BZX : USING THE DECENTRALIZED MARGIN FOR TRADING EXCHANGE NETWORK.
Since the invention of the internet, there have been lots of technological innovations geared towards economic development. The world has not known a better and more advanced era than the era in which we live now. One major area of economics that is able to enhance the lives of people if improved upon is the trade, that is why many other prospective trades are been introduced to ensure continuity in the growth achieved. Crypto trading, though is a new trade for people who are just knowing it, has a lot in stock for its users and also people who are scared to invest in the business are now seeing reasons why they should. Everyone who in one way or another has an interest in cryptocurrency has this likely question always on their mind. What happens to the digital assets in holding for those trading in cryptocurrency? Because, it is believed that people don't just go into business for the sake of answering names, but for what they stand to gain in the long run. To answer the above-stated question, well, exchanges either completely change their rules within the interim of any connection that arises, or the holdings will change value, that depends on whichever (bull or bear) market is relevant at that time. There is one thing that crypto coin holders have to bear in mind, there is no exchange that offers rebates or interest on holdings but BZX is working to revolutionize this for the end users.
A PROTOCOL NOT A PLATFORM
Quoting the white paper content, BZX is, in fact, a protocol, not a platform. BZX is working to establish an innovation backing users to collect interest and rebates on their crypto holdings. If BZX is able to succeed with its highly promising project/product, the interest rates on crypto can only increase, making its users big earners. If
BZX is able to make exchanges offer interest rates on holdings with them, the whole face of the decentralized exchanges along with the holding of digital assets will change absolutely.
CURRENCIES OF THE ECOSYSTEM
According to the whitepaper, there will be only two(2) currency when dealing with BZX ecosystem. Both BZX and the SUGR tokens will be in use in their own respective manners. The main token that fuels the ecosystem is the BZX, and it will be used to encourage lenders to be able in loan out relevant Cryptos. The SUGR tokens are redeemable by bounty hunters of the ecosystem, and they are worth a fraction of ETH and of the BZX rewards pool. These bounty hunters do diverse tasks to help maintain and sustain the system, and bring friends and even benefactors to be part of BZX is just one of these many tasks.
WHAT DOES THE FUTURE HOLD?
Based on what the timeline shows, August is assumed to be the month in which a multifaceted wallet is developed for the BZX protocol or platform. The Oracle marketplace will create awareness on the foundation of lending and reaping rewards which can be stored up in a wallet, and when there is a cross chain asset lending development in progress, all crypto traders will see a new era of all cryptocurrencies being transparent with one another,and lending, collecting interest, and simply trading cryptocurrencies across all types of blockchain will not only be stress free but will be instant.
SUMMARY
When it comes to matters regarding the cryptocurrency exchange platform, everyone is at a loss as to how it should adequately be addressed. The introduction of the blockchain technology ecosystem has ushered in an era of seamless trading through the use of smart contracts, exchanges have even become easier on the digital platform, following the many platforms for digital exchanges provided for crypto traders. One major challenge that this kind of platforms often has is the fee rates payable by the parties involved, ways have been sorted to ensure seamless trading exchanges at low prices, which is one of the core reasons for the invention of the BZX protocol.
To learn more about this revolutionary project, check the links below:
Website: https://b0x.network
Mainnet DAPP: https://portal.bzx.network/
Whitepaper: https://b0x.network/pdfs/bZx_white_paper.pdf
Medium: https://medium.com/@b0xNet
Twitter: https://twitter.com/b0xNet
Telegram: https://t.me/b0xNet
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Bounty0x Username: bl3zzy