BitcoinBing: First Truly Global Exchange

arsenalx420 (6)in #cryptocurrency • 6 years ago

Introduction
Blockchain technology is one of the best innovations that takes place in the 21st Century which brought about revolution on the way things are done all around the world. It is no longer a news that the rate of adoption of cryptocurrency across the globe is so alarming. Many people are now opting for transactions using the blockchain technology instead of the traditional means as the digital currency transactions are taking over the conventional means of transaction.

Nevertheless, many cryptocurrency investors and enthusiasts go through some rigours in a bid to trade their cryptocurrencies either to another cryptocurrency or to fiat currencies. The majority of the problem oftentimes originate from the exchange platforms, sometimes due to high exchange fee, hidden charges, complicated exchange platform, low liquidity and many more.

Personal Experience
I made use of an exchange platform sometimes ago and regretted ever trading on that particular platform due to high exchange fee charged for the transaction coupled with the fact that I was unable to withdraw all my coins. I had no alternative as at the time as the coin I wanted to trade was only listed on that exchange. That gave me a bad impression about the exchange and not only this particular exchange only, but such is the experience of many other users using some other exchanges.

The Exciting News!
The exciting news is that there is an exchange platform that has come with a difference in order to proffer solution to the problems been faced by users during the course of trading and transaction of their cryptocurrencies. The name of the platform is called Bitcoinbing

About BitcoinBing
Bitcoinbing has been made with the motivation behind ascertaining the present issues. The exchanges today are confronting a specific number of issues. Bitcoinbing group had sketched out every one of those issues and planned its own exchange in a way that it sidesteps each one of those issues.

All the present exchanges are created in a bid to make profits at the fastest opportunity. This methodology has caused essential deficiencies in their form of tasks. Bitcoinbing platform set aside a more extended time for advancement, with the particular objective of guaranteeing that the client encounter does not break down as client volumes ascend on the platform. Bitcoinbing group utilized long stretches of involvement in cryptographic money and outline, with this aggregate exertion empowered us to fabricate a stage which keeps up a uniform standard for client encounter, with the ability to withstand overwhelming exchange loads and tremendous changes. Subsequently, we faced a few issues in the underlying period of advancement which was slower, yet this is the thing that gives Bitcoinbing the critical operational edge by and by.

The Problems

Insufficient Infrastructure: Many existing digital exchanges don't take much time to build a solid infrastructure which has caused many inefficiencies in their mode of operations.
Inferior Security: Many exchanges went into operation without sufficient security form which has results in many data breach and exposure of users information in many levels. We have witnessed many exchange hacks which even makes some to run out of business at the cost of the exchange users.
Poor Customer Service: Most of the current digital exchanges has no solid form in place to solve customer complaints. This usually leaves customer to be angry and frustrated for not getting solutions to its issues especially when it involves money.
Unfair Transactions Fee: Many existing exchange solutions makes transactions fee payment compulsory for their users. Though this is not the only means of making money by exchange but exchanges has exploited their users more through insane transactions fee.

Bitcoinbing Solutions
In order to solve the above mentioned issues. The team behind Bitcoinbing have assiduously worked on the exchange architecture. intoned issues, Bitcoinbing team has industriously worked on it architecture. The onsite Bitcoinbing matching engine has a phenomenal transaction processing capacity that will be able to capture up to 1,000,000orders/second. Platform users are spared from the trouble of waiting for their orders to get out of queue which usually takes a very long long time in some scenarios. Bitcoinbing exchange has a feature that can used to integrate payment process like PayPal, Neteller, Western Union, International Bank Transfers and many more more.

Those who buy Bitcoinbing during ICO are also giving the opportunity to trade on the platform at zero cost. They are also entitled to sharing profit of the exchange.

The Key Features of BitcoinBing

Zero Fee Structure
Bing token is Bitcoinbing platform's local token which gives brokers zero exchanging cost, when utilizing it to pay charge for trades make on Bitcoinbing exchange. This implies Bitcoinbing raised capital, propelled with a useful item and immediately had a viable utility to profit clients. A utility token is an utilitarian token that, through savvy contract programming, can be used in a wide range of ways. If there should be an occurrence of Bing, it tends to be utilized to pay for administrations inside the stage and in addition with zero exchanging cost.

Different Currency Pair
BitcoinBing platform offers different cryptocurrency pairs which would empower them in executing numerous exchanges all the while. At first the tokens would be combined with BING, BTC, ETH, and USDT. Among the first quarter of 2019 Fiat would be Deployed in which Major monetary standards would be USD, GBP, and INR.

Full Stack Trade Desk
This specific element reinforces the merchants to exchange with every one of the benefits and subsidiaries. It gives them a chance to made ventures with ascertained serious alongside disclosing to them the parameters and rectifying the exchanges. It discloses to them the aggregate sum of the benefits on the dashboard and gives them a chance to ascertain the benefits they gain. The in-constructed exchange adding machine incorporates every one of the parameters by which the broker makes exchanges and it gives out precise result. The full stack exchange work area empowers the dealers to design the business deliberately, keeping every one of the dangers under control.

Security
Security is the high extreme need for any platform which offers installment and exchange administrations. Bitcoinbing, being an exchange couldn't leave a stone unturned to make the security hacker proof. Designed on blockchain, Bitcoinbing has assessed ever part of security and make the platform stalwart to check any security risk. This platform has included procedures, for example, KYC to make the data totally sheltered. Blockchain itself gives a seal of security, whatever to console that everything is secure, Bitcoinbing has included each other parameter which makes its security principal. More in nutty gritty there would be: 2FA Authentication (For Login and Withdraw); OTP Verification; Email Verification (For Login and Withdraw); All Funds Will be put away in anchored cold wallet; Scrambled Keys; DDOs Preotction; Information Transmission, etc.

Token Buyback
Once a quarter, Bitcoinbing will total atleast half of the trade exchanging charge and utilize them to purchase and burn Bing trade tokens. This will keep an adjusted measure of tokens in the market and in the stage for clients. This process will consume extra tokens getting gathered in the market and keep the benefit of Bing token flawless. It would likewise help in increasing more an incentive over the current esteem.

Speed
So as to alleviate the crypto merchants from the previously mentioned issues, Bitcoinbing group has inventively taken a shot at it design. The on location Bitcoinbing coordinating motor has a sensational exchange preparing limit that can deal with up to 1,000,000orders/secon

Work area and Mobile App
The Bitcoinbing platform is created for both work area and bearable clients. As the quantity of bearable clients is extending quickly, Bitcoinbing doesn't need any of its clients to lose a solitary exchange because of this restriction. The similarity of the platform with huge working frameworks, for example, Windows, Android, iOS and Linux has been checked by industry specialists at huge platforms.

Token info & ROADMAP
Token name BING
Price 1 BING = 0.50 USD
Platform Ethereum
Accepting ETH, BTC
Minimum investment 0.2 ETH
Soft cap 4,000,000 USD
Hard cap 40,000,000 USD

Rating & partners of BitcoinBing
This is very fist number of growing project & this project has got a very number of ratings from various top ICO monitoring sites. ICOBench has given them a staggering 4.1 ratings . They are getting the big institutions attention and they are hopeful about convincing big corporations and investors to back them.
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For more information you can visit Bitcoinbing's official site and read their whitepaper. The links can be found below.