FXPAY: AN ALTERNATIVE TO DECENTRALIZED EXCHANGE PLATFORM

crypto12 (25)in #blockchain • 6 years ago

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INTRODUCTION

Forex is a global exchange market that deals with the exchange of currencies, its market is wide enough to accommodate a lot of exchange but the market also stamped with series of challenges which are outlined below;

Market Problem

The fees incurred by the trader, broker, and liquidity provider when withdrawing and depositing funds.
The lack of consistency concerning broker fees, due to a lack of standardization.
Exchanging money is a convoluted process that can take multiple days.
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The transaction process is inefficient and complicated for such a big industry, with a lack of consistency concerning brokers.

FXPay Solution

By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution.
By offering a digital currency to brokers and traders, FXPay provides a medium through which to effortlessly convert fiat currency into FXP tokens.

Once it is securely logged on the blockchain, it can be converted into any of our Forex pairs.
Traders can then use Forex credit to participate in the market.
Once trading has ceased, traders can trade Forex credit back into FXP

FXPAY PLATFORM

FXPay (FXP) is a decentralized cryptocurrency token issued by FXPay Inc. FXP is a registered ERC20 token based on Ethereum blockchain technology. It can also be admitted to be an exciting and highly prospective business opportunity that brings innovative technology to the Foreign Exchange (Forex) market.Fxpay maximize the usefulness of the fxpay token to appreciate and increase the rate of transactions in the foreign exchange and reduce risk to it minima level. The inadequacy facing the brokers and traders in the forex market, Fxpay uses the power of the Blockchain technology via the fxpay token to tackle concerns of parties involve in the foreign exchange.

AIM

FXPay Inc. aims to create a large, international, eco-friendly community on a digital platform that is made to meet the demands of Forex liquidity providers and traders.

WHAT IS FXPAY FEATURING FOR THE FOREX MARKET?

Payment Gateway
Fxpay feature gateway to the payment system for easy and fast transaction, this allows brokers to make instant payment to liquidating providers of fiat currency and cryptocurrecny transactions through the blockchain technology this enable trader to enjoy low transaction fees compare to the conventional forex trading charges.

Mirror Trading
This is fxpay technology to make trading more effective and enjoyable to all traders. Users of Fxpay will have access to the analysis, strategies, signal profit history of expert in the forex market and once their account has be linked and enable on the platform. Fxpay uses this methodology to grown newbie, intermediate and some few upcoming Expert in the forex market.

Smart Contract
Fxpay token is built on the Ethereum Smart Contract (ERC-20) and utilizes this technology for fast payment. Traders can save more fund from charges from brokers using the payment method of Fxpay.

Debit card
Fxpays allow users to have access to fiat currency of their choice in the forex market, fiat currency can transfer from their brokerage account to the Fxpay debit card which makes trader to shop online and offline with the Fxpay debit card. Fxpay debit card makes life easier through the partnership with Master Card.

Social wallet for android and IOS wallet
Fxpay has develop an authentic mobile application where users can store cryptocurrency, these wallet is users friendly with beautiful interface, and it require high level verification to authenticate it to users. Users of the wallet can transfer coins or token to the forex market for trading.

Details of the ICO

Token Token - FXP
Standard token - ERC20
Private sale period - from 1 to 30 April 2018
Pre-sale period - from May 1 to July 31, 2018
The value of the token during the private sale is $ 0.65 (20% Bonus). Free FOREX credit - 100%

Pre-Sale Period:

1st stage - $ 0.75 (15% bonus)
Stage 2 - $ 0.85 (Bonus 12%)
Stage 3 - $ 0.95 (Bonus 10%)
Stage 4 - $ 1.05 (Bonus of 9.5%)
5th stage - $ 1.15 (Bonus 9%)

Period of public sale:

1st stage - $ 1.25 (Bonus 8.5%)
Stage 2 - $ 1.35 (8%)
Stage 3 - $ 1.45 (7%)
Stage 4 - $ 1.5 (6.5%)
Stage 5 - $ 1.55 (6%)
Stage 6 - $ 1.6 (5%)
Total amount of issued tokens: 500,000,000 FXP

Acceptable currencies: Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Tether (USDT), Tron (TRX), Happy coin (HPC)

ROADMAP
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