BITFXT

In our view, there are fundamentally two different types of exchanges: the ones that deal with fiat currency; and the ones that deal purely in crypto. We are building a hybrid of the both with more focus on the crypto. Even though they are small now, we strongly believe that pure crypto exchanges will be bigger, many times bigger, than fiat based exchanges in the near future. They will play an ever more important role in world of finance and we call this new paradigm Bitfxt; Bitcoin – Forex technology. With your help, Bitfxt will build a world-class crypto exchange, powering the future of crypto finance.

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PROBLEM and SOLUTION

Poor technical architecture: Many exchanges are “put together quickly”, by good tech people, but who have little or no experience in finance or in operating an exchange.They often choose the simplest approach to get the system up and running. While this may work well in the beginning, as traffic grows, the system will not be able to handle the increased load. Exchange systems need to be engineered from the ground up with security, efficiency, speed, and scalability in mind.This often slows down the initial development, but is critical for long-term success. Our team has decades of combined experience building and maintaining world class financial systems that shape the economy. We understand how these systems are built from the ground up.
Insecure platform: There are hundreds of exchanges that went down due to being hacked. Bitfxt is built to high standards, audited, and penetration tested. We have experience, building financial systems to the highest security standards and strive to ensure security first.
Poor market liquidity: Professional traders and normal users are significantly affected by this. Having a shallow order book means high slippage when trading, which is very expensive for traders. Getting miners, institutional investors and large traders into a new exchange is a chicken and egg problem, and requires a team with deep industry resources.Bitfxt’s team have been in both the finance and crypto industry for many years. The team has worked on and operated a number of exchanges, and have accumulated a large network of partners in this space. These partners will be key in bootstrapping the exchange.
Poor customer service: Traders are a different breed when it comes to users. Understanding the trader mentality is vital for running a successful exchange. Money is literally on-the-line.Many exchanges service traders as if they were running a social media site.A 3-second delay in seeing your friends’ status update would hardly be noticed, but on an exchange, the same would be unacceptable, resulting in a torrent of user complaints.In additional to the technology stack, Bitfxt is built with service in mind. Bitfxt shares support responsibilities across the entire staff and company. When a trader has a problem, they get an answer directly from someone who knows the system and not someone reading from a script.
Poor internationalization and language support: Blockchains have no borders.Most exchanges focus only on one language or one country.
Poor training and awareness: Most exchanges careless about the knowledge level of their clients. Bitfxt has decided to provide an academy to educate users on everything that has to do with is emerging technology.

FEATURE Bitfxt

Peer-to-Peer Transactions

Bitfxt exchange engine is directly person to person and completely transparent

Borderless Payments

Our wallet is borderless and global. It can be used by anyone across the globe to make and recieve payments.

Strong Security

We are CFID insured. We are hack proof and we follow the best industry security practices.

Easy funding

You can easily fund your account with your fiat currency using credit card or direct bank transfer

Wallet

Trade, exchange, recieve, send and store bitcoin all in one app

VAULT MINING

You can mine BXT coin using our coin vault. It is highly profitable and easy to mine.

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COINS

Bitfxt will support trading pairs in the following coins:

• BTC

• ETH

• BXT (Bitfxt Coin)

FIAT

More coins and fiat will be added over time. We generally will only add coins that have strong credibility, user base, and liquidity. If you have a coin that you wish to be listed on Bitfxt later, participating in our ICO will help.

DEVICE COVERAGE

We will provide cross-platform trading clients for:

• Web-based trading client (Already live at https://bitfxt.co)

• Android native client (Already live at https://play.google.com/

store/apps/details?id=com.application.bit4value)

• iOS native client (Coming soon)

• PC Windows native client (Coming soon)

• REST API (Coming soon)

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MULTILINGUAL SUPPORT

The very initial release will be in English only.) More languages will be added over time.

ICO details

general information

Token: Bxt

Platform: Ethereum

Standard: ERC20

Quantity: 20,000,000 bxt

Price: 1 ETH = 1,000 BXT

Payment: ETH, BTC

Soft cap: 2,000 ETH

Hard cap: 5,000 ETH

KYC: NO

ICO

Quantity: 14,000,000 bxt

Start: 09/27/2018

Completion: 11/27/2018

ALLOCATION

% Amount (BXT) Participants

70% 14,000,000 ICO

20% 4,000,000 Founding Team

10% 2,000,000 Angel Investors

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FUNDS USAGE

25% of the funds will be used to build the Bitfxt platform and perform upgrades to the system, which includes team recruiting, training, and the development budget.
25% will be used for Bitfxt branding and marketing, including continuous promotion and education of Bitfxt and blockchain innovations in industry mediums. A sufficient budget for various advertisement activities, to help Bitfxt become popular among investors, and to attract active users to the platform.
30% will be kept as capital for the exchange and to provide immediate liquidity for those seeking to exchange BTC, ETH, BXT, USD and NGN on our instant exchange.
20% will be kept in reserve to cope with any emergency or unexpected situation that might come up

Repurchasing plan

Every quarter, we will use 20% of our profits to buy back BXT with additional premium and destroy them, until we buy + 50% of all the BXT (10M) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 10M BXT, leaving 100M BXT remaining.

Decentralized Exchange

In the future, Bitfxt will build a decentralized exchange, where BXT will be used as one of the key base assets as well as gas to be spent.

ROADMAP

September 17, 2018

Ads and Sc. white paper circulation.

September 20, 2018

Begin private sale Conference ICO FLAG off / blockchaun.

September 27, 2018

Public sale of ICO public sales, air vacations, awards and promotions began.

October 16, 2018

Running Bitfxt Ghana Ghana.

October 22, 2018