BITEX - The First Locally-Embedded Global, Crypto-Bank
BITEX - The First Locally-Embedded Global, Crypto-Bank
Introduction
The new ideas are coming each day. Individuals need to put resources into the new tasks. We have the greatest instrument on the planet, and it is known as the Internet. The web is a gigantic base of data where we can do anything. Web has associated the whole world. One of these ventures is Bitex, a decentralized stage that intends to be the principal worldwide crypto boycott which empowers shoppers and vendors change over nearby fiat money into more than 500 monetary forms at diminished rate.
BITEX
Bitex is a decentralized stage that plans to be the primary worldwide crypto boycott which empowers buyers and vendors change over neighborhood fiat cash into more than 500 monetary standards at diminished rate and rapidly. The stage likewise offers clients the chance to have their own customized wallets and private keys that won't be imparted to the stage. The objective is to keep away from unpredictability of the digital currency market to empower clients have the correct sum they asked. Moreover, clients approach individual advances and their crypto will be utilized as insurance which will be given back quickly the credit is paid back.
BITEX will give hyper-restricted crypto-keeping money benefits through their worldwide stage to advance proficient development over different landmasses, concentrating overwhelmingly on Asia. Societies vary in their managing an account inclinations - a confined system takes into account more engaged and computed basic leadership.
The Bitex crypto-saving money arrangement is made to profit those that are inadequately or not served by customary managing an account framework. This new cryptobank will restore the simple reason for which a bank was made in any case (a foundation that enables the economy to work and develop by giving an approach to oversee reserve funds, give intends to installments and cash exchange, and encourage advances). The Bitex has distinguished the Asian and Middle East markets as they are developing and, from see, require a hearty digital money based budgetary framework. It is believed that, the effect of the Bitex stage will be best exhibited in these business sectors.
We're taking the amiable characteristics that banks offer, for example, network organizations and building a nearby nearness and joining them with the advantages and the productivity that a decentralized blockchain gives.
THE BITEX BLOCKCHAIN CRYPTOCURRENCY SOLUTIONS
The segment of stun dependably develops in each undertaking. it makes the claim to fame and primary issue of accessibility. Bitex is a system impactful bank meeting its existence overall cash related system successfully. This "propounds the assignments and hyper-localized"(ico.bitex.global) for an inside and out portrayed advanced cash sparing cash exercises. The disentanglement is to influence a tried and true system and alter for clear ideological to create prompting and progressing blockchain keeping cash improvement. This sincerely keeps up the viability, ampleness and valuable nature of the Bitex exercises including the blockchain.
The truth of the issue is that social orders fluctuate, as is tendency. This furthermore infers the choices of systems on their fiscal dealings is formed in an unforeseen way. Thusly, bitex plans to associate this gap and make a fit association for dealing with a record errands dynamically anyway dependent on blockchain determination instrument and structures. In this way, Bitex will saddle all dealing with a record exercises and make its indispensable closeness following the tendency of its region in a more clear, versatile, fundamental and kept up focal event all things considered. Furthermore, Bitex will give all required sparing cash organizations of portions assignments, trading, withdrawals, stores and advances all things considered with the convincing impact of computerized cash structures. Bitex is exceptional in the whole of its keeping cash frameworks and center points.
Administrations OFFERED
• A decentralized, conveyed and changeless record which can't be influenced by any single purpose of disappointment or trade off.
• A worldwide scale, unrestricted by national limits, albeit subject to national/nearby laws relating to saving money and fund.
• The capacity to lead escrow installments through cryptography instead of conventional, tedious installment strategies.
• The capacity to complete pseudonymous exchanges between parties where trust is caught through cryptographic means instead of composed contracts or outside supervision.
• Include digital forms of money as equivalent accomplices to fiat monetary standards in exchanges between people, people and organizations, and between organizations.
Highlights
• EZBitex: the cash trade and managing an account foundation with a decentralized, conveyed and changeless record gave by Bitex, which supports the working of the whole framework
• BitexPay: the cutting edge installment answer for the two buyers and dealers.
Knowing completely well that Bitex is exact in the entirety of its managing an account outlines and hubs, This unequivocally keeps up the productivity, viability and successful nature of the bitex tasks identified with the blockchain. Blockchain-construct arrangements worked with respect to Ethereum, utilizing open disseminated records, cryptotokens and shrewd contracts offer members a methods for making an incentive through trusted and straightforward associations on a worldwide scale. This structure is especially suited for the formation of a saving money stage. Henceforth, bitex would like to connect this hole and make a fit connection for saving money tasks powerfully however reliant on blockchain selection instrument and frameworks. Subsequently, bitex will tackle all managing an account activities and make its key nearness following the inclination of its locale in a more straightforward, versatile, quintessential and kept up central case generally. Besides, bitex will offer all needed managing an account contributions of bills activities, purchasing and offering, withdrawals, stores and advances in greatest cases with the intense quality of cryptographic money systems.
