Introduction
In 2019 we know that the world of Cryptocurrency is growing very rapidly, but do you know that few people know that the origin of the digital currency was founded by Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and most important digital currency, never intended to create a currency. In his announcement about Bitcoin in late 2008, Satoshi said he developed the "Peer-to-Peer Electronic Money System." The aim is to create something; many people failed to make before digital cash.
In a decentralized network, we don't have this server. So we need every network entity to do this work. Every partner in the network needs to have a list with all transactions to check whether future transactions are valid or attempts to double expenses. But how can this entity make a consensus about this record? If network colleagues don't agree about only one single balance, everything is broken. They need absolute consensus.
Satoshi proved it. The main innovation is achieving consensus without central authority. Cryptocurrency is part of this solution - the part that makes the solution thrilling, charming and helps it to roll in the world.
As of October 2018, the market value of the global cryptocurrency base at CMC (www.coinmarketcap.com) has reached 200 billion USD and the daily exchange volume throughout the world has reached 20 billion USD. Bitcoin (BTC) as a pioneer in the world of cryptocurrency is dominant in around 50% and the remaining 50% is occupied by a new cryptocurrency (around 2,000 cryptocurrency) with new technology, new concepts, functions and new features that have grown rapidly in recent years. At present, there are only 15 cryptocurrency which have a market capitalization of more than 1 billion USD and their daily exchange volumes have reached around 100 million USD to 5 billion USD.
What I know about Botxcoin
BotXcoin is our cryptocurrency solution for human limits. Using advanced technology and partnership programs, botXcoin tokens make it possible to provide passive income for token holders.
The BotXcoin team treats each botXcoin token holder more than our investors, but also as our partners. In our partnership program, botXcoin token holders can take advantage of our Trade Robot application called "BOTX App" which can run on large cryptocurrency exchanges worldwide.
** BOTX APPLICATION ALGORITHM **
There are 4 algorithm methods that will be used in the development of Robots:
- Three pair combinations in one exchange.
The robot counts and finds a gap of 3 pairs in one exchange. For example in Binance exchanges:
BNB / BTC ETH / BTC BNB / ETH
Below is data from the real market on November 1, 2018: BNB / BTC = 0.0015
ETH / BTC = 0.0330 BNB / ETH = 0.0440
Buy BTC with 100 BNB, will get (0.0015 x 100) = 0.15 BTC. Buy ETH with 0.15 BTC, will get (0.15 / 0.0330) = 4,545 ETH. Buy BNB with 4,545 ETH, will get (4,545 / 0,0440) = 103,18 BNB This transaction makes a profit of 3,18%.
Reduction in transaction costs is 0.2% (transaction costs for BNB are 0.05% X2 and ETH / BTC is 0.1%)
So, the net profit that can be taken from this transaction is 2.98%.
If we see the details, there is always a price difference between the three pairs at once. The robot will compare it and if the robot finds a favorable gap (including transaction costs), the robot will make a transaction and the token holder will benefit. If the gap is too small or not profitable, the Robot will not make transactions. With this method, there is no chance to lose. It is always profitable. The robot will run every 12 seconds 24 hours a day.
- Pairing between two or more exchanges.
In this method, the Robot will make a comparison between the same pairs in 2 or more exchanges. The requirement to run this method is token holders must have balances in each pair at each exchange. By having a balance in each pair and exchange, the robot can directly make transactions (if the comparison calculation shows profit) without waiting for the delay of arbitration.
This method always produces profits regardless of market conditions, bullish markets or bearish markets.
- Pair between two or more exchanges with arbitrage.
This method is almost the same as method 2 above, but there is an additional process; if the zero asset balance of the Robot will carry out the arbitration process.
This method will not apply to a token holder, but will be used on our BOTX SERVER to benefit from supporting the Loyalty program. (please see the Loyalty program in the Use Token chapter).
- BOTXPRO offers by comparing the top 20 exchanges.
This is a method of the future that is planned to run on our own BOTXPRO (Bot exchange Pro).
With this method, the Robot will get pricing data from the top 20 exchanges and make a bid price (with profits and costs) in exchange for BOTXPRO. The result is a guarantee of robots traders at BOTXPRO can get competitive prices on BOTXPRO compared to other exchanges. This is how our Robot provides a win-win solution for traders and BOTXPRO.
