PRIME X - Easy Digital Payment Tool for the Future

The banking industry is going through exciting times and technology, digitization, social media and mobility are changing rapidly altering the way in which we live, work and interact with each other. The wind of change in payment system is gaining strength by governments accelerating financial inclusion, opening new business models and providing impetus to digital payments system. The system offers an unprecedented opportunity to people. Traditionally, the field of payments has been bank driven but with the continuous innovation in the technology, payment system is emerging as a distinct industry. Following the demonetization of high denomination paper currency notes, the Government urged small traders to embrace technology by using digital payment systems. It is expected that by embracing technology, we can bring about a big transformation in the form of a cashless society.

However, this transformational phase is accompanied by heightened concerns around cyber crime, consumer protection, competition, safety and convenience. The anonymity of cash transaction is a non-trivial barrier to digital payments and is a constant battle between Government and those who evade taxes.

Digital payments service providers are developing blockchain to use it to secure contactless payments. Every party involved in a blockchain-enabled transaction through them will have a record of every relevant transaction that took place in the system. Both the merchant and customer will be able to know what proportion of transactions were fraudulent for the other party and can choose to do or not do business forearmed with that information.

The Blockchain technology is expected to play a major role in the future of digital payment processing solutions. The Blockchain tech, through the use of encrypted distributed ledgers, provides secure real-time verification of transactions and eliminates the need for mediators such as correspondent banks. Major companies in the financial sector are already on board with the technology. Late last year, Mastercard announced that it is offering the ability to send money over a blockchain rather than by swiping a credit card. According to a report, Mastercard's blockchain operates independently of a cryptocurrency, and instead accepts payments in traditional local money.

They will also be updated in real time if there is anything unusual about a transaction that they are undertaking, and all transactions can, therefore, be validated. A combination of prior transactional history and immediate and reliable verification would provide complete security and peace of mind to everyone transacting through blockchain-enabled contactless payments.

Prime X is a digital payment tool that will be used in the future. It is a new global decentralized platform that seeks to combine cryptocurrency resources with banking activities in order to improve the quality of interaction between these two systems and they could work with each other directly with minimal time and Commission costs.

It is a set of tools and functions available for both the average user and the professional cryptocurrency space (traders, investors). Thus, PrimeX is ready to offer us a new ecosystem for the interaction of all people, from sellers to consumers, without resorting to the services of third parties.

PrimeX acts as a platform for exchanging both crypto and Fiat digital currency. The type of currency participating in the currency pair does not matter. PRIME X inherits and develops the Blockchain technology platform, with work methods that speed up all transactions quickly, minimize risk, increase high security, and not involve third parties.

The main task of PrimeX is to minimize the operation time and protect it from any intrusion while providing the highest level of security and reliability at all stages of the transaction. Not only this, but much more you can find in PrimeX.

In addition, the technology components of the PrimeX platform are designed to easily handle the new demands and possible overloads of the system in the future. Therefore, it is faster for all processes, qualitatively improving data processing capacity of over 1 million times per second. It naturally distinguishes them from the many competitors that exist in the market for such services.

Prime X Coin has full control over the control of transactions, ecosystems and control of all personal customers, so this makes it easy for all customers to contribute to this platform.

Prime X is a safe, scalable, transparent, secure and adaptable exchange. According to the developers, their exchanges can read over 1,000,000 orders, which makes the exchange one of the fastest ways. It will have its own PXC currency, where you can trade, pay taxes and have a balance, and receive daily rewards.

Prime X uses blockchain with X-11 algorithm, making it one of the safest and most encrypted ways. X11 is the name of the chained work algorithm (PoW). X11 is a widely used hashing algorithm created by developer Evan Duffield.

Mission

1. Creating a new ecosystem, where sellers and buyers can make transactions without third parties.
2. Increase high security, an exchange-based platform usually often hacked by irresponsible parties, they steal traders' balances stored on an exchange, so we prioritize very high security, if the code uses a difficulty level very clear and only certain people can access it, so it is very unlikely that the platform can be hacked.
3. Trading fees are very small, this is usually a consideration among beginner traders, where they try to trade in cryptocurrency with a small nominal and minimize losses that can be obtained, if the fee is charged equivalent to a large nominal trader, very not fair to them.
4. Significant exchange, Prime X is an exchange platform that includes two exchange places, namely in digital currency and Fiat, very easy for those who want to withdraw the balance / profit after trading in our exchange. because of the widespread fraud of converters The digital currency to Fiat Currency out there is irresponsible. that is one solution and it is the mission to overcome this problem.

