Introduction to Ping Exchange

December 21, 2023

Hello Ping Trader,

Before you successfully make it to Ping Exchange, a significant milestone in your trading journey, you might be wondering what the platform offers and how to get familiar with it.

In this article, we shall delve into the distinctive characteristics that set this exchange apart, explore its exceptional features, and guide you through the initial steps to familiarize yourself with its basic functionalities. Your journey with us is about to begin, and we're here to ensure you're equipped with all the knowledge you need to thrive on Ping Exchange.

Unique Login System

The fact that Ping Exchange belongs to the environment of applications based around Core Blockchain has allowed the exchange to utilize a truly unique login gateway — the CorePass ID application.

CorePass ID is your entrance to the Core Blockchain ecosystem as the first fully decentralized digital identity that allows you to digitize all your documents, imprint this information into the blockchain with your unique access right, and provide a KYC verification in the process.

For Ping Exchange users, implementing CorePass has several advantages, including:

Instant passwordless login at any time
  • In a very common situation, when the market can offer up some favorable prices on your valued assets, signing into the exchange is a matter of seconds.
Seamless system
  • There are no complicated login processes such as 2FA verification or other.
Ironclad security
  • In CorePass, your personal information is protected on the blockchain as your very own identity NFT.
Unique built-in HD wallet
  • You have the possibility of instant withdrawals and deposits of XCB and CTN from Ping to CorePass and vice-versa.

A simple way to log in

Once verified via CorePass, you are able to log in in a few easy steps:

  1. Click on “Get started” in the upper right corner.
  2. Scan the QR code in your CorePass application by using the blue plus button at the bottom.
  3. If you have met all the requirements (verified an ID document, proof of address, and a piece of contact information), you can proceed to unlocking trading by means of another QR code.
  4. Accept the incoming request.
  5. Once verified and unlocked, you may proceed to trade.

Cutting-Edge Compliance Platform

Ping also prides itself on its cutting-edge compliance onboarding and monitoring platform. Developed on the CorePass and Core Blockchain technology, this V1 platform introduces a seamless, user-friendly interface that takes KYC, AML, PEP, and sanctioned user management to unprecedented levels of efficiency and transparency. 

Compliance officers and users alike have access to a streamlined experience, including automated document verification and trust in blockchain technology for onboarding new clients. This ensures compliance officers stay ahead of the evolving regulatory landscape by providing insights into dynamic risk management across multiple jurisdictions.

This blockchain-based compliance standard, developed in partnership with CorePass and implemented on the Core Blockchain Network, guarantees real-time, verified data on every login, making it the most compliant platform to date, meeting all required standards including GDPR, CPA, CCPA, and more.

Moreover, what sets this platform apart is its adaptability to comply with all local and international regulations, ensuring compliance officers are always ahead in an ever-changing regulatory environment. Frequent updates driven by new regulations and valuable client feedback will keep the platform current and fully functional.

Getting to Know the Platform and Its Tiers

First and foremost, Ping Exchange offers basic features, such as Market trading, Limit, and Stop Limit. The available cryptocurrencies to trade are BTC, ETH, LTC, USDC, and, of course, the Core Blockchain’s own XCB and CTN.

With your initial login, you might temporarily land at Tier 0, if your initial verification requires confirmation or further consideration (if, for example, you come from a country with identified risks).

In case there is no need for further verification, you will find yourself at Tier 1, which entails the essential trading rights for you, such as these withdrawal limits:

  • 5,000 CHF / Transaction
  • 7,500 CHF / Calendar month
  • 70,000 CHF / Calendar year

When applying for Tier 2, you will be asked to fill out an additional questionnaire about your finances. After a successful review, you can then proceed to Tier 2, which provides you with the following withdrawal limits:

  • 20,000 CHF / Transaction
  • 50,000 CHF / Calendar month
  • 500,000 CHF / Calendar year

With Tier 3, you get unlimited withdrawals after providing your source of funds.

First Exchange to Trade XCB and CTN

As the world's first platform to feature XCB and CTN, Ping Exchange offers traders a unique opportunity to delve into assets underpinned by cutting-edge Core Blockchain technology. This dynamic duo boasts an array of distinctive qualities that make them a compelling choice for traders of all backgrounds.

Core Coin (XCB)

Core Coin (XCB) is a unique cryptocurrency native to the Core Blockchain network, renowned for its eco-friendly Proof-of-Work (PoW) algorithm, enabling swift transactions. Unlike its competitors, Core Coin sets a new standard for environmental sustainability while maintaining efficiency in mining operations.

The blockchain architecture uses XCB to process all hash transactions and network fees, with an annual supply of 18-22.5M. Furthermore, it positions Core Coin to achieve speeds of up to 10,000 transactions per second, rivaling industry giants like Visa and Mastercard.

Coin (XCB) will be tradeable in various pairs including XCB/CTN, XCB/BTC, XCB/LTC, XCB/ETH, and XCB/USDC.

Core Token (CTN)

Core Token (CTN) functions as a utility token within the Core ecosystem, serving as a means of identification during transactions and data exchanges across various services. It plays a pivotal role in the Ylem Smart Contract Platform, acting as the custodian for this innovative service. CTN facilitates execution, data transmission, and record verification within the Core ecosystem.

With a total supply of 1 billion units, the value of CTN is poised to increase due to its high demand. The token offers 18 decimal places to ensure smooth facilitation in response to both high demand and limited supply. 

For trading convenience, Core Token is available in various pairings, including CTN/XCB, CTN/BTC, CTN/LTC, CTN/ETH, and CTN/USDC. This versatility ensures accessibility and seamless integration within the broader digital trading landscape.

🚀And Now You’re Ready to Trade

As you embark on your trading endeavors with Ping Exchange, remember that knowledge is your greatest asset. Continuously explore the platform, engage with the community, and stay updated on market trends. Should you ever find yourself in need of assistance, our dedicated support team is always at your service.

May your trades be prosperous and your investments fruitful. Here's to a successful journey with Ping Exchange that’s right around the corner!

Happy trading!

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