01. EXECUTIVE SUMMARY

Over the past decade, the use of cryptocurrencies has grown from simple ledger-to-ledger transactions to full fledged decentralized smart platforms. With these technological advances, certain trends within the crypto ecosystem have emerged. One of the current trends is crypto exchanges and, similar to initial coin offerings, people have scrambled to invest in and support the innovative ideas and plans of aspiring start-ups.Unfortunately for investors, precious few of these projects have actually reached the completion stage.

To ensure the success of the project, Centralex has built and developed their cryptocurrency and exchange platform using their own funds and expertise. Centralex is not in the business of simply offering ideas; rather, the team is deeply invested into the process of producing real crypto-related solutions while maintaining a transparent business model.

Unlike other token projects, true token utility and robust airdrop models are some of the defining features of the CenX token. Centralex will create its own smart blockchain in the future, whilst that is in development. We have opted to launch the CenX token on the ERC- 20 network as this offers a safe, secure and stable ecosystem.

02. PROBLEMS: EXCHANGES / TOKENS

2.1 BACKING

Some of the exchanges existing in the market today do not offer their respective token holders any incentive to hold on to the tokens, apart from some temporary benefits or discounts. There is very little in the way of long-term use cases for their proprietary tokens/coins. What is of even greater concern is the fact that these same currencies are backed by nothing more than trust in the exchange itself.

Bitcoin, Litecoin and Ethereum are backed by proof of work, which requires a vast number of miners and a considerable investment in hardware to keep the network secure. The fact that they are decentralized blockchains makes it very difficult for governments to shut down. Moreover, the costs needed to conduct a 51% attack on the Bitcoin blockchain, for example, are prohibitive rendering such an attack highly unlikely. These important features build trust.

Some of the exchange tokens/coins, on the other hand, lack any such trust-building attributes; they neither require much of an investment nor are they backed by anything of value.

2.2 UTILITY

Due to the lack of actual use cases and the fact that few exchange tokens/coins are accepted as a payment option, the lifespan of many coins and tokens is likely to be very short. Centralex believes this is harmful to the cryptocurrency ecosystem as a whole, as it stifles innovation and hampers cryptocurrency adoption. Moreover, some crypto developers with dubious intentions, lacking any authentic use case, eventually pump and dump their own tokens for their own benefit, leaving many of their investors high and dry. This clearly has a negative impact on the reputation of the industry. The Centralex Team firmly believes in developing a genuine use case, as well as promoting and expanding user adoption through user-friendly solutions.

2.3 EXCHANGE FEATURES

The Cryptocurrency exchange ecosystem is continuously changing. They may offer only a very limited range of services, or even a single service, in an already niche market. Crypto exchanges routinely engage in the detrimental practice known as market spreading in an effort to increase their turnover and growth. These types of practices do little to increase adoption of cryptocurrency in the long run. Other exchanges are constantly adding more currencies and trading pairs. This approach may be attractive to existing users, but it does little to promote wider adoption or encourage non-crypto users to get involved.

2.4 LIQUIDITY

For a cryptocurrency exchange or any other business to survive, it requires liquidity.

The problem with token liquidity is that the token creators don’t lock away a minimum amount of liquidity to support their token, which means that token holders do not have a guarantee if they need to withdraw their funds for whatever reason they see fit.

03. SOLUTIONS

Centralex Token (CenX) is not your typical exchange token that you see on the market today. It is unique in that it will be not only a utility token used on the platform natively to activate discounts on trading fees it will support the value proposition of the CenX token by offering token holders a voting feature when there are certain actions required. EG. CenLock™ - the staking mechanism to be explained further down.

The CenX token will have the effect of creating a motivation for token owners to hold their tokens for longer periods of time. Creating a Stable and liquid base for Centralex, affording the team the means to continue developing more innovative crypto based solutions for many years to come.

The CenX token (CenX) has utility, staking rewards, and governance built in.

3.1 CENTRALEX UTILITY

The CenX token is the primary medium of exchange used for transaction fees on the Centralex Exchange.

3.2 CEN-SplitTM REWARD PROGRAM

One of the incentives to buy and hold CenX tokens will be the reward mechanism, which will grant quarterly rewards to CenX token holders. Rewards will also give CenX token holders a meaningful interest in the growth of the platform.

To ensure a fair and transparent distribution, Centralex will divide and distribute the rewards among the Centralex token holders via the CEN-CHAIN which will be a publicly accessible Ledger. The CEN-Split™ Airdrop rewards will be issued as CenX tokens directly to token holders’ wallets.

The total amount of the rewards will be of the equivalent value of 6.5% of the exchanges total fees paid in CenX tokens quarterly. This in turn helps back the token.

Reserved balances belonging to the Centralex Team are not eligible for staking rewards.

3.3 CENTRALEX LOYALTY PROGRAM (STAKING)

Every transaction paid in CenX tokens, the CenX token stakers or holders will be rewarded by our CEN-SplitTM Airdrop Program where every day our system will create a snapshot of our token holders’ wallets, which will then be used to automatically distribute staked earnings to the stakers wallet. The staking rewards schedule will closely follow the Bitcoin halving model where each year the amount of rewards returned is “halved”

Interfacing with the ERC-20 smart contract is the CenX staking contract. The CenX staking contract enables users who are staking CenX to start receiving up to 25% of the transactional CenX fees received on the Centralex Exchange for trades.

The first year, the CenX staking rewards will be pegged to 25%, and then halved each year thereafter. This makes the first few years of staking the most advantageous for early adopters.

The halving schedule will proceed as follows:

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Staking rewards can amount to huge returns for stakers. If Centralex were to achieve a top 100 exchange status by having $25,000,000 USD of transactional trading volume per day, with 1% trading fees, the first year at 25% this would result in $22,812,500.00 USD in staking rewards for stakers on the network.

3.4 DEFLATIONARY TOKEN

The CenX token is a deflationary token, and much like the staking rewards will follow a yearly “halving burn rate. Every transaction where CenX is used on the Centralex exchange for transactional fees will result in a specific percentage of the token supply being burned. The burn will start at 5% and will halve each year thereafter. This decrease the total supply of CenX, thus increasing the scarcity of each token.

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3.5 CENX GOVERNANCE

CenX aims to be a community managed project, which means that CenX token holders will have governance and voting features on future implementations of the CenX exchange. For example, CenX holders will be able to voice their opinion for upcoming coins, tokens and other projects to be listed on the Centralex exchange.

04. CENTRALEX TOKEN

4.1 TOKEN SPECIFICATION

Blockchain base: Ethereum ERC 20 Token
Token Provider: Centralex Holdings Limited
Token Capacity: 500,000,000 tokens
Abbreviation: CENX
Symbol: Symbol

Initial Product Offering 500,000,000 CenX
Reserved 55% ILO & UniSwap LPool 275,000,000 CenX
Reserved 5.5% Community Airdrop 27,500,000 CenX
Reserved 25% Founders & Team 125,000,000 CenX
Reserved 5% Bounty Program 25,000,000 CenX
Reserved 9.5% Legal & Marketing 47,500,000 CenX
Total 500,000,000 CenX

4.2 CENTRALEX TOKEN: PRIVATE OFFERING

Before the launch of the exchange, Centralex will start the Private presale offering. There will be 27.5% of total token in circulation offered. During this period, Centralex token will only be offered to a select group of early adopters who have been specially invited to attend CEN-Connect™ events.

To ensure compliance, Centralex partnered up with a third-party KYC/AML provider (Fractal ID) who is able to offer us a premium KYC/AML solution.

4.3 TOKEN PUBLIC LISTING

After the private sale has been concluded, there will be an additional 27.5% of the tokens listed on the UniSwap public exchange. These tokens will be available immediately for trading. In order to ensure there is liquidity in the UniSwap trading pool, Centralex will commit up to 60% of all raised funds from the private presale to be allocated to the liquidity pool created on UniSwap. UniSwap is a tried and trusted DeFi platform. This solution addresses the liquidity problem we highlighted earlier.

4.4 UNSOLD ILO TOKENS

In the case of unsold ILO tokens, Centralex will not let these tokens go to waste. Instead Centralex will distribute the tokens between Bounties, Partner Project's and Treasury.

4.5 CENTRALEX COIN UTILITY

The CENX token is the primary medium of exchange used for transaction fees on the Centralex exchange.

4.6 PROOF OF TRADE (REWARDS)

In order to boost trading volume and market making, during the Beta phase Centralex will offer for the 1st month of trading, all transactions will attract a 0% fee schedule.

There after the beta stage the normal Centralex fee schedule will be applied. In which case user paying for their transaction fees in CenX tokens will receive a 25% discount on fees.

4.7 DISCOUNTED EXCHANGE FEES

Once the period of proof-of-trade rewards is over, Centralex will start charging trading fees according to the table below. Users will get a discount if they choose to use Centralex Tokens to pay their trading fees.

To achieve the goal of using CenX as a payment for the transaction fees, Centralex requires a trading pair with each token/coin/fiat and the Centralex Token. The calculation of trading fees in CenX is then simple.

Example pair BTC / USD:

Standard Fee Applied:

For this example, we are using a value of 1 BTC = $10,000.00 If a buy order is placed for 1 BTC the maker fees would be = $10,000.00 x 0,095% = $9.5 (0.00095 BTC)

Discount fee Applied:

For this example, we are using a value of 1 BTC = $10,000.00

25% discount is applied to the 0.095% = (0.095 x 0.25 = 0.02375 there for the discounted % fee = 0.02375) Therefore the new rate is 0.07125%

If a sell order is placed for 1 BTC the maker fees would be = $10,000.00 x 0,07125% = $7.12 (0.0007125 BTC)

All these fees would be deducted from the users CenX wallet if they choose to pay for fees with CenX tokens.

