BitcoinBing PROJECT (( ICO 2018))-DYNAMIZING CRYPTOCURRENCY EXCHANGE

dprince2281 (5)in #dprince2281 • 6 years ago

I welcome you all once again to this Wonderful CRYPTOCURRENCY NETWORK BLOG, as usual ! all of you know's, I always carry you along with any information about good crypto related projects through my blog.

INTRODUCTION:

Millions of new investors began trading cryptocurrencies. Of course, as with any investment vehicle, there are many different trading strategies, so it’s important to identify which one suits you best.

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To be successful in the world of cryptocurrency trading you must know the market very well, but above all, you must know yourself. Perhaps this is even more important than knowing the market, and your future in the world of crypto may depend on this level of self-honesty.

In general, there are four types of cryptocurrency traders based on the time they take between the opening and the closing of an operation (between buying and selling or vice-versa). You can combine two or more strategies, but the important thing is to know how to distinguish them and the differences in each one. From shorter to longer times, the types of trading are:

Scalping:Scalping is a type of cryptocurrency trading which is based on buying and selling almost instantly. It is perfect for those looking for a fast trading style. The scalper does not take his eyes off the screen, seeing the variations in real time. These trades typically don’t last more than 5 minutes.
This type of trading requires a lot of leverage to obtain considerable profits, and it involves opening and closing many operations on the same day. The idea is to bet a lot of money to get very little profit but in a brief time.
The analysis of trends is not very important in this type of trading because short-term predictions are less accurate. If you are a scalper, you must know how to make quick decisions. You cannot “get attached” with a coin, and you must be very strict with your limits of Take-Profit and Stop-Loss.

Day Trading:Day trading is a short-term trading strategy that consists of opening a few positions at the beginning of the day and closing them at the end. This way, there is a greater range of action and a quieter period of operation, controlling the risks of leaving a trade open for a few days and suffering a change of trends by an unexpected event. i.e., if you live in the United States and leave a position open, bad news from Asian governments may cause a fall while you sleep. In the same way, some good news may generate an increase, but at the end of the day, what matters to the Day Trader is having control over the information.
The most common candles daytraders operate with are candles from 15 to 30 minutes. Sometimes they observe 4-hour behaviors to see if their trading is part of a trend.
They use indicators and technical analysis. The most recommended ones are the MACD and the RSI.

Swing Trading:This is the most common type of trading in the cryptomarket. Generally, because of the significant volatility of altcoins, traders buy a currency and then change it to USD, BTC or ETH only to buy another altcoin and thus maintain their wave of profit (most altcoins are quoted mainly against Bitcoin).
Swing trading cryptocurrencies consists of opening trade and leaving it for a reasonable period of time, from hours to several days. They generally use candles from 12 hours onwards with other essential indicators. One that is not usually missing is the volume of the market. The use of technical analysis is of great importance.
The most common indicators are the MACD, RSI, Stochastics, however many prefer to use other signs that provide a more general view of market behavior: Fibonacci Regressions, Gann forks, Bollinger, EMAs, etc.

Position Trading:Position trading is a trading strategy that is more “investment” than “trading.” It consists of opening positions and leaving them for several weeks to years. It requires extensive knowledge of aspects beyond the technical ones. Long-term investors are willing to take a significant amount of risk in favor of the possibility of making a considerable amount of profit.
An in-depth study is necessary to know the reliability of each move that is made, for this reason beyond the technical analysis, traders must continuously apply fundamental analysis studies.
The most common candles studied go from 1 day to 1 month depending on how willing investors are to maintain their position.
But above all, as serious as the trading world may be, make sure you enjoy your trip.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: BitcoinBing

WHAT IS #BitcoinBing?

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BitcoinBing is a cryptocurrency exchange platform that incorporates some key features that differentiate it from regular crypto exchanges. These features and their significance to the buying and selling process will be addressed further on in this paper.

