FXPay: A Decentralized Gateway To The World's Digital Ecosystem
Project Overview
What does the company/project do?
FXPay is a blockchain project that aim to solve the inefficiencies in the multi trillion dollar foreign exchange(FOREX) market. There are many challenges an average Forex traders faces everyday which can only be solved by offering a digital currency to brokers and traders, which will serve as a medium through which to effortlessly convert fiat currency into FXP tokens.
Through FXPay platform, Forex traders will be able to covert FXPay token into any Forex pairs of their choice and then use the Forex credit to participate in the market and after the closing of the trade, traders will be able to trade Forex credit back into FXP or any other digital currency. They can also choose to retain the Forex credit for next trade continuity or withdrawninto fiat currency through the Forex trading platform, at minimal cost.
FXPay provide an innovative platform with highly reduced fees and faster transaction times which increased profit margins and investment potential for traders, and cost savings for brokers when transacting with liquidity providers.
FXP token can be used as hedging during high market volatility for Forex traders while Crypto investors can also swap their crypto for a more stable fiat alternative, until the market has stabilized.
FXPay Blockchain System
How advanced is the project?
FXPay was established this by expert in Forex trading and blockchain industry, below is a diagram of the platform further development.
What are the tokens used for and how can token value appreciate?
The FXP token is FXPay native utility token which will continue to appreciate in value as usage increases in the forex market and use FXP the numerous transaction process. Below are the list of the token utilites:
- FXPay acts as a payment gateway system for the Forex industry, the world’s largest financial market.
- FXP is an ERC20 token that operates on the FXP is an ERC20 token that operates on the Ethereum network, one of the most robust and reliable blockchain technology platforms.
- FXPay has formed a partnership with prominent brokers who act as facilitators and providers of Forex. Through this partnership, cash back bonuses can be redeemed for Forex credit. This credit can then be used in the market.
- Utilization of smart contracts which save customers up to 90% when compared to current payment structures.
- A cash back bonus in Forex credit to private and pre-ICO participators who join the FXPay community.
- FXPay Inc. will be able to bypass middlemen and maintain an advantaged presence on the platform by becoming their own liquidity provider.
- FXP is an essential utility coin which will FXPay merges with the fastest growing crypto-market established and the highly lucrative forex market.
- FXPay has developed a mobile application for the storage and transfer of FXP and Forex credit.
- FXPay has partnered with MasterCard/VISA to issue an FXP debit card that can be used for transactions worldwide.
Token Sales Details
Team
As I said before, FXPay are experts in Forex and blockchain technology, you can get know more about them here
Conclusion
FXPay aim to distrupt the multi trillion dollars foreign exchange market with blockchain technology in order to solve the challenges traders and brokers face daily. The project is well developed and the token usecases are awesome. It is a project that I recommend to everyone but inasmuch as am not a financial advisor, you will need to do more findings about it in anyway you can.
Useful Links
project Website
Whitepaper
ANN Thread
Telegram Open Chat
Reviewed By Adebits
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