Unless
you’ve been hiding under a rock, you’ve heard about the recent feud
between Jamie Dimon, head man at JP Morgan Chase, and the cryptocurrency
world. Dimon’s vitriolic comments regarding Bitcoin went viral last
month, as he called the cryptocurrency a ‘fraud’ and threatened to fire
anyone caught trading it.
While the crypto sphere lit up with comments and reports
(including a report that on the same day, JP Morgan actually bought the
dip), one company turned the tables on Dimon with a full page ad in the
Wall Street Journal. According to Eidoo, one of the newest and most
flexible exchanges on the market, even if Jamie fires you, at least you
can still trade crypto.
New angles on everything
Undoubtedly, the Eidoo ad
will generate huge commentary among crypto enthusiasts. However, the
move highlights the company’s willingness to think outside the box. A
recent statistic shows that the exchange’s app has been downloaded more
than 50,000 times in the last week alone. Apparently thinking outside
the box is appealing to consumers.
The exchange offers some unique services that others don’t. For example, the Eidoo
wallet allows users to hold not only Bitcoin and Ethereum, but all
ERC20 tokens, allowing its customers the ability to maintain their
portfolios within a single application.
Secondly, Eidoo is developing a hybrid exchange that allows users to exchange ETH directly
for other ERC20 tokens through an application, without the complexities
of most legacy exchanges. This, coupled with the forthcoming Bitcoin
hybrid exchange, indicates the company’s willingness to create new and
meaningful systems to service their customers.
Third, the company has fully embraced the ICO concept,
allowing users to participate in initial coin offerings through its ICO
Engine platform, also within the application. This allows for a smooth
interface for ICO participation and provides a user-friendly interface
for less tech-savvy consumers.
Finally, Eidoo
allows its users access to their own private keys. This feature is not
available on many wallets, but Eidoo is allowing full autonomous control
to its customers, embracing the original ‘Satoshi’ vision of
cryptocurrency and decentralization.
Compare and contrast
They say a picture is worth a thousand words, so here is a
short infographic of what makes Eidoo such a flexible exchange and
wallet platform. Not only will consumers have far greater choice, they
will be able to do so all from a centralized and user friendly platform.
If the Wall Street Journal ad from Eidoo is a litmus test
of the company's creativity and ingenuity, Eidoo has a promising future
ahead. Consumers want choice, and Eidoo offers it in the most simple and direct way possible. Even Jamie Dimon would have to agree.
The Eidoo ICO is still live, for those contributors
interested in taking part in this groundbreaking platform. However, with
the token sale ending on Oct. 16, interested parties should move
quickly. Eidoo accepts ETH tokens, and token sale information can be found here.