BitcoinBing Conjunction With Smart Contract: A smart contract is a method of exchanging value between two or more parties using the blockchain as a tool for validation and escrow. It is a program containing a set of instructions which guide online transactions and exchanges of value. Smart contracts use the blockchain as a validator and escrow solution, cutting out the need for a middleman and exponentially increasing the fidelity of transactions. UsingUsing a smart contract, a seller and a buyer involved in a peer-to-peer transaction do not need to have a middleman interceding between them to ensure that the right exchange is made at the right time. Rather, a set of conditions, instructions and parameters is coded into the blockchain, and the buyer deposits their cryptocurrency into a safe wallet under the care of the smart contract protocol. Once the buyer confirms that they have received the requested value from the seller and it is acceptable to them, the smart contract automatically releases the payment to the seller.

BitcoinBing vision: is to raise the standard of expectation across the industry and to deliver a world class experience with an exceptionally powerful trading engine, active platform development and a customizable interface. We are tackling issues that span the industry and our platform is dedicated to the user base. Bitcoinbing is a balancing participation in the blockchain space and accelerating mass adoption.ThisThis project is focused at optimizing the trade with induction of cryptocurrency and blockchain. It is an endeavor to usher the world into a secure and reliable system. Bitcoinbing will secure the interests of its users in all aspects. Its motto is to ease the way people make their transactions today. With peer-to-peer architecture, this platform will neutralize the profit for every user.

ABOUT #BitcoinBing

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Bitcoinbing has been created with the purpose of solving the current issues. The exchanges today are facing a certain number of issues. Bitcoinbing team had outlined all those issues and designed its own exchange in a way that it bypasses all those problems.

Almost all the existing exchanges are put together in a rush to make profits as soon as possible. This approach has caused basic shortcomings in their structure of operations. Bitcoinbing platform took a longer time for development, with the specific goal of ensuring that the user experience does not deteriorate as user volumes rise on the platform. Bitcoinbing team used years of experience in cryptocurrency and design, with this collective effort enabled us to build a platform which maintains a uniform standard for user experience, with the capacity to withstand heavy transaction loads and immense fluctuations. Consequently, we did face some issues in the initial phase of development which was slower, but this is what gives Bitcoinbing the crucial operational edge in practice.

Bitcoinbing team has industriously worked on it architecture. The onsite Bitcoinbing matching engine has a phenomenal transaction processing capacity that can handle up to 1,000,000orders/second. Bitcoinbing users are spared from the trouble of waiting for their orders to get out of a queue which in some instances can take days or even weeks to process. This platform offers all the services that a typical exchange provides such as spot trading, margin trading, anonymous instant exchange and decentralized exchange.InIn addition to that, it also offers the ability to conduct over-the-counter and peer-to-peer trading of fiat and cryptocurrency in a flexible and secure manner. In Bitcoinbing, users signify what cryptocurrencies they have and what exchange rate they are willing to sell with, and other users respond to them and negotiate until an agreement is reached. Upon doing that, a smart contract is agreed stipulating how much is to be exchanged on both sides, how the transfer of value is to be made, and within what time frame these events are to take place.InIn order to ensure that users are not cheated of their money or otherwise discomfited, a rating and review mechanism exists for each year to gain onsite trust ratings, which helps users in making critical decisions about who to do business with. As mentioned earlier, smart contracts in this paper contains an escrow mechanism that ensures that none of the users can get hold of the other user's fiat or cryptocurrency without paying in their agreed value for exchange. This preempts all forms of advance fee fraud favored by internet fraudsters.