Vision

The vision is to create a globally accessible alternative to modern banking, allowing you to save money safely, access it directly and transact with it anywhere, in any currency including crypto using Prime Coin, Create a digital wallet as a companion to banking card solutions, To deal with future crises that may occur in some countries allows you to exchange digital currencies with other countries' currencies so that prices stabilize and help your economy become easier.

PrimeX Features

• Very High Security

Security will always be a top priority and always be considered in detail in every decision PrimeX make, and combine many layers of protection, using the most reliable and effective security technology available to safeguard your funds, equipped with modern technology that is very tightly closed in the system security

• Multiple Languange Support

PrimeX will support English, Indonesian , Chinese and Korean on all of user interfaces. (The very initial release will be in English and Indonesia only.) More languages will be added over time

• Strong Trading Interface

The trading machines are specifically designed to be scaled and to ensure that orders are executed in real-time. PrimeX also support algorithmic trading through extensive API. In addition, the design interface is easily accessible and does not confuse traders with facilities that are very good, smooth and without the slightest delay.

• Transparent operations

Prime X Exchange uses a system where between the seller and the buyer will deal directly without a third party, with a transparent operation the buyer will immediately get what he buys, as well as the seller or user, he will immediately receive the nominal according to the installed price, or usually called an order book.

Token Sale and ICO Details

PrimeX will have its own internal token - PXC. In total, for the development of their project, the developers will launch 200 million coins, each of which will be developed on the Blockchain with the algorithm X11, PoS & Masternode.

PRIMEX exchange is configured with good user interface and likewise the exchange platform is designed with some other features which traders would always love to have in an exchange such as SPOT TRADING, MARGIN TRADING, FUTURE, INSTANT EXCHANGE and FREE TRADING FEES.

The launch of this project will allow the trading of coins/tokens against the following pairs: BTC, ETH, DOGE, LTC, XLM and PXC (PRIMEX).

PRIMEX has launched its own token in the platform in which traders will be using as trading fees and likewise will be used to receive some other incentives and rewards in the platform.

For public sale will allocate only 150 million coins, with an initial value of 0.2 USD. Surprisingly, the amount of Hard cap at PrimeX is not so high only 6 million us dollars.

Token Details

• Token: PXC
• Type: Utility
• Platform: Blockchain
• Price: 1 PXC = 0.2 USD
• Accepting: ETH, BTC, LTC
• Minimum investment: 100 USD
• Soft cap: 4,000,000 USD
• Hard cap: 6,000,000 USD
• Country: Indonesia
• Whitelist/KYC: KYC
• Restricted areas: China

Token Allocation

• 15,000,000 PXC Allocated to ICO
• 775,000 PXC Allocated to Marketing cost
• 1,225,000 PXC Allocated to founder, core team and Advisors
• 1,500,000 PXC Allocated to Airdrop & Bounty
• 350,000 PXC Allocated to Blockchain enthusiast
• 650,000 PXC Allocated to Trading competition

Fund Distribution

• 40% Allocated to development
• 15% Allocated to operating costs
• 10% Allocated to Marketing costs
• 25% Allocated to Legal Fees
• 10% Allocated to Price Stabilization

Road Map

Team

For more information, please visit:

WEBSITE: https://primexcoin.co
WHITEPAPER: https://primexcoin.co/page/Whitepaper
ANN THREAD: https://bitcointalk.org/index.php?topic=5107391.0
TELEGRAM: https://t.me/primexchat
FACEBOOK: https://web.facebook.com/primexofficial
TWITTER: https://twitter.com/primex_coin
MEDIUM: https://medium.com/@primexcoin
LINKEDIN: https://www.linkedin.com/company/prime-exchange
INSTAGRAM: https://www.instagram.com/primexcoin/
SLACK: https://primexcoin.slack.com/
DISCORD: https://discord.gg/xtqw48
GITHUB: https://github.com/primexcoin

Author: JigaMola
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143