The foreign exchange (Forex) market is a global decentralised market for the trading of currencies and determines the foreign exchange rate. It includes all aspects of buying selling and exchanging currencies at current or determined prices. It was rated as one of the largest foreign exchange platform on currencies over the years but as time progresses, its exchange capacity began to face failures. Knowing full well that finance is a key important thing that for every error in the course of financial relation between two or more persons in the business, it paves room for distrust, fear, and finally soils every beauty about whatever trade they are into. It is on this premise that the problems have been outlined for proper policy framework to be applied in bringing about an ending solution to the constraints via the blockchain technology;
PROBLEMS RELATED TO THE FOREX
Although despite its large market economy, it is still trapped with major constraints capable of sinking the entire market structure and these constraints can be attributed as a result of the recent technological tools involved in the exchange of currencies internationally, These difficulties are outlined below;
- The fees incurred by the trader, broker, and liquidity provider when withdrawing and depositing funds
- The lack of consistency concerning broker fees, due to a lack of standardization
- The much delay involved before financial exchange transactions can be delivered
- Hurry sign up to get your limited time offer, as we expand globally
SOLUTION WITH THE APPLICABILITY OF THE BLOCKCHAIN TECHNOLOGY
By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution. By offering a digital currency to brokers and traders, FXPay provides a medium through which to effortlessly convert fiat currency into FXP tokens. below is a diagram stating a remedial channel;
FXPay (FXP) is a decentralized cryptocurrency token issued by FXPay Inc. FXP is a registered ERC20 token based on Ethereum blockchain technology. The FXP token utilizes smart contracts to ensure investment security and token management. Fxpay maximize the usefulness of the fxpay token to appreciate and increase the rate of transactions in the foreign exchange and reduce risk to it minima level. The inadequacy facing the brokers and traders in the forex market, Fxpay uses the power of the Blockchain technology via the fxpay token to tackle concerns of parties involve in the foreign exchange. for more clues, watch the video below;
Our goal is to address the current inefficiencies within the market and to provide cost-saving solutions to brokers, traders, and liquidity providers.
BENEFITS FOR BOTH BROKERS AND INVESTORS
- Alternatively, traders can choose to keep Forex credit, which can either be used to continue trading at a later stage, or withdrawn into fiat currency through the Forex trading platform, at minimal cost.
- FXPay Inc. presents an attractive offering for Crypto investors, who can now choose to participate in the Forex market as well. FXP can be used as a great hedging opportunity in a situation of high market volatility.
- Brokers can choose to manage their own risk and profit by using their leverage and deciding how much of their FXP they would like to allocate to traders.
- By transferring the money to LP or banks FXP will act as a payment gateway but most importantly, we give discounts to brokers.
- By purchase/store of FXP Brokers can easily buy FXP at a discount price then distribute to their traders or in house exchange .FXP is an optimal marketing tool to get more customers for the brokers.
FXPAY PRE-ICO & ICO
The token sale ( Pre-ICale ) will be available from 1st May until 31th July 2018. A total of 10 Million FXP will be offered at US$ 0.75 – US$ 1.15 per FXP – and through that, FXPay Inc. is eager to expand its FXP holder base. While the token sale ( ICO Crown Sale) which is allocated to the public will be available from 1st Aug until 31st Oct 2018 A total of 30 Million FXP will be offered at US$ 1.25 – US$ 1.60 per FXP – and through that, FXPay Inc. is eager to expand its FXP holder base.
PRIVATE SALE: minimum purchase requirement is 10,000 USD or 20 ETH. 5 million FXP will be offered at the price of US$ 0.65 per FXP
PUBLIC SALES will later on start at about, Time: 1 pm on 1st May 2018 to 12 pm on 31st July 2018 with 10 million FXP will be offered to the general public at a price of US$ 0.75 per FXP. – US$ 1.15 per FXP
ICO CROWD SALE will start about; 1 pm on 1st Aug 2018 to 31st Oct 2018 30 million FXP will be offered to the general public at a price of US$ 1.25 per FXP. – US$ 1.6 per FXP.
After the sales of their coin to prospective investors, a percentage of the token will therefore be distributed to all category of persons who contributed towards the success of the project, below is the distribution formula;
Below is a league of professionals who have been able to bring the truckload of ideas into reality as their own contribution with the blockchain technology in solving global financial exchange;
Below is the project next plan of action that will serve as guide to all ICO investors, this is therefore an opportunity any profit oriented investor would not want to miss, therefore your time counts now;
FOR MORE INFORMATION, VISIT;
OFFICIAL WEBSITE: https://fxpay.io/
ANN THREAD: https://bitcointalk.org/index.php?topic=3851151
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2235232