This platform works as an adjudicator between conflicting parties by incorporating a dispute resolution framework, using a decentralized decision making process to resolve conflicts fairly. Bitcoinbing has the ability to integrate with a vast number of fiat and crypto payment systems including but not limited to Paypal, Neteller, Western Union, International Bank Transfer, Perfect Money and a host of other payment solutions.InsteadInstead of giving users a rigid operational framework with which to trade likes a conventional cryptocurrency exchange, Bitcoinbing allows User A, who wants to buy BTC to connect with User B who has BTC to sell at a certain price. When the price and transaction details are agreed between both parties, an Ethereum smart contract is generated which states how much is to be exchanged from both ends, with what method, and within what time frame. In the event that either party defaults on any conditions baked into the smart contract, it will automatically initiate a refund of the cryptocurrency it holds in escrow to thethe cryptocurrency seller. If the contract terms are adhered to, and both parties signify their satisfaction, it disburses the payments as appropriate and the contract is terminated.That is a revolutionary concept in itself, but what is more interesting is that users who invest in the Bitcoinbing ICO are given the ability to engage in trading on the platform without paying transaction fees. So in essence, it is possible for users to create their own custom buying and selling conditions for Bitcoin, and carry out entire transactions without paying the platform a commission. Bitcoinbing will share its profits in the form of returns among its investors, which means that investing in the Bitcoinbing ICO effectively entitles an investor to a proportional share in the platform's operational profits.

FEATURES OF #BitcoinBing

1.Zero Fee Structure:Bing token is Bitcoinbing platform’s native token which gives traders zero trading fee, when using it to pay fee for trades made on Bitcoinbing exchange. This mean that Bitcoinbing raised capital, launched with a functional product and instantly had a practical utility to benefit users. A utility token is a functional token that, through smart contract programming, can be utilized
in many different ways. In case of Bing, it can be used to pay for services within the platform as well as with zero trading fee

2. Multiple Currency Pair:BitcoinBing platform offers multiple currency pairing which would enable them in executing multiple transactions simultaneously. Initially the tokens would be paired with BING, BTC, ETH, & USDT. During the 1st quater of 2019 Fiat would be Deployed in which Major currencies would be USD, GBP, & INR.

3. Full Stack Trade Desk:This particular feature strengthens the traders to trade with all the assets and derivatives. It lets them make investments with calculated risks along with telling them the parameters and straightening the transactions. It tells them the total amount of the assets on the dashboard and lets them calculate the profits they gain. The in-built trade calculator includes all the parameters by which the trader makes transactions and it gives out accurate results. The full stack trade desk enables the traders to plan the business strategically, keeping all the risks at bay.

4. Security:Security is the utmost priority for any platform which offers payment and transaction services. Bitcoinbing, being an exchange could not leave a stone unturned to make the security foolproof. Engineered on blockchain, Bitcoinbing has evaluated ever aspect of security and made the platform stalwart to counteract any security threat. This platform has included processes such as KYC to make the information absolutely safe. Blockchain itself provides a seal of security, but to reassure that everything is secure, Bitcoinbing has added every other parameter which makes its security paramount.

More in detailed there would be

2FA Authentication (For Login and Withdraw)
OTP Verification
E-mail Verification (For Login and Withdraw)
All Funds Will be stored in secured cold wallet
Encrypted Keys
DDOs Preotction
Data Transmission

5. Token Buyback:Once a quarter, Bitcoinbing will aggregate atleast 50% of the exchange trading fee and use them to buy and burn Bing exchange tokens. This will keep a balanced amount of tokens in the market and in the platform for users. This process will burn additional tokens getting collected in the market and keep the value of Bing token intact. It would also help in gaining more value on top of the existing value.

6. Speed:In order to relieve the crypto traders from the above mentioned issues, Bitcoinbing team has industriously worked on it architecture. The onsite Bitcoinbing matching engine has a phenomenal transaction processing capacity that can handle up to 1,000,000orders/secon

7. Desktop & Mobile App:The Bitcoinbing platform is developed for both desktop and mobile users. As the number of mobile users is increasing rapidly, Bitcoinbing doesn’t want any of its users to lose a single transaction due to this limitation. The compatibility of the platform with different operating systems such as Windows, Android, iOS and Linux has been checked by industry experts at numerous stage.

