Introduction
As digital assets and technologies begin to impact the real economy, adapting fast to this new emerging trend determines the leaders of the industry Adoption of smart contracts and blockchain technology provides a solution for the most crucial problems in the financial sector, such as lack of transparency and security, which create a gap between traditional and emerging asset classes.
However, despite the proliferation of cryptocurrencies in recent years and the digital assets market becoming somewhat mainstream, existing solutions remain limited. Current platforms can be grouped into two main types of exchanges: fiat exchanges, and pure cryptocurrency and digital asset exchanges. Simplified fiat exchanges are characterized by poor rates offered to their customers and do little to educate their users. Full-featured cryptocurrency and digital asset exchanges, on the other hand, are too confusing for a beginner to use.
Our development plan will focus on the latter. Although pure exchanges for cryptocurrencies and digital assets nowadays are a relatively small percentage, we strongly believe they will grow significantly in the near future, and that these exchanges will play an important role in the world financial market. We named this new model: Bcnex.
Bcnex addresses issues of existing exchanges hear-on offering users an optimal experience with advanced trading models, excellent customers services, clear policies, and fully audited security standards.
The Bcnex Exchange and Proposed Solution
The Bcnex Exchange is built on blockchain technology using best practices from high-performance web application development and experienced developers from the financial sector. Every API function is load tested for speed reliability, and the platform is deployed with auto-scaling technologies.
A robust microservices architecture has been deployed with thousands of bots continually placing hundreds of orders per second (which is faster than 99% of live exchanges as of the time of writing), matching and executing of thousands of trade actions daily.
Technical Solutions
The Bcnex Order Matching System (BCOMS) is a component that matches the buy and sells orders of the exchanges. This is the most important component of Bcnex and is built with great precision. All bu/sell orders are stored in high-performance queues and the system is designed to ensure data integrity with no losses of orders. The BCOMS has slow latency and flexibility scalability, making it capable of handling up to 2,000,000 trading orders per second. This makes Bcnex one of the fastest exchanges in the industry, thus eliminating common issues due to overload systems and clogged orders.
Safety and Security Solutions
Bcnex has been engineered from the ground up with security in mind. To ensure this, we are deploying system security across multiple layers, including (but not limited to): robust firewalls, anti-DoS tools, and multiple user alerts. If abnormal activity is detected, Bcnex blocks the account for a certain period of time and alerts the owner of the account. The use of Google/SMS 2FA Authentication is required when the user perform any action relating to security and withdrawals on the platform as an additional measure of security. In addition to the process of KYC (Know Your Customer) before attempting to perform any transaction -related behaviors. We will make efforts to ensure the security of all users crypto assets, aiming to achieve banking industry level auditing and security compliance.
Liquidity Solutions
The team behind Bcnex has ample experience in everything from design to client support all the way to customized liquidity management and low latency trading architecture in the forex trading industry. We have worked with, as well as operated, several trading platforms for business partners worldwide and have accumulated a large network will be the key to the launch of the exchange and will lead to solid investment opportunities for users built on a well-established foundation of existing business interest and exchange model, seamlessly integrating traditional financial services with proven blockchain platforms and the emerging digital economy.
Customer Services Solutions
Along the development of the infrastructure of the exchange, Bcnex considers services quality as its core value and competitive advantage in the emerging digital economy. At Bcnex one of our top priorities is pleasant user experience. Realizing that the largest user experience improvement to be made on a current cryptocurrency exchange is customer support, Bcnex's qualified team members are always willing and ready to solve any raising issues. As the number of users grows in our community, so will the customer support team, seamlessly.
Bcnex is not only built on sound technology, but it is also supported by a team with ample experience in traditional financial services. Our goal is to create an intuitive and stable environment for traders, offering a flawless user experience.
Initial Coin Offering
Fundraising and the use of Bcnex tokens will help finance platform development and marketing, so we can focus on simplifying cryptocurrency trading and making it mainstream. Our goal is to create a blockchain-based exchange that is accessible and affordable for all users for leveraging the benefits of crypto trading.
We will be releasing our own token called the Bcnex Token, symbolized as BCNX. Total supply of Bcnex coins will be capped at 200,000,000 and new coins won't be released in the future. Bcnex is an ERC223 standard token release on the Ethereum blockchain.
- Token name: BCNEX Token
- Symbol: BCNX
- Token Type: ERC223
- Total Supply: 200,000,000
- Public Sale: 100,000,000
- Token Price: from $0.15 to $0.45
- Additional Tokens: NO
- Accepted Currencies: ETH, BTC, USDT, BCN
- Soft Cap: $2,000,000
- Hard Cap: $30,000,000 (or all tokens sold out)
- Token Distribution: 15 days after the end of the ICO
BCNX coins will be used to pay any fees on our platform, including settling the following basic charges;
- Transaction fees
- Listing Fees
- Withdrawals fees
- Fees applied to BCNX
Token Allocation
BCNX tokens will be as follows:
- 50% (100,000,000) of tokens will be for public sale
- 38% (76,000,000) will be allocated to Bcnex team members and advisors
- 5% (10,000,000) will be sold to angel investors
- 2% (4,000,000) will be used for bounty program and incentives
- 5% (10,000,000) will be reserved for future use
Token Distribution
Tokens allocated to the development team will be vested for 4 years, at 25% per year.
Initial release: 25% (19,000,000)
After 1 year: 25% (19,000,000)
After 2 year: 25% (19,000,000)
Agter 3 year: 25% (19,000,000)
In the case of not being to sell all the tokens, the remaining tokens will be destroyed.
MORE INFORMATION
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Created by: 15persenlucky
Profile link: https://bitcointalk.org/index.php?action=profile;u=1210666
ETH address: 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
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