Exchange Union, which aims to connect digital asset exchanges, has teamed up with FundRequest to form a rewards program for open source developers. The initiative sees contributing developers eligible for rewards, administered in the form of Exchange Union’s native XUC token, for their collaborative efforts.
The proliferation of cryptocurrency exchanges has led to challenges with ensuring sufficient liquidity to meet demand, exacerbated by the isolation of assets on disparate platforms.
Exchange Union utilizes layer two technologies to connect these platforms, improving the trading experience for all parties. FundRequest’s introduction of XUC tokens as a means of funding development will support Exchange Union in this endeavor. As a result, developers can now submit bug fixes, perform security audits, and make protocol improvements in the knowledge that their efforts will be remunerated.
Kilian Rausch, Product Director at Exchange Union, said: “Creating a highly liquid exchange from day one is extremely difficult. The open source XUD node software we are developing solves that problem by enabling instant, secure and trustless transactions between exchanges. Thanks to the rewards program we’ve now initiated with FundRequest, developers can play their part in improving this valuable technology whilst earning XUC tokens.”
FundRequest’s developer marketplaces brings together open source developers to facilitate collaboration on a wide range of projects. Developers are encouraged to work together on blockchain projects whilst earning rewards and broadening their knowledge. In addition to supporting the growth of the decentralized economy, FundRequest enables developers to keep abreast of the latest issues that are affecting the cryptocurrency community and to work together to devise solutions to the most pressing problems within the crypto space.
“FundRequest supports an array of projects and our most recent partnership with Exchange Union continues this tradition,” said Karel Striegel, CEO of FundRequest. “It’s great to have them join our network and give developers more exciting projects to contribute to and get rewarded.”
Through the introduction of XUC tokenized rewards, developers now have an added incentive to refine Exchange Union’s three-part technology, comprising of payment channels, atomic swaps, and a decentralized order book. In doing so, they will help to improve the security, liquidity and user experience of cryptocurrency exchanges for all traders.
Exchange Union is the latest company to join the FundRequest Affiliate Network which already includes a distinguished group of blockchain companies, including: SingularityNET, Request Network, ORCA, Dock.io, Lendroid, Remote, Indorse, and Trust Wallet. To learn more, click HERE.