BINTEX FUTURES.
Introduction
Token Name: BNTX – Bintex Token
BINTEXFUTURES is a proposed cryptocurrency exchange which will trade in Bintex Token and other cryptocurrencies. It will have the essential USPs of a centralized exchange like speed and convenience with the security advantages of a decentralized exchange. We will construct a world-class crypto Exchange which will fuel the future of crypto-currencies and this could be an opportunity for you to help us do it.
Vision
The foundation of a decentralized trading system that's unified and productive to meet handy applications. Constructing a totally decentralized economical and productive exchange within the Blockchain will not only empower clients to have control over their crypto assets but will also enable them to trade freely and make extra profits.
“A decentralized exchange is a trade system that doesn’t depend on a 3rd party service to hold customer’s assets. Rather, trades happen straightforwardly between clients (peer-to-peer) through an automated process."
Background
In the past few years Cryptocurrency market has been constantly growing. Owing to its exponential growth, it has become a multibillion dollar industry, engaging investors who consider it to be a stage for bringing in brisk cash. During 2017, Bitcoin's worth increased about 2000% and some Cryptocurrencies saw returns of 25000% during their IEOs.
Problems with Exchanges
1. Centralized Exchange
Regardless of the decentralized way of thinking given to the world by Satoshi, most of the biggest exchanges are built as centralized platforms like Bitfinex, Binance, Kraken, Coinbase, etc. ‘store’ their customer’s crypto retaining full control over them. In such centralized exchanges, transactions happen fast because deposits occur outside the Blockchain. However the possibility of price manipulation/insider trading, high transaction fees makes a perfect profit-making setup for private owners in case they choose to opt for such tactics.
2. Decentralized Exchange
Problems mainly include:
• Low liquidity levels, low volume
• Inefficient, slow transaction speed, poor user experience
• Limited by cross-chain trading technical problems, limited trading cryptocurrency types, etc.
• The majority of the DEXs are for trading platforms for Ethereum and ERC-20 tokens.
• Front running is a common practice in Ethereum based exchanges
Solution
Our smart BNTX tokens with their ability to improve and expedite liquidity will play a major role in maintaining platform liquidity when trading multiple coins. BINTEX Tokens will be integrated within BINTEXFUTURES Exchange to allow investors to instantly convert their holdings into BNTX.
BINTEXFUTURES will charge transaction fee for the instant trades. All fees are payable ONLY with BNTX tokens to ensure liquidity and utilization of the tokens.
BINTEXFUTURES
● Spot trading
● Digital Token
● Margin trading
● Futures
● Peer to Peer
● Decentralized (on-chain) exchange
Business Model
1. BINTEXFUTURES
The BINTEXFUTURES Platform will be the major source of revenue for the company. Exchange will have Several Service.
♦ Exchange Trading Fees
♦ Coin/Token Listing Fees
2. BNTX Token
Demand for BNTX token from traders is an integral part of the revenue model. A total of 20M BNTX tokens will be created, never to be increased. BNTX will run natively on Ethereum Blockchain with ERC20.
♦ Initial Exchange Offering for the BNTX Token to attract investors and traders to the Coin and the Exchange
♦ BNTX token will be the base currency for the BINTEXFUTURES Exchange.
♦ Crypto-holdings in BINTEXPAY Wallet will also be rewarded annually with BNTX token as an interest.
♦ Up to 80% lower fees than major exchanges by using BNTX Token
3. BintexPAY Wallet
BINTEX platform will also run on a wallet system for each user which will hold all the information regarding user’s holdings, trading history, Credit history, payment information, BintexPAY Card details.
♦ Buy, Sell, Store, Spend, and Pay with cryptocurrencies
♦ Withdrawal minimal charge which will be converted and paid to the BINTEX System in the form of BNTX Token.
♦ Users have access to all upheld cryptocurrency data and charts directly within the BINTEXPAY Wallet. These features will allow users to have full insight on the cryptocurrencies that BINTEXPAY Wallet supports with charts, circulating supply, total supply, daily volume, and more for each cryptocurrency.
♦ BINTEXPAY Card credit, payment cycle, card statement, card usage will be accessed through the wallet.
♦ Real-time CARD spending history with geo-location of merchant.
♦ Loan against Crypto, Loan payments can be done through BINTEXPAY Wallet.
♦ The Wallet app will be available on both Google Play Store and Apple Store.
4. BintexPAY CHIP CARD
It is proposed to position and push BintexPAY debit/credit card in a manner that it will be accepted at myriad locations globally. This cryptocurrency card will be linked to the users BintexPAY Wallet enabling them to spend their BNTX tokens with real-time conversion powered by the BINTEXFUTURES
♦ BNTX as a native card currency will bring extra revenue to Bintex system and more profits for the community.
♦ Change PIN directly within the BintexPAY Wallet.
♦ BNTX to fiat conversion fees during usage of BintexPAY Card on multiple payment channels.
♦ Real-time fiat conversions with BINTEXFUTURES.
♦ Credit against crypto will be introduced in BintexPAY chip cards. Interest and fees on late payments will be credited in BINTEX system after converting fiat to BNTX.
♦ Cashback program for card users.
♦ Partnerships with fiat payment systems will help BintexPAY cards to be accepted on millions of physical locations and online platforms.
♦ Proposed acceptance on Apple pay & Google pay.
♦ Total control through BintexPAY Wallet.
♦ Multiple card type with more and more rewards features according to user’s need.
BNTX Token Sale and Economics
Token Sale Start Time: September 24th
Token Sale End Time: When Hard Cap is reached
Hard Cap: 3750 ETH
Total Token Supply: 20,000,000 BNTX
Public Sale Token Price: 1 ETH = 1547 BNTX
Launchpad Allocation: 6,000,000 BNTX (30% of Total tokens supply)
Public Sale Vesting Period: 4% Release every hour
Individual Cap: 50 ETH
Individual Minimum Purchase Amount: 0.01 ETH
Token Type: ERC-20
TOKEN DISTRIBUTION
LID Team: 1%
Team: 15%
Marketing & Development: 15%
Liquidity: 15%
Staking Rewards: 20%
Presale: 30%
Airdrops: 4%
ROADMAP
2020 Q2
► Market Research
► Prototype Design
► BNTX token creation
2020 Q3
► Pre Sale - listing on Uniswap ( September, 2020 )
► Wallet launch and Staking ( October, 2020 )
2020 Q4
► Test Net Live BNTX, Strategic partnership’s and Public launch Alpha version of Future’s Exchange Estimated in November 2020.
2021 Q1
► MainNet live Exchange launch, trading begins. Estimated in January 2021.
2021 Q2
► Additional Token & FIAT Support on Exchange. Estimated in February 2021.
To get clearer information, please visit the link below:
https://www.facebook.com/bintexfutures2019/
https://www.linkedin.com/company/bintexfutures/
https://twitter.com/Bintexfutures
https://t.me/bintexfutures_chat
https://www.reddit.com/user/BintexFutures
https://www.youtube.com/channel/UCTZsygYwafZdx0CsVKcyuWw
https://www.instagram.com/bintexfutures/
https://bintexfutures.com/Bintexfutures%20white%20paper%20V%201.0.pdf
Komentar
Posting Komentar