Bridge digital currency exchanges around the world and realize investors’ cross-exchange trading, cross-exchange clearing, deposits and withdrawals among different digital currencies and assets.
Improve trading efficiency and performance of exchanges and realize the market-oriented distribution of digital currencies’ liquidity and best price offers.
First, bridge the exchanges in terms of trading, deposits, withdrawals and clearing through agreements among digital currency exchanges and offer discounts on trading fees; provide deals on credit and margin trading. Soon afterwards, build Exchange Union Chain and realize the full interconnection among digital currency exchanges through blockchain technique.
What we do
Exchange Union makes strategic investments in digital currency exchanges. With the synergy in the union, XUC will be listed on the markets of every exchange. Shortly after launch, Exchange Union will build a union chain.
Users can easily buy any digital currency throughout the exchanges in the union with a favorable price. Eventually, the barriers among the exchanges will be broken. Price discovery, cross-region trading, clearing, deposit and withdraw could be easily done in the union. Meanwhile, the exchanges in the union will benefit from high liquidity and broad user base.
15 JUL 2017
7 AUG 2017
Attention. There is a risk that unverified members are not actually members of the team
$33 000 000
The market is highly consolidated (more than 95% is allocate on 25 crypto-exchanges). There are no confirmed cooperation agreements with the largest crypto-exchange exchanges. In companies white paper there are completely lack elements of go to market strategy.
The prototype of the product is not presented. The development dynamics can not be tracked using medium or github. There is no road map for product development. There is no interest from the major exchanges regarding the implementation of the inter-exchange interface based on XUC (the first agreements are scheduled for signing December 2017). The white paper does not include escrow details. The company does not provide information on how the company's expenses will be paid through the collected funds and how the process of converting crypto-currency into fiat money will be controlled if necessary. There are no mechanisms to control the mis-spending means and mechanisms of guarantees for the investor. The mechanism for ensuring profitability for the holders of the tokens is not described. The team promises the release of the token to the exchange 2 months after ico, while there is no indication of specific agreements with specific exchanges • The company does not provide any financial forecasts. The volume of funds raised Exceeds the values for venture projects of analogs 2-3 times (average size of Round A in the category).
Given the presence in the team, Mikael Wang (chief technology officer of BTCC) does not foresee any difficulties in implementing the technological Road Map. At the same time, the team lacks participants with significant experience in building and scaling the business (James Wo is a former partner of the small Huiyin Blockchain venture venture market Data LinkedIn also has no significant experience in building and developing business).
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