A debit card issued by a bank can be used for payments and any kind of transactions that one can imagine. Right from payments transfer, to flight booking, movie tickets, or even health care. These cards serve multipurpose applications. Had it been limited to only banking services like payment to a third party and drawing cash from ATM's, its use would have been underutilized. Cryptocurrency has been a disruptive form of money since its inception in 2008 by Satoshi Nakamoto. But, its use is limited and it remains under unitized and highly volatile. Therefore, Fixy has come up with a solution to the given scenario by developing an app where cryptocurrency can be used for payments in day -to-day life. It is the beginning of a change and many more to come ahead.
Introduction
Fixy App is an application based on blockchain that will facilitate the use of cryptocurrency in ordinary day to day life. It has been developed by cryptocurrency enthusiasts for the ease of those people who are beginners in the world of cryptocurrency. It is a blockchain solution which give users lots and lots of benefits such as monetizing their Cryptocurrencies and ability to get paid in both Fiat and Cryptocurrency when they are selling their goods and services. The user-friendly interface allows even a novice in Cryptocurrency to make things appear easy and simple.
Current Problems
The biggest obstacle in front of cryptocurrency is its low usability in daily life. In spite of the industrial disruption and technological advancements that block chain offers, Cryptocurrency has been unable to tap that potential. It is limited even more when it comes to purchasing goods and services. Moreover, a lot of difficulty is involved in getting into the world of cryptocurrency. That is why when new users enter into the real buying context, they realize it is difficult to acquire and some of them even lose interest. Registration at exchange platform is yet another daunting task customer have to face. It requires exhausting and time-consuming process which involves KYC validation which can take days or even weeks. The platforms of exchanges are centralized which harms cryptocurrency traders and investors. These centralized exchanges have not been able to withstand huge volumes of demands and ultimately crashed leading to losses for traders and investors. Also, it has yet not been adopted on mass scale. The question of transforming cryptocurrency into cash in minutes is still unsolved.
Solution
Fixy network has made it possible to allow people to use cryptocurrency in their daily life, thus reducing its volatility. It consists of a decentralized marketplace and a decentralized exchange allowing transactions to take place swiftly. The Gift card from Fixy will allow people to directly enter into the cryptocurrency world without going through any time-consuming verification process. The OTC trading feature of Fixy will allow users to exchange their Cryptocurrencies in both cryptocurrency and Fiat money without any extra charges. OTC trading investors have their own wallet which prevents them from getting hacked as compared to an exchange. It has also created a hybrid market solution where sellers can put up a product that can be sold or rented. It utilizes smart contracts for making deals and Fixy tokens will be used for the payment purpose.
Token Details
It is called as FXY token. It operates on Ethereum ERC-20 platform backed by blockchain technology. There will be a total of 100,00,000 FXY token supply. There will be a total of 400 ETH for private sale. Soft cap value is 2000 ETH. Hard cap value is 11,400 ETH. The exchange rate is 1 ETH = 5000 FXY. The pre ICO sale will begin from May 1, 2018 and end on May 9, 2018. Minimum contribution is 0.1 ETH. All the unsold tokens will be burnt by smart contract.
Conclusion
By combining crypto market with OTC, Fixy has taken a step ahead to remove the existing problems associated with the current exchanges. Its application in day to day life makes it even more useful and popular. Users will find it easy and simple to take full benefit for multipurpose activities. It is one of a kind platform which is going to disrupt the entire crypto market. Investors have the golden opportunity to invest in this unique platform and earn huge returns and making profits. So, go and get yourself engaged with Fixy.
For more details visit https://fixyapp.io/
Read the whitepaper here: https://fixyapp.io/Whitepaper.pdf
Telegram: https://t.me/fixynetwork
Twitter: https://twitter.com/fixy_app
Blog by ollivander7
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