Bronix is the simplest and fastest hybrid cryptocurrency trading exchange and payment solution.
OVERVIEW OF CRYPTOCURRENCY DEVELOPMENT
The world has witnessed a tremendous growth in the cryptocurrency word starting from 2009 when only bitcoin existed. But currently, there are over 1000 cryptocurrencies and tokens in existence, which are traded in various crypto-exchanges. The volatility of bitcoin, followed by unstable growth which was partly due to low investor confidence, saw the emergence of Ethereum and smart contracts.
The emergence of Ethereum brought a new wave of confidence into cryptocurrency since it allows the removal of the human element from transactions by automatically executing contracts thereby increasing delivery capabilities and efficiency. This brought about a renewed interest in cryptocurrencies with many industries and companies rolling out their ICO (Initial Coin Offering) leading to a boom.
The commonest feature of an ICO is when a company brings out a token which drives the usage on the tokenized platform. The token is listed on crypto-exchanges and allows for free-market trading between buyers and sellers. But as helpful as these exchanges are, there is a low level of severity, sophistication, and ease of use as compared to the traditional trading platforms such as the stock exchange.
CRYPTOCURRENCY EXCHANGE (TRADING PLATFORM)
A trading platform is a portal that allows for the listing, buying and selling of crypto coins and tokens. Cryptocurrency trading is done 24/7 due to its decentralized nature. Here, we have the decentralized exchanges which require the least KYC/AML documentation. They charge a trading fee but lack the sophisticated trading products such as future and options.
The centralized exchanges require complete KYC/AML documentation from the traders. Here there is an unclear term of an arrangement with the regulatory bodies. Also, the operations of a centralized exchange can be shut down by jurisdiction by simply seizing their server.
The cryptocurrency trading platforms are faced with a lot of challenges, such as lack of liquidity, lack of trading tools, arbitrary platform usage fees, etc. This is why some of these platforms came up with underhanded techniques to ere out more money from unsuspected traders/novice traders.it is in the heat of all these that Bronix was born.
BRONIX: THE FUTURE OF CRYPTOCURRENCY TRADING PLATFORM
Bronx is a new safe hybrid cryptocurrency trading platform that allows users to buy and sell cryptocurrencies as financial products such as margins. Bronx is the world first ever derivatives trading with cryptocurrencies.
The Bronix trading platform allows for the trading of multiple products. The platform is divided into:
A) Decentralized exchange
Here, traders who reside in crypto-averse jurisdictions such as China, or traders who want to anonymously trade can do so without the fear of breaking the law as put out by the regulatory bodies. The trader chooses between the decentralized ecosystem and the centralized ecosystem. A trader after completing the trade can keep her/his fund in the following accounts/wallet.
i)Bronix trading account
ii)Bronix deposit account
B) Centralized exchange
In this exchange, the traders will have to first complete their KYC/AML verification by going through a simple process before they can be allowed to access the sophisticated financial products. After successful verification, the user can deposit their funds in the account of the centralized exchange. To commence trading and access the marginal and derivatives market, users will have to move the funds to the trading account.
THE UNIQUENESS OF BRONIX TRADING PLATFORM
The Bronix trading platform is the next generation of trading platforms offering trading opportunities to cryptocurrency traders and investors. Traders can engage the day to day normal trading or the trading derivatives. The Bronix trading platform aims to utilize the power of blockchain and aims to give users worldwide a stable and fruitful future.
The platform also provides the simplicity, security, and transparency which other platform lack. The Bronix App and web portal is a must have by investors and traders as it makes it easy to manage and access the platform.
BRONIX DERIVATIVES TRADING
Just as can be seen in a traditional market, the Bronix derivative trading platform, has the capital section which is divided into two categories;
a) Forwards futures market
This market allows people to trade on the future price of each cryptocurrency. Bronix gives room to individuals to purchase cryptocurrencies in the market determined price.
The platform is not limited by the rollover of one month, therefore a trader will the able to hold his or her position for as long as they desire or when there is a decrease in the value of their position by 20%. When the value of a trader falls by 20%, the position is automatically closed by the platform to help mitigate future losses. Bronix also allows traders access 0.8 – 2 times the value of their deposits to trade in the futures/forwards.
b) Option trading
Here, traders are allowed to pay a premium to gain the option of buying or selling a cryptocurrency at a formula derived strike price. On the Bronix platform, the user can enter into a position either by call or by an option to sell.
The Bronix platform has the following incomparable advantages which traders, investors or anyone who uses the platform will enjoy; instant transfers, no third party, fraud protection, confidentiality, active management and decentralized and P2P.
BRONIX TOKEN SALE DETAIL
22nd June - 26th August
Token symbol: BRNX
Total supply: 250 million BRNX
Price: 1BRNX = $0.35
Soft cap: $5,000,000
Hard cap: $30,000,000
Pre-ICO: 22nd June - 22nd July 2018.
ICO: 26th July - 26th August 2018
Token available ( 70% ) for Pre-ICO and ICO : 175 million BRNX
The remaining (30%) will be distributed thus;
In conclusion, Bronix team are experts who are dedicated to the delivery of this crypto hybrid platform. And currently, there is a 10% bonus on the token purchase.
For more information on this project, visit the following links:
Website: https://www.bronix.io
White Paper: https://s3.amazonaws.com/bronix/White+Paper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3399615
Twitter: https://twitter.com/Brnxcoin
Facebook: https://www.facebook.com/bronixcoin
Authored By: https://bitcointalk.org/index.php?action=profile;u=1023247