The Coin of Nature team believes that the most significant aspect of a carefully crafted cryptocurrency exchange is its internal security system, both on the administrative side and in terms of securing user funds. Therefore, the team has decided to introduce the following security solutions:
As for the administrative safeguards, systems tracking the actions of administrators will be implemented. Furthermore, tools that automatically change administrator passwords to the crypto exchange will be used (administrators will not be entitled to know the administrator passwords for managing the crypto exchange). What is more, transfers of funds from the cold wallet will require the confirmation of at least two users. The team also intends to introduce a number of other systems and security measures that will not be described here for security reasons.
Another crucial issue that the team has taken care of is the protection of users’ funds. Every month, 1% of the exchange’s revenue will be transferred to a special fund that will reimburse deposits to users in case the cryptocurrency exchange loses money. Moreover, AI will be employed to alert users and detect high-risk trades.
Since the team believes that one of the major factors ensuring the proper protection of user funds is the knowledge and awareness of their holders, lectures given by a professional stock market analyst will be made available to users of this crypto exchange. During these lectures the analyst will teach our users, among other things, how to read charts or minimise risk. Also lectures with a financial psychologist who would advise users – e.g. how not to take risks or how to cope with the financial loss – are currently under consideration.