8. Trading competition and Airdrod:distribution
With all the other advantages, Bitcoinbing platform will also have a day trading competition and airdrop distribution. This would keep the traders motivated to engage in trading, it would also help them recover their losses, if they face some. Airdrops have become an integral part of ICO marketing campaigns. They can add a significant amount of investors in any program.
The concept of trading competition is introduced to keep users engaged in trading activities which would help them in their portfolio. This program increases the user participation and rewards them with many benefits.

9. 24/7 Live Chat:Bitcoinbing will provide 24/7 live chat support to assist users with any query or issue. Although, the platform is built in such a way that it leaves no scope of issue, the Bitcoinbing team understands that it may take a while for the users to come to terms with the platform. Therefore, we will have live chat support that will help the users with queries and nuances of the platform. This support system will have experts who know the platform inside out. The team will be resolving all the queries as soon as possible and all the complaints will be handled with immediate effect.

10. Instant Withdrawal & Deposits:There will be Automatic Deposits and Withdrawal in accounts once verified with the security. so the users will have not to wait for the either deposit or withdrawal.

EXPLANATION VIDEO #BitcoinBing

ROADMAP OF #BitcoinBing

INTELLIGENT TEAM BEHIND #BitcoinBing

CREAT AMBASSADORS BEHIND #BitcoinBing

AMAZING PARTNERS BEHIND #BitcoinBing

ICO OFFER BY #BitcoinBing

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The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the BitcoinBing PLATFORM

The process of putting forth a proposal in an ICO is simple. The cryptocurrency software developers will firstly announce their intention such as to attract a large number of investors. The developers will then write the white paper which will describe their project and highlight the key areas of that project. Even though it acts as a marketing tool, white paper is not the alter ego of a sales brochure. It is written in the academic style and the main objective is to attract the members of an ICO to invest in the proposal. The support of the prominent members of the blockchain community is also necessary to launch a new crypto coin.

After their go forward sign, the developers will create the tokens. The investors will receive the tokens in exchange for Bitcoin or Ethereum. The charge of the token and the limit has to be decided by the developers. Generally, the tokens have a considerably lower price at the initial stage and this is another reason why you should invest in ICO. The developers will also have to time at which they will hold their investment phase (ICO). It is critical to decide on the right moment.

PreICO dates »» 15th September to 30th september

ICO dates »» 1st October to 14th
November

ICO caps:

Soft Cap »» 4M$ (Achieved)

Hard Cap »» 40M$

REASONS TO INVEST IN BitcoingBing ICO

ICO is the place for sharing new ideas: You only have to look at the progress of Ethereum to decide to invest in an ICO. All the cryptocurrencies that have become popular today have had the backing of an ICO.

Community building: By investing in an ICO you will become a part of a community and you will also come to know about the forthcoming projects as soon as the intention is revealed. You will thus have the first opportunity to invest in.

Access to the valuable tokens: By investing in the proposals at the early stage you will receive tokens that you can further invest or trade. Thus, you will earn immense profits.

ICO regulations: Many countries like South Korea have implemented regulations on the ICOs. It is a good thing as those who want to genuinely invest in ICOs will approach it. It will also ensure security as the fraud ones will be eliminated. In future, investing in ICOs will thus become more and more secure.

Altcoin technologies are the future: Investing in future is another reason why you should invest in ICO. If you want to be a part of the growth, a leap into the future then you must invest in the ICOs. The early adopters of Bitcoin, Ethereum and other major cryptocurrencies have already earned huge profits by now.

ABOUT BING TOKEN

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Bing token is Bitcoinbing platform's native token which gives traders zero trading fee, when using it to pay fee for trades made on Bitcoinbing exchange. This mean that Bitcoinbing raised capital, launched with a functional product and instantly had a practical utility to benefit users. A utility token is a functional token that, through smart contract programming, can be utilized in many different ways. In case of Bing, it can be used to pay for services within the platform as well as with zero trading fee.