BITHEMOTH EXCHANGER

 

INTRODUCTION

Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, we at Bithemoth have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform. Since cryptocurrency is designed for mainstream adoption, our platform will be a stop-shop for clients that intend to earn huge returns on investment. We will create a user-friendly system that incorporates both traditional markets and the blockchain based assets.

Bithemoth Ecosystem will offer the following:

  • ►Fast and intuitive exchange.
  • ►A rich trading platform embedded with digital asset investment opportunities.
  • ►A turnkey ICO Incubator.

Our services will be accessible through a streamlined platform that is embedded onto the blockchain technology. It is our belief that newcomer investors do not need to pass through a laborious process before benefitting from the crypto market. Our vision at Bithemoth is to mentor new investors for them to become skilled in the crypto-space through our supportive, simple and user-friendly platform. While on the other hand, allowing experienced traders to enjoy highly flexible, fast, and secure environment that is inherently laden with familiar features. Bithemoth will not stop at providing a user-friendly platform to investors; we will also offer an integrated marketplace and ICO Incubator that will provide our users more opportunity to utilize their crypto or take advantage of new developments.
Bithemoth will refine the way crypto-currencies are traded and will be a key leading innovator in this sector. This platform will incorporate multiple novel features to distinguish itself from existing platforms solidifying itself in the crypto-sphere. Utilizing the diversity of the team we are creating a powerful and robust exchange, which will not only satisfy the needs of traditional stock investors but will also simplify the trading process allowing any person to be part of this technological renaissance.

Team Experience

Members of Bithemoth platform are premium level experts in the financial sector and related fields. Our vision is to build a successful business in this space and to create a solid bridge that will connect the digital asset ecosystem to existing institutions. Blockchain technology will no doubt introduce a paradigm shift in the way businesses is conducted, however, we will leave no stone unturned in the blockchain space when applying basic business ethics to develop users’ applications. According to Dr. Garrick Hileman, during a global cryptocurrency benchmark study at the Cambridge University in 2017, “Cryptocurrency will not be useful when it is at a close vacuum, but with the effort of connecting bridges, it can be used to improve the economy”. We align ourselves with the position of Dr. Garrick that is why we parade top-notch professionals to build these connecting bridges. Bithemoth plans to improve on the existing fintech space rather than starting from the scratch with a view to seamlessly integrate traditional brokerage services into the growing digital asset economy and the proven blockchain platforms.

CURRENT ISSUES:

The following are a list of common issues that militate against the growth of existing exchange platforms. Bithemoth strives to provide solutions using a user friendly, fast and fully licensed platform to ensure that these issues are mitigated.

Initiation

This first issue we would like to focus on is how cumbersome and tedious it is to sign-up and deposit funds into current exchanges. In some instances, it can take days and even weeks to get verified on an exchange. For most investors, this period of time is extremely stressful and can feel like an eternity with the market continually changing. As we all know, time is of the essence when it comes to investing.
At Bithemoth, we would like to address this issue by streamlining the signup process and providing world class support for investors. This will not only make it easier to sign up but will also reduce the verification time significantly. We leverage on our understanding of time management to mitigate this issue. Investors are guaranteed of a seamless and fast platform for trading.

Poorly Designed U.I’s

Another issue that investors normally have to deal with is the issue of poorly designed UI’s and archaic platforms. Most crypto-trading platforms are usually bogged down with excessive numbers and charts with little to no explanations. This can overwhelm even the most seasoned investors. With this challenge, how will amateur investors learn the ropes to become a professional investor? This question has amicably taken care of with the introduction of our platform.
In order to solve this issue, we are consulting with industry experts from various trading backgrounds to create the most efficient and robust UI that is available on the market. In addition, to completely explain our UI, we will be releasing a series of videos to make sure that everyone using Bithemoth will be able to make full use of all of our unique features.
These videos will go a long way to explain how our features operate, so that amateur investors will learn everything they need to know even without going through a mentorship class.

