INFLUX AutoSwap Whitepaper Released

INFLUX AutoSwap Whitepaper Released

The Influx Team have released the Whitepaper for the upcoming feature, AutoSwap. The feature is relatively similar to services such as Coinomat and Shapeshift, however, the difference is it uses SuperNET’s Multigateway(MGW).

The Influx Team have released the Whitepaper for the upcoming feature, AutoSwap. The feature is relatively similar to services such as Coinomat and Shapeshift, however, the difference is it uses SuperNET’s Multigateway(MGW). MGW is “is a third party service developed on top of the NXT network that allows you to move crypto-currencies in and out of the NXT Asset Exchange, the peer-to-peer exchange that offers decentralized trading with no trading fees. To see the coins currently supported by MGW, jump to Supported Coins.”

Each asset on MGW is backed 1 for 1 within three multisignature addresses. The Influx team owns one of the servers, the other two by SuperNET. The Influx whitepaper shows clearly the process of how the swap occurs using the MGW network. This AutoSwap service will reduce the process of swapping from BTC to Influx from 4 steps to just 1 step. An intelligent arbitrage bot is used in order to process trades.

https://www.youtube.com/watch?v=BBIT_B1W_pw

While there are other coins on the MGW, Influx is the first coin to seek the services of SuperNET’s MGW. The MGW has long been one of cryptocurrencies best kept secrets. This is showing once again, that the Influx team is ahead of the pack in terms of innovation.

https://www.youtube.com/watch?v=8azumPNG8DI

Influx is a X11 algorithm based coin with no pre-mine using a Pow+Pos Hybrid backend and designed specifically for CPU/GPU setups. Everything you see about INFX is owned and operated by the INFX team.

If you would like to view the whitepaper, proceed to https://influxcoin.xyz/autoswap-white-paper-v-0-4/.