Today BTCNEXT has a lot of new things to announce! Not only they roll out the update for their trading interfaces, but also they are launching their own exchange token called BNX. These two updates are a great addition to BTCNEXT’s ecosystem, which allows improving the experience of interaction with their services for every user. Read further to learn more!
About BTCNEXT and its new features.
BTCNEXT is a Korean and Japanese-friendly crypto exchange. Developed by Q DAO Platinum Engineering, it offers a big variety of tokens, including many largest cap currencies, the most popular ERC20 tokens, and many stablecoins. It’s designed to make the trading experience as easy and effective as possible.
With the new interface, users have the opportunity to do everything on one screen: open and close trades, watch for open orders, switch between markets, and see the order book. It’s a lot easier than before, and BTCNEXT team is sure that their users will love the improved interface.
Also now it has two themes: dark one, for those who prefer trading during the night, and the light one. BTCNEXT’s team always listens to its users and gives them what they need or maybe want. That’s why they added another feature: their own native coin.
BNX coin: a value of the ecosystem
If you’ve been in crypto for more than 1 year, you must be familiar with the concept of exchange utility tokens. They serve many purposes, being a useful tool for popularizing exchanges, as the success of these tokens is directly tied to the performance of their issuers. BNX coin isn’t an exception, it has many forms of utility. The current use cases include so far:
- Paying trading fees on the exchange, getting up to 50% fee discount.
- Buying a wide range of blockchain courses at BTCNEXT Academy.
- Buying tickets to various exclusive conferences and blockchain events.
- One of the most interesting features is using BNX to participate in unique IEO campaigns, being conducted on BTCNEXT. In this case, the only way to participate will be paying with BNX tokens.
- BNX holders will participate automatically in airdrop campaigns, conducted by BTCNEXT.
- Obtaining the BTCNEXT angel trader status also requires holding BNX tokens.
BNX is an ERC20 token, currently, it will stay on Ethereum chain, but in the future, it will migrate to its own blockchain. Its max supply is limited to 500,000,000 tokens, 350,000,000 of them will be used as a gas for BTCNEXT ecosystem and a small amount will be sold to public (max 15,000,000 during different stages of a public sale), the remaining 150,000,000 will be frozen for 18 months, becoming a reward for the team. The initial price for the token will be equal to $0.1. Every quarter some part of BTCNEXT’s profits will be reserved to buy and destroy BNX tokens. In the end, only 250,000 tokens will be left in circulation.
“How to make a great product? Do it for your own use, and if you genuinely like it, others will follow” – BTCNEXT
BTCNEXT exchange, the next generation spot, and margin-trading platform, has been developed by Platinum Q DAO Engineering, which has also brought USDQ and KRWQ to the market, looking to edge together innovative solutions in collateralization. They plan to achieve it by using stabilizing mechanisms and neural networks for high-endurance stable coins.
The one aspect of USDQ and KRWQ which makes them unique is that these stablecoins are decentralized. Every Q DAO stablecoin has Bitcoin as a collateralized cryptocurrency debt backing up the value, instead of a centralized authority holding dollar bills, as in the case of Tether (USDT).
In order to protect investors’ funds, BTCNEXT developers have implemented more than 300 security measures. In the near future, users will be able to trade over a hundred types of tokens including Bitcoin, Ethereum, and Litecoin. To learn more about BTCNEXT, visit the exchange’s official website and follow it on Twitter, Instagram, Telegram, Facebook, Medium, and LinkedIn.