THE FUNCTIONS OF BOTXCOIN
Right off the bat, the application permits the smooth trade exercises and uses it's exchanging robot apparatuses for the procedure. Clients will have the capacity to swap and exchange a wide range of coins from it and there would be a road to exchange expansive volumes. In the framework, about 80% of the incomes created from the exchanges are shared among the clients while the rest of the part is overseen by the undertaking itself.
In the biological community, the local cash is the BotXcoin and it will assume a noteworthy job in the trading of different monetary forms. It improves the exchanging capacities and works nearby the BOTXPRO with both replaceable to any type of advanced monetary forms.
Discussing the MVP, it capacities to make the BOTX application work all the more effectively and lessens the downturns that clients can utilize the application as long as they wish and still have a similar decent outcomes in any case. The application fills its incredible need and lessens all types of anomalies amid the activities.
BOTX MVP (MINIMUM WORTH PRODUCTS)
BOTX APP uses real calculations on every transaction on the market at that time, and every transaction made by BOTX APP is a transaction that "SURE" makes a profit for you. You can see the detailed advantages of each transaction made.
How to use MVP:
- Choose a buy market
- Choose a selling market
- Select the type of asset (profit will increase for this type of asset)
- Press the Process button
You can choose the "ALL" option if you want to see all transactions in all buy & sell markets and all types of assets (BTC and ETH). After that, a display will appear in the form of a table containing how many transactions were carried out in each pair for the unit of time (last 3 hours, last 6 hours, last 12 hours, last 24 hours, last 7 days, all time).
Press the number that appears in each unit of time, then you will see the details of the transaction and the profits generated.
For now, MVP only raises transactions of 2 types of assets (BTC and ETH), meaning that all profits generated in this transaction will increase the number of BTC or ETH coins.
Good luck and try this MVP.
It is evident that the BOTX APP is a trade in cryptocurrency robots that always provide benefits, not promising or scam projects.
INITIAL TOKEN SALES
ITS is an event where the new cryptocurrency project sells all or part of its cryptographic tokens to early users and fans in return for funding. Some people know ICO (Initial Coin Offering) which means exactly the same as ITS. This ITS has recently become a well-documented way to raise funds to improve existing products or services. This is a quick way to cut traditional funding routes to get access to funds to accelerate development, which is much slower.
ITS botXcoin is divided into 3 stages:
- Pre-ICO (Pre-Initial Coin Offer) = 10% of total supply.
Pre-ICO starts on 01 December 2018 at 15:00 Singapore Time (UTC + 8). The details are as follows:
With 1 ETH, you get 60,000 botXs
There are only 500,000,000 botXcoin available for sale
Minimum purchase for botXcoin is 5 (five) ETH
There is no maximum purchase for botXcoin as long as the botXcoin token is still available for sale
Pre-ICO starts from 01 December 2018 at 3:00 p.m. Singapore Time (UTC +8)
Pre-ICO ends on December 7, 2018 at 15:00 Singapore Time (UTC +8)
Tokens will be distributed on or around February 2019
Pre-ICO can be closed early if the token is sold out.
TokX botXcoin can be purchased with ETH on the following website: www.botXcoin.com
Special conditions for those who want to buy botXcoin tokens with BTC: applicable exchange rates (such as when BTC to ETH conversion) originating from www.coinmarketcap.com will be applied to the conversion of BTC to ETH for the purpose of determining the rights of the botXcoin token.
- ICO (Initial Coin Offer) - Phase 1 = 10% of total supply.
ICO - phase 1 starts on 10 December 2018 at 3:00 p.m. Singapore Time (UTC +8). The details are as follows:
With 1 ETH, you get 40,000 botXs
There are only 500,000,000 botXcoin available for sale
Minimum purchase for botX is 1 (one) ETH
There is no maximum purchase for botXcoin as long as the botXcoin token is still available for sale
ICO - phase 1 starts from December 10 2018 at 3:00 p.m. Singapore Time (UTC +8)
ICO - phase 1 ends on December 24, 2018 at 3:00 p.m. Singapore Time (UTC +8)
Tokens will be distributed on or around February 2019
BotXcoin tokens can be purchased with ETH on the following website: www.botXcoin.com
Special conditions for those who want to buy botXcoin tokens with BTC: applicable exchange rates (such as when BTC to ETH conversion) originating from www.coinmarketcap.com will be applied to the conversion of BTC to ETH for the purpose of determining the rights of the botXcoin token.
