BitEsprit || All in one cryptocurrency exchange.
Background.
The cryptocurrency space we know today has grown out of a revolutionary endeavor of the cypherpunk community called Bitcoin, a decentralized digital payment system using cryptographical proof to validate transactions, thereby distributing trust on the network. The Bitcoin network has proved to be a viable means of payment that is competing with traditional means of carrying out transactions.
Introduction!
Since Bitcoin’s genesis block was generated on 3 Jan 2009, a whole industry of cryptocurrencies has emerged. This industry has been progressing due to continuous innovation, while cryptocurrency as an asset class has been getting recognized as a form of investment with great potential. However, as Bitcoin has been receiving more and more mainstream exposure with millions of people actively trading and mining it, most of the alternative cryptocurrencies (altcoins) have been undervalued in the cryptocurrency ecosystem. As a result, altcoin trading is still considered a niche market which has not acquired the amount of attention it deserves.
Vision & Mission:
Our mission is to eliminate the barriers of entry into the altcoin trading ecosystem for both traders and promising new projects looking to get traction. Our exchange will help traders who have been struggling with the lack of direct access to altcoins, the lack of trading expertise, unusable user interfaces, and insecure exchanges, among.
Our goal with establishing BitEsprit, the all-in-one cryptocurrency exchange, is to provide a high-end quality interface with innovative trading services where traders have everything they need for their trading activities. Due to this new comprehensive approach, BitEsprit will be a one of a kind cryptocurrency exchange that is tailored towards making altcoin-fiat trading mainstream.
There are eight reasons causing this problem:
Disintegration of cryptocurrency trading and investing services.
Altcoin-fiat trading is still heavily obstructed.
The majority of people entering altcoin exchanges do not have trading expertise to become successful.
High listing fees for ICO tokens.
Usability of the current exchanges.
Insufficient security.
Lack of liquidity.
Unresponsive or non-existent customer support.
Problem.
It has generally been accepted in the cryptocurrency space that each exchange has a different set of cryptocurrencies to trade with different features and often insufficient charting solutions. As a result, users have been forced to buy and sell cryptocurrencies at many different sites, while trade with leverage at other sites, and chart cryptocurrencies at yet other sites. Such a scattering of services unnecessarily complicates entering the cryptocurrency space, and carves out a need for a place where traders can access all the popular services related to cryptocurrency trading, including leveraged trading, copy trading, and charting.
Solution!
All these problems can be solved by an integrated trading platform that responds to the current needs of the cryptocurrency trading industry. BitEsprit is the solution to the problematic aspects of crypto exchanges today, and the emerging questions that are yet to be addressed. Our platform is not just another exchange, but the place where all the problems find an efficient and comprehensive solution.
The BitEsprit exchange will feature more than 100 cryptocurrencies to trade against major cryptocurrencies as well as against fiat currencies, and will operate with a low fee structure, half of which will be payable with BEC (see below).
Our exchange will facilitate copy trading alongside simple buying and selling of cryptocurrencies, and it will also make it possible for our users to have their own BitEsprit debit cards issued that are linked to the fiat funds on their user accounts. Our exchange will also have its advanced, built-in charting solution so that everything comes to the doors of BitEsprit’s users in one single online trading platform.
Our fiat integration strategy involves two key areas:
- cryptocurrency-fiat trading pairs.
- issuance of debit card linked to BitEsprit accounts.
BitEsprit will enable users to trade altcoins against fiat currencies. This means that besides the three base cryptocurrencies, (BTC, ETH, BEC), three fiat currencies, namely USD, GBP, and EUR, will be made available as base currencies for trading. Later, other local currencies will also be tradeable as base currencies. The exchange has an 0.15% exchange fee. Our users will be able to deposit and withdraw fiat currencies to/from their BitEsprit accounts besides the cryptocurrencies tradeable on our platform. Additionally, we will integrate the payment solutions of PayPal, Neteller, Skrill, and China UnionPay, to make it easier for you to get going on our platform.
Moreover, if the copier has zero balance of the base currency of a trade the copied trader makes, the system will be unable to place an order for the copier and send the copier an alarm saying that a trade has been placed by the copied trader in a base currency of which the copier has zero balance.
Orders are automatically placed on the copier’s behalf based on the percentage of the capital that the copied trader puts in the trade.
For example, let’s say copied trader A has a total available balance of 10000 USD and he/she puts 10% of it (=1000 USD) into a trade. Copier B has a total balance of 2000 USD.
ICO DETAILS.
- Coin: BEC
- Platform: ERC 20
- CrowdSale Price: 1 BEC = USD 0.425
- Minimum investment: USD 50
- Soft Cap: USD 7,500,000
- Hard Cap: USD 21,878,205
- Presale Starts: 01 June 2018
- Presale Discounted Price: Tier 1: USD 0.15; Tier 2: USD 0.25; Tier 3: USD 0.325
- Accepting: ETH, BTC
- Minimum investment: USD 50
- Crowdsale Starts: 01 July 2018
- Crowdsale Price: USD 0.425
- Minimum Investment: USD 50
- Country: United Kingdom
- Whitelist/KYC: KYC
- Restricted areas: USA
- Commercial rollout: Q4, 2018 est.
- Operational profitability: Q2, 2019 est.
BEC, the native token of the BitEsprit exchange is obtainable through our Initial Coin Offering (ICO) where investors will be able to pay in ETH and BTC on a first-come firstserved basis until the allocated supply of 70,000,000 BEC is sold. The token price during the three stages of pre-sale is $0.15, $0.25, and $0.325 respectively, and $0.425 during crowdsale, while the actual rate in BTC and ETH depend on the BTC/USD and ETH/USD exchange rates. We will update our rates every 2 hours during both the pre-sale rounds and the crowdsale phase. Crowdsale minimum contribution: $50, pre-sale minimum contribution: $50.
Token Distribution:
Allocation of funds:
Roadmap:
Team.
Advisor!
Official website:
Website: https://bitesprit.com/
Whitepaper: https://cdn.bitesprit.com/documents/whitepaper.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=3213051
Telegram: https://t.me/bitesprit
Facebook: https://www.facebook.com/bitesprit/
Twitter: https://twitter.com/bitesprit
Blog: https://medium.com/bitesprit
Write profile: #muhammadomy.
ERC20 Ethereum address: 0x02892c17dBF5EA9411fD0fa9a67Acc0140819E2F
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1128332