As wide spread acceptance of Blockchain technology and Crypto-Currencies are now taking over the world, it is wise for one to hop on, on the train of Blockchain technology and cryptocurrency, and ride along. However, this is not just something to hop on without having an in-depth knowledge of what it is and how it works. When something is in rage, the best option is to understand it before you join. What exactly is this Blockchain technology driven Cryptocurrency exchange platform called Buzzex all about? How does it work? What are the benefits of the platform? Is the platform feasible and reliable? With this article, all these questions and more will be answered keep reading.
What is Buzzex?
Buzzex is a cryptocurrency trading platform with unique features such as daily dividends & weekly airdrops, up to 100% discount on trading fees, super-fast transactions, get staking rewards, cheap fees, vote on your favorite coins etc.
Buzzex is built from scratch to become the world’s biggest digital asset exchange platform and its dealing adheres to Blockchain technology.
Buzzex Aim
Buzzex platform aimed at becoming the “number one” place for crypto investors to trade cryptocurrencies and manage their crypto portfolio.
Buzzex Coin Goal
Buzzex coin goal is to become the number one used coin in the world.
Core Features of Buzzex Platform
Enhanced Security System
The most important feature of Buzzex is to secure the digital assets of its users.
That is why member’s holdings are not stored on “hot wallets,” but are kept in safe cold storages. In order to keep members’ accounts safe, 2-FA verification is integrated to perform verification functions such as login, account details change, trading and withdrawals.
High Performing Trading Engine
The trading engine of Buzzex Platform is able to handle millions of trades per second. This allows trades to go through in milliseconds and prevents traders from losing out on trades due to laggy infrastructure.
Daily Dividends
As way of acknowledge the users of the platform, Buzzex will distribute the majority of our revenue (80%) in the form of daily dividends. Buzzex exchange houses Buzzex Coins (BZX), which have several uses. More about BZX will follow in the upcoming sections.
People that hold at least 20,000 BZX will earn daily dividends from the trading fees earned by Buzzex. Dividends are paid in all base currencies of the Buzzex exchange and through other dividend earning tokens. People holding more than 20,000 BZX will earn more dividends, based on the amount of coins they hold.
Up To 100% Discount On Trading Fees
Buzzex Coins do not only pay out dividends, but also allow traders to get from 5-100% discount in trading fees just by holding the coins in their exchange wallet. In order to get the discount, traders need to hold from 1,000 to 20,000 BZX in their wallet. With this setup, Buzzex aims to cut the cost of trading for traders tremendously, compared to the cost on other exchanges, where they lose up to 0.3% on every trade.
Buzzex Token Information and Distribution
Buzzex Coin (BZX) Technical Specification
Here are the Buzzex Coin specifications:
Initial Supply: <======>750,000,000
Block Size: <=====>2 MB
Block Time: <=====>60 Seconds
Transactions: <=====>154 Tx/Sec
Mining: Proof of Stake (POS)
Block Reward: <=====>50 BZX per Block
Rewards: <===> 60% Masternodes – 20% POS – 20% Governance Protocol
Masternode Collateral: <====>10,000 BZX
Buzzex Token Distribution
There will be an initial total amount of 750 million BZX created and this is how they will be distributed:
Buzzex Coins (BZX)
BZX are utility coins built on its own blockchain, which can be used for various things inside the Buzzex Platform and outside of it.
Usability of Buzzex coin on the Ecosystem
BZX can be used on the Buzzex Platform to:
Get up to 100% discount on trading fees
Trade them for all other coins on the Buzzex Exchange
Cast votes to get new coins listed
Earn daily dividends
Receive weekly airdrops of dividend earning ACTs
Buzzex Blue print
Q4 2018
Pre-Launch Buzzex Platform
The pre-launch campaign of the Buzzex Trading platform will allow all members to earn Buzzex coins through various bounty campaigns and referring others to the platform, as well as buying coins at a heavily discounted price.
Q4 2018
Launch Buzzex Coin Blockchain
Just before the Buzzex Exchange platform launches, the Buzzex Coin blockchain will go live and BZX holders will be able to stake coins or set up masternodes to earn daily rewards from the blockchain.
Q1 2019
Launch Buzzex Trading Platform
During the first quarter of 2019 the Buzzex Trading platform launches and will start rewarding Buzzex Coin holders (minimum 20K) with daily bonus crypto for holding BZX as well as rewarding them with weekly airdrops of more dividends earning coins.
Q1 2019
Launch Of Buzzex Trading Api
The Buzzex API will allow traders to automate their trades and create bots to increase their trading profits. The API will be very powerful and execute trades in a matter of milliseconds, avoiding any delays to execute orders.
Q3 2019
End Of Trans-Fee Mining Period
In the first months of the Buzzex Trading platform launch, traders will be able to earn Buzzex Coins for trading (500 million BZX maximum). For every $65 they trade, 1 BZX will be instantly credited to their account (value = $0.13).
Q3 2019
Open Up Buzzex Coins Markets
We expect the trans-fee mining period to last 3-6 months (6 months maximum) and the moment this happens the BZX trading pairs on the Buzzex Exchange will open up, allowing traders to buy BZX to get a higher discount on trading fees or earn more daily crypto.
2020
Open Up Buzzex pay Global Payment Solution
BuzzexPay will connect to the Buzzex Exchange and will allow online merchants to set up a payment gateway to instantly receive 100+ cryptocurrencies as form of payment with ultra-low fees (0.1%). Buzzex Traders will be able to buy products with the click of a button.
For more information about Buzzex Platform, visit the following links:
Website: https://buzzex.io/
White Paper: https://buzzex.io/Buzzex-Whitepaper.pdf
Twitter: https://twitter.com/Buzzexio
Facebook: https://www.facebook.com/Buzzexio/
Telegram: https://t.me/Buzzexio_Chat
Youtube: https://www.youtube.com/channel/UCPa95_g_kRCghQv0b2v4BtQ
Linkedin: https://www.linkedin.com/in/buzzexio
Bitcointalk URL:
https://bitcointalk.org/index.php?action=profile;u=2200061