by Future Blockchain
Overview
Blockchain took over the world by storm and became the cornerstone of modern innovation. This new technology opened a whole new universe for us to explore and use to our benefit. Cryptocurrencies were the first significant application of blockchain and their development resulted in a multi-billion industry. The newly born crypto exchanges became home to experienced traders, investors and crypto enthusiast, all wanting to play a role in this new revolution.
The current platforms, however, are far from perfect and suffer from multiple problems including difficulties in sign up and deposit, poor user interface, platform speed and support services and most importantly security and law regulations.
There is a simple and conventionally adoptive system seeking to solve all these issues.
Bithemoth is a new generation trading and investing platform that combines traditional finance with digital asset economy. This blockchain-based solution will improve on the existing FinTech space by offering both experienced investors and crypto industry beginners a user-friendly, fast and fully licensed platform.
Main Features
The Bithemoth team will build a completely decentralized exchange mechanism - a trading platform (browser and mobile-based) that will allow users to perform direct payments in cryptocurrency and fiat instantly. Other key features include:
• Portfolio Management - portfolio management tools needed by users to appropriately evaluate their holdings and investments.
One of the main problems when it comes to crypto exchanges is how they tackle security issues and prevent potential breaches.
Bithemoth will enforce secure two factor authentication protection with FIDO U2F support for client certificates. They will also utilize active storage and cold storage for client funds instead of software multi-set wallets (temporary receive wallets will be used for deposits before funds are moved to cold storage location) to guarantee data inviolability.
The decentralized exchange platform will be able to mitigate DDoS attacks of all forms and sizes using the CloudFlare’s advanced DDoS protection.
ICO Incubator
One of the key components of the Bithemoth ecosystem is the ICO projects incubator. The main idea is to give blockchain start-ups a stable platform to fund, launch and eventually grow their business on. This will help new projects find necessary support and visibility during the early stages of their life. On the other hand, exchange users will benefit from early access to newly issued tokens and the potential investment opportunity. Token sale proposals will be reviewed by a team of senior engineers at Bithemoth and if approved – granted with an access to Bithemoth's complete ICO incubator system and a dedicated support team. The ICO incubator will support smart contracts on the NEO, NEM and Ethereum blockchains.
Tokenomics
The Bithemoth Coin (BHM) is an ERC-20 token with max supply of 200 million. Users can pay all types of fees on the platform, including exchange fees, withdrawal fees and listing fees, using BHMs.
All executed orders on platform will be charged with a commission beginning with a maximum of 0.10%. Users with more than 100 BHMs in their exchange wallets will benefit from free trades for a limited period time. After this period expires, holders of BHM can use it to pay for trading fees at a discount of 50%.
15 000 000 tokens will be distributed during Pre-sale rounds and 90 000 000 during the ICO with the rest allocated as shown here:
Conclusion
The Bithemoth project is aiming to solve many of the problems crypto exchanges currently have by improving accessibility, usability and security for both experienced investors and beginners and by building an all-encompassing platform of new generation. The ICO Incubator initiative is a fresh idea that will benefit both blockchain start-ups and platform users and has the potential to establish Bithemoth as the market leader in terms of innovation and development.
Social media:
Website: https://bithemoth.com/
Twitter: https://twitter.com/bithemoth
Telegram: https://t.me/bithemoth
Disclaimer: Part of the article group
Future Blockchain
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