Introduction
The advent of digital currency now redefined our world and to a large extent gave birth to a new era of a financial system, unlike the fiat currency. Before crypto-currency came on board, everyone has been seeking out for a secure, trade-based platform with a robust system of security; because having secured based exchange will avail every financial user that soothing relief of financial security. Therefore, the thought of profile hacking will be a thing of the past.
However, we presently operate on two exchange systems which are: Decentralized and Centralized Exchanges. You will believe that these exchanges posses some shortcomings; for instance, the decentralized exchange has a limited set of functions while in centralized exchange there is limited autonomy for the user. The most trusted and secure exchange platform is the decentralized based exchange which enables users to have the full control of their asset with no fear of security compromise.
Decentralized exchanges are entrapped by two major problems: Large spreads and low liquidity. Large spreads are due to the dichotomy between asks and bids which greatly has a high price for entry and exit positions in the exchange market. Low liquidity simply means the low turn-over amount of the buyers and sellers; which result in the downward trend in prices. BZx project came to help bridge the difference between centralized and decentralized liquidity pools through tokenized margins. In line with this, we bring you an ecosystem called bZx project.
What is BZx?
It’s a P2P trading and funding security protocol founded on the basis of decentralization. It’s a new protocol system that integrates the present infrastructure of exchange. BZx protocol will help traders, lenders, and decentralized exchangers. This means that lenders will have the capacity giving out tokens for profiting interest rate without fear of losing their assets to compromised centralized exchanges. Also, traders will have profit trade margins without the need to move out their assets to a centralized exchange that can get susceptible to compromise.
Decentralized exchanges will enjoy better feature provision, increased volume, and cheap trading fees.
How it works
The bZx project is laced with Ethereum based brilliant contract that enables transparency in financial transactions. With it, every user has the options to trade on a short or long position at the trading margin. Short position trade is a complex one that demands leverage, escrow system. A long position will be over time asset such that is expected to record surge in asset or scale in its values later years.
Features of BZx
• Security: It allows us getting the real secure margin on the lending trading margin.
• High liquidity: This feature will yield of high liquidity system of decentralized Exchange and providing a high liquidity for everyone involve.
• Cost effective: The secure system of trading will easily function on any exchange; therefore, it will enable cheaper trading, safer lending, and enough liquidity for users.
• Protocol-based: BZx project is a protocol based rather than exchange which allows integration to any other Exchange existing or new exchanges. It can be used via the bZx app, it’s a decentralized Peer-to-Peer trading and margin funding protocol developed on Ethereum basis.
Competitive Advantage of bZx
BZx protocol serves as a benefit for decentralized Exchange, lenders and traders. Lenders never need moving their asset to a centralized exchange-based platform for profitable while putting their funds to high risk of being compromised. Rather, they will be loaning out their funds to traders for profitable gains.
It allows users having the autonomy of their assets. In the Exchange, there will be lower risk, lower fees, passives means of income.
BZx protocol will scale up decentralized exchange liquidity when linked to centralized exchange, which allows market influencers to avert risk during the process of order book liquidity.
Token Details
BZRX token is the currency used within the project. The token functions through bZx protocol like ZRX token functions of 0x based protocol. They both token protocols will make easy the network. The following below are the token information.
Token: BZRX
Pre-ICO Price: 1 BZRX = 0.062 USD
Price: 1 BZRX = 0.073 USD
Bonus: Available
Bounty: Available
MVP/Prototype: Available
Platform: Ethereum based
Accepting: ETH
Hard cap: 36,500,000 USD
Country: USA
Restricted areas: United state
Conclusion
Final thought, when it regards matters concerning crypto exchange platforms. All parties involved might be verge of a loss because of the decision made by the various parties involved. Introduction of blockchain project has birthed an era of unlimited trading means via the use of smart contracts. Decentralized exchanges are entrapped in two major problems: Large spreads and low liquidity. Large spreads are due to the gap between asks and bids which greatly has priced for entry and exit positions in the exchange market. Low liquidity simply means the low turn-over amount of buyers and sellers; which resulted in downward trend in prices. BZx project come to help bridge the difference between centralized and decentralized liquidity pools through tokenized margins.
For more information on BZX project please visit
Official website: https://b0x.network
Whitepaper: https://b0x.network/pdfs/bZx_white_paper.pdf
Authors Bounty0x username : Justice3030