Platform Speeds

Another germane issue we will look into is the speed of current exchanges. Several investors have been complaining about the snail speed the currency exchanges are fraught with, resulting in huge losses.
In view of the above, we are future-proofing our exchange to ensure scalability and speed. We will achieve these through setting up a strong foundation for the platform to grow. This will ensure that the exchange will be able to maintain efficiency if there were a surge in user registration. In addition, we will also assign a support team that would be charged with the responsibility of resolving users’ queries and complaints within the shortest possible time.

Customer Service

The greatest challenge faced by investors in the crypto-market is the issue of customer service and support. The challenge ranges from unresponsive support teams to rude staff members. From our visibility studies, we discovered that there has never existed an exchange with a world class support team.
At Bithemoth, we place value on the trading experience of investors, which is why we are maintaining a pleasant trading environment. We realized that having a world class support team cannot be overemphasized.
To confront this challenge, we will hire top-class customer service experts to work in our customer service unit. These experts will be adequately trained and certified to handle customers’ queries and complaints. We will make a point of duty to train and retain our customer service team, and the fees will be borne by Bithemoth. This training will align the superior standards of our exchange with the interpersonal skills of our staff members. That’s not all, we will only select the best candidates for the job to reduce the waiting time that users will get a response from us. Once users have reported an issue, our customer care will respond to the complaint as fast as is humanly possible. The trading experience is a priority of the Bithemoth team and we are motivated to assemble the best support team possible.

International & Multilingual Support:

Another major pitfall of current trading platforms is that they lack adequate international support. This centralized some exchanges to certain regions and inhibits them from developing into a global platform. In order to truly make our exchange available world-wide, we are going to utilize the diversity of our team and ensure that the exchange will have support for all major languages. This will earn Bithemoth as one of the most globally accessible exchanges on the market and

reduce some of the market variation experienced between different regions.

Security

As an investor, one of the most heightened concerns is the security of an exchange. This is because even though every investor would like to store their funds remotely, it is inevitable that a portion of one’s investments will be located at the exchange due to active trading. While some of the other exchanges seem to overlook the security of their platforms, at Bithemoth, we believe that transparency is the key to the success of any business. In light of this, our platform will run transparently. To ensure the security of our platform, we have deployed high level state-of-the-art security architectures to protect investors’ funds, guaranteeing its safety.

Registration, Licensing, and Regulations (Multiple Jurisdictions)

According to Hileman and Rauchs, the greatest challenges facing current cryptocurrency exchanges is to maintain cordial relationship with traditional financial institutions, payment gateways, and banks. Furthermore, analysis conducted in over 150 companies reveal that small exchanges have difficulties maintaining relationship with financial institutions.
In view of the above, Bithemoth intends to operate as an electronic money institution. For us to run a multi-faceted fintech platform, we will obtain multiple licenses from different jurisdictions with a view to remaining compliant

with laws and regulations. Whenever we plan to expand our services to other jurisdictions, we will apply for licenses as required by law to cover our planned services.

Our Ecosystem

In a bid to operate as a link between traditional finance and the digital asset economy, Bithemoth platform has come up with a simple and conventionally adoptive system. Three major aspects of the digital economy will be simplified by Bithemoth’s diverse ecosystem thus presenting (i) an exchange, (ii) a trading platform, and (iii) a complete ICO Incubator.
A wide range of services that were absent in a single system will be made available as Bithemoth works alongside her partners. New traders can invest in cryptocurrencies with a few clicks on the exchange using our adjustable and user-free environment while, professional investors will conveniently use our trading platform that has been designed with a vigorous tool-set. Bithemoth ecosystem envisions her ability to provide companies with an ICO Incubator that is ready to use and that which supports project development thus, enhancing growth and collaboration.
Bithemoth hopes to offer payment processes for both cryptocurrencies and fiat that are fast and secure by establishing banking relationships that are stable. Bithemoth also plans on implementing and adding to the already existing features, a unique system of rewards for BHM purchasers, and carefully designed custom trading solutions to meet the needs of the digital asset economy.

Direct Payment Process – Cryptocurrency and Fiat Support

Through the securement of specific licenses, eMoney status, and stable banking relationships, we are setting up the infrastructure for direct payment processes that will allow the conversion of fiat to cryptocurrency. Both direct Bithemoth exchange clients and third-party clients such as external companies will have access to this feature and can utilize it as a means of entering the cryptocurrency market.

