Cryptocurrency has turned the global financial world around. Transactions can now be processed easier and quicker with minimum fees and secure systems. Because of these outstanding qualities of cryptocurrencies, it has attracted so many people to the industry including centralized agencies, though some people still doubt what cryptocurrencies can do. Experts have predicted that the cryptocurrency industry will greatly rise, and just in the first quarter of the year, 2020, spot and futures market in cryptocurrency had sold about $8.8 trillion. Just in a quarter of a year! The cryptocurrency world is really expanding and shows a high potential. Talking about cryptocurrency, the assisting technology is what we call Blockchain technology. Bitnex Futures is also supported by Blockchain technology. Blockchain technology assists platforms to produce a decentralized environment just like it is helping to create a decentralized and secure platform(Bitnex Futures). Bitnex Futures increases the rate at which users earn through their many benefits and features available on the platform. This platform is a solution to the problems the cryptocurrency world is currently faced with.
BNTX Token
The Bintex Futures has a native token called the BNTX. It is an ERC-20 based token that provides liquidity. All traders on the platform must keep this token in order to participate in the activities of the platform. It is a component of the Bitnex Futures revenue model. If you hold your BNTX tokens for a longer period, you get to enjoy higher benefits and you can also decide to withdraw your profits at any time. Bitnex Futures also make use of transaction fees to ensure optimal trading activities on their platorm. Every year, the platform would take some BNTXs and sell them in genuine token sales in order to add more profits to the platform.
Uses of BNTX
- Fiat exchange: On the Bitnex Futures, users can exchange the platform's token for fiat easily. The process of exchanging the tokens and fiat is fast, so users can effortlessly go about their normal activities of fiat exchange without having to worry about waste of time.
- Track transactions: The Bitnex Futures allow users to track their transactions to know its rate and follow it up. For example, when someone imports a product from another country, the product can be tracked by the buyer to know when it would arrive and ensure that the project is delivered successfully to him/her. It's the same for the tracking of transactions on Bitnex Futures by users.
- Accommodation: Hotels can be booked using the BNTX token. When users get stranded without cash or fiat in his/her bank account, he/she can opt for the BNTX token through their BintexPAY Card. They can also use the BNTX token to book their flights.
- Payment of rent: Users can pay their house rent with the BNTX token using their card. Whenever their rent is exhausted, what they simply do is to renew it by paying with their BintexPAY Card.
- Go shopping: BintexPAY Card allows users to shop using their card. They can purchase items of their choice, and after shopping, they apply pay with their BintexPAY Card.
BNTX IEO
The Bitnex Futures IEO will start their sales on June 26, 2020, which is organized into three stages. These stages will be followed by an unbiased policy to avoid unfairness. Only when the 300,000,000 BNTX tokens set aside for the IEO is exhausted, the three stages of IEO goes on. Once the hard cap is finished, the token sale automatically closes. The value of BNTX adds in price everytime one stage is completed. Users can obtain BNTX by buying BTC, ETH etc. BNTX holdings will be disbursed to participants once in every month based on their activeness on the IEO.
Advantages of BNTX
- Bitnex Futures has made it possible to simplify the process of exchanging tokens to fiat. Most decentralized platforms do not support exchange of tokens to fiat, and Bitnex Futures has proved to be unique in their operation by having this feature on their platform and has even made the process easier for users.
- Productive transactions: The transactions made on the Bitnex Futures platform is carried out with speed. Not only are their transactions fast, but also productive.
- Security: The security system featured on the platform is tight. This was made possible by a group of professionals, so the rate of the breaching the security is very low. Users are self-assured that their data and investments are secure on the Bitnex Futures platform.
- BNTX can interact widely as a token. The tokens of some DeFi platforms have not experienced this feature yet even after years of introduction. The Bitnex Futures can do a range of activities as a token even as a recent platform, ranging from paying rent, booking flights etc.
USEFUL LINKS
Website: https://bintexfutures.com/
Youtube : https://www.youtube.com/channel/UCTZsygYwafZdx0CsVKcyuWw
Telegram: https://t.me/bintexfutures_chat
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LinkedIn: https://www.linkedin.com/company/bintexfutures/
Reddit: https://www.reddit.com/user/BintexFutures
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Publishers Details :
Bitcointalk Username : Bukalala
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835402
POA : https://bitcointalk.org/index.php?topic=5280276.msg55603995#msg55603995