A REVIEW ABOUT EMIREX

10 min readDec 20, 2019

The EMIREX team had put together an awesome collection of top-tier financial services that are capable to bridge the gap between established financial system and the financial system which would emerge over the coming years.

But before we dive into the EMIREX review, let’s have a general look at the crypto market and the problems faced on exchanges.

The cryptocurrency market has seen vast expansion in the last two years with continued increase in market capitalization and in the number of cryptocurrency coins and tokens (which collectively total more than 1,850). This is a result of media hype and media coverage of the crypto market, as well as its unregulated nature that has allowed vast participation by even the most uninformed of retail investors.

This is not surprising as the crypto market far outpaced other markets by staggering amounts. Some cryptocoins gained as much as 20,000% between 2016 and 2017.

THE PROBLEM

The lure of quick and supposedly easy money has not only caught the attention of genuine companies and investors in this space, but has also attracted nefarious entities who want to grab a share of this market. With no regulation to check what is coming into this market as an investment product, a lot of scams have taken over. This poses a real problem in the crypto exchanges and the market at large. We now have a situation where many scam crypto exchanges are mostly common, and the majority of crypto investors are afraid, unsophisticated investors without the knowledge of how to decipher the scam crypto investments from the real ones.

Lack of regulation in the market and exchanges has also created a situation where there is no trust entity to validate the thousands of new cryptocurrency-based products that are entering the marketplace on a daily basis. Trusted and accurate information channels that can serve as valid sources of informative and educational content for the unsophisticated, retail investors are lacking.

What is the end result? Many cryptocurrency traders have lost and are still losing money in the crypto market. High transaction fee after a successful trading is another challenge on the cryptocurrency exchanges, lack of security, liquidity, and so on.

THE SOLUTION

EMIREX is a reliable and sustainable solution! As long-term residents of the Middle East, the team at EMIREX has noticed a real lack of access to the Digital Assets in the Region. So, in early 2017, the team set out to change this and started working on Bitcoin Middle East Exchange (BitMeEx) which happens to be a platform that is easy to use and that offers access to many Digital Assets in exchange for international and local fiat currency. In 2019, the EMIREX rolled out the next stage in the technology roll-out a professional trading platform.

The team experience of working within the crypto sector means that EMIREX platform has been built with simplicity in mind as they want to broaden the uptake of the crypto sector, and one of the most logical ways of doing this is by delivering a suite of tools that can be embraced by potential traders and investors of all levels.

EMIREX perceives how blockchain innovation can assist organizations with taking their resources for the commercial center, and abstain from managing significant banks that take a ton of cash for their administrations. From various perspectives, the models that the current money related framework are based on are age-old and should be supplanted. The EMIREX Group of Companies has its command post in Dubai, United Arab Emirates, which is a unique area for any organization that needs to get to both Eastern and Western markets. As a worldwide budgetary focus, and ware exchanging center point, Dubai is very much set to serve a worldwide customer base.

EMIREX has various organizations under the gathering’s umbrella that are working as per all the important guidelines and hold licenses to exchange various money related resources with other worldwide trades, just as end-clients, and brokers. This is why we have a full-featured version of EMIREX available for professional traders as well as a simplified version that will help newer members of the community develop their confidence. EMIREX don’t expect to change the world in the way that Microsoft and Apple have, but we would like to make a positive contribution to the way the sector operates.

The vision of EMIREX is to become the easiest gateway to acquire and spend digital assets. Similarly, its vision is to be the trusted and reliable partner for those businesses that seek capital formation, and also those businesses that seek to provide their services to consumers in exchange for digital currencies. Likewise, another of its vision is to be known for the reliable and secure way to convert any store of value into digital assets and to safely store such digital assets using our infrastructure. And lastly but not the least, the vision of EMIREX is to interconnect Africa, Asia, and Europe with the Middle East.

THE UNIQUENESS OF EMIREX EXCHANGE PLATFORM

EMIREX has already created the BitMeEx and has also engineered a token-based commodity trading platform. It would interest you to know that BitMeEx allows trade in protocol, utility, payment and commodity tokens, and it could be expanded to work with almost any kind of digital asset.
Order book on EMIREX is capable of handling 1,000,000 orders/second. Awesome! Isn’t it? Similarly, EMIREX has customizable trading view charts for professional traders, and advanced functionality for order book, trade-history, markets and depth of the market.
By using the technology before us, EMIREX is bringing together a community of issuers and traders from around Africa, Asia, and Europe and providing them with access to the Middle Eastern wealth.
Good news; EMIREX is offering spot trading with professional order types as well as margin and futures trading.
The User Interface of EMIREX is simple and flexible: User-friendly interfaces make access to digital assets easy for novice users, while advanced trading tools provide all the required functionality for professional traders. Also, this unique exchange platform has a drawing tool-bar for technical analysis as well as other technical indicators shows advanced historical trading analysis that integrates advanced liquidity aggregation technique.
EMIREX does delivers advanced security measures compliant with the international standards of IT security in the banking industry, per ISO 27001 such that its fiat gate does facilitates deposits and withdrawals to the users’ bank accounts as well as the purchase through credit/debit cards and other payment methods.

