BCNEX : THE ULTIMATE BLOCKCHAIN TRADING PLATFORM

elmichaels (1)(1)in #blockchain • 5 years ago (edited)

Introduction

Technology and digital assets continues to impact the world and the economy everyday and steadily, in order to catch up with this trend and vogueness, the heads of industry needs to adopt a smart contract and blockchain technology that will provide solution to critical issues in the financial sector. The absence of transparency and security are basic issues that creates a bridge between traditional and emerging asset classes. Howbeit, although cryptocurrency in present days has increased rapidly,and is becoming more accepted and invested into by people from all over the globe, a lot of issues with unprofered solutions still exist. From the many platform that exists, we can categorize them in two forms of exchange, first the fiat exchange and the pure cryptocurrency exchange. The fiat exchange has the character of doing little or no education for their users while the pure featured crypto currency on the order hand is too difficult to understand for the newbees (beginers).

The vission and mission of BCNEX platform is to focus on the newbees (beginers) and help them become better in the usage and investing the cyptocurrency. The bcnex believes that in the nearest future the percentage of digital assets and cryptocurrencies will grow and it will play a vital role in the worlds financial market, and the name for this platform is BCNEX.

About the BCNEX platform

Bcnex is a platform that is centered around their customers, has a full-service ecosystem for transactions and blockchain-based tokens of digital assets. It is also secured and has stable platform founded on microservices and architecture that satisfies the most important customers requirement.
Through the combination of hot and cold wallets, it suppliments an optimal asset storage model.The Bcnex secures hardware that has similar operations with the bank, ISP providers, and also the government of developed countries. This ensures ultimate customers security and their assets even if the system is tampered with or hacked.

Bcnex is very swift, accurate,and low latency trading platform when put in comparison with other platform. It is flexible, scalable and is sure to handle over 2,000,000 orders per second. The BCNEX transacts with its own cryptocurrency which is the BCNEX token.It was first built on Ethereum blockchain and then movedto CryptoNote, this currency will be used to carry out all forms of transaction and will recieve incentives that amounts to 75%.

Problems Of Current Cryptocurrency Exchanges.

WEAK TECHNICAL ARCHITECTURE
In order to keep the system running and save time and money some engineers looks for an easy path to go through, since they have little or no knowlege on how to operate a financial service platform. Though at first the system tends to operate properly but as time goes on and users increase the system becomes overworked and become unable to process the request of customers. There is a need for exchanges to be well structure from top to bottom to ensure effective services to customers.

LACK OF SECURITY
In the past years as recorded in the year 2017 and 2018 crypto exchange acquired a total loss of $882 million caused by targeted waylay according to data from Group IB.

POOR CUSTOMER SERVICE
The growth of an exchange platform depends on how their customer is treated, but its so unfortunate that many exchange platform neglects this very important factor. The most recorded issues in the crypto-exchange platform is the poor customer services, due to this it has been reported that customers tends to stop exchanging at an exchange platform if not treated with care and respect.

Proposed Solution by BCNEX exchange

The Bcnex exchange platform is founded on blockchain technology through the use of practices begotten from high performance web application and reknown developers from the financial sector. Each API function is tested to acertain the level of speed and reliability. Aconfirmed microservices structure has been put in place with thousands of bots to continually placing hundreds of orders per second. This is therefore considered the fastest compared to 99% exchanges platform as at now.

Features Of BCNEX

Below are the features of Bnex

Spot transaction
Margin trading
Future contract
100% anonymous automatic order matching mechanism
And customers should expect more exciting features.

Token Allocation

BCNEX chooses to allocate their token in this manner:

50% (100,000,000) of tokens will be given for piublic sales
38% (76,000,000) to be allocated to Bcnex team members and advisors
5% (10,000,000) to be sold to angel investors.
2% (4,000,000) to beused for bounty program and incentives.
5% (10,000,000) to be reserved for future use.

Conclusion

The Bcnex has a notion,mission and vision to improve security and help customers improve their experience. Bcnex has built their exchange platform on blockchain technology and Ethereum blockchain. they built their architecture to be solid and reliable that is able to carry out over 2,000,000 orders per second. Amazing right? Bcnex will erase and eradicate the days of slow exchange and give to its customer a swift and reliable exchange platform, where customers will be treated as important as they are to the exchange platform and the form of growth in the exchange platform.