Bitxoxo review — India’s fastest Bitcoin exchange

in #bitxoxo • 6 years ago (edited)

Hello guys, in this article I will review a project called Bitxoxo, which is currently at ICO stage.

So what is Bitxoxo?

Bitxoxo is a Bitcoin exchange, which aims to be the best Bitcoin trading platform in India and make Bitcoin accessible to everyone by providing them a secure, fast, and real trading platform.

IDEA

There are plenty of exchanges around, but what Bitxoxo will offer is unique in this market, since they won’t just be an exchange, but will also provide gift cards and debit cards, will have a platform called “ICO launchpad” and will also provide BCH/altcoins trading pairs.

Grade: 4/5

TOKEN METRICS


The hard cap is average for an exchange, taking into consideration the current market conditions. 75% of the tokens are sold during the token sale, which increases the decentralization factor of the token. Company tokens will be vested for 1 year, which is good since it won’t affect the token price when it will get listed.

Grade: 4/5

ROADMAP


The roadmap is very long and full of releases, which could lead to a good development of the project. They already have a working product with over 100.000 users and will be adding additional features along the way.

Grade: 4/5

TEAM

Advisors

The team is quite big and has great experience in all areas required for it to succeed, but what really stands out are their advisers, with the likes of Roger Ver (founder of Bitcoin.com) backing the project.

Grade: 5/5

PROTOTYPE

Bitxoxo is already a working exchange with more than 100.000 active users, which is great from an investors point of view. The money raised from the token sale will help adding more features to the project.

Grade: 5/5

TOKEN UTILITY

The XOXO token will be used for transaction fees within the exchange. 25% of the fees will be bought at current market rate every time a transaction takes place and converted into XOXO tokens, so that the demand for the token will always be high. These tokens will be deposited into all token holders accounts accordingly.

Grade: 4,5/5

COMPETITION

There is a lot of competition in this space and it will be very hard for Bitxoxo to take a lot of the market share of Binance, OKex or Huobi, but considering the unique features that they will bring to the market, I can see a lot of potential for Bitxoxo to disrupt this space and become one of the leading cryptocurrency exchanges.

Grade: 2/5

HYPE

The Telegram channel currently has around 63.000 members and their Twitter has almost 18.000 followers, which is very good and shows a lot of interest from the community in this project. The presence on other social media channels is also very good, so I think the ICO will sell out pretty quickly.

Grade: 5/5

Overall conclusion

Bitxoxo is a working cryptocurrency exchange with a long roadmap and huge advisers, but also a lot of competition, so we will see if they can implement their plans and develop to be one of the top 10 cryptocurrency exchanges. They have a very strong community support and a large user base, so I can definitely see them succeed in future.

Final grade: 4,18/5 (very good)

As usual, please make sure you do your own research before investing in any ICO / token and if you liked the article, don’t forget to up-vote / comment / re-steem it and check my other ICO reviews as well.

Thank you.

Useful links:

#ico #bitcoin #cryptocurrency #exchange
6 years ago in #bitxoxo by
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