Bixtrim as a Reliable Currency Exchange Platform for the Public
Bixtrim tokens are currently being sold at $1.00 per token. Its total supply of 72,000,000 tokens will be distributed in four stages, which already started in June 1 and ended in June 20, 2018 for the private sale of 3,000,000 tokens. The discounted sales of 10,800,00 tokens will be divided into three phases. The first phase of public sale (ICO) includes 1,300,000 tokens with 60% discount for minimum order of 30 tokens. The second phase of ICO includes 2,600,000 tokens with 40% discount for minimum order of 30 tokens. The third phase includes sales of 3,900,000 tokens with 20% discount for minimum order of 30 tokens. The ICO has a hard cap of $51,000,000 and soft cap of $6,000,000, Investors can purchase tokens using Ethereum, Bitcoin, Litecoin and fiat currency.
Cryptocurrency is as cryptic as its sounds for many ordinary consumers who are accustomed to using fiat money and its many representations such as checks and electronic versions (PayPal, credit cards, debit cards, etc.). The big difference is that fiat money is associated with specific nation-states or governments that guarantee their value while cryptocurrency is state-less. The former is centralized while the latter is decentralized. One is purely guaranteed by complex computer algorithms and irreversible blockchain records and the other one is guaranteed by central banks and by the economic stability of countries. Cryptocurrencies are also relatively more volatile than fiat currencies because of their vulnerability to market speculations. These facts make cryptocurrency intimidating and doubtful for those who are unfamiliar with it.
Although the global market for crypto money is growing, many people are still hesitant to use this type of currency in ordinary transactions. A significant number of people invest and hold onto their digital coins with the expectation that the value of these coins will continue to rise. The retail sector for this currency represents a minority of the total amount of crypto wealth. Part of the problem is the usability of the platforms. Many crypto platforms are either too complicated to use or they lack many essential features for efficient use in various types of transactions.
Bixtrim provides effective solutions to various problems encountered by crypto money users in other platforms. The company offers various features and products that are meant to support cryptomarket transactions and encourage wide range of public transactions at lower currency exchange cost.
The first common problem that it tries to solve is the slow process of cashing out on cryptocurrency, which could take several days in some platforms. It is not only inconvenient but could slowdown business transactions instead of facilitating them. To solve this basic problem, the company partnered with a leading microfinance company that have the facilities and network of service centers that process fund transfers in a matter of minutes. It will also use accounts in different banks and wide range of fund transfer services to facilitate fast transactions. The system is user-friendly and connected to ten global exchange platforms that can convert fiat currencies such as US dollar and Euro into cryptocurrencies such as Bitcoins and Ethereum then vice-versa as shown in the diagram above.
Another problem that Bixtrim tries to solve is future contracts or trading on a specified date. For instance, if one trader thinks that a currency will rise on a certain date, he or she might want to purchase a currency from another trader who thinks that the currency value will slide. Bixtrim allows for using the current value of a cryptocurrency as collateral. It has a pawn shop system that temporarily hold the traded currencies in the form of tokens pegged at their current value. The loser will pay the winner based on the change in value on a specified date.
Bixtrim solves other problems such as authentication-security issues, profit loss, and taxation. All of these solutions are geared towards better public platform for a wide range of fiat-crypto transactions.
Get the latest details and in-depth information of this ICO and platform through their whitepaper, website and official social media pages here:
Whitepaper: https://www.bixtrim.com/en/whitepaper.html
ANN Thread: https://bitcointalk.org/index.php?topic=4417058.0
Website: https://www.bixtrim.com/en/
Telegram: https://t.me/bixtrim_ico
Twitter: https://twitter.com/bixtrim_llc
Facebook: https://www.facebook.com/bixtrim/
Medium: https://medium.com/@bixtrim
Youtube: https://www.youtube.com/channel/UCVXmlGo6wDMsG_kkYFWZwvQ
Written by: Banelocke
Bitcointalk User Profile: https://bitcointalk.org/index.php?action=profile;u=2052416