Press Release
Utopia P2P unleashed with Crypton Exchange: no KYC, no limits, fully automated
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The Utopia Peer-to-Peer (P2P) Ecosystem reached another remarkable milestone on January 9th, 2021; a fully integrated and automated exchange for Crypton (CRP) was released. The new Crypton Exchange offers the very best attributes of any cryptocurrency exchange: automatic and anonymous user registration, no or low fee model, automatic withdrawals without limits, censorship resistance, user chatbox and sincere regard for community feedback.
Automatic, Anonymous Account Registration
Exactly like Utopia, all you need is an alias and a password. The exchange uses your ecosystem Public Key to verify you automatically; no real names, phone numbers or even e-mail addresses. New accounts are approved without any human input and obtain total access to the exchange. This simple account registration is the exclusive form of verification required, identity verification simply does not exist in any form on the platform. Even your IP address is not collected because all ecosystem websites ever see is “127.0.0.1” from any user, exactly as it should be for a privacy-preserving ecosystem like Utopia.
No or Low Fee Model
The first trading pair available at Crypton Exchange is CRP/USDT and depositing or withdrawing either asset incurs no fees beyond the transaction costs of the associated blockchain network. A small number of other cryptocurrency exchanges take a fee upon depositing, while a great many other exchanges take a fee when withdrawing, but Crypton Exchange does neither—only charging for the blockchain transaction cost. Trading incurs a fee of 0.1%, one of the lowest rates across the entire industry.
Automatic Withdrawals without Limits
Ready to withdraw your newly acquired Crypton (CRP) to your Utopia client’s built-in uWallet? You won’t have to wait long, because Crypton Exchange has automated the process and does not have any artificial limits on how much you may withdraw daily. This means that within a few seconds of your request, your CRP is transferred to you, no questions asked. No compliance team is required to manually approve your request, you will not be asked to take silly pictures of yourself holding your passport, nor will you be told that your funds have been frozen due to suspicious activity. The withdrawal process is just as smooth and painless as the deposit process, exactly as it should be.
Censorship Resistance
Although Crypton Exchange is available on the open web at https://crp.is, because it is also hosted in the Utopia P2P Ecosystem, the exchange is resistant to both censorship and seizure. There is no centralized registrar from which authorities can seize its Utopia domain, nor can authorities issue a court order to a hosting provider to demand a takedown because the exchange is anonymously self-hosted and securely delivered across the peer-to-peer network of Utopia. Crypton Exchange leads the way in demonstrating just what is possible with Utopia P2P.
User Chat Box
One of the most rewarding aspects of the Utopia P2P Ecosystem is the ability to interact and communicate with users from around the world, as there are vibrant communities from Vietnam, Turkey, Russia, China, and Latin America, among others. Crypton Exchange has enabled such interaction to continue even on the exchange itself by implementing a chat box directly in the trading interface, showing us how privacy and anonymity can still be social and friendly.
Sincere Regard for Community Feedback
Since CRP/USDT is the first trading pair available on Crypton Exchange, users in Utopia naturally compared the slow transaction speed and high transaction cost of USDT’s ERC-20 token on the Ethereum blockchain to Crypton’s nearly instant speeds and very low costs. One of the first user requests that emerged was to offer USDT as a TRC-20 token on the Tron blockchain.
Within days, Crypton Exchange support informed users this request was accepted and they will begin offering this option later in the month. Additional community feedback has included the adoption of major trading pairs alongside CRP and the porting of the exchange outside the ecosystem to the open web in order to expose more users to the amazing world of Utopia and Crypton—this feedback was implemented on January 25th, 2021. We are all excited to see what the future holds for Utopia and the new Crypton Exchange!
