XENDBIT PROJECT - DECENTRALIZED FINANCIAL SERVICES

It is recorded that the crypto-space has more than 200 crypto-currency exchange which are functioning globally. Despite the growth and development of these crypto-exchanges, majority of them still suffers from some issues which have makes it more difficult to trade successfully on the exchange. The largest problem of these exchanges with difficulties happens as a result of its centralized nature which means the control of the trader’s funds and asset depends on the designated authority or one single person. Traders are always left helpless whenever there is any issue of hacks and attacks in the centralized. Though centralized platform are known with gathering huge trading volume with some other good features but majority are not really working perfectly as expected of them. BITFINEX which is one of the largest centralized exchange platforms was hacked some years back and nothing less than 10,000 BTC was lost in the process. Centralized exchanges are prone to security threat and glitches every-time.
In other to ensure there is quick solution to all the issue facing centralized exchange platform, XENDBIT has launched a new decentralized exchange platform which based on blockchain network. XENDBIT will allow traders to trade successfully on its platform without any issue of security. XENDBIT is a trustless, and decentralized crypto-currency exchange in which the traders don’t need the permission of any third-party services before a trade can be executed in the platform. XENDBIT exchange platform is designed in such a way that traders will be able to trade peer-to-peer, crypto-to-fiat trading and vice versa. With the use of blockchain technology on XENDBIT exchange platform, all the transaction conducted by traders will be audited, locked and resistant to all forms of hacks. There will full automation of transaction in the XENDBIT platform and users will have full control over their accounts in the platform.

Challenges of the centralized crypto-currency platform includes; Price fluctuation due to high volatility, security issues, loss of money, lack of transparency and trust, high trading fees, access to personal details, lower liquidity. Loss of money happens often in the centralized exchange simply because traders don’t have access to their funds in-case of any security issue. Let’s not forget the main reason for blockchain technology is to eradicate the use of third-party and automate transaction without the involvement of third-party. Today it surprises me seeing traders going into centralized platform to trade. Blockchain transaction should be anonymous without involvement of any third-party. Once there is an hack on the centralized platform, traders are been locked out from access the platform and their accounts until the security issue is been rectified in which this is very bad for crypto-traders because anything can happen within the locking period

Regarding the issue of high trading and transaction fees, XENDBIT will ensure there is low trading for every trader in the platform. It is observed by the traders that one of the centralized exchange platforms (COINBASE) charges from 0.3% - 3% trading fees which this is much for the traders. With XENDBIT, traders will enjoy low trading fees in the platform.
The real growth and development of every crypto-currency project depends on the empowerment of its users. This is one of the reasons why XENDBIT has launched a decentralized exchange to satisfy the traders and let them have full control over their accounts and activities in the platform.
Good user interface is one of the features of XENDBIT platform. Traders at times run away from crypto-currency exchange that has bad user interface. XENDBIT has promised to provide a decentralized crypto-exchange platform with good user interface which aims to be the best crypto-currency exchange in the universe.

The other good features of XENDBIT crypto-currency exchange platform includes; SMART IDENTITY, SMART NODES, SMART JAVA BEANS, SMART Dapps PLATFORM, , Localized Tether Coin, P2P Crypto to Crypto Exchange, P2P Fiat to Crypto-Exchange,
XENDBIT SERVICES includes; XEND-CASH, XEND-AID, XEND-CREDIT
XENDBIT has also launched a mobile for easy trading in the platform. The app will help traders for quick accessing of the platform. The traders can initiate trade anywhere and anytime of the day with the mobile app.
XENDBIT integration with the banks will help the project achieving its aim with the development of the localized tether coin. This will also help the project with the crypto-fiat implementation.

XENDBIT TOKEN DETAILS
Token Symbol => XTN
Token Supply => 200,000,000
Token Type => ERC20
Token Price => $0.05

TOKEN DISTRIBUTION
30% Allocated to Founders and Angel Investors
30% Allocated to Private Sale & Pre-Sale
20% Allocated to Public Sale
10% Allocated to blockchain ventures
6% Allocated to advisors and Partners
4% Allocated to Bounty

FUND DISTRIBUTION
25% Allocated to Business and Product Development
25% Allocated to Platform liquidity
20% Allocated to Operations
20% Allocated to Marketing and Partnership
5% Allocated to Legal
5% Allocated to Contingency

TEAM