Forestcoin cryptocurrency exchange to be powered by market leading software vendor: Modulus; Operations commencing Q2 2020
Forestcoin is excited to announce that it has selected Modulus® www.modulusfe.com as the Cryptocurrency
Exchange Software that will power www.exchangeforest.com.
Since
1997 Modulus® has provided equities, futures, and forex trading technologies to
thousands of clients including banks, hedge funds, financial institutions,
exchanges and software companies around the globe. Their clients include
NASDAQ, TD Ameritrade, JP Morgan Chase, Bank of America, and many other top
names. Modulus provides advanced products and services throughout 94 countries,
and their technology reaches over three million traders and investors around
the world. The Modulus® exchange processes up to 10 million transactions per
second and has advanced security built in.
www.exchangeforest.com will
launch with FC/BTC and FC/USDT (Tether - pegged 1:1 to USD) trading pairs, and
will include Foreign Exchange rate and Merchant Facility integrations so
businesses can accept FC from customers equivalent to an amount in their local
currency, and at Point of Sale get immediate exchange for BTC or USDT, which
they can then withdraw to an exchange in their own county and cash out to their
bank.
Forestcoin
is a cryptocurrency where the coins are “mined†by planting trees. Anyone in
the world can download the Forestcoin mobile app to take before and after
photos of their tree planting. The planting is then assessed by other
Forestcoin users, and once approved, Forestcoin cryptocurrency is minted and
issued to the user. With a 5 second block time and 1 block confirmation
finality Forestcoin is an ideal transactional coin, and because every coin has
been created by the planting of a tree, Forestcoin hopes to capture the
hearts and minds of millions of people that are concerned about client change,
and also to businesses that want to promote their brand as one that supports
tree planting by accepting FC as payment.
Simply by
choosing to pay for goods and services using FC (instead of credit card) people
will be supporting tree planters around the world, and with the rock solid
cryptocurrency exchange solution supplied by Modulus®, businesses can be
confident that Exchange Forest’s technology is built for success.
The
launch date of the www.exchangeforest.com cryptocurrency
exchange is targeted to be Q2 2020.