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If the user does not have enough CenX balance, the system will automatically warn them that the balance they have to trade exceeds the CenX available to cover the trade. Before any trade, when the user is on the dashboard, Centralex will do a virtual check to ensure the amount of CenX available in the user’s account is sufficient to cover a trade involving the full coin/token balance.

4.8 REFERRAL PROGRAM

As a marketing strategy, the referral system offers a cost effective way to attract new customers at a fair price. This is accomplished by continuously rewarding users with a bonus paid in Centralex Coins every time one of their L1 or L2 referrals makes a trade.

In order for the referral program to work the user needs to hold at least $100 worth of CenX tokens in their wallets and completed our KYC/AML procedure provided by Fractal ID. Users will earn up to 25% share of the fees collected by L1 referrals and 5% of the fees collected from their L2 referrals – This applies to referrer’s holding less than $7500 in the equivalent CenX tokens. This will encourage users to build out their own referral network resulting in an expanded userbase for Centralex.

To make it even more interesting for our token holders, Centralex came up with a strategic plan to offer even more referral bonusses by implementing a ongoing VIP referral system.

A VIP user will earn up to 35% of the fees collected by L1 VIP referrals and 10% of the fees collected from their L2 VIP referrals if they hold more than $7500 in the equivalent of CenX tokens.

This will encourage users to hold more of the CenX token and build an even stronger referral network resulting in an expanded userbase for Centralex.

HOW IT WORKS

Let’s first review how the fees are calculated for our basic and VIP referrals.

EXAMPLE:

A user makes a trade for 1 BTC. Fees amount to Volume Traded * Fee, so Fees = 1 * 0.00095 = 0.00095 BTC (The taker receives 0.99905 BTC.)

BASIC REFERRAL

John, a Centralex user and holds less than $7500 USD in CenX tokens, successfully recruits his friend, Sarah, to join Centralex. She becomes his L1 referral.

She then trades 1 BTC; again, the fee for this transaction is 0.007125 BTC (when fees are paid in CenX 25% discount is applied). As his L1 Referral Bonus, John will receive 25% of the trading fee, or 0.007125*0.25 = 0.00043125 BTC

The Referral Bonuses for John don’t stop there. Let’s say Sarah recruits her friend, Mike, to Centralex. Mike becomes John’s L2 referral, and as such John will enjoy a 5% L2 Referral Bonus on all the trades Mike makes. Sarah, of course, will receive the 25% L1 Referral Bonus every time Mike makes a trade.

Therefore, Sarah would earn (25%) 0.007125*0.25 = 0.00043125 BTC

And John would earn (5%) of Sarah’s L1 referral 0.007125*0.05 = 0.00035625 BTC

referral referral

VIP Referral

Paul, a Centralex user and holds more than $7500 USD in CenX tokens, successfully recruits his friend, Maria, to join Centralex. She becomes his L1 referral.

She then trades 1 BTC; again, the fee for this transaction is 0.007125 BTC (when fees are paid in CenX 25% discount is applied). As his L1 Referral Bonus, John will receive 35% of the trading fee, or 0.007125*0.35 = 0.00249375 BTC

The Referral Bonuses for Paul don’t stop there. Let’s say Maria recruits her friend, Bob, to Centralex. Bob becomes Pauls’s L2 referral, and as such Paul will enjoy a 10% L2 Referral Bonus on all the trades Bob makes. Maria, of course, will receive the 35% L1 Referral Bonus every time Bob makes a trade.

Therefore, Maria would earn (35%) 0.007125*0.35 = 0.00249375 BTC

And Paul would earn (10%) of Maria’s L1 referral 0.007125*0.10 = 0.0007125 BTC

referral referral

The Referral Bonus is deducted from the trading fees and is sent to the referrer’s balance. Bonuses are paid instantly on completion of each trade. Instant bonuses and the two-tier Referral Bonus system are two exciting features of Centralex and are sure to attract a regular stream of new users to the platform

4.9 COMMUNITY

In order to establish the brand and subsequently increase brand awareness, the Centralex Marketing and PR Teams will develop an organic following by engaging with the crypto community, sharing news, updates and articles on the most common financial/trading and crypto networking platforms.

Centralex also aims to involve the community in special promotions, bonuses and events.

People who manage Centralex Communities will not be left to fend for themselves. The Centralex marketing team will have a specialized, dedicated wallet for community support and management. Centralex hold their online communities in high regard and will strive to link communities together to create smooth content and an effective news sharing network.

4.10 BOUNTIES

Centralex will reward people who discover and report bugs, security issues or other problems with the Centralex platform and connected systems. The reward will be determined based on Centralex Company Policy. By offering such security bounties, Centralex will develop a more robust and secure platform. All bounties will be rewarded in our native CenX token.

05. TRANSPARENCY

5.1 TRANSPARENCY IN OUR DNA

Transparency is of paramount importance and the Centralex Team aims to be as transparent as possible in all of its operations. Centralex recognizes that building trust through transparency is critical to the success of the project and to honor this commitment, there will be a webpage dedicated to transparency and transparency-related initiatives.

5.2 FINANCIAL PROJECTIONS

The CenX token will be launched with the ILO price of $0.03/ Token. The following projections have been included to demonstrate the company potential values, which in turn translate to a higher valued token. To give a better understanding of our financial projection please see the datasheet below.

YEAR 2021 2022 2023 2024 2025
Revenue $14,689,928 $22,034,892 $33,052,338 $49,578,507 $74,367,760
Rewards ($3,672,82) ($5,508,723) ($8,263,084) ($12,394,627) ($18,591,940)
Salary ($1,560,000) ($1,872,000) ($2,246,400) ($2,695,680) ($3,234,816)
Rent ($120,000) ($132,000) ($145,200) ($159,720) ($175,692)
Develop Cost ($240,000) ($288,000) ($345,600) ($414,720) ($497,664)
Marketing Cost ($480,000) ($576,000) ($691,000) ($829,440) ($995,328)
Legal Cost ($480,000) ($576,000) ($691,000) ($829,440) ($995,328)
Travel Cost ($5000) ($6,250) ($7,500) ($9000) ($10,800)
Audit Cost ($112,000) ($112,000) ($112,000) ($112,000) ($112,000)
General Cost ($20,000) ($25,000) ($31,250) ($39,063) ($48,828)
Profit $8,000,446 $12,938,919 $20,518,903 $32,094,818 $49,705,364
Discount Rate 0.8696 0.7561 0.6575 0.5717 0.4972
Present Value $6,957,188 $6,957,188 $13,491,179 $18,348,607 $24,713,507
Total Present Value $73,293,598
Token Price $0.15

Note:

1. We assume the volumes of 24 hours the same as Top 100 cryptocurrency Exchange in 2021. And it will increase 50% every year in the future four years.
2. Rewards are 25% of the revenue.
3. Salary “Develop Cost” Marketing Cost and Legal cost will increase 20% every year in the four years.
4. Rent will increase 10% every yearn the four years.
5. Travel cost and general Cost will increase 25% every year in the next four years.
6. Audit Cost will be constant each year.
7. Discount rate in 15%.

06. ROADMAP

Q4

2020 (CenX Token)

Centralex Smart contract design, development and audits.

2020 (Partnerships)

Various partnership signups

2020 (Token Sale)

Pre-sale CenX token

2020 (Listings)

Public exchange listings

Q1

2021 - (CEN-SMARTCHAIN Phase 1)

Research and development in unique blockchain solution

Q2

Begin of Q2 -2021 (CEN- SMART-CHAIN Phase 2)

Launch CEN-Chain test net

End of Q2 – 2021 (CEN-SMARTCHAIN Phase 3)

EXCHANGE LAUNCHPublic Token Offering On Centralex Platform.

Q3

2021 (Dapps)

Cen-Smart-Chain Dapps - research and development

EXCITING TIMES

NEW SERVICES LAUNCHForward Direction.

Q4

Q4 – 2021 (CENPAY)

CEN-Pay, research and development of various payment gateways with active Dapps on Cen- Smart-Chain

Q1

2022

Many exciting products to come

01. EXECUTIVE SUMMARY

At the time of writing of this whitepaper, the global market capitalization of cryptocurrency is roughly US $280 billion with an average daily exchange volume of US $57 billion. Many of the top exchanges are no more than two years old and those with the top volume are continuously changing. This indicates that the crypto exchange market remains very competitive and even ten years on from the birth of bitcoin, new exchanges still have a decent chance of becoming a major market player in the cryptocurrency ecosystem.

From late 2017 to early 2018, cryptocurrency experienced a massive upturn. During this period, a slew of both legitimate start-ups and greedy opportunists flooded the space with token sales and ICOs, offering investors a dazzling array of ambitious crypto projects. Massive amounts of capital were raised as a result of this new unregulated method of raising capital. While some of these crypto projects eventually developed into beautiful flowers, the vast majority never sprouted at all.

Taking time to learn from the successes and more importantly the mistakes of other projects has played a key role in the planning of Centralex. The Centralex Team took over a year to carefully develop their business strategy and acquire the necessary funds to start work on their project. As a result of this process, Centralex has successfully produced a pioneering game plan for their exchange, payment platform and cryptocurrency.

