The future of exchange
Future1Exchange has set up the bases to become one of the main digital assets exchange platforms
Future1Exchange is an institutional grade digital asset exchange designed for both professional traders and retail investors. The platform, which has a monthly transaction of 5 million, allows users to buy, sell, and store digital assets. The Block sits down with founder and CEO, Kishore M.
What differentiates your exchange from others?
Future1Exchange is licensed and regulated in Estonia, Europe. Most exchanges are not licensed, so the regulation and licensing of our Exchange will build trust in the market. Unlike other exchanges that take huge listing fees – which are anywhere between 5 to 20 BTC, we support listing projects by taking a very nominal listing fee, which is mostly in the native tokens of the project as a proof of our believe in the project.
We have one of the best security systems and we provide world-class service to our users. There are very few crypto exchanges which have contact numbers and live chat features. Future1Exchange is bringing that level of customer service to the retail investors. We are giving Fort-Knox Security, Multi-signature Custody Services, a High-Speed Matching Engine, 24/7 transaction monitoring engine, and instant deposits and withdrawals. We are also assuring our clients that their digital asset on Future1Exchange will be 100% reserved and won’t be used anywhere else.
We also have an academy to educate our users on blockchain and cryptocurrencies. Only companies that are legit and have great potential will be listed on our Exchange.
Future1Exchange will be the go-to-platform for investors and traders looking to invest in disruptive technology companies that are going to shape the future. We aim to become the world’s leading Cryptocurrecy Exchange and platform for buying and trading cryptos, token offering, digital asset portfolio, custody, cryptocurrency education and forecasting.
Our vision and mission is to create the most compelling blockchain and cryptocurrency company of the 21st century and to accelerate the world’s transition to adoption of blockchain and crypto.
Through the Future1Exchange Platform, everyone will be able to buy/trade cryptocurrencies and start-ups will be able to raise funds for their ideas through token offerings and listings.
What problem is Future1Exchange solving?
Future1Exchange supports Initial Coin Offering (ICO) Projects. The benefits of using an ICO over other forms of funding are very clear. The ownership of the company remains yours. The cost of an ICO is much, much lower compared to an IPO. An ICO doesn’t take money in return for cranking out a product that hasn’t yet been created, so the pressure to produce a product quickly is much lower. Hence Future1Exchange solves the fund-raising problem of entrepreneurs through Initial Crowdfund Offering and Listing.
Future1Exchanges also solves the problem of GateKeeping. Projects which were previously denied to the crowd and available only to Venture Capital and high net-worth individuals with networks and connections, will no longer only be for the privileged few members of the society. Future1Exchange will help entrepreneurs circumvent obstacles of fund raising wherein they can appeal directly to a general audience on Future1Exchange Platform.
Start-ups and SME (Small and Medium Enterprises) account for over 95% of global firms and over 75% of employment. Future1Exchange wants to help Startups and SME in their Fund raising and blockchain journey and in turn help create jobs for the global economy.
Does Future1Exchange have any intention of adding crypto to fiat pairings given the volatility of stablecoins?
Future1Exchange will soon be launching P2P Exchange which will have a crypto-to-fiat pairing.
How do you ensure liquidity in some of the lower-traded altcoins?
We make sure every token listed on our Exchange does market making and creates liquidity, otherwise the token will be delisted – this is part of our listing agreement.
Millions have been stolen from crypto exchanges due to security vulnerabilities. What sets your firm apart from the rest?
We have a Fort-Knox Security X509 SSL HTTPS certificate and 2 factor authentication with IP binding. This is tied up with Ledger for multi–signature cold wallet to automatically back up all our assets.
Have you got any plans to transition into a decentralised exchange that gives users ownership over their private keys?
We have plans to launch a Peer2Peer Exchange. P2P takes a decentralised approach to trading between individuals.
User experience is arguably one of the best predictors of a highly successful onboarding process. How does Future1Exchange tackle this?
We have a live chat support service and telephone number for users to call us – very few crypto exchanges can be reached over a phone. A multi-language trading interface means clients will soon be able to purchase Crypto with a credit card and users can exchange over 100+ cryptocurrencies.
Are there any sneak peek developments you’d like to announce?
We are expanding and will be opening global offices in Europe, the Middle East, and South East Asia. We have a stellar team – Herbert Sim from Huobi aka the Bitcoin Man, Eman Pulis founder of AIBC Summit and Saleem Mohammad, founder and CEO of Tescon and World Blockchain Summit have all joined our Board of Advisors.
We are planning our Token offering by the end of this year.
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