BITFXT EXCHANGE AND BITFXT COIN (BXT)
.jpg)
In our view, there are fundamentally two different types of exchanges: the ones that deal with fiat currency; and the ones that deal purely in crypto. We are building a hybrid of the both with more focus on the crypto. Even though they are small now, we strongly believe that pure crypto exchanges will be bigger, many times bigger, than fiat based exchanges in the near future. They will play an ever more important role in world of finance and we call this new paradigm Bitfxt; Bitcoin - Forex technology. With your help, Bitfxt will build a world-class crypto exchange, powering the future of crypto finance.
PROBLEMS AND OUR SOLUTION
Some of the current crypto exchanges suffer from a number of problems:
Poor technical architecture: Many exchanges are “put together quickly”, by good tech people, but who have little or no experience in finance or in operating an exchange. They often choose the simplest approach to get the system up and running. While this may work well in the beginning, as traffic grows, the system will not be able to handle the increased load. Exchange systems need to be engineered from the ground up with security, efficiency, speed, and scalability in mind. This often slows down the initial development, but is critical for long-term success. Our team has decades of combined experience building and maintaining world class financial systems that shape the economy. We understand how these systems are built from the ground up.
Insecure platform: There are hundreds of exchanges that went down due to being hacked. Bitfxt is built to high standards, audited, and penetration tested. We have experience, building financial systems to the highest security standards and strive to ensure security first.
- Poor market liquidity: Professional traders and normal users are significantly affected by this. Having a shallow order book means high slippage when trading, which is very expensive for traders. Getting miners, institutional investors and large traders into a new exchange is a chicken and egg problem, and requires a team with deep industry resources. Bitfxt’s team have been in both the finance and crypto industry for many years. The team has worked on and operated a number of exchanges, and have accumulated a large network of partners in this space. These partners will be key in bootstrapping the exchange.
- Poor customer service: Traders are a different breed when it comes to users. Understanding the trader mentality is vital for running a successful exchange. Money is literally on-the-line. Many exchanges service traders as if they were running a social media site. A 3-second delay in seeing your friends’ status update would hardly be noticed,
but on an exchange, the same would be unacceptable, resulting in a torrent of user complaints. In additional to the technology stack, Bitfxt is built with service in mind. Bitfxt shares support responsibilities across the entire staff and company. When a trader has a problem, they get an answer directly from someone who knows the system and not someone reading from a script.
Poor internationalization and language support: Blockchains have no borders. Most exchanges focus only on one language or one country.
Poor training and awareness: Most exchanges careless about the knowledge level of their clients. Bitfxt has decided to provide an academy to educate users on everything that has to do with is emerging technology.
Bitfxt coin (BXT) is a ‘decentralized cryptocurrency built with a proof of stake algorithm. BXT Coin is the store of value in the Bitfxt ecosystem — an alliance of entities and technologies built on a world-class hardware infrastructure, proprietary blockchain technology, a decentralized, user friendly wallet system and a regulation-friendly global network of KYC authenticated users.
We have created lots of blockchain solutions and we are set to do more… Our focus is to bring blockchain closer to the people.
Our approach is first of its kind and we are on the move to build the largest blockchain and cryptocurrency community across Africa.
Our projects
Bitfxt Exchange: Our Exchange was designed to be the best and first of its kind. It is the go-to exchange for both the learned and unlearned. It is intuitive and easy to operate. Users can fund their accounts seamlessly and withdraw with ease… It is the cheapest cryptocurrency exchange in terms of fees. https://bitfxt.com
Bitfxt Wallet: Bitfxt Wallet is an android native wallet for securely holding and trading ETH and BTC. Users can as well trade and exchange with their local currency using bitfxt waller. https://play.google.com/store/apps/details?id=com.application.bitfxt
Bxtcoin Vault: Bxtcoin Vault is an innovative mining/coin release software that rewards users with new coins for locking down their coins to provide liquidity to our exchange. https://vault.bxtcoin.io
Bitfxt Academy: Bitfxt Academy is the first truly blockchain academy. We offer courses and certifications like a typical online university. We accept fees in BXT. https://academy.bitfxt.co
Bitfxt Lab: Bitfxt Lab is the software development arm of bitfxt technology. It consists of software experienced professional developers from all over the world. We also go into strategic partnerships with IT and blockchain companies to continually expand our scopes and provide more services to our clients. https://lab.bitfxt.co
Bitfxt Cointracker: Bitfxt cointracker is a sophisticated crypto currency, exchange and news tracking software. It solves a major problem in the crypto space. Users of Bitfxt Cointracker can keep tabs of every activity on the coin market cap., News, the various assets they are trading in various other exchanges without having to login to their accounts. It is amazingly always up to date because all the info. are in real time. https://bitfxt.co/cointracker
Our Use Case:
BXT coin is an exchange coin as well as a payment token. It can be used to pay for all the fees within the bitfxt ecosystem. It also functions as a stake in the hands of the holders.
BITFXT EXCHANGE
MATCHING ENGINE Our matching engine is capable of sustaining 1,400,000 orders / second, making Bitfxt one
of the fastest exchanges in the market today. You can be certain, on our exchange, that your orders will never be stuck due to the matching engine being overwhelmed.
FEATURE ROLLOUT
We will roll out the platform in roughly the following order:
• Spot trading/Exchange (Already live at https://bitfxt.com)
• Cointracker/tools (Already live at https://play.google.com/
store/apps/details?id=com.tregix.bitfxtcointracker)
• Academy (Already live at https://academy.bitfxt.co)
• Cryptocurrency volt (Already live at https://vault.bxtcoin.io)
• Decentralized (on-chain) exchange (Coming soon)
• Cryptocurrency payment system (Coming soon)
• and more…
BITFXT COIN
We will issue our token coin, called the Bitfxt Coin. A strict limit of 20M BXT will be created, never to be increased. BXT will run natively on the Ethereum blockchain with ERC 20. We may create our own blockchain in the future.
FUNDS USAGE
25% of the funds will be used to build the Bitfxt platform and perform upgrades to the system, which includes team
recruiting, training, and the development budget.
25% will be used for Bitfxt branding and marketing, including continuous promotion and education of Bitfxt and blockchain innovations in industry mediums. A sufficient budget for various advertisement activities, to help Bitfxt become popular among investors, and to attract active users to the platform.
30% will be kept as capital for the exchange and to provide immediate liquidity for those seeking to exchange
BTC, ETH, BXT, USD and NGN on our instant exchange. 20% will be kept in reserve to cope with any emergency
or unexpected situation that might come up.
||WEBSITE|| https://bxtcoin.io/
WHITEPAPER|| https://bxtcoin.io/BitfxtWhitePaper-min.pdf
ANN THREAD|| https://bitcointalk.org/index.php?topic=5038642.0
FACEBOOK|| https://www.facebook.com/bitfxt
TWITTER||https://twitter.com/bitfxt/
TELEGRAM||https://t.me/joinchat/ESR1eEfViA__xQH2nnqyaw
by. Badboster
Profile ; https://bitcointalk.org/index.php?action=profile;u=2120022
eth : 0xa189dB830FB8f21B0C93D2E4E8e7b5bf6799A00d