FXPay ICO

azisjesika (52)in #steemit • 6 years ago (edited)

ABOUT

FXPay is an exciting and promising business opportunity that brings innovative technologies to the foreign exchange market (Forex). FXPay believes that we can reasonably reduce the risk and increase the speed of transactions in the Forex market by using its FXP token, the ERC20 token based on Blockchain Ethereum technology.

Forex is the largest financial market in the world. The crypto-currency market is one of the fastest growing and progressively developing ones. Why not combine the capabilities of the two industries? Today we will talk about FXPay - a solution for the forex market based on blockbuster and smart contracts.

So, what do we know about the forex market? The name Forex is an abbreviation of the English Foreign Exchange, which denotes the international market for the exchange of currencies at current market or free price quotations, that is, without any restrictions or fixed values. Forex (FX, FX) means margin trading in the currency through the relevant banking institutions or dealing centers.

In addition to the fact that the forex market is the largest market in the world, it is also relatively young. The appearance of Forex (foreign exchange) is associated with the advent of the Jamaican currency system, which provides for the binding of the national currency to the dollar or gold. The gold and currency system was replaced by freely floating exchange rates, so the countries refused to determine the value of currencies based on their gold standard.

FXPay is an exciting and highly prospective business

A large number are now set to try their hand at trading, including at the forex market. However, without any knowledge, this is not easy enough. Therefore, you need an assistant who will direct or tell you in this difficult process. This assistant can be in the full scope of the platform FXPay. It should be noted that it will be very useful not only to novice traders, but also an experienced person in the securities market. FXPay is an exciting and promising business opportunity that brings innovative technologies to the foreign exchange market (Forex). The FXPay team believes that it can intelligently reduce the risk and increase the speed of transactions in the Forex market by using its own FXP token, the ERC20 standard based on Blockchain Ethereum technology.

FXPay is able to address inefficiencies in the market

The main purpose of the platform FXPay Inc .- Creation of a large, international, environmentally friendly community on a digital platform that is created to meet the needs of brokers and Forex traders.To a greater extent, emphasis will be placed on brokers who need a new way of making transactions, cheaper and faster, thanks to the technology of Blockbin.A pleasant bonus is the opportunity to get an additional credit bonus for each investment.

Forex became one of the first decentralized markets. Exchange transactions with national currencies do not occur through any one centralized exchange, but between traders. The market itself includes four main players:

The main banks through which operations on the exchange of national currencies take place;
Liquidity providers, which are interbank institutions;
Traders are personal participants of the forex market, who directly exchange currencies;
Brokers are smaller banks that mediate between traders and liquidity providers, making transactions on behalf of traders.

Despite the fact that the forex market has given many investors the opportunity to make really effective and profitable investments, today its participants still face a number of problems and barriers. The first of them is a rather widespread problem of overstated commissions, in connection with which traders, brokers and liquidity providers have thresholds for entry and exit from the market, that is, for investment and withdrawal of funds.

Traditionally, commissions reach 5-7% per transaction. Many investors lose a significant part of their investments and potential profits, but for others such thresholds become completely insurmountable. The problem is that the forex market tangibly lacks the general standardization and coordination between brokers and traders.

The second big disadvantage of forex trading is the complexity of the exchange operations and, as a result, the procedure of exchanging one national currency for another is too long in time. Do not forget that marginal trading within the forex market is carried out from the leverage, that is, using not only personal capital, but also borrowed funds, which allows you to increase the size and, accordingly, the profit of exchange transactions.

starting next year, the situation should radically change for the better for both markets. Developers of the company FXPay Inc. decided to combine the opportunities of forex and crypto currency to create a single truly effective and profitable solution. As a result, FXPay will allow traders, brokers and liquidity providers to participate in the international exchange market without barriers in the form of high commissions, thresholds and long transactions.

At the moment, the process of transactions is rather inefficient and complex, accordingly it affects the lack of consistency with respect to brokers. To save costs for transaction fees, more than 80-90% of each potential investment opportunity is largely unattractive to investors and reduces the viability of many investments. In addition, the broker also takes a fee of 5-7% when making deals with liquidity providers. Large brokerage platforms usually house thousands of investors with potential turnover of more than $ 100 million a day. Most of this amount consists of unnecessary fees, which allows for significant cost savings.

TOKEN SALE

Token's price will increase 0.8% per day or 24% per month. during token sale. After token sales FXP will be listed on Exchange and price will be defined by market .

Token FXP
PreICO Price 1 FXP = 1.15 USD
Price 1 FXP = 1.60 USD
MVP/Prototype Available
Platform Ethereum
Accepting ETH, BTC
Minimum investment 100 USD
Soft cap 30,000 ETH
Hard cap 90,000 ETH

THE REASON INVESTING IN FXPAY

UTILITY COIN FXP is an essential utility coin which will continue to appreciate in value as usage increases in the forex market and use FXP the numerous transaction process.

As a payment gateway system for the Forex industry, the world’s largest financial market. A Payment Gateway performs a variety of tasks to facilitate payments between acquiring banks and issuing banks. It determines whether transactions are approved or declined by verifying transaction information and also provides a secure pathway to exchange information between all relevant parties. The FXPay Payment Gateway allows brokers to make instantaneous payments to liquidity providers through blockchain technology. Through this method, transaction fees are reduced from the current rate of 5-7% to between 0.5-1%.