INTRODUCTION
Since crypto~currencies are envisaged to be used as the normal fiduciary currencies, there is need to make it fufil certain requirement and standards such that it perfectly represents the perfect picture of both the transaction fulfilment and wealth accumulation. All users and investors in the digital zone are optimistic to have this ascending type of currencies grow and become highly accepted throughout the world but this can happen if some improvements are not made on the structure and the way it is handled. To break this down a bit, when we place the normal fiat money alongside this digital~assets to make necessary comparism, we would discover the vast differences between them that has made our normal fiat currency a standout legal tender. However, one of the attribute that needs to be infused into the style of digital_currencies is a tendency for it to grow with interest even on holding. This is very important to aid the further recognition and adoption of this currencies in out world today because everyone who intends to be a part of a program eventually joins for the sake of the benefit or profit he or she would derive from such. As to that, a protocol built on the blockbuster infrastructure has brought a way in which users can be rewarded with interests on all their crypto~holdings just like the way banks gives interest on customers saved money. The platform that makes this possible is the BZX protocol and it also presents a perfect trading terms for users as they trade and invest in digital~assets.
WHAT IS BZX?
This project aims at increasing the wealth of investors and crypto traders by making it possible for their owned assets to grow and birth interest for them. Unlike the existing platforms, users won't have to hold tokens just for holding sake without any holding benefit attached. BZX hopes to enrich investors with gains and more valuable assets to their wallets thus giving them a chance to flourish in the digital_market. More so, considering the faults in many exchanges today and the way they have made investors lose their investment morals in the community, bZx hopes to elevate them by providing a quality exchange infrastructure and opportunities to trade easily at the lowest transaction rates. Everyone in this exosystem will represent a potential winner and gainers as they begin to earn rebates from their holdings in addition to giving them a chance to optimize all the benefits the block~chain has in stock for its enthusiasts and investors. This project however hopes to utilize many designed function tools and infrastructures which it has designed in conjuction with the leverage it has in making use of the block~chain as a standard or backbone. It ensures the perfect security of its users assets and operates in perfect transparency in the ecosystem which it has created for its users.
TOKEN SYSTEM AND USES
Two tokens are associated with the functioning and operations of bZx, the BZX token and SUGR tokens. The tokens holds the core function of the system and represent the heart of bZx. They were designed to settle payment scores and the rewarding of useful parties to this effectively functional protocol in the market. BZX token on its own is used by users during borrowing operations and lending of assets and it functions to run the necessary control in every transactions and monetary operations in the ecosystem. The second token which is the SUGR token single represents a payment or reward for all bounty hunters in support of this protocol, which have propagated the good news about it everywhere to families and friends. SUGR perfectly rewards this category of users in the bZx platform.
Furthermore, this project encourages other exchanges to do the same interest giving services to users in order to acquire more users and ensure that investors are motivated to hold any tokens whatsoever.
The importance and the role which the bZx wallet system plays in the ecosystem to provide a safe storage for assets cannot be underestimated. The wallet system was unvieled last month (August) and it features as a dynamic multipurpose infrastructure which provides maximum storage for rewards, rebates and real assets of users. It was well structured to guarantee full edge security and infilterability of hackers into it as it restricts access to only the wallet owners. This provision would birth a drastic improvement in this ecosystem and boost users confidence in the use of it.
CONCLUSION
The entire provisions and features exhibited by bZx indicates that it really hopes to bring out the best in investors quests to invest safely and gainfully and it also give them the perfect condition to invest such that they remain unhurt and perfectly intrigued with it. All these however, indicates that this project will thrive beyond what users even expects so here is an opportunity for crypto~users to upgrade their games and stay on top always as they buy into the vision and mission of this project.
Useful project links for Bzx :
Website : https://b0x.network
Whitepaper : https://b0x.network/pdfs/bZx_white_paper.pdf
Telegram : https://t.me/b0xNet
Twitter : https://twitter.com/b0xNet
Platform : https://portal.bzx.network
Writer's Bountyox username : oly4life