BIXTRIM: AN EFFECTIVE CRYPTOCURRENCY EXCHANGE PLATFORM BUILT ON BLOCKCHAIN TECHNOLOGY
The birth of bitcoin led to several hundreds of cryptocurrencies, though the main idea behind cryptocurrency is to secure and anonymous way to transfer currency from one person to another. To further develop this anonymity, Satoshi Nakamoto developed a digital ledger of bitcoins transactions called Blockchain. However, the influx of people into the market has made an astronomical rise of cryptocurrencies like Bitcoin and Ethereum, hence made cryptocurrency market popular.
However, despite all the benefits of cryptocurrencies, there are a number of major problems that plague the market. Structural and functional issue that affect the market are major problems that comes from a variety of reasons such as slow transactions, loss of profit, No possibility to trade on a predetermined date, high fees in financial market, the activities of cyber criminals, market volatility, issue of taxation, technical limitation and transaction risk.
BARRIERS FACING CRYPTOCURRENCY MARKET
· Slow transaction: This is another paramount barrier faced in the cryptocurrency market. It takes longer time for transactions to be carried out therefore does not allow coins to be as conveniently usable as ﬁat money.
· Delay in cash-out: One of the major barriers faced in cryptocurrency market is the issue of delayed cash-out, most traders cannot exchange currencies to fiat money instantly and cashing out also takes several days.
· No support for transaction planned on a predetermined date: There are no possibilities to trade on a predetermined date in many of the existing exchange platforms. This barrier does not allow some of the brokers and investors to enter the cryptocurrency market.
· Taxation: The income taxes in Soviet Union countries are high, for example investors of cryptocurrencies are charged while cashing out their coins and transferring their proﬁts to their accounts in Georgia.
· Single factor authentication
· Limited connection of crypto market with retail market
To solve the above mentioned barriers, BIXTRIM was born to help proffer solution by creating a blcockchain based ecosystem where everyone will be able to have easy access to advanced crypto financial services anywhere in the world.
UNIQUENESS OF BIXTRIM
· BITXTRIM will develop an innovative feature — futures contracts on the Bixtrim platform supporting a predeﬁned date for transactions where every user will be able to trade with ease.
· BIXTRIM will be developing a cypto based pawnshop where investors of crypto can stake their coins for some period of time and retrieve their coin after fulfilling their financial commitments.
· While BIXTRIM in cordial partnership with one of the leading microfinance bank in Georgia, customers will be able to cash out cryptocurrencies at cash desks within few minutes. BIXTRIM will be making use of various banks to support money transfer method such as the SEPA to offer instant transfers.
· BIXTRIM will create a global cryptocurrency with the ability to process at least 100.000 transactions a second. Bixtrim coin will serve as a progress which connects the crypto market to the retail market.
· With feature of multifactorial authentication, Users within the Bixtrim platform will be able to select between simpliﬁed and multifactor authentication methods. These will help to secure funds from being hacked.
· With the plastic card from Bixtrim, users will be able to avoid additional taxes and make transactions/payments with their card in coins, as these will be linked to their cards and will not appear as an income.
· BIXTRIM will be issuing a revolutionary payment card, which will be directly linked to the Bixtrim coin and other cryptocurrencies. The card will be used in POS terminal and any online shop for purchases.
· BIXTRIM will be issuing a cryptocurrency, which supports the exclusive and innovative escrow feature; transactions made within the bixtrim system will be protected.
BIXTRIM TOKEN (BXM)
The BIXTRIM TOKEN is a utility token having a total supply of 72,000,000 BXM. The token will allow lower commission on exchange platform, The BXM Token can also be exchanged to new cryptocurrency and it will also provide room for lower commissions in a pawnshop.
Price in ICO1 BXM = 1 USD
First week of Sales: 60%
Second week of Sales: 40%
Third week of Sales: 20%
Regular sales process begins from the fourth week.
Min. investment: 30 BXM
Accepting: BTC, LTC, ETH, Fiat
TOKEN DISTRIBUTION AND FUND DISTRIBUTION
THE TEAM AND ADVISORS
Visit the below website for more in depth knowledge about the project:
Bitcointalk username: bosunbossman
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1197648;sa=summary
Ethereum Address: 0x1802c850A7703D8Cd69f8f8CDF948B69034fA699