Presently, most large crypto exchanges do not cater their services to both beginners and professional trad- ers. Basic crypto exchanges, suitable for novice users, often offer poor exchange rates for customers and fail to provide critical features for their users. Advanced trading sites, on the other hand, are too intimidating and complicated for beginners to start their crypto journey. One of the most salient features of Centralex Exchange is that it caters to both novice and professional traders

Top Cryptocurrency Derivatives Exchanges

Rank Name Volume(24h) Maker Fees Taker Fees Launched
01 Binance $4,084,246,274 0.02% 0.04% Jul 2017
02 Bitmax $1,564,864,226 -0.025% 0.075% Apr 2014
03 Houbi Global $1,446,204,080 0.02% 0.04% Sep 2013
04 Bybit $870,554,823 -0.025% 0.075% Mar 2018
05 OKEx $618,612,897 0.02% 0.05% Jan 2014
06 ZBG $616,573,353 -0.025% 0.075% Jul 2018
07 FTX $514,087,470 0.02% 0.07% Feb 2019
08 Phemex $332,888,873 -0.025% 0.075% Nov 2019
09 Deribit $188,916,338 -0.025% 0.075% Jun 2016
10 BTSE $57,272,619 0.05% 0.1% Sep 2018
11 BaseFEX $46,346,097 0.02% 0.06% Dec 2018
12 Kraken $35,276,269 -0.02% 0.075% Jul 2011
13 dYdX $959,472 -0.025% 0.075% Apr 2019
14 Bitfinex $527,906 -0.02% 0.075% Oct 2012

Source: CoinMarketCap

02. PROBLEMS CRYPTO TRADING PLATFORMS

2.1 USER FRIENDLINESS

The current community of cryptocurrencies is steadily growing yet the ecosystem itself is still at an early stage of mass adoption. Centralex believes the main obstacle to wider adoption is partially rooted in the way companies promote themselves: They cater to either professionals or novices but rarely both. The professional exchanges are geared to serve that small percentage of the population that already have a deep understanding of how crypto exchange platforms work. Meanwhile exchanges that offer a “simple mode” usually have additional service charges and much higher fees than their more complicated counterparts. Platform user friendliness for all levels of user is clearly an area that needs improvement.

2.2 SAFETY

The usage of cryptocurrencies in the current environment usually requires some degree of technical skill and understanding of security. Further, consumers are asked to place their trust in a system which is unlike anything they may have previously used. This can be intimidating and is in all probability a good reason why both curious and qualified people hesitate to join crypto markets. Furthermore, security hurdles make it dif- ficult for new users to sign up, log in and use exchange platforms. Also problematic is the fact that different platforms have different security requirements. This is likely to confuse beginners.

2.3 CUSTOMER SERVICE

The customer service provided by most exchanges can only be described as wholly inadequate. Many sites direct you to their FAQ page or helpdesk pages first before ever offering the chance to get a service ticket or contact details. Some sites even require you to sign up to a separate helpdesk website altogether. Many us- ers likely get frustrated when they find they are unable to contact customer support quickly and directly when they really need to. Others become annoyed at being endlessly passed around but never getting anywhere near a solution. There is a clear need for a more responsive customer service approach.

2.4 TRADING TOOLS

Unlike the normal stock exchange which is open from 9 a.m. to 5 p.m and closed on holidays, the crypto mar- kets run 24/7 every day of the year. This puts a high strain on crypto traders because they must be constantly active in order to follow the markets. There is no downtime. Consequently, holiday periods can be stressful for crypto traders. Crypto exchanges currently lack the right tools and features to help traders free up time, alleviate stress and dissolve their fear of seeing their portfolio drop 10-30% on a day off.directly when they really need to. Others become annoyed at being endlessly passed around but never getting anywhere near a solution. There is a clear need for a more responsive customer service approach.

2.5 SPEED

For exchange users, speed issues can be an emotional and disturbing issue. If a website or program loads slowly, users naturally feel there is something wrong and frustration ensues. Most of the time, the delay is simply a result of a lagging script, but knowing this does not alleviate the frustration. For advanced traders and crypto whales, fast order response times and an equally responsive trading/matching engine are of critical importance because a few nanoseconds could mean the difference between a big win and a devastating loss.

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2.6 POLICIES

Effective policies are required at all levels of crypto exchanges, but the graph below makes quite clear, not all exchanges follow industry standards or even have proper legal foundation. The industry is still largely unregulated and as a result, there is wide variation among exchanges in terms of team/data quality, security systems and compliance with benchmark standards. Indeed, a lot of major exchanges do not possess the right tools or infrastructure to safely operate. This increases risk for all users.

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2.7 FEES

Trading fees in the crypto world vary from 0% (both maker and taker) on CoinCheck to 1% fees (maker and taker) at LocalBitcoins. Fiat to crypto services usually incur fees, which range from 1% to 6%. Although many exchanges are transparent about their fees, the large range of fees indicate they are not using fees as a means of competing for more market share.

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03. Solutions

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3.1 TECHNOLOGY

Many exchanges market their product by emphasizing transactions per second. Trading speed is a combination of latency, order matching and user interface. Centralex will focus on improving speed, scalability and ease of trade. Further, Centralex will afford users the best technology available to meet the growing needs of its expanding user-base.

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3.1.1 USER INTERFACE STATUS

To ensure the best connection speeds and low latency for advanced traders, Centralex will add a small indi- cator, similar to a traffic light, with the order latency in milliseconds (ms). The indicator will be green if the connection is fast, yellow if the connection has issues and could be improved, and red if the connection has a high delay or interruptions.

3.1.2 DESKTOP APPLICATION

Centralex will release a custom desktop application with extra security layer that allows any connected device to become a trade display without having to log in to Centralex. The Centralex Team understand that many traders do not refer to a single exchange or set of statistics but rather follow several markets at the same time. Centralex will create a UI and API implementation to allow users to follow these markets within the application itself. Centralex platform will also provide market analysis and prediction systems.

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3.2 BASIC EXCHANGE MODE

3.2.1 SIMPLE MODE

For novice traders, Centralex will create a Simple Mode (SM). This simple UI mode will be available on all platforms and will allow users who want to trade or exchange with just a few clicks the op- portunity to actually do so. This simplified mode requires no special knowledge. Similarly, basic usage of the platform, including login, registration, KYC formalities will also be fast and hassle free.

3.2.2 FIAT DEPOSIT AND WITHDRAWAL

To improve services, Centralex will give users the opportunity to directly deposit and withdraw certain fiat currencies. This will open a gateway that will enable both novice and advanced cryptocurrency traders to have their crypto portfolios connected to their mainstream banking systems.

3.2.3 EASY EXCHANGE AT MARKET PRICE

A large number of crypto users simply want to be able to get in and out of crypto positions with as little hassle as possible. Centralex believes offering a simple exchange interface and fair market-price trading will serve to attract new users to their trading platform.

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3.3 ADVANCED MODE

3.3.1 ADVANCED TRADING TOOLS

Centralex traders will be offered a choice of preset trading automation tools to simplify trading. There will also be a wide variety of more advanced trading tools available for professional traders.

Charting tools and overviews will help the trader decide when to place a trade order and when to jump in and out of the market.

Market prediction tools will be optional features of the Centralex Exchange. These can be used as training tool to help users gain trading experience. Centralex will use machine learning and artificial intelligence to constantly improve their prediction systems.

3.3.2 ORDER VOLUME SELECTOR

The user should be able to modify order volume using a selector. Centralex will allow users to add five cus- tom percentage tabs.

Larger crypto traders do not necessarily want to trade 25% (minimum) because 25% of a $10,000 Bitcoin is seen as a large trade. Users should be able to set their own percentages to suit their particular needs. They may choose 20% - 40% - 60% - 80% and 100% or 5% - 10% - 20% - 50% - 100%, or any other set of five that they feel best fits their trading requirements.

Giving the user five personalized pre-sets will improve usability and will surely be an attractive feature for all traders.

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3.3.3 AMOUNT INPUT OPTIONS

The amount field can be a minefield in terms of mistakes and limitations. This field should accept multiple types of input:
• Percentages (%) as a calculation rule
• Paste values (clipboard)
• Previous amount history

3.3.4 STANDARD TRADING FEES

Currently, standard trading fees are set to: 0.095% maker and 0.085% taker fee. This fee is calculated depending on the volume of the order placed.

Example pair BTC / USD:

*0.01 = 1% fee, *0.001 is 0.1% fee, 0.01% is * 0.0001 so respectively *0.00095 would be the Maker fee and *0.00085 would be the Taker fee.

Sell order placed of 1 BTC (at $10,000.-) Buy order (1 BTC) placed of $10,000.- Order has been matched.

Amount deducted from BTC = 1*0.0095 = 0.00095 BTC. The taker receives 0.99905 BTC and the maker re- ceives $ 9991.5 USD.

3.3.5 PARTIAL ORDER MATCH

With a partial match of an order, the fee is calculated in the same manner but only on the part of the trade that has been executed. The same total fees will apply once the full order is filled as would apply had the order been fulfilled with a single order match.

EXAMPLE:

Sell order placed of 1 BTC Buy order placed of $5,000. Order has been matched (partially). (Matching price of BTC was $10,000 per BTC)

Maker:
Fees = 5000 * 0.00085 = 4.25
Maker receives $4,995.75 (5000-4.25)

Taker:
Fees = 0.5 BTC * 0.00095 = 0.000475
Taker receives 0.499525 BTC (0.5 - 0.000425)

3.4 SECURITY

3.4.1 ARTIFICIAL INTELLIGENCE

Centralex will use machine learning and artificial intelligence to constantly improve the risk engine inside the trading platform. The risk engine is a key factor for maintaining a secure and robust trading platform. Centralex will also use artificial intelligence to make improvements in the areas of customer support, user experience and trading predictions.

