The financial system over the years has hit an all time low when it comes to performance and output, traditional financial solutions like banks and various institutions do not guarantee the complete financial freedom which every stakeholder in the industry desires.
However, an alternative system was introduced, this system involved the use of digital tokens for transactions. Digital tokens or cryptocurrency can be described as a virtual form of money backed by strong encryption codes which makes it impossible to be either counterfeited or double spent. The utilization of crypto has proffered a more decentralized, transparent, secure, cost effective and efficient payment method and this fact has motivated individuals and enterprises to move their assets into digital structures.
Despite crypto offering more utility in the financial industry it still is at an infant stage, moreover, trading of of these tokens still seem a bit difficult as various platforms (exchanges) are not properly equipped to meet the needs of traders and merchants.
Some of these issues includes…
Slowness of transactions on the available exchanges which makes the trade and exchange of cryptocurrencies to be tedious as the users have to wait for a very long time for their transactions to be processed.
Low liquidity is another challenge as the absence of trading liquidity makes it very difficult to trade cryptocurrencies.
Poor user experience is encountered by the users, due to the poor design of the exchanges, often leading to mistakes and even loss of funds.
Technical problems is part of the hassles involved with trading on the existing exchanges, as these glitch might cause unforseen limitations to the users
Limited trading crypto types also makes it impossible for the traders to diversify their portfolio.
Front running, and many more.
To curb this digital menace in the crypto industry, BINTEXFUTURES was introduced.
BINTEXFUTURES?
WHAT IT IS ALL ABOUT
BINTEXFUTURES is an innovative cryptocurrency exchange that is proposed to trade in Bintex token as well as other cryptos within the industry.
This exchange in a manner if description has the best characteristics of both centralized and decentralized exchanges, this reflects on its integration of the USPs of a centralized exchange like speed and convenience while adopting the security advantages of decentralized. Amazing!
VISION OF BINTEXFUTURES
The rationale behind this establishment is to create a decentralized approach equipped to be unified, productive as well as have the capacity to harness handy Dapps to give users the ultimate crypto experience. It desires to develop a cryptocurrency exchange that will empower users assume control of their funds and trade in the most rewarding and beneficial way.
THE INNOVATIVE MATCHING ENGINE
The BINTEXFUTURES platform boasts of an inventive tool called the matching engine developed to aid the operations of the exchange. This matching engine can handle as much as 1.5 million orders in a second, this will guarantee swift and frictionless transaction execution making the exchange one of the fastest in the industry. Users who are always fearful of having their transactions stuck or unattended can rest their worries as their is no overwhelming of the matching engine in any way.
Some of the features proposed by this unique tool includes…
Spot trading, Decentralized (on-chain) exchange, Peer to peer transaction approach, Futures trading, Digital token and Margin trading.
To even make the trading of digital assets better and seamless on the exchange, Bintex Futures Exchange has released some products for the use and benefits of the traders on the system. Some of these assess are…
The BintexPAY Wallet, a digital assets wallet for the secure storage and management of the user's assets on the exchange, making financial activities possible, as it also holds the records of every transactional activity carried out.
The BintexPAY card is another of the products made available by Bintex Futures Exchange, to allow its users unrestricted access to the BNTX tokens, as they will be able to transfer, make payments and carry out other digital transactions anywhere, anytime, simply through the use of their BintexPAY chip card.
All these are designed to make the trade and use of cryptocurrencies seamless, driving its global adoption.
BNTX TOKEN
This is the native currency of the BINTEXFUTURES platform, it is an Erc20 digital token designed on the Etherum blockchain, users who possess this token will be eligible to participate in the commission based non-custodial markets, this token will also facilitate operations in the ecosystem as an insignificant amount of the bntx token is charged as fee for every trade carried out on the substrate.
CONCLUSION
BINTEXFUTURES is the next generation trading platform for users who desire to attain financial freedom and have the best of experience within the cryptocurrency industry.
It is developed around the blockchain technology to offer decentralization, efficienncy, security and transparency of transactions, more so, the inventive matching engine will ensure that no transaction is held up or stuck at any point this way, users confident can be boosted within the industry.
USEFUL LINKS
WEBSITE - https://bintexfutures.com
✍️FACEBOOK - https://www.facebook.com/bintexfutures2019/
✍️LINKEDIN - https://www.linkedin.com/company/bintexfutures/
✍️TWITTER - https://twitter.com/Bintexfutures
✍️TELEGRAM - https://t.me/bintexfutures_chat
✍️REDDIT - https://www.reddit.com/user/BintexFutures
✍️YOUTUBE - https://www.youtube.com/channel/UCTZsygYwafZdx0CsVKcyuWw
✍️INSTAGRAM - https://www.instagram.com/bintexfutures/
✍️WHITEPAPER - https://bintexfutures.com/Bintexfutures%20white%20paper%20V%201.0.pdf
AUTHORS DETAILS:
Bitcointalk Username: Stonechris
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2661433;sa=summary
Poa: https://bitcointalk.org/index.php?topic=5280276.msg55793624#msg55793624