The cryptocurrency market was estimated at $541.00M in 2017 and is forecasted to reach $2902.00M by 2023, at a compound annual growth rate (CAGR) of ~32.3 percent between 2017 and 2023. The increasing remittance in developing countries, high cost of remittance across the border, and fluctuating monetary regulations are the main drivers for the increase ot the cryptocurrency market.
The rise of the cryptocurrency market is further propelled by the transparency and immutability of the distributed ledger technology and benefits including faster transaction and reduction in total ownership cost.
Growth above any other type of investment causes people to seek opportunities to invest in the cryptocurrency market.
With demand on the rise, it is necessary to have means where it is possible to buy and sell these assets. The medium used for this most of the time are the Crypto Exchanges. Exchanges provide services to buy and sell cryptocurrencies and other digital assets for national currencies and other cryptocurrencies.
Exchanges play an essential role in the cryptocurrency economy by offering a marketplace for trading, liquidity, and price discovery. Since the first Crypto Exchange that emerged in 2010, the Market has been growing year after year and in the last quarter of 2017 it has reached a historic high and the demand for cryptocurrencies has increased as never before. The Crypto Exchanges Market moves billions of dollars daily on its platforms generating millions of dollars in profit with fees.
Based on this information, the Nilex Project was born. Our project is to distribute most of our Crypto Exchange (Nilex) profits to our shareholders. About 75% of our fees received through operations performed on our platform will be transferred daily to NIX asset holders. Nilex is a crypto Exchange already developed and scheduled to start operations the first week after the completion of our ICO. That is, we already have practically the project in operation. The funds obtained through our ICO will be used to perfect some things on our platform and most for marketing because our goal is to reach as many customers as possible by increasing the volume of operations and profit.