3.4.2 NO PASSWORDS OR KEYS STORED

To reduce the impact of security breaches, Centralex will not store any user passwords or private keys on their servers. Instead, they will use blockchain and cryptographic technology to both confirm identity and conduct transactions or trades. This will also actively deter hackers and identity thieves from attacking the Centralex platform in order to steal digital assets or private user information.

3.4.3 DISTRIBUTED LIQUIDITY

To allow for CET and also improve security in distributing liquidity, Centralex is developing a proof of con- cept method on blockchain for distributing liquidity to trusted exchanges. Centralex will launch this feature together with the Centralex Desktop Application.

3.4.4 SECURITY ACCEPTANCE TESTING

Centralex uses rigorous security and stress testing tools to ensure their users enjoy stable performance and the highest degree of safety while they are on the platform. By adopting best practices in security and con- stantly improving on its existing safety infrastructure, Centralex will become a highly trusted market leader that continues to expand well into the future.

3.4.5 USER DASHBOARD INFORMATION

Users will see certain security details upon logging in to their dashboard. There will be a window with the world map and marker with their last login location, IP and browser type (icon). A smaller window will show a list of the previous five logins, IPs and browsers used (icons). Centralex believes that visual aids showing important security information can help lead to better understanding and prevention of security risks.

3.4.6 SECURITY REVIEWS AND POLICIES

Due diligence is paramount for Centralex, and an integral part of that commitment is transparency with re- gard to its policies, liquidity, and assets.

Blacklist integration will help prevent hackers and criminals from depositing and using their funds on Centralex Exchange. This is a constant but worthwhile endeavor that ensures safety for both the Centralex Exchange and the entire crypto community.

To further ensure platform safety and stability, Centralex will hire professional auditors to evaluate and test the entire project. Besides such auditing, Centralex will regularly invest in training for the entire develop- ment team in order to improve risk management capabilities.

3.4.7 SECURITY PROTOCOLS

Protocols are required on all levels of management and development to ensure product quality and security. Various protocols are invoked to restrict or manage access to sensitive information. For key components in the development and setup, Centralex uses external and licensed partners that comply with all rules and regulations required by financial authorities. Centralex handles security as a bank would, and hence the team puts security first no matter the cost.

3.4.8 SMOOTH AND SECURE

Beyond security matters, Centralex chooses to have the fastest and smoothest user experience on their web- site and platform. Centralex will set performance markers to ensure system quality and have a smart-mon- itoring system that will notify the development team immediately if performance lags. By leveraging AI, Centralex will strive to constantly improve their quality of service.

3.5 DESIGN FOCUS

The user interface design will be peer tested, reviewed and updated before the product is launched. This will ensure the platform has the desired look, feel, and ease of use. The aim is for the user interface to be an intuitive masterpiece that every user will feel comfortable using.

user_Image

3.6 MATCHING ENGINE

Centralex will build a custom order-matching engine that will improve matching speed, scalability and performance. They will leverage the latest in hardware acceleration to reduce hardware related limitations, thereby allowing Centralex to address several critical issues related to order book performance.

3.7 COMPLIANCE ORDERBOOK

To comply with local and international laws, Centralex will ensure countries with trade embargoes or trade restrictions imposed against them will have separate order books to prevent direct trading with them. This will ensure Centralex are compliant with rules and regulations of key nations, which will prevent possible legal issues further down the road.

3.8 EMBARGOED COUNTRIES

By default, countries subject to U.S. embargoes or sanctions are restricted from the exchange unless for- mally authorized by the U.S. Government. The current list of restricted countries includes Belarus; Central African Republic; Cuba; Democratic Republic of the Congo; Eritrea; Iran; Iraq; Lebanon; Libya; North Korea; Somalia; Sudan; Syria; Venezuela; Yemen; and Zimbabwe. This list of embargoed nations is subject to change at any time.

04. Customer Service

4.1 BROAD CONTACT SPECTRUM

4.1.1 SOCIAL MEDIA

Centralex will maintain a constant presence on the most active social media channels to allow for effective direct marketing to potential customers. Centralex will use these channels for sharing news and updates on development and new features. More importantly, customers will be able to use social media to contact customer support via a dedicated customer support channel.

4.1.2 CUSTOMER RELATIONS MANAGEMENT SYSTEM

To give users the best service Centralex will develop its own Customer Relations Management system (CRM) specially designed to service Centralex users. Having a custom-built and efficient customer support system will improve user satisfaction, something Centralex considers a top priority.

4.1.3 TICKET SERVICE

To contact customer support, users will fill in a ticket. Centralex will categorize tickets according to the steps taken to contact support. The tickets will then be automatically delivered to the correct department. This process will improve response times and increase customer support efficiency overall, resulting in a higher level of customer satisfaction.

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05. User Experience - User Interface (UI/UX)

Dashboard_Image

06. Marketing

6.1 INCENTIVES

Centralex will reward users who refer others to sign up and use Centralex Exchange and related services.

Unlike competing exchanges, Centralex offers a two-level rewards system in that users not only earn re- wards based on who they referred, but also on those their referrals refer. The attractive rewards offered by this incentive program will encourage users to expand their network, thereby helping the Centralex userbase to grow at a much faster rate than would normally be possible.

6.2 COMMUNITY

The Centralex Marketing and PR Team will regularly share news, updates and articles on the most common social networking platforms related to finance, trading and crypto platforms. By being a frequent contributor to these social networks, Centralex will establish its name and increase its brand awareness. In addition, Centralex will involve the community by offering special promotions and bonuses, as well as sponsoring special events.

6.3 BOUNTIES

People who manage Centralex Communities will be well supported. The Centralex Marketing Team will have a specialized bounty wallet for community support and management.

Centralex holds their online communities in high regard and will endeavor to connect communities in order to create an efficient content and news sharing network.

Centralex will reward people who discover and report bugs, security issues or other problems with the Centralex platform and/or connected systems. The reward will be determined based on Centralex Company Policy. By offering such security bounties, Centralex will develop a more robust and secure platform.

07. Project State

At time of writing, the Centralex Project has finished their company setup and received the funding to both develop the exchange and request basic licenses.

The software development company that will build the Centralex platform will finish the pre-development phase soon and will start actual development in early October 2019. During the pre-development phase, Centralex will complete their landing page, as well as house style and graphic designs so as to give future partners and investors a complete overview of pending developments.

08. ROADMAP

2018

Company registration - The Idea was Born

2019

Market research & development, Technical analysis of Entire Ecosystem

2019 Q4

Creation of the Development team and the Design of the Platform.

2020 Q1

Platform development started.

2020 Q2

Seeking out and Creating Strategic Partnerships with other projects and exchanges, whilst the platform is being developed.

2020 Q3

ILO of Native Token &- Pre-sale CENX.

2020 Q4

Beta testing - Live trading on Centralex at the end of the ILO

2021 Q1

Official Platform Launch.

2021 Q2

New Features development – Futures Trading – CenX smart chain Development.

2021 Q3

Cenx Smart chain launch.

09. Risk Management

9.1 DEVELOPMENT

Developing and operating a cryptocurrency platform has many risks. The main directive of Centralex will be to prevent incidents at all costs, but should an incident occur, Centralex will strive to ensure the effects are negligible and make every effort to minimize any associated risks. Centralex takes safety, security and stability of their exchange very seriously and has therefore acquired the best teams available to develop and maintain its platform.

9.2 RISK OPERATIONS

To handle issues in and around development and operations, a playbook/manual is available for each type of event to ensure proper resolution of issues. Risks are categorized according to different levels of impact, and it is the defined level of impact that will decide the approach to be taken. Impact is measured in percentage (%) of users affected.

A problem that affects 2% or more of customers is considered a high priority case and will demand immedi- ate action. 34 www.centralex.com

In such cases, executive management and departmental management will be summoned to find a solution to the issue. A problem that affects 0.01 to 2 % of customers is considered a medium priority case. Such cases will require only the executive of the affected department to be notified. A problem that affects less than 0.01% of the customers is deemed a low priority case, but will be considered a high priority ticket for the development and testing teams.

9.3 ADVANCED RISK MANAGEMENT TOOLS

To ensure a better user experience, best performance and a high level of safety/security, Centralex will use a special algorithm and high-level programming to automatically detect and effectively mitigate any threats to the platform. As a result of these efforts, the Centralex Team will be in a better position to actively deter an expanding variety of threats in the future.

9.4 EXTERNAL ANALYSIS AGENTS

To ensure platform security and integrity Centralex will have the platform monitored and tested by third-par- ty security professionals and firms. These parties will constantly monitor for suspicious activities on all blockchains and cryptocurrencies offered by Centralex.

10. Conclusion

Current crypto trading and exchanging platforms lack speed, ease of use, function, and transparency. Some also charge exorbitant fees for trading and other services. Established exchanges often view crypto traders as if they were normal stock, commodity and forex traders. As a result, they miss an important opportunity. Crypto trading is a 24/7, 365-days-a-year business – unlike traditional markets. Cryptocurrencies, crypto exchanges and trading platforms may very well be available everywhere in the world, but at this point they do not yet cater to the world.

Centralex intends to change all that. Centralex hopes to revolutionize the cryptocurrency industry by offering a feature-rich platform, an intuitive user interface and an unparalleled user experience, while at the same time improving security, performance and speed. Their state-of-the-art platform will make cryptocurrency easy to use and accessible to all, providing a much needed gateway for widespread adoption.

