The word "cryptocurrency" comes from a combination of two words, namely "cryptography" which means secret code, and "currency" which means currency. The concept of cryptography has actually been known since the days of World War II. At that time, Germany used cryptography to send secret codes so that it would not be easily read by the opposing party.
Unlike conventional currencies, which are centralized, digital currencies are decentralized. No party is present and acts as an intermediary in a transaction. Payments with digital currency take place from sender to recipient or peer-to-peer.
However, all transactions made are still recorded and monitored in the cryptocurrency network system. It is the cryptocurrency miner who records these transactions and earns a commission in the form of digital money that can be used.
Released in 2018, Kyrrex started as a fiat-cryptocurrency platform. This banking platform offers unique services and products to its users. It is an ideal Platform for users who are dealing with their digital assets.
Many traders are attracted to the Kyrrex Crypto Exchange which is known as the main USP. A platform originating from Malta that can perform crypto transactions and can be operated anywhere in the world.
With a daily trading volume of 30 million dollars, with that much daily volume, it can be concluded that this is one of the most popular crypto markets in the world.
The trading market on this platform will categorize user accounts into several levels:
- General
- Beginner
- Pro Trader
- Insider
- Institutional
- Market Maker
Different Levels you have will affect different trading fee discount programs.
Allocation Token
- Public Market
- Operational Purposes
- Lock and Release
- Funds Usage
Kyrrex will have a plan to burn the tokens they receive from earnings every three months. Token burning will be carried out at 50 percent of the tokens launched.
This platform will work according to strict regulations coming from Financial Services authorities and licenses, Providing Financial Intelligence digital currency services from Estonia.
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