bZx | The Margin Trading Protocol
Most times, we don’t have funds to run our business. Mergers and Acquisition had helped businesses stabilize their funds. Same cannot be said of the cryptographic world.
Cryptographic currencies have been used solely on the chain technology. In recent years, it had made its way into centralized platforms. This brought collision between DEX and CEX. DEX had tried solving issues in CEX and DEX.
It had not been able to attain CEX standard. Thus, leveraging margin funding is not in view. There ought to be synergy between CEX and DEX towards attaining interoperability. Since this is not available, participation in margin trading is inevitable.
These breeds risks such as exposed wallet. There seems no active oracle in place to curtail this malaise. Current oracle in DEX could have been viable. The downside was Ethereum smart contract’s failure in predicting and keeping up with prices in the market.
This is where bZx features. Its goal is making margin funding vibrant.
The Protocol
bZx is one out of many platforms leveraging on Ox protocol. It is important to note the actual position of bZx. The platform does not constitute itself as an exchange means. It is rather a protocol that was developed for easier integration into already-existing exchanges.
bZx is also pioneering margin trading. Unlike traditional margin trading platforms, bZx was hinged on the chain technology and is using the P2P format for its operations.
Introducing a new Oracle
Oracles are at the core of margin trading especially decentralized ones. Their major downside lies in liquidation oracles have hectic time scaling congestions in networks. bZx therefore developed a new oracle – bZxOracle.
bZxOracle is a brainchild of bZx’s goal of establishing an Oracle marketplace. The marketplace will meet the pain point of users by allowing development of Oracles to that regard. You can create your Oracle and if accepted, you can monetize it.
bZxOracle will solve varieties of issues in traditional margin trading. It will keep track of trading and also be in tune with users accounts. To avoid hitches on the platform, bZxOracle liquidates any account that its performance is below par.
On the other hand, users can use the amazing service offered by bZxOracle. Users can use Oracles developed by on the marketplace in solving their margin trading needs. They also have access to low fees while deriving maximum benefits from bZxOracle.
Features
bZx has amazing components that will help propel the platform to the top.
bZx.js Library
This was developed used JavaScript programming language. The bZx.js Library features all tools needed in utilizing the platform’s smart contracts.
Lender and traders can use the portal for their operations. Same way, traders and lenders can easily manage their account threshold on the portal. Bounty hunters are availed the opportunity of liquidating below-margin accounts.
Use Cases
The library will be beneficial to exchanges and relays. They will be used for margin trading. They will integrate a funding tab in their interface for easier trading on bZx. Developers can use the library in building the bZxOracle.
bZx Portal
This will be developed as internet-based DApp. It will be hub for margin traders and lenders. The interface is simplified for easier use.
Token Sale Information
Ticker: BZRX
Platform: Ethereum
Standard: ERC20
Total Supply: 1 billion BZRX
Exchange Rate: 1 BZRX= $0.073 USD
Hard Cap: $36.5 million USD
Accepted: Ethereum
Meet The Team
To learn more about the team, click Here.
Partnerships
Putting it all Together
bZx from indications, has great tidings for margin lending and trading. The amazing components and Oracle will go the extra mile in salvaging the almost engulfed margin lending and trading industry.
To learn more about this revolutionary project, check the links below:
Website: https://b0x.network
Mainnet DAPP: https://portal.bzx.network/
Whitepaper: https://b0x.network/pdfs/bZx_white_paper.pdf
Medium: https://medium.com/@b0xNet
Twitter: https://twitter.com/b0xNet
Telegram: https://t.me/b0xNet
Bounty0x Username: Collinberg
Email: [email protected]