01. EXECUTIVE SUMMARY

Over the past decade, the use of cryptocurrencies has grown from simple ledger-to-ledger transactions to full fledged decentralized smart platforms. With these technological advances, certain trends within the crypto ecosystem have emerged. One of the current trends is crypto exchanges and, similar to initial coin offerings, people have scrambled to invest in and support the innovative ideas and plans of aspiring start-ups.Unfortunately for investors, precious few of these projects have actually reached the completion stage.

To ensure the success of the project, Centralex has built and developed their cryptocurrency and exchange platform using their own funds and expertise. Centralex is not in the business of simply offering ideas; rather, the team is deeply invested into the process of producing real crypto-related solutions while maintaining a transparent business model.

Unlike other token projects, true token utility and robust airdrop models are some of the defining features of the CenX token. Centralex will create its own smart blockchain in the future, whilst that is in development. We have opted to launch the CenX token on the ERC- 20 network as this offers a safe, secure and stable ecosystem.

02. PROBLEMS: EXCHANGES / TOKENS

2.1 BACKING

Some of the exchanges existing in the market today do not offer their respective token holders any incentive to hold on to the tokens, apart from some temporary benefits or discounts. There is very little in the way of long-term use cases for their proprietary tokens/coins. What is of even greater concern is the fact that these same currencies are backed by nothing more than trust in the exchange itself.

Bitcoin, Litecoin and Ethereum are backed by proof of work, which requires a vast number of miners and a considerable investment in hardware to keep the network secure. The fact that they are decentralized blockchains makes it very difficult for governments to shut down. Moreover, the costs needed to conduct a 51% attack on the Bitcoin blockchain, for example, are prohibitive rendering such an attack highly unlikely. These important features build trust.

Some of the exchange tokens/coins, on the other hand, lack any such trust-building attributes; they neither require much of an investment nor are they backed by anything of value.

2.2 UTILITY

Due to the lack of actual use cases and the fact that few exchange tokens/coins are accepted as a payment option, the lifespan of many coins and tokens is likely to be very short. Centralex believes this is harmful to the cryptocurrency ecosystem as a whole, as it stifles innovation and hampers cryptocurrency adoption. Moreover, some crypto developers with dubious intentions, lacking any authentic use case, eventually pump and dump their own tokens for their own benefit, leaving many of their investors high and dry. This clearly has a negative impact on the reputation of the industry. The Centralex Team firmly believes in developing a genuine use case, as well as promoting and expanding user adoption through user-friendly solutions.

2.3 EXCHANGE FEATURES

The Cryptocurrency exchange ecosystem is continuously changing. They may offer only a very limited range of services, or even a single service, in an already niche market. Crypto exchanges routinely engage in the detrimental practice known as market spreading in an effort to increase their turnover and growth. These types of practices do little to increase adoption of cryptocurrency in the long run. Other exchanges are constantly adding more currencies and trading pairs. This approach may be attractive to existing users, but it does little to promote wider adoption or encourage non-crypto users to get involved.

2.4 LIQUIDITY

For a cryptocurrency exchange or any other business to survive, it requires liquidity.

The problem with token liquidity is that the token creators don’t lock away a minimum amount of liquidity to support their token, which means that token holders do not have a guarantee if they need to withdraw their funds for whatever reason they see fit.

03. SOLUTIONS

Centralex Token (CenX) is not your typical exchange token that you see on the market today. It is unique in that it will be not only a utility token used on the platform natively to activate discounts on trading fees it will support the value proposition of the CenX token by offering token holders a voting feature when there are certain actions required. EG. CenLock™ - the staking mechanism to be explained further down.

The CenX token will have the effect of creating a motivation for token owners to hold their tokens for longer periods of time. Creating a Stable and liquid base for Centralex, affording the team the means to continue developing more innovative crypto based solutions for many years to come.

The CenX token (CenX) has utility, staking rewards, and governance built in.

3.1 CENTRALEX UTILITY

The CenX token is the primary medium of exchange used for transaction fees on the Centralex Exchange.

3.2 CEN-SplitTM REWARD PROGRAM

One of the incentives to buy and hold CenX tokens will be the reward mechanism, which will grant quarterly rewards to CenX token holders. Rewards will also give CenX token holders a meaningful interest in the growth of the platform.

To ensure a fair and transparent distribution, Centralex will divide and distribute the rewards among the Centralex token holders via the CEN-CHAIN which will be a publicly accessible Ledger. The CEN-Split™ Airdrop rewards will be issued as CenX tokens directly to token holders’ wallets.

The total amount of the rewards will be of the equivalent value of 6.5% of the exchanges total fees paid in CenX tokens quarterly. This in turn helps back the token.

Reserved balances belonging to the Centralex Team are not eligible for staking rewards.

3.3 CENTRALEX LOYALTY PROGRAM (STAKING)

Every transaction paid in CenX tokens, the CenX token stakers or holders will be rewarded by our CEN-SplitTM Airdrop Program where every day our system will create a snapshot of our token holders’ wallets, which will then be used to automatically distribute staked earnings to the stakers wallet. The staking rewards schedule will closely follow the Bitcoin halving model where each year the amount of rewards returned is “halved”

Interfacing with the ERC-20 smart contract is the CenX staking contract. The CenX staking contract enables users who are staking CenX to start receiving up to 25% of the transactional CenX fees received on the Centralex Exchange for trades.

The first year, the CenX staking rewards will be pegged to 25%, and then halved each year thereafter. This makes the first few years of staking the most advantageous for early adopters.

The halving schedule will proceed as follows:

graph-1

Staking rewards can amount to huge returns for stakers. If Centralex were to achieve a top 100 exchange status by having $25,000,000 USD of transactional trading volume per day, with 1% trading fees, the first year at 25% this would result in $22,812,500.00 USD in staking rewards for stakers on the network.

3.4 DEFLATIONARY TOKEN

The CenX token is a deflationary token, and much like the staking rewards will follow a yearly “halving burn rate. Every transaction where CenX is used on the Centralex exchange for transactional fees will result in a specific percentage of the token supply being burned. The burn will start at 5% and will halve each year thereafter. This decrease the total supply of CenX, thus increasing the scarcity of each token.

graph-1

3.5 CENX GOVERNANCE

CenX aims to be a community managed project, which means that CenX token holders will have governance and voting features on future implementations of the CenX exchange. For example, CenX holders will be able to voice their opinion for upcoming coins, tokens and other projects to be listed on the Centralex exchange.

04. CENTRALEX TOKEN

4.1 TOKEN SPECIFICATION

Blockchain base: Ethereum ERC 20 Token
Token Provider: Centralex Holdings Limited
Token Capacity: 500,000,000 tokens
Abbreviation: CENX
Symbol: Symbol

Initial Product Offering 500,000,000 CenX
Reserved 55% ILO & UniSwap LPool 275,000,000 CenX
Reserved 5.5% Community Airdrop 27,500,000 CenX
Reserved 25% Founders & Team 125,000,000 CenX
Reserved 5% Bounty Program 25,000,000 CenX
Reserved 9.5% Legal & Marketing 47,500,000 CenX
Total 500,000,000 CenX

4.2 CENTRALEX TOKEN: PRIVATE OFFERING

Before the launch of the exchange, Centralex will start the Private presale offering. There will be 27.5% of total token in circulation offered. During this period, Centralex token will only be offered to a select group of early adopters who have been specially invited to attend CEN-Connect™ events.

To ensure compliance, Centralex partnered up with a third-party KYC/AML provider (Fractal ID) who is able to offer us a premium KYC/AML solution.

4.3 TOKEN PUBLIC LISTING

After the private sale has been concluded, there will be an additional 27.5% of the tokens listed on the UniSwap public exchange. These tokens will be available immediately for trading. In order to ensure there is liquidity in the UniSwap trading pool, Centralex will commit up to 60% of all raised funds from the private presale to be allocated to the liquidity pool created on UniSwap. UniSwap is a tried and trusted DeFi platform. This solution addresses the liquidity problem we highlighted earlier.

4.4 UNSOLD ILO TOKENS

In the case of unsold ILO tokens, Centralex will not let these tokens go to waste. Instead Centralex will distribute the tokens between Bounties, Partner Project's and Treasury.

4.5 CENTRALEX COIN UTILITY

The CENX token is the primary medium of exchange used for transaction fees on the Centralex exchange.

4.6 PROOF OF TRADE (REWARDS)

In order to boost trading volume and market making, during the Beta phase Centralex will offer for the 1st month of trading, all transactions will attract a 0% fee schedule.

There after the beta stage the normal Centralex fee schedule will be applied. In which case user paying for their transaction fees in CenX tokens will receive a 25% discount on fees.

4.7 DISCOUNTED EXCHANGE FEES

Once the period of proof-of-trade rewards is over, Centralex will start charging trading fees according to the table below. Users will get a discount if they choose to use Centralex Tokens to pay their trading fees.

To achieve the goal of using CenX as a payment for the transaction fees, Centralex requires a trading pair with each token/coin/fiat and the Centralex Token. The calculation of trading fees in CenX is then simple.

