7 main competitive advantages of Bistox
About Bistox
Bistox is an advanced, semi-centralized cryptocurrency exchange designed for traders with varying levels of knowledge. Proper decentralized exchanges are often promised and now is the time to build one.
Bistox understands the importance of securing your funds and personal information, so we have carefully engineered our system and user experience. We are introducing a brand-new engine called D.A.N.N.I. (Decentralized Artificial Neural Network Integration), your personal self-learning trade assistant that analyzes market data in real time, provides forecasts and solutions based on the vast experience of professional traders.
To complete the package, Bistox is powered by NEM – the world's first "Smart Asset" blockchain built with business in mind.
With an incredibly fast order matching engine and high-end features, you will get the best trading experience available: Well trained customer support specialists are at your service 24/7 along with world's best internet security specialists.
Our vision is to contribute to the expansion and deep integration of blockchain technology into the global economy.
7 main competitive advantages of Bistox
1: Full transparency
All fees charged by Bistox, their amounts, calculation mechanisms and conditions will be published. No hidden payments, no surprises — every user will know in advance how much and for what he will have to pay.
Moreover, Bistox is working on the NEM blockchain, so all the actions of the exchange management will be saved and visible to the community, that eliminates the danger of manipulations.
2: Regular audit
The Bistox team did not stop only on the use of blockchain and the policy of transparent commissions. Every six months, one of the world’s largest audit companies (KPMG, PwC, Ernst and Young, Deloitte) will conduct an audit of the exchange and openly publish a report. And each time the audit will be carried out by a new company, so that auditors will, in fact, also check each other’s work.
3: Licensing
From today’s top five leaders among the cryptocurrency exchanges, only one is regulated in accordance with US law. The rest are not regulated at all. Bistox will undergo a full licensing process in several jurisdictions at once. Yes, clients will have to pass KYC and AML procedures, but regulators will ensure the maximum possible safety of their funds.
4: Partial decentralization
The use of the NEM blockchain and its Smart Asset technology base allows Bistox to combine the best features of decentralized and centralized cryptocurrency trading platforms.
Users will be able to make deals without transferring funds to the wallet of the exchange and retaining full control over them. However, the exchange will not be behind the best centralized platforms in speed — Bistox copes with 1.8 million transactions per second.
5: Available technical support
Cryptotraders are already accustomed to the fact that in case of problems, the support service of even the best exchanges answers the next day, if you are lucky. Often, communication with technical support is a fascinating adventure for several weeks with an uncertain outcome.
Bistox is one of the first (and the very first of the decentralized) trading platforms where the technical support work will be implemented in different languages 24 hours a day. It will be possible to contact the operators including by phone, which will allow you to receive answers to the most important questions immediately.
6: Social Trading
It is a unique mechanism that will allow experienced traders to obtain additional income, and beginners will be able to significantly improve their efficiency and learn from the best.
A top-trader will be able to publish a portfolio of his deals, and his “students” will be able to copy them in percentage terms. In this case, the “teacher” will receive some part of the commissions charged from his “students”, which guarantees the benefit for all the participants in the process.
7: Artificial Intelligence
The D.A.N.N.I. (Decentralized Artificial Neural Network Integration) is implemented into the Bistox platform. It is an artificial intelligence that works as an assistant and adviser to a trader. D.A.N.N.I. analyzes a huge mass of data related to the market situation and trader’s deals, adjusts to its trading style and provides analytics, recommendations and tips that are most relevant to a particular user. It can even try to keep the trader from making mistakes and losses from decisions made “on emotions.”
“When choosing the platform, we took into account the speed of transactions, the scalability and the safety of procedures. Therefore, we selected the flexible and fast NEM platform that addressed and resolved all the limitations and drawbacks other blockchains had,” said Bistrox’ CTO, German Sidorenko.
FOR MORE INFORMATION ABOUT BISTOX, PLEASE VISIT:
Website: https://bistox.com
Telegram Chat: https://t.me/Bistox
Telegram: https://t.me/BistoxExchange
Twitter: https://twitter.com/BistoxExchange
Facebook: https://www.facebook.com/bistox.exchange
Reddit: https://www.reddit.com/user/Bistox/
Medium: https://medium.com/@Bistox_Exchange
Author: HoangBinMCC
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1330327