Exchanging ON EZBitex PLATFORM
Purchasers that desire to exchange digital currencies utilizing the crypto-trade administrations of the EZBitex stage will populate a Trading Wallet related with their record. The crypto resources in this wallet can be utilized for different requests for edge exchanging, constrain exchanging, use, and so on. Purchasers taking an interest in exchanging will pay exchanging charges designated in every digital currency they offer while for fiat money the expenses will be changed over into XBX tokens at the present market cost on the EZBitex trade naturally.
The EZBitex stage will offer APIs to key elements of its worldwide stage to enable engineers to make nearby managing an account applications. To this end, Bitex will give the accompanying assets:
● The Bitex Open API will enable nearby vendors to execute BitexPay and "Controlled by Bitex" applications that are tuned to neighborhood needs (e.g., dialect bolster);
● A Bitex Marketplace where different vendor applications created through the Bitex Open API are accessible to different shippers;
● A Bitex Developer Program that urges neighborhood designers to work with nearby dealers to convey novel applications to the Bitex commercial center
BENEFITS
Buyers
The Bitex crypto-managing an account arrangement expects customers to keep up their own particular crypto wallets (the Holding Wallet) on their cell phones. No private keys for this wallet are imparted to the EzBitex stage. A really decentralized method for putting away the other client wallets (Payment Wallet, Trading Wallet, and so forth.) on the Bitex stage and utilizing the stage just when required will enable Bitex to guarantee that client resources are protected from hacking or different assaults. Close by with this, Bitex will scramble improvement source code and in addition utilize PCI Standard Certification for security sooner rather than later.
An individual, versatile wallet makes the Bitex crypto-saving money arrangement generally accessible, as late investigations demonstrate that portable entrance is boundless all through the world and permits a more prominent level of the populace in immature nations to take part in budgetary exchanges than approach regular managing an account administrations.
By keeping up control over one's wallet, and sharing just certain sums intentionally with Bitex for different purposes, for example, buys or exchanges, buyers won't have their whole crypto resources under the control of a brought together element (similar to the case with current crypto-trades) with all the security chances that it involves.
Shoppers won't subjectively or impulsively be denied the capacity to buy cryptographic forms of money in any trade utilizing Visas offered by outsiders that are "Controlled by Bitex" or their BitexPay charge cards. EZBitex as the card handling system will guarantee that such exchanges are approved by the card backer.
Traders
Traders have numerous choices for accepting installments - by means of a versatile EZBitexPay application, QR codes, and card perusers.
Online traders can include BitexPay as an installment alternative to their internet business entries.
Once more, for straightforward shippers, (for example, road sellers) the omnipresent cell phone can be the vendor's getting wallet. There is no need a customary ledger.
Administration
Assets raised amid the ICO will be administered together by the investors of the neighborhood, authorized organizations in every one of the nations where Bitex will work. A nearby organization will be enlisted in every nation where Bitex will work, with the organization acquiring any licenses important to work as a neighborhood crypto bank.
Those investors that hold more prominent than half of the offers of the neighborhood organization can vote on the headings to be taken and utilization of the assets brought up in the ICO. A money related review will be directed by at least three organizations to promise financial specialists that the assets raised amid the ICO are utilized to build up the crypto-saving money foundation.
Accounts
Bitex Global has officially raised USD 2,760,000/ - through the offer of Bitex establishment licenses to accomplices in twelve nations. The cash raised from neighborhood licensees will be utilized for making the nearby framework
Bitex XBX Token - Token Sale and ICO Details
The XBX token is therefore the utility token that allows various stakeholders in the Bitex financial ecosystem to use its offered services.
BITEX is conducting an Initial Coin Offering of its utility token, XBX.
All transactions regardless of the EZBitex platform will require payment of fees in XBX tokens. Such as BitexPay, Bitex Atm, Bitex Debit Card, Powered By Bitex card and so on.
XBX token utilizes a unique design that not only powers the banking infrastructure but also rewards user loyalty while cultivating a robust developer ecosystem. By developing a mechanism to encourage adoption of the Bitex services, Bitex is able to bring more local services to its users while also increasing the supply of merchants.
