BITHEMOTH (ICO Review) – The Cryptocurrency Trading

bdcoinmarket (25)in #bithemoth • 6 years ago (edited)

Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, they 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, their platform will be a stop-shop for clients that intend to earn huge returns on their investment. They will create a user-friendly system that incorporates both traditional markets and the blockchain based assets. The Bithemoth ecosystem will offer the following;

Fast and intuitive exchange
A rich trading platform embedded with digital asset investment opportunities
A turnkey ICO incubator
Bithemoth will not stop at providing a user-friendly platform to investors, they will also offer an integrated marketplace and ICO incubator that will provide their users with more opportunity to utilize their crypto or take advantage of new developments.

Bithemoth will refine the way cryptocurrencies are traded and will be a leading innovator in this sector. This platform will incorporate multiple novel features to distinguish itself from existing platforms solidifying itself in the cryptosphere. Utilizing the diversity of their team, they 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.

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.

Crypto Issues Bithemoth Seeks To Solve
Various issues exist in the world of crypto that only serves to dissuade potential investors from becoming part of the blockchain revolution.

One of the issues with trading platforms is poor customer service. In most cases, you will only be able to access a Chatbot. These chatbots are usually poorly designed. Thus, most customers end up giving up. Besides that, most platforms never pick calls. When they do, they offer lackluster advice, which ends up being even more frustrating. To solve this issue, Bithemoth will hire high-quality experts, who will also be well trained. This will help to ensure that customers get the best quality of service they deserve.

Another issue is international support. There are exchanges where people from across the globe are unable to trade because of the language barrier and other issues. Bithemoth will offer multi-language support and ensure that they are accessible from any location in the world.

SHORT-TERM INVESTMENT WITH HIGH RETURNS

At Bithemoth they value refinement and advancement. Here are some features that will set us apart:

Initiation
The first issue they 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 is extremely stressful and can feel like an eternity with the market continually changing. As they all know, time is of the essence when it comes to investing.

Poorly Designed UI’s
Another issue that investors normally must 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 been amicably taken care of with the introduction of their platform.

To solve this issue, they are consulting with industry experts from various trading backgrounds to create the most efficient and robust UI that is available. In addition, to completely explain their UI, they will be releasing a series of videos to make sure that everyone using Bithemoth will be able to make full use of all their unique features.

Platform Speeds
Another germane issue they will investigate 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, they are future-proofing their exchange to ensure scalability and speed. They 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, they 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. This challenge ranges from unresponsive support teams to rude staff members. From their visibility studies, they discovered that there has never existed an exchange with a world-class support team. At Bithemoth, they place value on the trading experience of investors, which is why they are maintaining a pleasant trading environment. They realized that having a world-class support team cannot be overemphasized.

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, they believe that transparency is the key to the success of any business. Considering this, their platform will run transparently. To ensure the security of their platform, they have deployed high level state-of-the-art security architectures to protect investors’ funds, guaranteeing its safety.

Their Ecosystem
In a bid to operate as a link between traditional finance and the digital asset economy, the 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

an exchange,
a trading platform, and
a complete ICO incubator.
Bithemoth hopes to offer payment processes for both cryptocurrencies and fiat that are fast and secure by establishing stable banking relationships. Bithemoth also plans on implementing and adding to the already existing features, a unique system of rewards for Bithemoth coin (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, they 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.

Ecosystem Growth
At Bithemoth, they believe that client enthusiasm, participation and user retention can be increased by engaging them on the platform through added opportunities to earn. This will allow for more liquidity within the engine thereby keeping spread low and generating higher overall volumes. They plan on rewarding users for participation in BHM and as the platform develops, the scope of reward activities will change and grow. Upon the release of the Bithemoth platform, users will be rewarded for simply signing up on the platform and creating a wallet, referring friends to the platform, using the exchange for the first time, and completing user feedback forms which will help the team to continuously improve on the platform.

Decentralization and Atomic Pair
Since assets are often held by the exchange on behalf of its client base, cryptocurrency exchanges are generally “semi-centralized”. The move to completely decentralize the exchange mechanism has begun and Bithemoth is directing a proactive approach towards this technology. The team behind Bithemoth recognizes technologies like Cosmos, Polka dot and understands that going forward cross chain communication and atomic swaps will be extremely significant in the development of an exchange platform. Bithemoth hopes to use time locked smart contracts without third party involvement to complete the transaction to offer atomic swaps like “peer-to-peer secure exchanges”. The smart contract will serve as a timed escrow so that if one party defaults in the transaction, both parties will be protected. This exchange mechanism is designed such that it will carry nearly zero fees from their side as this will be for clients who are trading smaller volumes and those that do not require immediate execution.

