BQT: SHIFTING THE FOCUS AWAY FROM FIAT_CURRENCY TO CRYPTOCURRENCY
INTRODUCTION
In the quest of making a way by which both crypto and Fiat funds can function without restrictions. BQT has brought an idea of reducing the dependence on Fiat altogether. Each crypto resources has its value which can be used to trade for another crypto resources. With this truth, BQT has provided a means at which crypto assets of various types can be traded and negotiated directly with other trader.
BQT is a trading platform that seeks to provide a safe, interactive and a peer2peer transaction condition plus a user-friendly dashboard for the efficient management of different types of transactions including several ledger assets. The platform allows interact from different individuals from all around the world. The interaction is to share their various experience between each other within the community. To leverage on the advantages of the sharing of different crypto assets, BQT has introduced a hedging transacting system that is distinct from the Margin and Future exchange system that is common in our society today. The hedging exchange system gives way to an easy and rapid means for traders to get more ledger assets for a short period of time by depositing their existing ledger accounts.
ABOUT THE CRYPTOCURRENCY MARKET
The present crypto market has given way for a huge success in the crypto world which is estimated to be about $268.23 billion as of March 2018. However, this could not have happened if not for the emergence of Bitcoin in the year 2009 which became a great asset in December 2017 and truly opened up cryptocurrency to a very wide range of adoption. Without doubting, Bitcoin still holds about 45% of the transaction made in the crypto market. Furthermore, it has also been stated that the current users of ledger wallet are about 2.9 million to 5.8 million. Although, it is difficult to highlight the active users the center for alternative finance has calculated to be about average active wallets.
Moreover, after the emergence of Bitcoin, several setups have emerged to produce services that will enhance the effectiveness of the blockchain system, but their efforts was based on bringing Fiat and crypto to a point whereby they can easily relate without restriction. But unfortunately, there is still no perfect system that has successfully made this work throughout the world. Fortunately, BQT has provided the best solution we all desire.
THE CONCEPT OF BQT
Several crypto platforms are on the run of providing a better way at which crypto and Fiat_currencies can function hand in hand. BQT has provided a better way of reducing the dependence on Fiat altogether by providing a negotiation network whereby each assets can be valued among the users and use it to acquire another assets. This platform believe that there is a way to create a system at which the users can come together and negotiate on a particular crypto assets that will lead to trading of the assets between their pairs.
The world objective of this system is to create an ecosystem that is consisted of crypto traders which can help the community grow and thereby also benefiting from the advantages there of.
BQT exchange system will render a safe, and conducive environment for easy trading among the users of the ecosystem. Within the ecosystem, several crypto assets can be traded as the platform has given opportunity for a wide range of several crypto transactions.
BQT system also has given way for traders to relate one to another and negotiate their assets in exchange for another assets and thereafter sharing their experiences within the ecosystem.
In the quest to take advantage of ledger assets, this platform has provided a hedging operation that give way for smooth trading within the system by giving the users an interface at which they can trade or exchange their various assets between each other. This great approach enable Crypto Traders to utilize their Crypto resources to acquire noticeable number of additional Crypto Assets they believe in without a need of a traditional margin trade.
BQT SYSTEM WORK FLOW
This system has leverage on the safety provided by digitalized operations of the blockchain system. With this, BQT will provide a flexible operation for Traders world wide.
Every nodes and database is coded in a variety ways just to make sure that the users are secured from every forms of security breakdown.
BQT TOKEN DETAILS
This platform is providing an initial coin oferring which has started by July, 2018. About 200,000,000 tokens have been prepared for sale at Ico. This platform will draw about 1% fee on every transaction and 3% fee on every hedging transacting trading. BQTX tokens can also be utilized as a collateral medium within the system. BQT exchange will return about 50% revenue generated within the platform in the first three years to the users which will be gladly distributed among them.
A LOOK AT THE PROJECT ROADMAP
BQT TEAM
CONCLUSION
It is crystal clear that the emergence of this platform will definitely reduce people's focus on Fiat exchange and thereby enhancing a further mass adoption within the crypto world.
BQT OFFICIAL LINKS
Website: https://bqt.io/
Whitepaper: https://bqt.io/assets/pdf/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4855053.msg44205944#msg44205944
Telegram: https://t.me/BQTCommunity
Twitter: https://twitter.com/bqt_ico
AUTHOR'S DETAILS
Bitcointalk Username: Chomsy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1759759