BridgeX Network – The Innovative Lending Platform
Absence of finance will certainly cripple to the world. As money and items of financial value are used all over the world, few institutions like banks monopolized the system. As at 2010, banks served as intermediaries – collecting deposits and issuing loans. However, many were not aware of a radical attempt taken a by a company.
With then overt monopolistic role played by lenders, a company called Napster invented new ways for sharing. In the late 1990s, the company launched a peer-to-peer system that allowed users share files over the internet. That was soon taken up by Sastoshi Nakamoto’s blockchain project. Today, peer-to-peer (P2P) is the next big thing. Going by these impressive strides, BridgeX Network has come up with solution that will perhaps, put to the rest the battle of supremacy between crypto coins and fiat currencies.
Understanding BridgeX Network
The platform can best be described as a unifier for disparate transactions in the blockchain terrain and he fiat financial ecosystem. It aims at bringing together crypto and fiat currencies. By this, the coast of their use cases will be enlarged and their conversions made seamless. The overall intent of the project is to increase the chances of P2P lending. Banking on the acceptance of the blockchain technology, BridgeX Network will be working on the premise of three (3) unique frameworks.
BRIDGEX CORE: This platform oversees on-chain and off-chain transactions. Built on the powerful Ethereum blockchain, there is on-chain tracking and matching service for every transaction. The smart oracle works well for off-chain data feeds which collects exchange rates and connects them for loan tracking. Lending is open to everyone that comes up with collaterals. On its part, smart contracts cuts off intermediaries and takes charge of loan requests, collection of collaterals and disbursement of funds. On BridgeX Core is the efficient payment tool – BRIDGEPay. This will function the same way as Ripple’s (XRP) xRapid product- facilitation of cross-border payments. In the light of this, BRIDGEPay is designed to facilitate cross-border payments and also handle crypto-to-fiat conversions. It is now clear that BridgeX Network is using this to create atmosphere for seamless interoperability between crypto and fiat currencies.
BRIDGEX PLATFORM: The platform provides effective ways to manage fund circulation within the ecosystem. In the same vein, DApp developers and other users will have access to tools which will boost their interactions in the ecosystem. If you wish to get on board the moving ship of cryptocurrencies, BRIDGELoan is for you. This is the first time crypto loans hits the blockchain. With this, prospects can obtain loans. Lenders can place loan requests in the crypto lending marketplace and when given the nod, they can pledge their digital assets as collateral. There are also conversion and payment tools – BRIDGEConvert and BRIDGESend. With the latter (BRIDGEConvert), you can convert your digital assets to fiat equivalents. There is the aggregator and matching engine which boosts conversions at best rates. After the conversion, BRIDGESend provides platform for effortless transfer of funds across borders. All tools under BridgeX Platform are permissioned as decentralized applications.
THIRD PARTY INTEGRATORS: The last component of the project is the integrators. These are service providers and DApps that can leverage BridgeX’s payment solutions for their financial needs. DApp developers either use the tool on the network in creating new DApps for future financial needs or integrate existing ones to their platforms.
ROADMAP
Token Information
Ticker: BXN
Platform: Ethereum
Token Standard: ERC-20
Token Supply: 1 billion BXN
Hard Cap: 18, 000 ETH
Exchange Rate: 1 BXN=0.0006 ETH
Accepted Payment: ETH
TEAM & INVESTORS
PARTNERS & INVESTORS
Bridging the Divide
BridgeX Network aims at further disruption of the global financial system. In the long run, wide spectrum of crypto enthusiasts can leverage the payment tools to solve their financial needs. As the project has DApps creation tools, the crypto community should watch out for more financially-centered DApps hitting the market soon.
LEARN MORE ABOUT BRIDGEX
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PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=2258184
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