- ICO (Initial Coin Offer) - Phase 2 = 20% of total supply.
ICO - phase 2 starts on 7 January 2019 at 3:00 p.m. Singapore Time (UTC +8). The details are as follows:
With 1 ETH, you get 30,000 botXs
There are only 1,000,000,000 botXcoin available for sale
There is no minimum purchase
There is no maximum purchase for botXcoin as long as the botXcoin Token is still available for sale
ICO - phase 2 starts from 7 January 2019 at 3:00 p.m. Singapore Time (UTC +8)
ICO - phase 2 ends on January 28, 2019 at 3:00 p.m. Singapore Time (UTC +8)
Tokens will be distributed on or around February 2019
TokX botXcoin can be purchased with ETH on the following website: www.botXcoin.com
Special conditions for those who want to buy botXcoin tokens with BTC: applicable exchange rates (such as when BTC to ETH conversion) originating from www.coinmarketcap.com will be applied to the conversion of BTC to ETH for the purpose of determining the rights of the botXcoin token.
Distribution
Roadmap
1st QUARTER 2018
• January 2018 – Platform Idea
The origin of botXcoin platform idea. Development of the concept and business plan.
2nd QUARTER 2018
• April 2018 – Elaboration of Platform
Elaboration of botXcoin platform legal model in various jurisdictions.
3rd QUARTER 2018
• July 2018 – Attraction of Advisors
Attraction of advisors. Development of the botXcoin platform mock-up.
Technical audit.
4th QUARTER 2018
• September 2018 – Preparation for ICO
Preparation for ICO. Development of a smart contract for botXcoin token release. Continue the development of the platform. Ecosystem formation continuation.
• November 2018 – Official launching
Declaration of the botXcoin ICO plan, Releasing official website www.botXcoin.com and Publishing White Paper to public investors
• December 2018 – ICO Conducting
Start of the marketing campaign. Pre-ICO and ICO conducting for 2 months.
1st QUARTER 2019
• February 2019 – botXcoin Distribution
Distribute the botXcoin to the wallet address of purchasers.
• March 2019 – Loyalty Program
Start the loyalty program for token holders.
2nd QUARTER 2019
• May 2019 – Trading Robot (BOTX App) Beta Version Release
Launching the beta version of trading robot (BOTX App). Selected investor will be invited to try this beta version.
3rd QUARTER 2019
• July 2019 – Trading Robot (BOTX App) Full Version Release + Android/iOS App
Token holders can start to utilize the trading robot (BOTX App) in their own trading account in selected major exchanges.
4th QUARTER 2019
• November 2019 – BOTXPRO Closed Market
Launching the alpha version of BOTXPRO and start the trial for closed market.
• December 2019 – BOTXPRO Beta Market
Launching the beta version of BOTXPRO and start the trial for beta market. Selected investors will be invited to try this beta version.
2nd QUARTER 2020 or earlier
• June 2020 or earlier – BOTXPRO Full Market
Launching the final version of BOTXPRO exchange and start the full trading function. Selected major cryptocurrencies will be traded and paired with botXcoin as the main currency in this exchange.
To get more detailed information about this project please visit the following official links:
OFFICIAL WEBSITE: https://botxcoin.com/
WHITEPAPER: https://botxcoin.com/wp-content/uploads/2018/11/Whitepaper-botXcoin-4.pdf
TELEGRAM: https://t.me/botxcoin
FACEBOOK: https://web.facebook.com/botxofficial/
YOUTUBE: https://www.youtube.com/channel/UCKRlWsyhMQ9Fxlcp2ju3mzg
TWITTER: https://twitter.com/botxofficial
Author AUDREY
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=913491
Eth: 0x52242EF3Dcc07135c5176aC7bD9412Cf783253C9