THE BITRABBIT EXCHANGE
Cryptocurrency Exchange is a platform where digital assets of anykind are exchanged for one another which is referred to as Trading. This is done with the help/through tradings pairs.
A trading pair can be defined as a market between two asset, example can be Ripple and Ethereum, thus, allowing you to trade one for the other.
A lot of cryptocurrency exchanges only support crypto pairs, a little few support fiat (paper money) pairs like the US Dollars.
There are two types of exchange, namely
Centralized exchange, Decentralized exchange.
With centralized exchanges, intermediaries such as companies act as middle men in order to facilitate trading on their platform. In exchange for providing this service, intermediaries collect trading fees. In essence, centralized exchanges often act as the first point of contact for newcomers that are interested in trading cryptocurrency.
Unlike centralized exchanges, their decentralized counterparts do not require intermediaries for their operation. Instead of matching buy orders and sell orders in an order book, a decentralized exchange operates by matching the people behind those buy and sell orders.
WHAT IS BITRABBIT
BitRabbit is a centralized cryptocurrency exchange domiciled in Australia. It is fast, user-friendly and secured cryptocurrency exchange with a user=friend and easy to navigate user interface. The daily transaction volume is rapidly growing to almost about 400 BTC.
During the initial time, we would like to use parts of BRB for marketing and cryptocurrency exchange.
The current market cap according to coinmarketcap.com, Bitrabbit market cap is $52,336,730 USD, the BTC value is 6,474 BTC.
It currently has a 24-hour trading volume of Ƀ5,949.30 from 38 coins and 52 trading pairs. The most active trading pair on BitRabbit exchange is BTC/USDT.
In Addition, CARROT would Be used as the token for exchange and forum Which could be used in kinds of promotions. (Lottary， log-in receive CARROT and other competitions)
BitRabbit has released an attractive investment opportunity called the Blockchain Asset Index. This is basically a mutual fund consisting of seven cryptocurrencies which were released on October 1, 2017, for $ 1, and has more than doubled its value. This type of asset can be of interest to conservative investors who are interested in long-term cryptocurrency holding, and it will be interesting to see if the company offers similar opportunities.
The company mentions in passing that it hopes to host various assets on the exchange, including stocks and options, but this seems to be far from being implemented. The most ambitious idea is that users will be able to trade cryptocurrency for assets such as stocks. At present, only the Chinese beta from the exchange has been released, which seems to only accommodate a limited number of cryptocurrency. The company stated that they hope to release the full version of the exchange on August 1, 2018
THE BITRABBIT COIN (BRB)
Rabbit Coin (BRB) is a universal point for “BitRabbit Exchange” and “BunnyPub Rabbit-Based Community” and is a point system based on publishing and blockchain management. The total amount is limited to 200 million, of which 20% has been distributed to initial investors and 30% has been distributed to teams.
CARROT is a free candy given to users. Before trading pairs were opened, users were able to obtain different tokens through a wheel of fortune game and then traded for currency on the exchange. The consumption method was too monotonous and not transparent enough was often something users complained about. Users that obtained CARROT weren’t satisfied.
Yet, the opening of CARROT trading pairs allowed users to have a better choice to spend their CARROT. The wheel of fortune was now a chance for users to use smaller sums to win bigger rewards, and trading pairs is a relatively more stable alternative. CARROT is supported by projects joining the forum, listing fees, and hiring forum admins.
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