Example pair BTC / USD:

Standard Fee Applied:

For this example, we are using a value of 1 BTC = $10,000.00 If a buy order is placed for 1 BTC the maker fees would be = $10,000.00 x 0,095% = $9.5 (0.00095 BTC)

Discount fee Applied:

For this example, we are using a value of 1 BTC = $10,000.00

25% discount is applied to the 0.095% = (0.095 x 0.25 = 0.02375 there for the discounted % fee = 0.02375) Therefore the new rate is 0.07125%

If a sell order is placed for 1 BTC the maker fees would be = $10,000.00 x 0,07125% = $7.12 (0.0007125 BTC)

All these fees would be deducted from the users CenX wallet if they choose to pay for fees with CenX tokens.

chart

If the user does not have enough CenX balance, the system will automatically warn them that the balance they have to trade exceeds the CenX available to cover the trade. Before any trade, when the user is on the dashboard, Centralex will do a virtual check to ensure the amount of CenX available in the user’s account is sufficient to cover a trade involving the full coin/token balance.

4.8 REFERRAL PROGRAM

As a marketing strategy, the referral system offers a cost effective way to attract new customers at a fair price. This is accomplished by continuously rewarding users with a bonus paid in Centralex Coins every time one of their L1 or L2 referrals makes a trade.

In order for the referral program to work the user needs to hold at least $100 worth of CenX tokens in their wallets and completed our KYC/AML procedure provided by Fractal ID. Users will earn up to 25% share of the fees collected by L1 referrals and 5% of the fees collected from their L2 referrals – This applies to referrer’s holding less than $7500 in the equivalent CenX tokens. This will encourage users to build out their own referral network resulting in an expanded userbase for Centralex.

To make it even more interesting for our token holders, Centralex came up with a strategic plan to offer even more referral bonusses by implementing a ongoing VIP referral system.

A VIP user will earn up to 35% of the fees collected by L1 VIP referrals and 10% of the fees collected from their L2 VIP referrals if they hold more than $7500 in the equivalent of CenX tokens.

This will encourage users to hold more of the CenX token and build an even stronger referral network resulting in an expanded userbase for Centralex.

HOW IT WORKS

Let’s first review how the fees are calculated for our basic and VIP referrals.

EXAMPLE:

A user makes a trade for 1 BTC. Fees amount to Volume Traded * Fee, so Fees = 1 * 0.00095 = 0.00095 BTC (The taker receives 0.99905 BTC.)

BASIC REFERRAL

John, a Centralex user and holds less than $7500 USD in CenX tokens, successfully recruits his friend, Sarah, to join Centralex. She becomes his L1 referral.

She then trades 1 BTC; again, the fee for this transaction is 0.007125 BTC (when fees are paid in CenX 25% discount is applied). As his L1 Referral Bonus, John will receive 25% of the trading fee, or 0.007125*0.25 = 0.00043125 BTC

The Referral Bonuses for John don’t stop there. Let’s say Sarah recruits her friend, Mike, to Centralex. Mike becomes John’s L2 referral, and as such John will enjoy a 5% L2 Referral Bonus on all the trades Mike makes. Sarah, of course, will receive the 25% L1 Referral Bonus every time Mike makes a trade.

Therefore, Sarah would earn (25%) 0.007125*0.25 = 0.00043125 BTC

And John would earn (5%) of Sarah’s L1 referral 0.007125*0.05 = 0.00035625 BTC

referral referral

VIP Referral

Paul, a Centralex user and holds more than $7500 USD in CenX tokens, successfully recruits his friend, Maria, to join Centralex. She becomes his L1 referral.

She then trades 1 BTC; again, the fee for this transaction is 0.007125 BTC (when fees are paid in CenX 25% discount is applied). As his L1 Referral Bonus, John will receive 35% of the trading fee, or 0.007125*0.35 = 0.00249375 BTC

The Referral Bonuses for Paul don’t stop there. Let’s say Maria recruits her friend, Bob, to Centralex. Bob becomes Pauls’s L2 referral, and as such Paul will enjoy a 10% L2 Referral Bonus on all the trades Bob makes. Maria, of course, will receive the 35% L1 Referral Bonus every time Bob makes a trade.

Therefore, Maria would earn (35%) 0.007125*0.35 = 0.00249375 BTC

And Paul would earn (10%) of Maria’s L1 referral 0.007125*0.10 = 0.0007125 BTC

referral referral

The Referral Bonus is deducted from the trading fees and is sent to the referrer’s balance. Bonuses are paid instantly on completion of each trade. Instant bonuses and the two-tier Referral Bonus system are two exciting features of Centralex and are sure to attract a regular stream of new users to the platform

4.9 COMMUNITY

In order to establish the brand and subsequently increase brand awareness, the Centralex Marketing and PR Teams will develop an organic following by engaging with the crypto community, sharing news, updates and articles on the most common financial/trading and crypto networking platforms.

Centralex also aims to involve the community in special promotions, bonuses and events.

People who manage Centralex Communities will not be left to fend for themselves. The Centralex marketing team will have a specialized, dedicated wallet for community support and management. Centralex hold their online communities in high regard and will strive to link communities together to create smooth content and an effective news sharing network.

4.10 BOUNTIES

Centralex will reward people who discover and report bugs, security issues or other problems with the Centralex platform and connected systems. The reward will be determined based on Centralex Company Policy. By offering such security bounties, Centralex will develop a more robust and secure platform. All bounties will be rewarded in our native CenX token.

05. TRANSPARENCY

5.1 TRANSPARENCY IN OUR DNA

Transparency is of paramount importance and the Centralex Team aims to be as transparent as possible in all of its operations. Centralex recognizes that building trust through transparency is critical to the success of the project and to honor this commitment, there will be a webpage dedicated to transparency and transparency-related initiatives.

5.2 FINANCIAL PROJECTIONS

The CenX token will be launched with the ILO price of $0.03/ Token. The following projections have been included to demonstrate the company potential values, which in turn translate to a higher valued token. To give a better understanding of our financial projection please see the datasheet below.

YEAR 2021 2022 2023 2024 2025
Revenue $14,689,928 $22,034,892 $33,052,338 $49,578,507 $74,367,760
Rewards ($3,672,82) ($5,508,723) ($8,263,084) ($12,394,627) ($18,591,940)
Salary ($1,560,000) ($1,872,000) ($2,246,400) ($2,695,680) ($3,234,816)
Rent ($120,000) ($132,000) ($145,200) ($159,720) ($175,692)
Develop Cost ($240,000) ($288,000) ($345,600) ($414,720) ($497,664)
Marketing Cost ($480,000) ($576,000) ($691,000) ($829,440) ($995,328)
Legal Cost ($480,000) ($576,000) ($691,000) ($829,440) ($995,328)
Travel Cost ($5000) ($6,250) ($7,500) ($9000) ($10,800)
Audit Cost ($112,000) ($112,000) ($112,000) ($112,000) ($112,000)
General Cost ($20,000) ($25,000) ($31,250) ($39,063) ($48,828)
Profit $8,000,446 $12,938,919 $20,518,903 $32,094,818 $49,705,364
Discount Rate 0.8696 0.7561 0.6575 0.5717 0.4972
Present Value $6,957,188 $6,957,188 $13,491,179 $18,348,607 $24,713,507
Total Present Value $73,293,598
Token Price $0.15

Note:

1. We assume the volumes of 24 hours the same as Top 100 cryptocurrency Exchange in 2021. And it will increase 50% every year in the future four years.
2. Rewards are 25% of the revenue.
3. Salary “Develop Cost” Marketing Cost and Legal cost will increase 20% every year in the four years.
4. Rent will increase 10% every yearn the four years.
5. Travel cost and general Cost will increase 25% every year in the next four years.
6. Audit Cost will be constant each year.
7. Discount rate in 15%.

06. ROADMAP

Q4

2020 (CenX Token)

Centralex Smart contract design, development and audits.

2020 (Partnerships)

Various partnership signups

2020 (Token Sale)

Pre-sale CenX token

2020 (Listings)

Public exchange listings

Q1

2021 - (CEN-SMARTCHAIN Phase 1)

Research and development in unique blockchain solution

Q2

Begin of Q2 -2021 (CEN- SMART-CHAIN Phase 2)

Launch CEN-Chain test net

End of Q2 – 2021 (CEN-SMARTCHAIN Phase 3)

EXCHANGE LAUNCHPublic Token Offering On Centralex Platform.

Q3

2021 (Dapps)

Cen-Smart-Chain Dapps - research and development

EXCITING TIMES

NEW SERVICES LAUNCHForward Direction.

Q4

Q4 – 2021 (CENPAY)

CEN-Pay, research and development of various payment gateways with active Dapps on Cen- Smart-Chain

Q1

2022

Many exciting products to come

01. EXECUTIVE SUMMARY

At the time of writing of this whitepaper, the global market capitalization of cryptocurrency is roughly US $280 billion with an average daily exchange volume of US $57 billion. Many of the top exchanges are no more than two years old and those with the top volume are continuously changing. This indicates that the crypto exchange market remains very competitive and even ten years on from the birth of bitcoin, new exchanges still have a decent chance of becoming a major market player in the cryptocurrency ecosystem.

From late 2017 to early 2018, cryptocurrency experienced a massive upturn. During this period, a slew of both legitimate start-ups and greedy opportunists flooded the space with token sales and ICOs, offering investors a dazzling array of ambitious crypto projects. Massive amounts of capital were raised as a result of this new unregulated method of raising capital. While some of these crypto projects eventually developed into beautiful flowers, the vast majority never sprouted at all.

Taking time to learn from the successes and more importantly the mistakes of other projects has played a key role in the planning of Centralex. The Centralex Team took over a year to carefully develop their business strategy and acquire the necessary funds to start work on their project. As a result of this process, Centralex has successfully produced a pioneering game plan for their exchange, payment platform and cryptocurrency.

