The foreign exchange market is one of the most widely adopted initiatives in human civilization. Forex may be defined as the system by which one currency is exchanged for another; enables international transactions to take place. Individuals and firms (brokers, traders etc.) who were directly involved in the foreign exchange market used to enjoy great services until the issues of high transaction fees incurred by direct actors, slow services, and several others erupted in the market. It's quite unfortunate these problems haven’t been given any heed till date. Having this problem at hand, FxPay Inc. team aims to strategically reduce the risk for brokers and traders. They focus on utilizing the Ethereum blockchain technology to help achieve their ultimate goal.
Is FxPay even worth it? In the subsequent paragraphs, we are going to look at some of the features, services, and benefits the eco-system is going to offer to its diverse stakeholders. The FxPay’s solution is discrete in nature. They are trying to integrate technologies, strategies, services etc. to make its platform very solid and accommodating.
FxPay will serve as a payment gateway system for the forex market. The FxPay payment gateway will allow actors (brokers and traders) make swift and secure payments on the platform. Having to rectify high transaction fees in the traditional forex market structure, users of the system will incur transaction fees ranging between 0.5-1% of the total amount being transferred. This makes FxPay eco-system attractive as compared to what we already know of.
The FXP is an ERC20 token based on the Etherium network that would play a key role in the payment gateway system. Assuring customer of security, transparency, and speed.
As one of FxPay goals to spread its wings wide, the team has secured partnerships with prominent brokers to make the project successful. Thanks to these partnerships, cash back bonuses could be redeemed for forex credit which could then be used in the forex market.
One of the benefits of the Etherium network is the smart contracts. Smart Contracts are blockchain based contracts that are executed as soon the underlying conditions are matched. Since there is no centralized authority, these contracts are free from frauds, interference or speculation. These contracts can be used to facilitate the exchange of anything valuable like money, shares, content, etc. FxPay will make use of these contracts to help customers to save up to 90% when compared to the existing payment structure.
FxPay Inc. seeks to combine both the forex market and the crypto market to allow various traders to diversify their investments. This initiative will be of benefits to traders from both markets and introduce them to other investment opportunities outside their respective fields.
In conclusion, FxPay Inc.’s comprehensive system comes with great benefits which unfortunately we couldn’t look at all of them due to time. There are other benefits which might be of importance to prospective investors and supports. These include FxPay’s partnership with MasterCard/VISA to issues an FXP debit card that could be used worldwide, a secure and intuitive mobile wallet for the storage and transfer of FXP and Forex credit, FxPay becoming their own liquidity provider in the near future and several others.
The project is being backed by great and experienced team members and above all, it has a good concept making it problem-solving oriented.
Token Details
Ticker Symbol: FXP
Token Protocol: FXP is issued and operated under the ERC20 infrastructure.
Total Supply: 500,000,000 FXP TOKENS
Token Sale
Private Sale Period: 1ST - 30TH APRIL 2018
Public Pre-Sale Period: 1ST MAY - 31ST JULY 2018
Public Sale Period: 1ST AUG - 31STOCT 2018
Accepted Cryptocurrencies for the FXP launch: Ethereum (ETH) , Bitcoin (BTC) , Bitcoin Cash (BCH) , Tether (USDT) , Tron (TRX) , Happy coin (HPC)
Prices
PRIVATE SALE US$ 0.65 (BONUS 20 %)
FREE FOREX CREDIT 100%
PUBLIC PRE-SALE
ROUND 1 US$ 0.75 (BONUS 15 %)
ROUND 2 US$ 0.85 (BONUS 12%)
ROUND 3 US$ 0.95 (BONUS 10%)
ROUND 4 US$ 1.05 (BONUS 9.5%)
ROUND 5 US$ 1.15 (BONUS 9%)
FREE FOREX CREDIT 100 %
PUBLIC SALE
ROUND 1 US$ 1.25 ( BONUS 8.5%)
ROUND 2 US$ 1.35 ( BONUS 8%)
ROUND 3 US$ 1.45 ( BONUS 7%)
ROUND 4 US$ 1.5 ( BONUS 6.5%)
ROUND 5 US$ 1.55 ( BONUS 6%)
ROUND 6 US$ 1.6 ( BONUS 5%)
FREE FOREX CREDIT 100%
Token Allocation
Team
Road Map
Useful links
Website--- https://fxpay.io/
Whitepaper--- https://fxpay.io/pdf/FXPAY_V.1.4.pdf
Telegram--- https://t.me/fxpayglobal3
Content credit:
Bitcointalk Username: thinkright
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2328259