TimeX setting itself for success

The latest from the TimeX camp involves the recent listing of COMP and AMPL. Also with the buying Bitcoin, Ethereum, and USDT directly with just a credit card. They are sure to be setting themselves up for success.

Fast, Safe, Convenient Crypto Trading

For those who don’t know already, TimeX is a Plasma-based hybrid exchange based in Australia which is developed by Chrono.Tech. Chrono.Tech are the creators of a suite of HR products that aim to set about a revolution in the labour market. The other products are LaborX - An on-demand employment platform (commonly known as freelancers), PaymentX - a payroll service that enables easy crypto payments to workers anywhere in the world and the newly created AUDT - an Australian Dollar backed stable coin.

This hybrid cryptocurrency exchange ensures cryptographically-guaranteed accuracy of trading operations. The exchange is built on an implementation of Ethereum’s Plasma, enabling it to serve a wide market.

Utilising this technology allows for fast and secure trading, deposits, and withdrawals. Furthermore, the exchange uses automated tools in the process for AML (Anti Money Laundering) and KYC (Know your client) ensuring that the exchange is legally compliant without making the platform unbearably slow.

Along with further security of 2-factor Authentication, TimeX also has extremely high transparency without the loss of your privacy. This also eliminates the possibility of fraudulent exchange activity.

Additionally, it is worth noting the place of the TimeX exchange within the wider Chrono.tech ecosystem. TimeX is used as a payment gateway and transaction hub across the company’s products and services. Chrono.tech will bring a continual stream of clients to the TimeX exchange, many of whom will be active participants in the Australian labour market.

Listing of DeFi’s latest winner

While the Coinbase-funded platform launched in 2017, it recently started distributing its governance tokens, COMP, to users. That move has seen Compound’s value soar, both in terms of the price of COMP, and the important metric of Total Value Locked (TVL) in the protocol.

The idea is that crypto holders can monetize assets that would otherwise lie dormant in their wallets, buying other tokens without selling what they have, or even leverage their holdings by using a token as collateral to buy more of the same token.

Users are paid to make funds available to the market and charged to borrow tokens, with the rates algorithmically calculated according to supply and demand. However, users additionally earn COMP tokens as a reward for both borrowing and lending assets, since both are important activities for the protocol.

Currently, the pairs of COMP/BTC and COMP/USDT are available.

BTC, ETH, and USDT purchases made easier

Further to the listings, TImeX has made buying Bitcoin, Ethereum, and USDT much simpler with the addition of purchasing direct, using just a credit card.

According to the site, you are required to have a level 4 verified account which ensures that the fiat transaction to the desired purchase is compliant with current regulations.

This also comes with enabling Australian customers, the option to purchase AUDT (Australian Dollar backed stablecoin) via PayID and POLi payment methods.

It is easy to see that the exchange is developing consistently to be the one-stop-shop for all crypto enthusiasts due to the range of products connected to the platform.

Many places where TIME is relevant

The exchanged native token is TIME and is also used in the other platforms that Chrono.Tech has created, for user benefits and utility.

More features that have been added recently is the ability to integrate your TimeX account into Tabtrader, which enables the user to trader across many exchanges from the same interface.

Furthermore, the TIME token is available through Uniswap. This enables to token to be bought and sold through the platform and even to give liquidity to the TIME/ETH market.

It is interesting to see an exchange developing so well when there have been many closing due to the global circumstances and adding user benefit functionalities. TimeX will certainly be one to watch as according to the team, there is more to come.

To find out more, go to https://timex.io/

Author Bio

Latitude Blockchain Services is anchored around providing a one-stop-shop to relieve the stress that all startups experience. We plan to continuously grow our extensive network and strategic partnerships to ensure we can provide a broad range of services, leveraging our influential contacts within the industry.