The blockchain technology backed cryptocurrencies also known as virtual currencies are on the rise today. In the recent years the crypto market has gained momentum and on March 31st of 2018, the total market capitalization of the crypto market is around $268 billion. In order to make this happen, cryptocurrency exchanges plays a very important role here. Crypto Exchange is a place where people can make buy and sell operation of different virtual currencies securely.
Today there are many crypto exchanges present in the market. All the trading statistics will show market capitalization. A new format of trading known as P2P is becoming more popular today. P2P provides people to deal with people in a secured-decentralized environment with more flexibility. That is why in March 2018, there is a massive increase in trading volume, which amounts to $3,275 billion dollars. P2P provides easy and convenient way of making transactions with other parties.
Despite the huge success, the P2P crypto exchange have fundamental drawbacks. Most of the P2P crypto exchange platforms have very small number of supported cryptocurrencies and Bitcoin has larger dominance, which limits the use of P2P option. It is worth noting that still most of the P2P crypto platforms are Fiat currency oriented.
But now thanks to BQT platform, which wants to revolutionize the P2P exchange with innovative solutions.
Project objective
The main aim of the project is to create a P2P crypto exchange platform, which has wide list of crypto currencies for trading. BQT platform creates a crypto community, where users will get many advanced tools, they can chat with other traders/users and make transactions conveniently.
Principle of operation
The BQT exchange platform creates of community powered decentralized environment for P2P crypto trading. The platform provides easy and user-friendly interface which allow users to perform different operations such as:
• P2P transaction;
• hedge trading;
• interactive crypto trading experience;
• negotiate the trade with communicating;
• users can open BQT escrow accounts;
• users can access analytical reports;
• users can share there trading experience;
The revolutionary feature of BQT platform is hedge trading system. This feature allow traders to acquire crypto coins for short period of time by depositing their existing crypto assets in BQT escrow account. This feature allow traders to earn more profits.
The features of hedge trading system are:
• in order to make profits, traders (hedge receiver) need to deposit their existing crypto assets on the BQT escrow account with 20% premium and need to invite other crypto traders to use the escrowed funds as collateral for 30 days;
• the hedge supplier can respond to the receivers offer by agreeing the quoted terms or can negotiate for higher premium with shorter term;
• other hedge providers can also offer better deal than others for the transaction;
• the hedge supplier has to choose the best offer with favorable terms and make a deal. After this the crypto funds will be transferred for the agreed period;
• after the expiry of the agreement, the funds will be returned to the supplier with specified interest;
The BQT platform uses BQTX tokens for all its operations. With this tokens users can access platform features, services and pay for goods.
ICO details and timelines
• Token ticker: BQTX
• Total tokens: 200 million
• Token price: $0.28
• Public sale ends in : February 2019
Token distribution
Team
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Conclusion
There is no doubt that BQT project will play a significant role in the growth of crypto market through its innovative solutions. BQT platform provides P2P exchange and its unique hedge trade feature allow users to earn better profits. BQT community based tools allow traders to negotiate the transactions at best price. It is worth noting point that the project has raised 28.4 million USD and already released the MVP. The project is also developing mobile application for easy access.
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Learn more about BQT:
Website: https://bqt.io
Read Whitepaper: https://bqt.io/assets/pdf/whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=4855053
Telegram: https://t.me/BQTICO
Facebook: https://www.facebook.com/BQTPROJECT/
Twitter: https://twitter.com/bqt_ico
Medium: https://medium.com/@REALIOU
Reddit: https://www.reddit.com/r/bqt
GitHub: https://github.com/bqtio/bqt
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
