Currently, the financial world is based on the use of two types of currency - cryptocurrency and fiat. Each type has its own advantages and is equally used. Existing payment systems are focused on working with one type of assets, which causes a lot of inconvenience to companies combining two types of currency in their work. Decentralized BridgeX platform is an ecosystem with a developed financial infrastructure. BridgeX is based on its own technology core, combining the ability to work with cryptocurrency and fiat within one service. Within the framework of the platform, you can conduct any exchange operations, make payments, issue loans. BridgeX assures full compliance between digital assets and fiat due to the use of the latest technology.
Key features of BridgeX
BridgeX helps to organize the work of the company at the international level, avoiding unnecessary expenses. With the help of BridgeX, financial companies all over the world get access to modern financial tools, raising the level of the economy of the whole world. The use of third-party DApps distributed applications allows BridgeX platform to provide financial tools for companies at a high level.
Advantages of BridgeX
The work of the project is based on the blockchain technology, which allows to securely store company assets through decentralized file storage. Registration with mandatory KYC verification and access to the Internet is required to work on the project. After registration, each user receives a personal account with a full list of professional financial tools.
BridgeX platform changes the approach to financial transactions. Now a user has to choose the main type of calculations when working on other resources - cryptocurrency or fiat money, while BridgeX eliminates the confrontation between these types of assets, offering to combine their use and choose the type of calculation depending on user's individual preferences. For example, BridgeX platform makes it possible to get credit in fiat using collateral in the form of digital assets. It is also known that it is advantageous to carry out global payments in cryptocurrency, which helps to avoid converting money into local currency, which is accompanied by a large commission. BridgeX platform erases boundaries and helps for each specific operation to find its own individual solution.
The platform has three main components - BridgeX Core, BridgeX Platform and other third-party integrable platforms. BridgeX Core is a set of technologies the work of the project is based on. The main technologies include blockchain-based Ethereum platform and smart contracts. BridgeX platform consolidates DApp distributed applications, including the decentralized peer-to-peer DApp BRIDGELoan market; BRIDGEPay that is a mechanism for instant currency conversion and payment; BRIDGESend and BRIDGEConvert applications to help BRIDGEPay work smoothly.
Third-party integrators are represented by Apps and DApps service providers. BridgeX platform brings together the cryptocurrency community, allowing players in the financial services market to participate in the creation of a new world economy. Any DApp integrator or application developer can open BridgeX Core services on an already running platform or create DApps / Apps online that help meet the financial needs of users.
BridgeX cryptocurrency
Ethereum-based BXN tokens are used to perform calculations within the project. 300 million tokens were allocated for sale, which is 30% of the total cryptocurrency issue. The fixed price for one token is 0.00006 ETH. The project’s hardcap is 18,000 ETH.
Summary
Thus, BridgeX platform is a unique project that combines work with different types of currencies on the same resource - fiat and cryptocurrency. The platform is especially useful for those who use several types of calculations in their activities, offering comfortable and favorable conditions for each individual transaction. A convenient interface, a variety of financial instruments, a profitable amount of commission will allow BridgeX project to enter the global market.
The project was launched at the beginning of the current year, and is currently developing BridgeX test network. By the end of 2019, BridgeX plans to provide the full functionality of the project with adaptation to various devices.
Links:
Website: https://bridgex.network/
WhitePaper: https://bit.ly/2OuiqKK
Telegram: https://t.me/bridgexnetwork
Facebook: https://www.facebook.com/bridgexnetwork/
Twitter: https://twitter.com/bridgexnetwork
Medium: https://medium.com/bridgexnetwork
ANN: https://bitcointalk.org/index.php?topic=5024373.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.