FXPay - Creating A Conducive Forex Market With Blockchain Technology

in #fxpay6 years ago

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Trading and investing in Foreign Exchanges (Forex) is known as one of the most lucrative market that guarantees high profit and earnings. The Foreign Exchange market deals with trading various fiat currencies that makes it standout with standards for an exchange market, providing a conducive environment for good earnings of cash and performing other activities. The market is also known for its continuous functionality, as it is open to trade 24 hours a day during the week days.

Although the market seem promising, but it has faced a lot of difficulties, one of the challenges is complacency but the painful and biggest of them all is the high fees charged by these exchanges. Trading Forex, involves getting used to the volatility of the market and being able to comprehend all the complexities of the market. To be an experienced trader, you are required to establish the deep knowledge of how it works, but what most Forex traders are very concerned about, that makes the market unattractive, also reducing the viability of good investment, is the high fee (5-7 % ) charged on transactions and exchange of one currency to another. These challenges makes the market difficult for new traders, especially those that trade with low capital.

FXPay wants to tackle these problems by introducing blockchain technology to the Forex market, creating a favorable environment for fiat currencies and cryptocurrency users.

About FXPay.

FXPay is an innovatory business idea built on blockchain technology to integrate the foreign exchange (forex) market. The new creative platform plans to bring solutions that will eradicate the risks associated with Forex, speedup transactions, and also reduce transaction fees using the FXP token which is built on the Ethereum blockchain technology .

The trading platform's objective is to form a huge, worldwide, user-friendly and well disposed network on an advanced platform that is made to address the issues faced by brookers and Forex dealers. To a more noteworthy degree, accentuation will be put on brokers who require other methods for finishing transactions, cheaper and quicker, with the use of blockchain technology.
FXPay creates a sufficient medium where fiat currencies could be appropriately converted to FXP tokens, offering a quick reach to digital currencies by brokers and address other incapability in the Forex market through the introduction of blockchain technology.

With the availability of the trading platform, traders will have fast access to fiat and the FXP tokens at good prices due the the high liquidity possessed by the platform, they will no longer have to inquire for liquidity providers as FXPay offers other discounts to their users. Brokers who provide funds to traders on the platform will be able to manage risks and profit, through manageable allocations.

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Benefits Of FXPay To Traders & Brokers

  • Traders will enjoy more profit and cheaper transactions as the hold the FXP tokens.
  • As more people exchange their fiat to FXP tokens, their will be a high cash flow, creating a profitable investment due to rise in price of the FXP.
  • Very low transaction fees and discount to brokers, FXPay serve as a gateway for transfer of money to banks.
  • Increase of customers to brokers, and better way of acquiring the FXP token with good discounts.

FXP Token

The FXP token is the official token of the FXPay platform, it fuels the activities of the platform and its used for transactions. When any transaction or trade is completed, credits made can be converted to FXP tokens or other available cryptocurrencies in the platform. The can be held as investment or traded on other exchanges.

ICO Details & Token Distribution.

Token Token - FXP
Standard token - ERC20
Country: United Kingdom
Smart contract: ERC20
Softcap: 30,000 ETH
Hardcap: 90,000 ETH
Private sale period - from 1 to 30 April 2018
Pre-sale period - from May 1 to July 31, 2018
The value of the token during the private sale is $ 0.65 (20% Bonus). Free FOREX credit - 100%

Pre-Sale Period:

1st stage - $ 0.75 (15% bonus)
Stage 2 - $ 0.85 (Bonus 12%)
Stage 3 - $ 0.95 (Bonus 10%)
Stage 4 - $ 1.05 (Bonus of 9.5%)
5th stage - $ 1.15 (Bonus 9%)

Public Sale:

1st stage - $ 1.25 (Bonus 8.5%)
Stage 2 - $ 1.35 (8%)
Stage 3 - $ 1.45 (7%)
Stage 4 - $ 1.5 (6.5%)
Stage 5 - $ 1.55 (6%)
Stage 6 - $ 1.6 (5%)

Total Supply: 500,000,000 FXP
Acceptable Currencies: Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Tether (USDT), Tron (TRX), Happy coin (HPC)

Token Distribution

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FXPay Useful Links:

Website: https://fxpay.io/
BTT: https://bitcointalk.org/index.ph
Bounty BTT: https://bitcointalk.org/index.ph
Whitepaper: https://fxpay.io/pdf/FXPAY_V.1.4
Facebook: https://www.facebook.com/fxpaygl
Telegram: https://t.me/fxpayglobal3
Twitter: https://twitter.com/fxpayglobal
Medium: https://medium.com/@fxpay
My BTT profile : https://bitcointalk.org/index.ph

Telegram username: @xpency
Bitcointalk Username: Xpency
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=1800192

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BCHBitcoin Cash520.113$-5.37%-1.33%
BTCBitcoin6452.450$-3.37%0.71%
ETHEthereum272.788$-4.61%-6.69%
TRXTRON0.020$-5.77%1.35%
USDTTether0.998$-0.23%-0.22%

such a useful information here @xpency

Thank you, you can the links for more information about the project and investment.

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