Steve Jobs summed up Apple’s product philosophy with a quote: “simplicity is the ultimate sophistication† Guided by this vision, which is at the heart of all Apple products, the company has delivered simple, easy-to-use user experiences and built unassailable brand barriers.
In April 2022, the CoinEx adopted a brand new slogan – “Simplify your crypto trading† The exchange aims to implement this new vision of “trade simplification” across the ecosystem.
The positioning of “simplicity and ease of use” reflects a consensus reached by the CoinEx team after a long decision period. In light of blockchain’s rapid advancement in recent years, CoinEx has considered what value it could create for more users.
As we all know, although there are millions of blockchain users, only a small fraction of them fully understand how the technology works and benefit from applying the right strategies. This is the main reason that new investors and potential users are discouraged when faced with high entry fees and blockages to blockchain technology.
If blockchain intends to serve more people and create more accessible products, it is essential build a bridge that brings users to the blockchain spacewhich motivated the CoinEx brand’s new slogan: Simplifying Your Crypto Trading.
THE CoinEx Smart Chain (CSC), the public chain of the CoinEx ecosystem, aims to: build a powerful, decentralized financial system† Committed to the same vision as CoinEx, CSC strives to enable rapid growth through the core value of “simplicity”.
Unlike on-chain projects, CSC is a blockchain infrastructure, which means that it should not only provide satisfying user experiences, but also a simple and user-friendly platform for developers†
So for CSC, the key to making brand differences is to create a easy-to-use underlying protocol and solid infrastructure tier, provide developers with a comfortable work environment and financial support for exceptional projects.
A developer-friendly protocol
Convenience for the developer is one of the main advantages of CoinEx Smart Chain. Based on its compatibility with EVM, CSC uses PoS, an innovative consensus mechanism, to provide developers with a powerful platform, allowing them to take advantage of features such as high throughput, scalability, security and low cost†
With strong compatibility, it is possible for Ethereum developers to migrate applications to CSC at a low cost. In addition, they have can build a bridge between Ethereum and CSC with fast blocking time (in seconds) and negligible costs. THE CoinEx Smart Chain lowers the entry threshold and creates a simple and easy-to-use public network environment for developers.
Embrace the multi-chain ecosystem
As the category evolves into a multi-chain universe, public chain ecosystems with satisfying user experiences are needed, emphasizing the importance of cross-chain bridges. Last year, CoinEx Smart Chain launched the CSC bridgewhere it is possible Easily switch assets from Ethereum, BSC and Tron to CSCenabling the circulation of funds in cross-chain.
Internet work sharing is a critical part of the CSC ecosystem. Nothing but cross-chain bridges Quick and practical, a public chain can help to better capture external value. In the future, the CSC Bridge also supports asset exchange over more public networksallowing an increasing number of users to join the ecosystem.
Long-term plans and incentives for building ecosystems
Building ecosystems is the most important factor in the growth of a public network. In addition to the high performance and fluidity of user experiences, the public chain should also look for a favorable development environmentwhich is reflected in the level of support it provides to emerging projects.
Shortly after its inception, the CSC launched growth funds such as the Multi-Million Support Plan and the Metaverse Special Fund for encourage ecosystem construction† These efforts have attracted more developers and project teams and lowered development costs, making it easier to implement in a “simple” way.
Developers support the growth of a public chain, and a public network ecosystem needs the support of the developer community if it is to grow. So, in addition to support funds, CSC also offers technical support† For example, CoinEx Smart Chain organized the Global Hackathon Grants last year and started recruiting Pioneers.
Through events such as competitions, CSC reaches out to the developer community and in partnership with them explores blockchain technology† supported by pioneer program CoinEx Smart Chain, the public network shares CSC specific development guides and basic knowledge. This helps more developers to easily create projects and enables the ecosystem thrives in the long run†
Conclusion
Simplicity and ease of use are central to the company’s vision. CoinEx Smart Chainas well as creating a thriving ecosystem by building a stable, secure and high-performing public network environment with the Multi-Million Support Plan and Metaverse Special Fund, as well as strong support for ecosystem growth and user education.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