Presently, most large crypto exchanges do not cater their services to both beginners and professional trad- ers. Basic crypto exchanges, suitable for novice users, often offer poor exchange rates for customers and fail to provide critical features for their users. Advanced trading sites, on the other hand, are too intimidating and complicated for beginners to start their crypto journey. One of the most salient features of Centralex Exchange is that it caters to both novice and professional traders

Top Cryptocurrency Derivatives Exchanges

Rank Name Volume(24h) Maker Fees Taker Fees Launched
01 Binance $4,084,246,274 0.02% 0.04% Jul 2017
02 Bitmax $1,564,864,226 -0.025% 0.075% Apr 2014
03 Houbi Global $1,446,204,080 0.02% 0.04% Sep 2013
04 Bybit $870,554,823 -0.025% 0.075% Mar 2018
05 OKEx $618,612,897 0.02% 0.05% Jan 2014
06 ZBG $616,573,353 -0.025% 0.075% Jul 2018
07 FTX $514,087,470 0.02% 0.07% Feb 2019
08 Phemex $332,888,873 -0.025% 0.075% Nov 2019
09 Deribit $188,916,338 -0.025% 0.075% Jun 2016
10 BTSE $57,272,619 0.05% 0.1% Sep 2018
11 BaseFEX $46,346,097 0.02% 0.06% Dec 2018
12 Kraken $35,276,269 -0.02% 0.075% Jul 2011
13 dYdX $959,472 -0.025% 0.075% Apr 2019
14 Bitfinex $527,906 -0.02% 0.075% Oct 2012

Source: CoinMarketCap

02. PROBLEMS CRYPTO TRADING PLATFORMS

2.1 USER FRIENDLINESS

The current community of cryptocurrencies is steadily growing yet the ecosystem itself is still at an early stage of mass adoption. Centralex believes the main obstacle to wider adoption is partially rooted in the way companies promote themselves: They cater to either professionals or novices but rarely both. The professional exchanges are geared to serve that small percentage of the population that already have a deep understanding of how crypto exchange platforms work. Meanwhile exchanges that offer a “simple mode” usually have additional service charges and much higher fees than their more complicated counterparts. Platform user friendliness for all levels of user is clearly an area that needs improvement.

2.2 SAFETY

The usage of cryptocurrencies in the current environment usually requires some degree of technical skill and understanding of security. Further, consumers are asked to place their trust in a system which is unlike anything they may have previously used. This can be intimidating and is in all probability a good reason why both curious and qualified people hesitate to join crypto markets. Furthermore, security hurdles make it dif- ficult for new users to sign up, log in and use exchange platforms. Also problematic is the fact that different platforms have different security requirements. This is likely to confuse beginners.

2.3 CUSTOMER SERVICE

The customer service provided by most exchanges can only be described as wholly inadequate. Many sites direct you to their FAQ page or helpdesk pages first before ever offering the chance to get a service ticket or contact details. Some sites even require you to sign up to a separate helpdesk website altogether. Many us- ers likely get frustrated when they find they are unable to contact customer support quickly and directly when they really need to. Others become annoyed at being endlessly passed around but never getting anywhere near a solution. There is a clear need for a more responsive customer service approach.

2.4 TRADING TOOLS

Unlike the normal stock exchange which is open from 9 a.m. to 5 p.m and closed on holidays, the crypto mar- kets run 24/7 every day of the year. This puts a high strain on crypto traders because they must be constantly active in order to follow the markets. There is no downtime. Consequently, holiday periods can be stressful for crypto traders. Crypto exchanges currently lack the right tools and features to help traders free up time, alleviate stress and dissolve their fear of seeing their portfolio drop 10-30% on a day off.directly when they really need to. Others become annoyed at being endlessly passed around but never getting anywhere near a solution. There is a clear need for a more responsive customer service approach.

2.5 SPEED

For exchange users, speed issues can be an emotional and disturbing issue. If a website or program loads slowly, users naturally feel there is something wrong and frustration ensues. Most of the time, the delay is simply a result of a lagging script, but knowing this does not alleviate the frustration. For advanced traders and crypto whales, fast order response times and an equally responsive trading/matching engine are of critical importance because a few nanoseconds could mean the difference between a big win and a devastating loss.

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2.6 POLICIES

Effective policies are required at all levels of crypto exchanges, but the graph below makes quite clear, not all exchanges follow industry standards or even have proper legal foundation. The industry is still largely unregulated and as a result, there is wide variation among exchanges in terms of team/data quality, security systems and compliance with benchmark standards. Indeed, a lot of major exchanges do not possess the right tools or infrastructure to safely operate. This increases risk for all users.

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2.7 FEES

Trading fees in the crypto world vary from 0% (both maker and taker) on CoinCheck to 1% fees (maker and taker) at LocalBitcoins. Fiat to crypto services usually incur fees, which range from 1% to 6%. Although many exchanges are transparent about their fees, the large range of fees indicate they are not using fees as a means of competing for more market share.

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03. Solutions

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3.1 TECHNOLOGY

Many exchanges market their product by emphasizing transactions per second. Trading speed is a combination of latency, order matching and user interface. Centralex will focus on improving speed, scalability and ease of trade. Further, Centralex will afford users the best technology available to meet the growing needs of its expanding user-base.

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3.1.1 USER INTERFACE STATUS

To ensure the best connection speeds and low latency for advanced traders, Centralex will add a small indi- cator, similar to a traffic light, with the order latency in milliseconds (ms). The indicator will be green if the connection is fast, yellow if the connection has issues and could be improved, and red if the connection has a high delay or interruptions.

3.1.2 DESKTOP APPLICATION

Centralex will release a custom desktop application with extra security layer that allows any connected device to become a trade display without having to log in to Centralex. The Centralex Team understand that many traders do not refer to a single exchange or set of statistics but rather follow several markets at the same time. Centralex will create a UI and API implementation to allow users to follow these markets within the application itself. Centralex platform will also provide market analysis and prediction systems.

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3.2 BASIC EXCHANGE MODE

3.2.1 SIMPLE MODE

For novice traders, Centralex will create a Simple Mode (SM). This simple UI mode will be available on all platforms and will allow users who want to trade or exchange with just a few clicks the op- portunity to actually do so. This simplified mode requires no special knowledge. Similarly, basic usage of the platform, including login, registration, KYC formalities will also be fast and hassle free.

3.2.2 FIAT DEPOSIT AND WITHDRAWAL

To improve services, Centralex will give users the opportunity to directly deposit and withdraw certain fiat currencies. This will open a gateway that will enable both novice and advanced cryptocurrency traders to have their crypto portfolios connected to their mainstream banking systems.

3.2.3 EASY EXCHANGE AT MARKET PRICE

A large number of crypto users simply want to be able to get in and out of crypto positions with as little hassle as possible. Centralex believes offering a simple exchange interface and fair market-price trading will serve to attract new users to their trading platform.

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3.3 ADVANCED MODE

3.3.1 ADVANCED TRADING TOOLS

Centralex traders will be offered a choice of preset trading automation tools to simplify trading. There will also be a wide variety of more advanced trading tools available for professional traders.

Charting tools and overviews will help the trader decide when to place a trade order and when to jump in and out of the market.

Market prediction tools will be optional features of the Centralex Exchange. These can be used as training tool to help users gain trading experience. Centralex will use machine learning and artificial intelligence to constantly improve their prediction systems.

3.3.2 ORDER VOLUME SELECTOR

The user should be able to modify order volume using a selector. Centralex will allow users to add five cus- tom percentage tabs.

Larger crypto traders do not necessarily want to trade 25% (minimum) because 25% of a $10,000 Bitcoin is seen as a large trade. Users should be able to set their own percentages to suit their particular needs. They may choose 20% - 40% - 60% - 80% and 100% or 5% - 10% - 20% - 50% - 100%, or any other set of five that they feel best fits their trading requirements.

Giving the user five personalized pre-sets will improve usability and will surely be an attractive feature for all traders.

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3.3.3 AMOUNT INPUT OPTIONS

The amount field can be a minefield in terms of mistakes and limitations. This field should accept multiple types of input:
• Percentages (%) as a calculation rule
• Paste values (clipboard)
• Previous amount history

3.3.4 STANDARD TRADING FEES

Currently, standard trading fees are set to: 0.095% maker and 0.085% taker fee. This fee is calculated depending on the volume of the order placed.

Example pair BTC / USD:

*0.01 = 1% fee, *0.001 is 0.1% fee, 0.01% is * 0.0001 so respectively *0.00095 would be the Maker fee and *0.00085 would be the Taker fee.

Sell order placed of 1 BTC (at $10,000.-) Buy order (1 BTC) placed of $10,000.- Order has been matched.

Amount deducted from BTC = 1*0.0095 = 0.00095 BTC. The taker receives 0.99905 BTC and the maker re- ceives $ 9991.5 USD.

3.3.5 PARTIAL ORDER MATCH

With a partial match of an order, the fee is calculated in the same manner but only on the part of the trade that has been executed. The same total fees will apply once the full order is filled as would apply had the order been fulfilled with a single order match.

EXAMPLE:

Sell order placed of 1 BTC Buy order placed of $5,000. Order has been matched (partially). (Matching price of BTC was $10,000 per BTC)

Maker:
Fees = 5000 * 0.00085 = 4.25
Maker receives $4,995.75 (5000-4.25)

Taker:
Fees = 0.5 BTC * 0.00095 = 0.000475
Taker receives 0.499525 BTC (0.5 - 0.000425)

3.4 SECURITY

3.4.1 ARTIFICIAL INTELLIGENCE

Centralex will use machine learning and artificial intelligence to constantly improve the risk engine inside the trading platform. The risk engine is a key factor for maintaining a secure and robust trading platform. Centralex will also use artificial intelligence to make improvements in the areas of customer support, user experience and trading predictions.