Bitex
0.55% of XBX token is burned as transaction fees.
32.75% of the transaction fees collected will be used to provide a discount to consumers staking XBX tokens on their own transaction fees.
TOKEN Distribution Model and Economics
70% - Sold to public
15% - Reserved funding
9% - Founders and Team
3% - Advisors
1.5% - Bounty
1.5% - Campaign
FUNDS DISTRIBUTION
17% - Legal and accounting expenses for expanding to new regions
47% - Ongoing development of all Bitex platforms
13% - Comprehensive marketing campaign material
10% - Recruitment of banking team and expertise in financial industry
5% - Investment in developing Bitex related Apps and platforms for future expansion
8% - Administrative expenses for running Bitex global
ICO Structure
Symbol: XBX
Token name: Bitex Coin
Total supply: 300,000,000 XBX
Soft-cap: 1,000,000 XBX
Hard-cap: None
Pre-ICO Token price:
0.5$ = 1 XBX
Cost of 1 token XBX:
$0.7 to $1.0 at end of token sale
Term of token sale:
90 days with the possibility of an automatic early completion in pursuing the final goals of ICO.
Expanded goals after start of ICO: Impossible
The technical limitation of the number of tokens: 300,000,000 XBX
Adjustable emission:
The tokens remaining unsold after the pre-ICO and ICO phases will be vested in a Bitex company account controlled by a smart contract. The smart contract will be programmed to release each month to the Bitex community 1⅔ % of the total tokens initially held.
Secured ways to purchase tokens:
XBX tokens will be available for purchase using Ether (ETH), and the following fiat currencies: CHF, EUR, USD, GBP, DKK and SGD and Bitcoins (BTC) will be updated soon.
ROADMAP
Q2 2017: Bitex Business project structure constructed
Q3 2017: Company registration and beginning of development. Work on:
Holding Wallet
XBX Token (ERC20 Protocol)
Trading Wallet and EZBitex platform
Mobile App (Android and iOS)
BitexPay and “Powered by Bitex” software kit
Q2 2018: Beta test and launch
EZBitex Platform V 1.0 with Trading wallet, Payment wallet and the Holding Wallet
Mobile App EZBitex
Upgrade of security structure and support center
Q3 2018: EZBitex Platform V 2.0 with BitexPay and Powered by Bitex & savings Wallet.
Bitex B2B and B2C payment platform and BitexPay Merchant App with GPS locator and BitexPay Merchant App Kiosk
Q4 2018: EZBitex Platform V 3.0 with Loan Wallet
BitexPay Module and POS
BitexPay API key develop and bug testing “Powered by Bitex” card
BitexPay API key release for corporate payments
Q1 2019: EZBitex Platform V 4.0 – API based card and its integration for POS (via Bitex API)
Q2 2019: BitexPay Escrow Account V 5.0 – payment Gateway implementation
TEAM
Mr. Harith Motoshiromizu – Founder and CEO, Bitex Global
Mr. Nicolas Louis Laurent Berthoz - Co-founder and CTO, Bitex Global
Mr. Junjiro Sato - Co-founder and CIO, Bitex Global & License Co., Owner Japan
Mr. Ryan La France - Co-founder and CFO, Bitex Global & License Co., Owner Philippines
Mr. Yusuke Asai – CPO
Quentin D. - Web Developer
Raphael T. - Blockchain Developer
Security Manager – Undisclosable (Banking Security Developer)
Raj W. - Technical Project Manager
Shashwat G. - Full Stack Developer
Ankur B. - Backend Developer
Gopal T. - Backend Developer
Gunjan G. - iOS Developer
Daljeet S. - Android Developer
Chandan K. - Sr. Java Web Developer
Neha G. - UI/UX Designer
Anuj B. - UI/UX Designer
Himanshu K. - Blockchain Developer
Aditi N. - Quality Analyst
Palak S. - UI Developer
For more information, please visit:
Website: https://ico.bitex.global/
Whitepaper: https://ico.bitex.global/docs/XBX-Token-WhitePaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3651047
Twitter: https://twitter.com/bitex_global
Telegram: https://t.me/joinchat/IV2i4Q6llH7ttm5n9hqT5g
Facebook : https://www.facebook.com/bitex.global/
Instagram: https://www.instagram.com/bitex.global
Author TheJohnMatch
Mybitcointalkprofile:https://bitcointalk.org/index.php?action=profile;u=1673694