ABOUT THE EMIREX CRYPTO WALLET

Crypto wallets are vital components of the cryptocurrency eco-system and must be designed with highest levels of security in mind. Wallets interact with the blockchain ledger directly to keep track of the assets belonging to a user and allow them to create and issue new transactions. The EMIREX Crypto Wallet has been designed such that it is capable to hold the EMRX token and other altcoins that it supports. That is to say; the EMIREX Wallet lets retail users safely and securely store digital assets on Android or Apple devices, providing the highest level of privacy and reliability when receiving, sending and storing these assets. EMIREX holds EU licenses for a virtual currency wallet service and the administrations of trading the virtual money into a fiat cash. The team is in nonstop correspondence with controllers over the MENAT (Middle East, North Africa and Turkey) Region to guarantee that this task would be conceded comparative licenses in these locales when guidelines make it conceivable.

The EMIREX Wallet is in support to all coins traded on the EMIREX Exchange and will be free of charge for a standard version. A small fee in EMRX tokens will be charged for a professional version which allows for extended functionality such as management of multiple private keys on any device which allows for efficient, simultaneous management of multiple portfolios. EMIREX expects to illuminate the restricted requirement for secure stockpiling of advanced resources, which is one of the boundaries to appropriation of computerized resources selection for institutional financial specialists.

EMIREX will utilize 100% cold storage by guaranteeing that clients’ crypto resources stay secure and accessible to meet speculator reclamation and confirmation prerequisites. The guardianship model of EMIREX will secure authority resources by guaranteeing that they are never intermixed with resources held in client exchanging accounts. The administration level for cold stockpiling will meet the present degrees of driving European banks.

EMIREX is so dedicated on their crucial ensuring that customers get normal and auditable united revealing, including business sector and execution valuations for their benefit portfolio. Revealing would be given at month to month, quarterly and yearly annual intervals.

THE EMIREX WEALTH MANAGEMENT SERVICES

The EMIREX team is getting monetary delegate licenses in Tier 1 jurisdictions to meet the prerequisites of HNWI and family workplaces that are either working in the Middle East or meaning to verify their riches by working in the Middle East. The current capitalization of all digital assets is only USD260 billion. This is expected to grow as Forex, Gold and other traditional commodities investors and traders are progressively moving into the digital assets trading.

Approximately 9.7 M of individual traders we have gotten worldwide, creating about $358 Billion trading volume per day. Gold trading volume is exceeding $44 Billion per day. Global Payments industry is a 2 trillion USD business, with proliferation of cryptocurrencies, it is logical with a certain percentage payments will migrate into the cryptocurrency payments and EMIREX is taking advantage of this move.

The EMRX token has its crucial role in the EMIREX ecosystem as EMIREX is focused on delivering the first in its class Digital commodities exchange which will be an alternative investment platform focusing on tokenizing the annual USD$20 trillion commodities sector. The exchange will also host the trading of tokenized equity and debt instruments of commodities companies, as well as actual physical commodities, such as precious, industrial and rare-earth metals, precious stones, and energy commodities. The EMRX token is what gives the users access to all of the above, and more. In other words, EMRX has been designed to incentivize the ecosystem of traders, investors, issuers and partners within the EMIREX ecosystem.

TOKEN INFORMATION

Token Name: Emirex Token

Token Symbol: EMRX

Token Platform: Ethereum

Token Type: ERC20

Token Price: above $0.4 as at the time of writing this article with a 24-hour trading volume of around $162,253.

Maximum Supply: 500M EMRX.

One of the most popular and active exchange that is trading EMRX Token is Coinsbit.

An important factor to keep in mind when evaluating an exchange token is the tokenomics model. Consider the entire project useless without a sustainable tokenomics model. The tokenomics should drive the interest of the market participants. Without having to go too deep into technicalities, here is a nice view of it; a good tokenomics model always includes a sustainable ecosystem, a credible expert team combined with a good after sale token allocation, sufficient token lockup period, appropriate legal compliance and a sustainable business model, all of which must ensure that the project and the token will thrive in the long run. Now, let me shock you a bit; EMIREX provides all of the above when it comes to its tokenomics.

Interestingly, EMRX token can be used to pay for the products and services of the EMIREX Group. Users will receive a discount if they pay transaction fees, listing fees or application fees in EMRX. Additionally, they will enjoy priority participation in IEO projects.

Every User on EMIREX is entitle to enjoy bonuses in EMRX token by successfully inviting new users to register on EMIREX and using it. This is a form of Referral Program and it’s uniquely superb at EMIREX. The EMIREX token produces its own wallet software which is available for download on its website that allows you to store EMRX on your computer system.

Kindly take note that; at every quarter, EMIREX shall be burning up to 50% of all of the EMRX received for the sale of its products and services until the circulating supply reaches the 250,000,000 EMRX which happens to be 50% of the originally issued (500,000,000M EMRX). This I believe would positively contribute to the value of EMRX at the present and future time.

ROADMAP

By definition, Roadmap is a plan or strategy intended to achieve a particular goal. That is to say the EMIREX Roadmap is step-by-step means by which the mission of the project is to be fully achieved.

Below is a pictorial representation of the EMIREX Roadmap:

CONCLUSION

It won’t also be out of place to inform you know that EMIREX is not just a new project that is trying to raise fund as EMIREX is truly an interesting and exceptional project in which its native token (EMRX) is already trading on some reliable exchange platforms, and hopefully it would be listed on many other popular exchanges soon. EMIREX aims to grow its platform further and have built an ambitious road-map ahead including; developing multi-level trading, multiple payment options, supporting services with an individual approach to each customer, from beginners to institutional traders, always maintaining 24/7 support accompanied by time-proven platform stability that guarantees the safety of assets and data. Summarily, the team at EMIREX has in place different business models already in operations. Do yourself good today by joining the moving train of EMIREX project now…