FIXY- Disrupting the Exchange platform with blockchain
Ever since Satoshi Nakamoto created bitcoins many years ago, there has been over 3500 other Cryptocurrencies created. The purpose of bitcoins was to change and revolutionize the financial world and blockchain technology was there to provide a solid mechanism for validation. Ever since, the blockchain and bitcoin technology has been adapted for every industry be in finance, health care, oil and gas, real estate, education etc to name a few.
In spite of the growing success of cryptocurrency, it remains limited, under unitized, and exceptionally volatile. The reason could be blamed on the fact that is it still not designed for everyday use. This in turns results in companies making less frequent use despite its advantages.The increased market adoption of cryptocurrency is the proof of its popularity. But despite its huge popularity in is yet to be used by everyone in their daily lives, people are still using tradiational or FIAT as their main cryptocurrency. For this there is a need for a secure ,transparent and safe application for the daily transaction through cryptocurrency. FIXY offers the solution for mass adoption of the cryptocurrency.
The Fixy App, is a blockchain based application that has been created to facilitate the use of cryptocurrency in ordinary everyday life. Some of the benefits and features of the application include monetizing their Cryptocurrencies and being able to get paid in both FIAT and cryptocurrency when they are selling their goods and services. FIXY offers various products and services to make people use cryptocurrency in their daily spending. FIXY crypto gift card is one of the first product developed by the developers of the FIXY team. They are also creating a market place for buying goods and services through cryptocurrency. Common features such as messaging and games are also available on the platform. Below is the more detailed discussion on the FIXY Ecosystem
The ecosystem
Their ecosystem includes a decentralized marketplace and a decentralized Exchange. They have also introduced the Fixy Gift Card, which will be made available across every corner store and going to be sold in FIAT. These Gift Cards provided by Fixy allows easy access into the cryptocurrency market without going through any lengthy verification process. A decentralized cryptocurrency payment application based on blockchain technology.
Their OTC trading feature is fully decentralized and eliminates the need for any transaction fee IT allows the exchange of Cryptocurrencies both in cryptocurrency and FIAT money. It creates a shortcut for investment in cryptocurrency. Additionally their “Store Finder” feature provides the options for users to find a Fixy accepted store where a user can buy goods using Fixy.
The Technology
They have create a hybrid market solution where sellers can put up any products under the roof and that can be sold or rented. Payment for such product will be 60% cash and 40% cryptocurrency. The accepted from of payments are BTC, BCC, ETH, LTC. The networks uses smart contracts for making deals, and payment for the usage will be done via Fixy token. Their trust score system allows users to leave rating and review on the nature of their experience on the occasion of trading.
The ICO and token details
Fixy token will serve as the platforms very own currency. The token is denoted by the symbol FXY. The cost of 1ETH=5000ETH. The Fixy token will be used to ideally make purchases on the platform. The ICO is divided into Pre ICO and main ICO where the Pre ICO will begun on 01 / May / 2018 and will end on 09 / May / 2018. The main ICO will start from 16 / May / 2018 and go on until 31 / May / 2018. Total number of FXY token to be created for the project 100,000,000.Out of which 68% are reserved for the ICO.40% of the funds will be utilized for marketing and also another 40% of the funds will be utilized for the development purposes.Team is highly passionate and very experienced in the field of blockchain as well as in technology and startups.
The Token bonus is as follows:
• Pre-ICO 40% 1ETH=7000FXY
• ICO Level 1 20% 1ETH=6000FXY
• ICO Level 2 0% 1ETH=5000FXY
Conclusion
Fixy token has been very promising in terms of the platform and technology that they are offering. They have a highly ambitious team of experts, investors and advisors who have hugely contributed to the success of the platform. Since this is an era of cryptocurrencies and platforms Like FIXY will create a revolution and will surely help in mass adoption of cryptocurrencies.
Website: http://fixyapp.io/
Twitter: https://twitter.com/fixy_app
Published By:karanj
Btalk Profile:https://bitcointalk.org/index.php?action=profile;u=1030341