Ripa Exchange (RipaEx) is a hybrid-decentralized exchange with a strong focus on lowering the entry level of opening new exchanges and giving crypto traders safe and secure trading partners to operate with, on a daily basis. The team – led by its Founder and CEO, Giovanni Silvestri – believes that, despite the recent developments in the world of cryptocurrencies, it is still expensive to open, manage and build trust on a newly created exchange, for the following reasons:
– High volume of resources, needed to run a reliable exchange platform;
– High cost for building the platform;
– High liquidity, necessary to run a profitable business in the first 5 years gap.
RipaEx is a project built on two pillars:
- Ripa Exchange: an open source exchange based on the source code of Peatio;
- Ripa Blockchain: a DPOS blockchain with its own XPX token that will serve to share liquidity between all Ripa Exchanges in the Ripa network.
Regarding to the Blockchain, the technology used is DPOS ARK blockchain – as it is considered the most democratic, clean and open source blockchain in the industry. For more info about it, you can read the White Paper here.
How can people use the RipaEx coin?
The XPX coin has been thought for the following purposes:
- to list new cryptocurrencies on Ripa Exchanges
- to advertise new projects
- to buy RipaEx gadget on the RipaEx Store
- to pay for the sell of goods & services on authorized resellers with our RipaEx POS (Point of
- to share liquidity between Ripa Exchanges in the same network
The main goal of the RipaEx team, as said by its CEO, “is to make this development concrete and have a reliable crypto asset marketplace network installed for the future generations. It is the aim of this project to offer an Open Source, efficient, reliable exchange platform. We want that the customer experience will be the sleekest possible, while making it safer to trade”.