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Cryptocurrency Platform Crix.io Launches Private Beta
Crix.io, a cryptocurrency platform offering fast and secure trading in bitcoin and other digital currencies, has announced that it is launching a private beta of its platform this month.
Beta testers are required to create a Crix.io wallet and will be provided with access to 100BTC (not real bitcoin) to play around with. Those who are interested to join can visit sign-up page at Crix.io and follow instructions.
The platform specializes in futures trading by providing the instrument to fix the US dollar (USD) value of bitcoin (BTC) income, regardless of BTC/USD rate changes. It works on a mathematical model which assesses the historical data and sets the price limits and margin requirements for every session, thereby ensuring participants are guaranteed fair settlement regardless of the market liquidity and volatility.
Moreover, by carrying out an analysis of the historical data of the bitcoin spot markets, the probabilistic risk model provides an accurate price range for 24 hours, which is used to margin the futures contracts.
“This model assures no margin calls or liquidations are necessary during 24 hours trading sessions which in turn guarantees fair settlement”, the press release said. “The platform is designed to provide the fairest hedging opportunity and offers leveraged trading that varies from 2.75 to 6 depending on volatility of the market.”
The platform has passed the on-demand security audit by Crowdcurity (now Cobalt) confirming that it is protected to withstand high-risk attacks.
The official public launch of the platform is yet to be announced. Crix.io will be collecting data from the beta test and working in adjustments and improvements in the forthcoming months.