3.4.2 NO PASSWORDS OR KEYS STORED

To reduce the impact of security breaches, Centralex will not store any user passwords or private keys on their servers. Instead, they will use blockchain and cryptographic technology to both confirm identity and conduct transactions or trades. This will also actively deter hackers and identity thieves from attacking the Centralex platform in order to steal digital assets or private user information.

3.4.3 DISTRIBUTED LIQUIDITY

To allow for CET and also improve security in distributing liquidity, Centralex is developing a proof of con- cept method on blockchain for distributing liquidity to trusted exchanges. Centralex will launch this feature together with the Centralex Desktop Application.

3.4.4 SECURITY ACCEPTANCE TESTING

Centralex uses rigorous security and stress testing tools to ensure their users enjoy stable performance and the highest degree of safety while they are on the platform. By adopting best practices in security and con- stantly improving on its existing safety infrastructure, Centralex will become a highly trusted market leader that continues to expand well into the future.

3.4.5 USER DASHBOARD INFORMATION

Users will see certain security details upon logging in to their dashboard. There will be a window with the world map and marker with their last login location, IP and browser type (icon). A smaller window will show a list of the previous five logins, IPs and browsers used (icons). Centralex believes that visual aids showing important security information can help lead to better understanding and prevention of security risks.

3.4.6 SECURITY REVIEWS AND POLICIES

Due diligence is paramount for Centralex, and an integral part of that commitment is transparency with re- gard to its policies, liquidity, and assets.

Blacklist integration will help prevent hackers and criminals from depositing and using their funds on Centralex Exchange. This is a constant but worthwhile endeavor that ensures safety for both the Centralex Exchange and the entire crypto community.

To further ensure platform safety and stability, Centralex will hire professional auditors to evaluate and test the entire project. Besides such auditing, Centralex will regularly invest in training for the entire develop- ment team in order to improve risk management capabilities.

3.4.7 SECURITY PROTOCOLS

Protocols are required on all levels of management and development to ensure product quality and security. Various protocols are invoked to restrict or manage access to sensitive information. For key components in the development and setup, Centralex uses external and licensed partners that comply with all rules and regulations required by financial authorities. Centralex handles security as a bank would, and hence the team puts security first no matter the cost.

3.4.8 SMOOTH AND SECURE

Beyond security matters, Centralex chooses to have the fastest and smoothest user experience on their web- site and platform. Centralex will set performance markers to ensure system quality and have a smart-mon- itoring system that will notify the development team immediately if performance lags. By leveraging AI, Centralex will strive to constantly improve their quality of service.

3.5 DESIGN FOCUS

The user interface design will be peer tested, reviewed and updated before the product is launched. This will ensure the platform has the desired look, feel, and ease of use. The aim is for the user interface to be an intuitive masterpiece that every user will feel comfortable using.

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3.6 MATCHING ENGINE

Centralex will build a custom order-matching engine that will improve matching speed, scalability and performance. They will leverage the latest in hardware acceleration to reduce hardware related limitations, thereby allowing Centralex to address several critical issues related to order book performance.

3.7 COMPLIANCE ORDERBOOK

To comply with local and international laws, Centralex will ensure countries with trade embargoes or trade restrictions imposed against them will have separate order books to prevent direct trading with them. This will ensure Centralex are compliant with rules and regulations of key nations, which will prevent possible legal issues further down the road.

3.8 EMBARGOED COUNTRIES

By default, countries subject to U.S. embargoes or sanctions are restricted from the exchange unless for- mally authorized by the U.S. Government. The current list of restricted countries includes Belarus; Central African Republic; Cuba; Democratic Republic of the Congo; Eritrea; Iran; Iraq; Lebanon; Libya; North Korea; Somalia; Sudan; Syria; Venezuela; Yemen; and Zimbabwe. This list of embargoed nations is subject to change at any time.

04. Customer Service

4.1 BROAD CONTACT SPECTRUM

4.1.1 SOCIAL MEDIA

Centralex will maintain a constant presence on the most active social media channels to allow for effective direct marketing to potential customers. Centralex will use these channels for sharing news and updates on development and new features. More importantly, customers will be able to use social media to contact customer support via a dedicated customer support channel.

4.1.2 CUSTOMER RELATIONS MANAGEMENT SYSTEM

To give users the best service Centralex will develop its own Customer Relations Management system (CRM) specially designed to service Centralex users. Having a custom-built and efficient customer support system will improve user satisfaction, something Centralex considers a top priority.

4.1.3 TICKET SERVICE

To contact customer support, users will fill in a ticket. Centralex will categorize tickets according to the steps taken to contact support. The tickets will then be automatically delivered to the correct department. This process will improve response times and increase customer support efficiency overall, resulting in a higher level of customer satisfaction.

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05. User Experience - User Interface (UI/UX)

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06. Marketing

6.1 INCENTIVES

Centralex will reward users who refer others to sign up and use Centralex Exchange and related services.

Unlike competing exchanges, Centralex offers a two-level rewards system in that users not only earn re- wards based on who they referred, but also on those their referrals refer. The attractive rewards offered by this incentive program will encourage users to expand their network, thereby helping the Centralex userbase to grow at a much faster rate than would normally be possible.

6.2 COMMUNITY

The Centralex Marketing and PR Team will regularly share news, updates and articles on the most common social networking platforms related to finance, trading and crypto platforms. By being a frequent contributor to these social networks, Centralex will establish its name and increase its brand awareness. In addition, Centralex will involve the community by offering special promotions and bonuses, as well as sponsoring special events.

6.3 BOUNTIES

People who manage Centralex Communities will be well supported. The Centralex Marketing Team will have a specialized bounty wallet for community support and management.

Centralex holds their online communities in high regard and will endeavor to connect communities in order to create an efficient content and news sharing network.

Centralex will reward people who discover and report bugs, security issues or other problems with the Centralex platform and/or connected systems. The reward will be determined based on Centralex Company Policy. By offering such security bounties, Centralex will develop a more robust and secure platform.

07. Project State

At time of writing, the Centralex Project has finished their company setup and received the funding to both develop the exchange and request basic licenses.

The software development company that will build the Centralex platform will finish the pre-development phase soon and will start actual development in early October 2019. During the pre-development phase, Centralex will complete their landing page, as well as house style and graphic designs so as to give future partners and investors a complete overview of pending developments.

08. ROADMAP

2018

Company registration - The Idea was Born

2019

Market research & development, Technical analysis of Entire Ecosystem

2019 Q4

Creation of the Development team and the Design of the Platform.

2020 Q1

Platform development started.

2020 Q2

Seeking out and Creating Strategic Partnerships with other projects and exchanges, whilst the platform is being developed.

2020 Q3

ILO of Native Token &- Pre-sale CENX.

2020 Q4

Beta testing - Live trading on Centralex at the end of the ILO

2021 Q1

Official Platform Launch.

2021 Q2

New Features development – Futures Trading – CenX smart chain Development.

2021 Q3

Cenx Smart chain launch.

09. Risk Management

9.1 DEVELOPMENT

Developing and operating a cryptocurrency platform has many risks. The main directive of Centralex will be to prevent incidents at all costs, but should an incident occur, Centralex will strive to ensure the effects are negligible and make every effort to minimize any associated risks. Centralex takes safety, security and stability of their exchange very seriously and has therefore acquired the best teams available to develop and maintain its platform.

9.2 RISK OPERATIONS

To handle issues in and around development and operations, a playbook/manual is available for each type of event to ensure proper resolution of issues. Risks are categorized according to different levels of impact, and it is the defined level of impact that will decide the approach to be taken. Impact is measured in percentage (%) of users affected.

A problem that affects 2% or more of customers is considered a high priority case and will demand immedi- ate action. 34 www.centralex.com

In such cases, executive management and departmental management will be summoned to find a solution to the issue. A problem that affects 0.01 to 2 % of customers is considered a medium priority case. Such cases will require only the executive of the affected department to be notified. A problem that affects less than 0.01% of the customers is deemed a low priority case, but will be considered a high priority ticket for the development and testing teams.

9.3 ADVANCED RISK MANAGEMENT TOOLS

To ensure a better user experience, best performance and a high level of safety/security, Centralex will use a special algorithm and high-level programming to automatically detect and effectively mitigate any threats to the platform. As a result of these efforts, the Centralex Team will be in a better position to actively deter an expanding variety of threats in the future.

9.4 EXTERNAL ANALYSIS AGENTS

To ensure platform security and integrity Centralex will have the platform monitored and tested by third-par- ty security professionals and firms. These parties will constantly monitor for suspicious activities on all blockchains and cryptocurrencies offered by Centralex.

10. Conclusion

Current crypto trading and exchanging platforms lack speed, ease of use, function, and transparency. Some also charge exorbitant fees for trading and other services. Established exchanges often view crypto traders as if they were normal stock, commodity and forex traders. As a result, they miss an important opportunity. Crypto trading is a 24/7, 365-days-a-year business – unlike traditional markets. Cryptocurrencies, crypto exchanges and trading platforms may very well be available everywhere in the world, but at this point they do not yet cater to the world.

Centralex intends to change all that. Centralex hopes to revolutionize the cryptocurrency industry by offering a feature-rich platform, an intuitive user interface and an unparalleled user experience, while at the same time improving security, performance and speed. Their state-of-the-art platform will make cryptocurrency easy to use and accessible to all, providing a much needed gateway for widespread adoption.