EurekaX is the new crypto platform launched by the Eureka Network and the company announced the upgraded version earlier today so we read more about it in the coming altcoin news below.
The upgraded version now addresses the liquidity issue of the entire crypto ecosystem and as a promotional offer, all of the users who sign up to the platform before 21st of August this year will get up to 300 EurekaCoin (ERK). EurekaX has achieved high liquidity by linking the OKEx crypto exchanges order book with its own order book. All of the tokens built on the Eureka Network now get the liquidity guarantee from EurekaX. This is a great strategic move for encouraging people who are just starting with crypto and are hesitant to enter the cryptocurrency trading world because of liquidity issued.
The new exchange will be open on 21st of August 2019 for trading and there is a special offer of 300 ERK for users who sign up before this date. The native coin of the Eureka Network is the EurekaCoin which is a proof-of-stake blockchain. The ERC22 and ERC20 on the network are used for creating projects. Once a project has been created successfully, the company aims to integrate all of the issued tokens that were once built on Eureka onto the new exchange. The difference between the Eureka network and Ethereum is the technology. Eureka network has the advantage of the open-source development and allows third parties to create their own POS network. Compared to the Ethereum network, Eureka network gets the reward for mining and helps fund the project.
As explained further in the latest cryptocurrency news reports, there are some plans of launching EurekaDEX which is a decentralized exchange that will be launched in Q4 2019 and 50% of the profits will be used to buyback and burn ERK which will boost the value of the token since the supply is limited. The EurekaCoin is a decentralized project based on the UTXO model and now has the support for smart contracts based on the Ethereum Virtual Machine. The advantages of this platform are achieved by the abstraction account layer that allows the bitcoin-like UTXO blockchain and Eureka coin to communicate.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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