SONATA- THE FUTURE OF CRYPTOCURRENCY EXCHANGE
Ever since the introduction of cryptocurrency, there has been a very colossal amount of transactions carried out with them. This could be mostly because of the ease with which they facilitate previously arduous tasks, their wide range of applications and the enormous profit-making possibilities found therein. Due to these wide array of uses both virtually and in the everyday world setting coupled with the ever-growing number of cryptocurrencies coming into the market, it should be expected that one of the most common and basic tasks done with cryptocurrencies would be to exchange them for other forms of payment; be they cryptocurrencies or just fiat money. To do this, every user – tech savvy or not – would want a platform that does that for him/her in the easiest, fastest and most secure way possible which is not surprising given the valuable nature of these cryptocurrencies.
CHALLENGES FACED PRESENTLY
Despite the existence of several cryptocurrency exchanges which have sprung up over the years to help cryptocurrency users with this, there are still a number of challenges faced by users in trying to carry out this seemingly simple task. These include but are not limited to:
• Limit to the number of cryptocurrency coins a user can exchange in a particular transaction.
• The absence of functionalities such as charts that are present in the traditional exchanges and which help users better understand the direction and history of the commodity they want to transact in using the exchanges.
• Lengthy registration processes.
• Complex user interfaces that create problems for non- technology-oriented users (which I think constitute the majority) or that is just a form of distraction to even a tech-savvy user who just wants to perform that one, simple task as quickly and easily as he can.
HOW SONATA WILL SOLVE THEM
Thankfully, all these challenges were carefully thought out, researched upon and noted down by the team of brilliant minds behind the Sonata project who then took steps to proffer solutions as well as address them by using innovative ideas to also make the cryptocurrency exchange experience a truly rewarding and satisfying process for the prospective users. Some of the awesome packages they will be blowing our minds with on their platform in the near future include:
• A truly user-friendly interface that eases the hassles previously faced by users replete with charts that present visual representations of the market the user is transacting in.
• Market competitive transaction fees that will be lower than obtained in most other cryptocurrency exchanges.
• Use of an AI algorithm to predict price trends and help users decide which investment choice is best at that point in time.
• Introduction of group chats categorized based on topics, currencies etc. with colour codes assigned to each user based on his/her transaction history (e.g. a user in blue could be a very avid trader while one in purple could be a newbie).
• Availability of mobile apps on Android and iOS phone so that users can transact on the go from anywhere and at any time.
• Presence of margin trading which will, however, be restricted in some countries where it is not permissible.
TARGET USER
So, are you a new cryptocurrency user that wants to buy more to buy goods from your supplier or that wants to take advantage of the opportunity to learn from much more experienced traders or that just wants to know the best investment choice? Whoever you are, whatever your reasons will be for using Sonata cryptocurrency exchange, I’m quite certain that you are sure to leave the platform with a satisfied smile on your face and a mental note to come back at a later time to this platform that will turn out to be miles ahead of the rest.
To further learn about this coming pacesetter in the cryptocurrency exchange industry, check out their various contact sites as follows: