significant percentage of global exchanges and will increasingly challenge the market share of traditional charitable donation methods.

Risk of existings exchange

VPEX Exchange the Blockchain market grows with the embark and interest of governments and businesses around the globe and more crypto assets are being introduced day by day, the need to convert and exchange between crypto tokens is ever increasing. The trade volume between, for example, ETH and Bitcoin is worth billions of dollars per day on major exchanges (see the data are statistics on coin market cap.com).

The total trade volume between ETH and other crypto tokens on its network, most of which are less than 3 years old, is also in the order of billions of dollars. However, despite reliable characteristics of cryptocurrencies and crypto tokens, most of the trades happening on old centralized architectural and decentralized exchanges are vulnerable to internal fraud and external hacking. This is an ongoing concern and a number of hacking incidents has been reported at various exchanges affecting thousands of users and loss of hundreds of million of dollars.

Financial insecurity, hacks

Millions of bitcoins have been stolen from crypto exchanges since Bitcoin’s creation. Lacking guarantees and insurance, hacked crypto exchanges decline responsibility for stolen bitcoins. An example of this is the Mt. Gox case in which the company said it had lost almost 750,000 of its customers’ bitcoins and around 100,000 of its own bitcoins, totaling around 7% of all bitcoins, worth around $473 million at the time.

VPEX Exchange have been numerous situations where crypto assets deposited were lost or scam. A significant risk still exists today, and it is widely agreed that due to complacency and a lack of better alternatives almost exchange currently lacks the proper security to adequately protect customers’ deposits.