Hello everyone... Here I will inform you by writing a review to introduce a very unique new project called Pirba x, so for that, have a look at the article which I created below to give you a very good overview of the project, then What benefits do they provide to everyone? Let's go straight to the discussion below.
In our view, there are basically two different types of exchanges: those that focus only on a specific segment (e.g., Spot Exchanges, Futures Exchanges, NFT markets, Lending, etc.) and those that handle everything at once. ; people and people who purely deal with crypto. The latter is what we will focus on. While there have been several exchanges around doing so, the overview and profession of the exchange is lacking as a result. We strongly believe that a well-defined cryptocurrency exchange can generate specialized and highly competitive businesses that will play an increasingly important role in the world of finance and cryptocurrencies.
Our goal with Pirbax is to create a well-started exchange with a specific segment that is specialized and has a clear service base. Additional segments will be added from time to time but will not burden the core business, instead we want to create separate platforms for different segments and thus overwhelm the basic business. This creates individual growth opportunities and allows the platform to grow independently of the main business. With this idea, we want to create an ecosystem where every segment is covered and by cryptocurrency and through this we want to make Pirbax world class.
Pirbax Spot
Pirbax Spot is the spot market trading platform on Pirbax for buying and selling listed cryptocurrencies against other cryptocurrencies.
Pirbax will support trading pairs in the following coins:
- Bitcoin (Ticker: BTC)
- Pirba Token (Ticker: PRBA, native token of Pirbax)
- Stablecoins (USDT, USDC)
- Fiat currencies (EUR, USD)
- And more...
With the addition of our fiat gateway, we will potentially support more fiat trading pairs. Potential fiat trading pairs will be published in the future as well as other listings.
Fee structure: Pirbax initially will charge a 0.15% fixed fee per spot trade. Other variations will be subsequently introduced, including maker-taker and volume based tiering.
Wallet structure: The Spot trading platform will have two different wallets. These are divided into the main account and the trading account. This separation is for the sake of clarity and security for users, so that unintentional purchases/sales do not take place and funds are only available for trading after transfer from the main account to the trading account. The function of the main account is primarily to receive and withdraw and manage the funds. It should be noted that the transfer is instantaneous and does not incur any fees.
Pirbax Futures
Pirbax Futures is the derivatives trading platform on Pirbax for trading exchange traded cryptocurrencies with and without exposure to the traded cryptocurrency. We have two different products for this that cover both interests, with which the user also has the option of using leverage. Pirbax Futures also has a dedicated trading account.
USD Perpetual: USD contracts are USD-margined, quoted in USD, and settled in USD. You can only trade usdt perpetual using your Futures Trading Account.
Inverse Perpetual: Inverse Contracts are crypto-margined, quoted in USD, but settled in the underlying crypto. You can only trade inverse contracts using your Futures Trading Account.
Leverage: On Pirbax Futures we enable the user to trade perpertuals with a leverage of 50x. We will not support any higher leverage than 50x on Pirbax.
Fee structure: Pirbax initially will charge a 0.075% fixed fee for every maker or taker trade.
Fiat Gateway
We will allow the deposit and withdrawal of fiat currency using credit cards (e.g. Mastercard, Visa), Paypal and a few more payment provider which will be announced in the near future.
Staking
Cryptocurrencies that can be staked will be automatically staked on the Pirbax. Rewards are automatically paid out every 12 hours (measured after 23:59 (UTC)). The wallet snapshots are taken for all currencies throughout the day without a specific time. Pirbax will not participate in any network decisions in the staked currencies nor will it collect or list governance tokens right away.
Separate tokens such as governance tokens will be added on Pirbax in result of community request.
Pirba Staker
Pirba Staker allows the user to select a specific currency as a staking reward in order to receive individual staking rewards in a selected currency. For this, stack rewards are automatically exchanged for the desired currency. For example, if a user selects the PRBA currency, then all rewards collected will be automatically exchanged for PRBA on the spot market.
Security
The system behind Pirba is strictly based on the standards of the financing level. Industry-standard transmission encryption protocol is applied to data transmission layers to ensure all user data and sensitive data is stored through bank-level data encryption. The dynamic multi-factor authentication mechanism has been introduced for sensitive processes such as transactions or withdrawals to offer our users maximum security. At the operational level, Pirba has established dedicated internal risk control and operational processes departments that have established strict operational and usage standards for production data. It requires multi-level verification and approval to review and use all online data, and core data is desensitized to ensure maximum security for user data.
Token Release Schedule
70% of the tokens will be reserved for the private sale and are distributed right after the private sale 13% Founding team tokens will be locked for 5 years with quarterly releases.
Therefore, a maximum of 910,000 PRBA are released every quarter. 9% will be sold during the seed round for initial strategic investors and unlocked in 24 months 5% will be allocated for partners and advisors with a 12-month vested cliff and unlocked in 12 months after 3% will be used to pay for marketing expenses especially for promotions on the platform.
Private-Sale
Pirbax has allocated 75% of the total supply for the private-sale. Pirbax will burn unsold tokens and will not launch another sale after. The Pre-Sale will start on March 7th and will end on March 13th. Private-Sale information will be
given on our official website prior to the pre-sale.
Pirba Token
We will issue our native token, called the Pirba Token (PRBA). A Strict limit of 140,000,000 PRBA will be created, never to be increased.
Contact Information
- Website : https://www.pirbax.com/
- Whitepaper : https://drive.google.com/file/d/1dCaCLyG8AcLyf1nDlmpDRW0nTzUrhZv5/view
- Twitter : https://twitter.com/Pirbaxcom
- Facebook : https://www.facebook.com/Pirbax-109019651713921
- Telegram : https://t.me/PirbaxExchange
Bitcointalk Username : dey90
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=731808
Telegram Username : @Adeprayoga
Ethereum Address: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a