KEY DISTINGUISHING FEATURES

Portfolio Management

It is important for any investor to be able to evaluate their holdings in a simple and timely manner. The problem with cryptocurrency exchange platforms today is that it is very difficult and tedious to do this. Many exchanges do not provide enough information to the users and makes it tough for them to keep track of their holdings and their performance against real-time market values. It is because of this reason that external apps have been created to solve what most exchanges have failed to deliver on.
In view of the above, we will strive to resolve this issue by incorporating features in our exchange with a view of providing users with the portfolio management tools needed to appropriately evaluate their holdings and investments. With the tools accessible on our platform, investors can monitor and track their investments at the comfort of their houses.

Quick view – Portfolio Distribution Tool

The quick view portfolio distribution tool that we are integrating into our exchange will provide our users a quick means of evaluating their current holdings. This feature is important because it provides a means of assessing how assets are distributed in one’s portfolio, in a visually appealing and simplistic manner.

In House Portfolio Manager

Having a user-friendly portfolio manager is what most exchanges are missing. We hope to change that trend through integrating a simple, yet in-depth portfolio manager’s tool that would be accessible by all users. Our in-house portfolio manager will provide an overview of one’s investments and their performance based in real-time. Examples of features include the average buy cost (Btc/monetary), current value, daily percent change, overall percent change, and cumulative portfolio performance. When we integrate the portfolio manager into our exchange, users will have access to real-time information at their fingertips that will empower them to have full control over their investments.

Special Trading Features

We are also working on integrating specialized trading features into our platform. This will allow our users to set up specialized smart buy/sell orders and other unique trading features. Several exchanges do not offer this feature, but we will set the pace in the crypto world.

Ease of Entry into the Crypto-currency Market

Since the advent of cryptocurrency, many aspects have changed in the way businesses are conducted. In light of this, investing in the crypto space is becoming more popular and a lot of people are looking for an easy platform to penetrate the crypto market.
In view of the above, we will integrate easy payment options into our exchange, where users can buy crypto-currency using fiat-based currency.

Buying Made Simple

As part of our effort to make cryptocurrency accessible by public members, we will be creating various channels to enable investors to purchase cryptocurrency without the rigorous process like other exchanges. As part of this, we hope to include the purchasing of cryptocurrency via money transfer, credit card, and even commonly used existing payment solutions into our exchange.

Crypto on-the-go

Our plan was not to create a platform that would rely solely on computer, but to develop a platform that would cater for all systems. In light of this, we are creating a user-friendly interface that would support full functionality of our exchange on a wide range of devices and platforms without any hitches.

Bithemoth Coin (BHM)

Bithemoth Coin (BHM) will be the token coin that we will issue. There will be a maximum amount of 200 000 000(two hundred million) coins that will be created. We do not intend to increase it further. BHM is modeled and will run using the Ethereum blockchain with ERC 20. This will ensure the safety and security of the token in the long-term.

ICO Schedule

Once our ICO commences, investors shall be invited to purchase BHM tokens until the 90,000,000 tokens that we have set aside have been sold. The purchasing schedule will work on an incremental basis that will reward buyers that purchase BHM token during the early stages of our ICO.
Investors that purchase BHM via our ICO will receive their tokens  within and no later than 7 working days.

BHM Value

You will be able to utilize your BHM coins to pay for any fees on our exchange platform. This will include exchange fees, withdrawal fees, listing fees etc.
There will be specific discount incentives that we will be introduced for the initial promotion of BHM usage on our exchange; this will be effective immediately but limited to a period of 5-years.

Follow up the following links for a better understanding …Investing wouldn’t be a bad idea!!
Website: https://bithemoth.com/
Whitepaper: https://bithemoth.com/whitepaper.php
Facebook: https://www.facebook.com/bithemoth/
Twitter: https://twitter.com/bithemoth?lang=en
Medium: https://medium.com/bithemoth-exchange
 
AUTHOR: Kofafrik
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kofafrik

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