Big waves are being made in the world of cryptocurrency, as Danish exchange CCEDK is looking to add BlackCoin to their exchange offerings. As this is a big step for both CCEDK and BlackCoin, we could be witnessing history in the making.
CCEDK is the first Danish online exchange for cryptocurrencies such as Bitcoin and NXT among others. Ronny Boesing, CEO of CCEDK, has had an impressive career so far. During 25 years of distributing and publishing CDs and DVDs to games and other digital products, his customer base spanned 65 countries in 5 continents. The reason for his success is simple :
“I am a pioneer in spirit, and all my life I have made my income getting out there to the rest of the world, in places and countries no one else thought profitable, trying to sell a product. The product might be different each time; the whole world, however, is still my little playground”
The transition to opening an online exchange for digital currency might not be obvious at first, but all in all, the difference isn’t that great. There are similarities between music distribution and the trading of cryptocurrencies, as Mr. Boesing said :
“Not in the least because transparency and good Danish common sense are both factors for ensuring future international success. They’re also both fast-moving industries, where the advantages of seizing an opportunity can be immense.”
Whereas most new digital currency exchanges would only focus on Bitcoin, Mr. Boesing took an entirely different path. By selecting a handful of other prominent cryptocurrencies, such as NXT, PeerCoin and Litecoin, a lot of awareness was brought to the CCEDK exchange. Especially because CCEDK allows the conversion between fiat currencies and digital currencies.
CCEDK supports nine different currencies, including USD, DKK and EUR among others. In order to deposit or withdraw funds, CCEDK users can make use of SEPA or international SWIFT transfers, or Payeer , depending on the type of fiat currency you wish to use.
CCEDK takes their customers’ security to heart, and therefore reserves 30% of crypto currency revenue in a reserve fund used to repay traders if they are the victims of fraud or cybercrime. A very bold but strategic move by the Danish digital currency exchange.
You may have noticed the kangaroo in the CCEDK logo, which also has a deeper meaning. A kangaroo takes big jumps, and so does CCEDK in terms of development and moving forward progressively. The kangaroo’s pouch, which acts as a safe haven for their young, represents the security of users’ wallets at the CCEDK exchange. Small things like these make traders feel more secure, and ensures of sense of trust between all parties.
While CCEDK is a relatively new exchange, and is still in their first year of being in business, their strong beliefs and great service make it a genuine competitor for the most prominent digital exchanges in the world.
The addition of BlackCoin
‘We feel a genuine excitement to be able to capitalise on the advantages of offering investment opportunities from our location in a crypto-friendly jurisdiction, as well as to be able to add a major new and emerging market in the form of BlackCoin,’ Mr. Boesing told us, after which he added :
“The BlackCoin community is extremely active and has many talented people working in it. When you’re launching an initiative like CCEDK, it’s important to know that you have partners who will back you and grow with you as you move forwards. We’re all looking forward to a very bright future.“
Since BlackCoin’s launch on February 16th, both developers and community members have been tirelessly working to make BlackCoin a top cryptocurrency. Priding itself on being Proof-of-Stake, which allows for a far more secure network compared to Proof-of-Work digital currencies such as Bitcoin, BlackCoin had a major impact in the world of cryptocurrency since day one.
BlackCoin is one of the leading altcoins in the “Cryptocurrency 2.0” space. By including extra functionality and being able to use the blockchain to transfer things other than BlackCoin itself, a new wave of features is on the horizon.
One of the latest services provided by BlackCoin comes in the form of smart contracts. When you deal with other people , and a contract is signed, you can never ensure both parties will hold up their end of the deal. By offering smart contracts, the possibility of one or multiple parties backing out of the deal is negated.
Once both parties sign a smart contract, the party paying for a service puts their BlackCoin into an escrow system, as normal. Both parties could be required to make a small BlackCoin deposit to show their legitimacy as well. Once the deal has been concluded and verified by both parties, the money is sent from the escrow to the seller, and both parties get their small deposits back.
In the event of both parties being unable to come to terms on the deal, the buyer will receive their BlackCoin back from the escrow service. But there is a twist, as both parties will not get their small deposits back because they broke the contract. By dealing with broken contracts this way, there is no incentive to scam the system.
All of the hard work has resulted in several milestones for BlackCoin, of which the latest is making a big impact in China, which resulted in millions of BC being traded on Chinese exchanges over the past few days. The addition of BlackCoin to CCEDK allows for more people around the world to trade BC to and from fiat currency, which will be beneficial to both parties.
Allow me to provide you with another interesting quote from Mr. Boesing when asked to describe himself : “I would characterise myself as a realistic optimist. I tend to say yes, when others decline. I also believe in the good in people, but once let down, I do have a tendency not to forgive that easily. I don’t see myself as naive, as I stay away from any projects I don’t have a gut instinct about.”
BlackCoin will be added to CCEDK on September 22nd, and can be traded against EUR, USD, DKK and BTC on launch. Other fiat pairing options can be added upon request.