Introduction: Blockchain technology added to our present society has brought about a lot of change, not only in the financial sector, but in almost every area of our lives. There has been a positive impact on payment systems globally because of the presence of Blockchain in these systems. Even in the crypto industries, blockchain has done a lot of work, but still there are challenges faced especially in crypto exchanges platforms. Ferox Advisors is a crypto exchange platform just like the rest existing, but it has come up with a way to assist their users in earning high profits at the end of their trades. They plan on providing an important and durable strategy to bring about changes in the trades that the traders place. They focus mainly on external traders and their platforms by giving them high quality advice that would result in them celebrating their profits at the end of each trade. Ferox Advisors offers their users a better solution to the problems they formerly faced in the hands of greedy crypto exchange platforms by making a safe and convenient means for them to participate in crypto trading while removing the need for management fees which most crypto exchange platforms are interested in. Instead of collecting management fees from their users, they would collect a reasonable portion of the user's profits as their fees.
Ways in which Ferox Advisors manage their users account:
- They prevent daily losses that users are already used to by implementing risk management procedures in the trade.
- They collect zero management fees from the users on Ferox Advisors platform, but only from their profit which is fair to everyone.
- Intraday trading is available on the platform in order to increase the possibility of users getting more profits than imagined at the end of each trade. This strategy would let traders reason with companies, and become private shareholders of the platform, and get a chance to be part of the future cryptocurrency plans.
FRX Token
FRX is a TRX token built on the TRC20 contract. Ferox Advisors chose the Tron network for the particular reason that it is convenient and fast in most of their transactions, and they would love their users to experience this. It is known to be the pioneer token of a decentralized hedge fund token. The period this token is launched, it will be regarded as the same price as the TRX. Its circulating supply will be at 700 million, and 400 million of those tokens will be minted to be later distributed to users two years later. 300 million FRX tokens which will be left, will be stored for future use.
Conclusion: In 2015 when the platform first received its first private capital, it was known to be worth 5 million USD. And, with the way it's going, we are sure of progress with time. As the first platform to produce a decentralized hedge fund token, we trust that it will be in the market for a really long time.
USEFUL LINKS :
Website : http://feroxadvisors.com/frx
Twitter : https://twitter.com/feroxadvisors
Telegram : https://t.me/FRXalpha
Medium : https://frx.medium.com/
Github : https://github.com/opentron/opentron
AUTHORS INFORMATION :
Bitcointalk Username : Pona
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2844964