The cryptocurrencies have many advantages over the traditional exchange than the fiat currency. The crypto market might look fancier & complicated but works efficiently & better than the fiat market. The forecast of such market is a difficult job due to market fluctuation; this is how the idea of the BITRUST popped up.
BITRUST is an affordable, decentralized as well simple to practice peer to peer (P2P) cryptocurrency based assurance marketplace platform. The platform is on Ethereum based and used a blockchain smart contract technology. The main aim of the BITRUST is to provide the blockchain the simple & easy to use risk-management solutions.
In 2017, it was found that around 179 new alt coins were launched in the market, but due to different reasons they lost their value & decreased their value. The BITRUST can help those investors who are interested in new coins to hedge from such pitfalls.
The huge increment in the number of wallets suggests that more and more investors are attracting towards the crypto world. The BITRUST platform wants more user to use their platform & connect to the crypto world.
Why you need to know BITRUST?
The following are the reasons why the market needs a platform like BITRUST:-
1.Due to sudden fall & increment in the crypto world, the market needs a secure & easy to use insurance platform for the crypto investors.
2.The need for a really affordable solution for all those crypto enthusiasts.
3.To solve all the issues faced by the alt coin.
The blockchain market is expanding & the possibility of the blockchain taking over the fiat market in future is likable. The blockchain has ample of advantages when it comes to security & safety for the work.
People are curious to know about the crypto world. The core problem which is faced by the potential investor while investing in the high risk of loss of value of that particular alt coin. The market is growing tremendously, with around 1380 cryptocurrencies circulating in the market. According to the reports of the BUSINESS INSIDER, Initial Coin Offering (ICO) has raised over $3.5 Billion. These are some good which we see in the market. The reason why a potential investor is hesitating is due to lack of transparency, the limited regulatory oversight, poor efforts of investors, and no basic form of investor protection which can sigh relief to investors. The biggest problems lie with the cost of alt coin. The value & cost of the alt coin are not a standard or fixed it keeps fluctuating. The value is decided by the number of participants or user & the investor & the market, who engage in the process of selling & buying the alt coins.
How does it work?
As the Bitrust is a peer to peer decentralized cryptocurrency platform for insurance, the Bitrust smart contacts can involve the 2 or more than two counteragents for the work.
BITRUST uses the Ethereum based smart contract which guarantees the transaction pre-agreed by both parties.
The transaction system on the BITRUST platform needs a buyer & a seller, to lock all their funds in the BITRUST TOKEN FUND (BTF). When the contract expires ( as agreed by both parties) the BITRUST take in the decentralized form & automated form.
Token:-
The token (BFT) used by the platform is Ethereum blockchain & as the platform wants to promote the use of their BFT, they charge around 0.1% against the total cost which has been finalized for the blockchain.
For More Information Visit :
Website :https://bitrust.co.uk/
Telegram :https://t.me/bitrustico
Twitter :https://twitter.com/BTF_PROJECT
FaceBook:https://www.facebook.com/bitrustproject/
Author username:gayan
Author:https://bitcointalk.org/index.php?action=profile;u=1189054