Cryptocurrency (or Digital currency) is a digital asset designed to work as a medium of exchange using cryptography to secure transactions and to control the creation of additional units of a currency that makes it unadulterable.
Most cryptocurrencies are designed to reduce production over time such as Bitcoin, which creates a market cap on them. That's different from the fiat currency, where financial institutions can always create more, then there will be inflation. Cryptocurrency or digital currency technology is currently very vibrant developed by various companies and team engineers in various parts of the world.
While the crypto market continues to grow, buying cryptocurrencies is overwhelming and complex (even for experienced investors.) Converting cash into cryptocurrencies, managing and securing wallets, and moving coins from one exchange to another (often with limited or no support) poses challenges for many on the market. This is where Beaxy comes in.
Beaxy will be a one-stop shop for all of your cryptocurrency trading needs. Our exchange platform is built in-house but utilizes technologies created for large trading firms which allows for high throughput/low latency database performance. This technology has been proven in the fintech space where hundreds of thousands of orders per second are expected to execute with less than a millisecond of latency.
ABOUT BEAXY
Beaxy will be a one-stop shop for all of your cryptocurrency trading needs. Our intuitive user interface will allow for trading in both crypto and fiat currencies. As Beaxy’s transparent rocket logo suggests, our UI will be a sleek and elegant experience for the user but it will contain many complex mechanisms on the inside. Simple, yet powerful.
VISION & MISSION
Our Vision
Our vision is to create a convenient, secure, all-in-one platform that helps to facilitate a world where cryptocurrencies are as accessible as fiat currencies. Beaxy hopes to play a pivotal role in this expedition by laying the framework for what an all-in-one exchange should be.
Our Mission
It is our mission to provide an abundance of tools, news articles, tutorials, and financial services to assist all users - from total novice to expert trader - in making informed decisions in this rapidly changing environment.
BEAXY FEATURES
Loyalty Program
+ Holding BXY on our platform will reward users with 20% of trade fees
+ Program rewards never reduce or expire
Coin Staking
+ Receive discounted trading fees by staking your BXY tokens
+ Multi-tiered system with increasing discounts the more you stake
Discounted Trading Fees
+ Users will receive a 50% discount on trading fees by using BXY tokens
+ Feature will work in conjunction with coin staking
24/7 Support
+ 24 hour response time or less
+ Live chat
+ Global coverage with multi-language support
Referral Program
+ Receive 10% of transaction fees for the lifetime of referred accounts
+ Referred users receive 2 month Platinum level membership (20% fee discount)
Fiat Deposits
+ Wire transfer and ACH supported
+ Instant deposits available for approved accounts
Security
+ Automated IP whitelisting
+ Will meet PCI-DSS and ENISA security standards
+ Confidentiality, integrity, and availability of information are our main concerns
Performance
+ High throughput and low latency database performance
+ Capable of handling hundreds of thousands of tx/s with less than 1ms of latency
Exchange Architecture
+ Built for long term scaling
+ Isolated services to mitigate demand spikes
+ Automated scaling and resource balancing
Mobile App
+ iOS and Android
+ Integrated price alerts and order fulfillment notifications
OTC Trades
+ Available to institutional investors
+ Minimum order size of $1 MLN
ICO Launch Platform
+ Projects vetted by Beaxy
+ Removes KYC cost and hassle for ICOs
+ Expedited token listing on Beaxy
MARKET AND BEAXY
Current Market Problems
- Very little fiat to crypto currency conversion available
- Unsustainable and unreliable performance
- Complicated and costly portfolio
- management, and usually not available
- within the exchanges themselves
- Little to no advanced financial tools provided
- No price monitoring built-in to trading
- Terrible to non-existent customer support
- No peer support
- Zero user input
- Major problems securing user assets
Beaxy’s Solutions
- All-in-one platform able to convert fiat to all major cryptocurrencies. Instant deposit of fiat currencies will also be available.
- A horizontal, scalable, low latency platform able to expand and accommodate unlimited coins and hundreds of thousands of tx/s
- Advanced chart types, chart analysis, volume analysis, drawing tools, etc.
- Custom coin price alerts
- 24/7 support, including live chat
- Tutorial videos, articles, and discussions for new users
- Polling users about new coins and features to include
- Our platform was developed with security in mind. Our proprietary system would make it incredibly difficult for would-be hackers to ever gain access to your funds.
HOW BEAXY WORKS
Beaxy users will be able to trade simultaneously in a very wide range of crypto and fiat currencies through a straightforward, intuitive online platform. Beaxy will earn a commission on each completed transaction, with no charges or fees for deposits or withdrawals. Trades executed on the exchange will be charged a 0.20% fee. In addition, Beaxy will issue its own tokens for use on the platform. Beaxy users will be able to use their tokens to pay for fees on our exchange at a 50% discounted rate.
We will also offer premium features and rewards to anyone who lock their Beaxy Tokens in their account a month at a time. Rounding out the services provided, there will be 24/7 customer support with live chat, referral/loyalty reward programs, and access to our private tools. We will elaborate on some of these features in other sections. From a technical standpoint, Beaxy will constantly undergo testing for reliable long-term performance. As a horizontal scalable low latency platform, unlimited coins will have the potential to be integrated into Beaxy simply by increasing the power of our servers.
TOKEN SALE DETAILS
Token Type: ERC20
Total Supply: 100 million
Presale: June 1st, 2018
Public ICO: June 15th, 2018
Softcap: 5M USD
Hardcap: 30M USD
Payment Methods: ETH
DISTRIBUTION
BUDGET ALLOCATION
ROADMAP
THE BAEXY TEAM
Link Important Information About BEAXY
Website: https://beaxy.comWhitepaper: https://beaxy.com/docs/Beaxy%20Whitepaper%20v1.5.pdf
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=2912122.0
Facebook: https://www.facebook.com/beaxyexchange
Twitter: https://twitter.com/BeaxyExchange
Telegram: https://t.me/Beaxy
Thank you for reading my review of The BEAXY. See you in my next review.
Author: ardctsMy Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1197108
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