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. With the tools accessible on their 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 they are integrating into their exchange will provide their users with 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. They hope to change that trend through integrating a simple, yet in-depth portfolio manager’s tool that would be accessible by all users. Their 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 they integrate the portfolio manager into their 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
They are also working on integrating specialized trading features into their platform. This will allow their users to set up specialized smart buy/sell orders and other unique trading features. Several exchanges do not offer this feature, but they 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. Considering 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.

Crypto on-the-go
Their plan was not to create a platform that would rely solely on computer, but to develop a platform that would cater for all systems. Considering this, they are creating a user-friendly interface that would support full functionality of their exchange on a wide range of devices and platforms without any hitches.

Development of a Mobile App
To fulfill their goal of creating a user-friendly exchange for a wide range of devices, they are working on developing a safe and efficient mobile app that would be linked directly to their exchange. This mobile app will be developed for both iOS and Android devices. This will result into a boost in the overall functionality of their exchange. This is just one step that they are taking towards creating a more efficient platform with an excellent user experience.

Dedicated Crypto-Marketplace
Once the foundation of their exchange is built, they want to progress and develop their business by adding additional streams. One of their visions is to create a crypto-marketplace linked to their exchange where vendors can trade products directly for cryptocurrency through a seamless and secure means.

Enhanced Security
Security is one of the main pillars of their exchange. They place value on the security of investors’ funds. Investors are the reason why they are in business. They will leave no stone unturned to ensure active measures are taken to tackle security issues that other platforms cannot surmount. They guarantee users that their platform is safe and risk free. They can invest and sleep with both eyes closed, knowing fully well that their funds are protected.

Development of Specialized Hardware Wallets
As part of their initiative to create one of the most secure platforms on the market, they are in the process of developing hardware wallets that will be available to their users. These wallets are being developed as part of another initiative (see section 3.5.2) and will offer larger memory capacities and specialized security features that are not available in the current market. More details on this development will be released during future stages of development, to ensure that proper patents and rights can be secured for their devices.

Innovating the Future of Security on Cryptocurrency Exchanges
As of today, one of the main security concerns is that when users send assets to an exchange, they have no control over the storage and security of those holdings. This culminates into many security concerns since it places all the user’s assets in a centralized location. This vulnerability is what many exchanges and platforms are battling with, and in the past, it was one of the reasons why large amounts of cryptocurrency could be stolen during a single hack.

They have identified that this is a serious issue and they are working on taking precautionary measures to ensure that their users are safe and can feel confident when using their exchange. One of the main developments that they are working to incorporate into their exchange is the integration of hardware wallets. Their goal is to have individuals store their assets on their own personal hardware wallets and sync it to their exchange when carrying out trades. This is an innovation that no other exchange currently has and would be a major development in decentralizing the crypto-trading process and ensuring user confidence in the security of assets.

Dedicated Call Center and other Support Systems
As part of their initiative to develop a support system for their users, they will be setting up call centers, and other support avenues to ensure user concerns and issues are addressed swiftly.

Utilization of Their Cryptocurrency
Although cryptocurrency is becoming more available, it is difficult for the average user to utilize it for basic spending or purchases. This is an issue that the whole crypto-market faces, but developments are being made in the field to overcome this challenge. As cryptocurrency becomes more available its real-world use would become more prevalent.

Access to Their Crypto When You Need It
To address this issue, their development team will integrate spending cards into their exchange. Their goal is to allow users to directly spend their crypto via the use of their Bithemoth card. The transaction will work like that of a debit card purchase and will draw directly from cryptocurrency stores linked to the card holder’s account. This is will allow users to access and utilize their virtual currencies whenever they need it. With this development in place, users will be able to access their virtual currencies 24/7 irrespective of their location.

Smart Contracts
On the NEO, NEM and ETH blockchains, smart contracts and digital tokens are easily issuable through Bithemoth’s planned system interface. Upon the evolution of new blockchain innovations, there is potential to integrate new platforms and features into Bithemoth’s ecosystem. Users of smart contracts are provided with automated, low-fee transactions which provide a higher level of security than relying on standard localized databases. All smart contracts related to live trading will be created or written post-trade to reduce latency. Subsequently, they will explore writing all trade data in real time inside a distributed ledger as blockchain technology becomes faster. With smart contracts, the management of approved workflows between counter-parties, and the calculation of trading settlement accounts with higher accuracy as opposed to standard database technology becomes achievable.

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

Financial Sale Info

Allocation

Presale Schedule

COMPLETE COIN BREAKDOWN

Bonus
– Round 1 BHM (1,000,000) @ 0.22 EUR – Round 2 BHM (4,000,000) @ 0.27 EUR – Round 3 BHM (5,000,000) @ 0.33 EUR – Round 4 BHM (5,000,000) @ 0.41EUR

Tokens for sale: 120,000,000

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