FXPay : The Blockchain Powered Foreign Exchange Trading
There are many Foreign exchange exist nowadays but most of them are still traditional ways that rely only on centralized server. Foreign exchange market itself (often reffered as Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Forex market is one of the most traded markets in the world with more than 4 million transactions per day. The amount of profits that are lost in commissions and lagging transactions is quite staggering for sure.
FXPay is a platform based on blockchain that is built specifically to handles the Forex market transactions. As the Forex market is decentralized by nature so it is best if the trading system also based on decentralized blockchain system thus offer more scale-able, reliable, secure and audit-able system for all parties involved. FXPay is a blockchain based platform for trading on the Forex market. FXPay will offer cost effective, innovative solutions to traders, brokers, and liquidity providers. Via utilization of the blockchain technology, FXPay will minimize the risks for traders and brokers via increasing the speed of transactions and providing them with more opportunities.
The team at FXPay have more than 20 years of experience in software engineering and Forex trading. It was this expertise that gave them the ability to identify a need in the Forex market for new technology and then capitalizing on it. This new trading software that acts as a Forex and Crypto gateway for both markets will have a robust set of features and benefits including a multi-functional e-wallet, mirror trading and a real debit card attached for easy access to funds. This wallet will be available for both iOS and Android mobile devices. Users can send and receive FXP coins, exchanging them for Forex credit. The utilization of Smart Contracts in the FXPay platform may save customers up to 90% when compared to current payment structures on the market.
FXPay goal is to address the current inefficiencies within the market and to provide cost-saving solutions to brokers, traders, and liquidity providers. By utilizing blockchain technology, FXPay can intelligently reduce the risk for brokers and traders by providing more opportunities and increase the speed of transactions in the Forex market. FXPay is proud to bring our initial coin offering to the market and to allow investors to become part of our exciting new product and journey. The FXPay platform will immediately start addressing the issues within the current Forex market. Our proposed solution will demonstrate the tangible value of the FXP token.
FXP is created to become a gateway solution which aims at uniting the Ecosystem and Forex industry based on the blockchain technology. FXPay Inc. aims to create a community on a digital platform that is made to meet the demands of Forex premium brokers and traders. FXPay Inc. aims to be the premium broker, thus FXPay clients will be able to invest in the Forex market with FXP token. This will provide a platform with both established users and significant daily volumes.
FXP is FXPay’s native token. FXP is an Ethereum based ERC20 token. 200 million FXP tokens will be offered for sale via the ICO, which corresponds to 40% of the total token supply. FXP will act as a medium-through currency that intermediates conversion of fiat currencies into any of the supported Forex pairs. The FXP pre sale will be from 1 May 2018 until 31 July 2018 with the valuation of 1 FXP = USD 1.15. Public sale will be from 1 August 2018 until 31 October 2018 with valuation of 1 FXP = USD 1.6. The Transactions will accept BTC and ETH cryptocurrency. The Soft cap is at 30,000 ETH while the Hard cap is at 90,000 ETH. Total tokens available is 500,000,000 in which only 40% available for sale to public. It implement KYC protocol for more secure and trusted transactions of token.
The FXP Private Sale is at USD 0.65 (with bonus of20 %). Public Pre-Sale ROUND 1 at USD 0.75 (with bonus of 15%), ROUND 2: USD 0.85 (with bonus of 12%) and ROUND 3 at USD 0.95 (with bonus of 10%). During Public Sale ROUND 1 at USD 1.05 (with bonus of 8%), ROUND 2 at USD 1.15 (with bonus of 6.5%), ROUND 3 at USD 1.30 (with bonus of 5%), ROUND 4 at USD 1.4 (with bonus of 5%), ROUND 5 at USD 1.5 (with bonus of 5%) and finally ROUND 6 at USD 1.6 (with bonus of 5%).
Forex System has become the world’s largest financial market, to ensure its stability and security surely there must be a reliable system that handles it in place. FXPay can become the blockchain based platform that not only offer security but also reliability to become the preferred payment gateway. It is tomorrow technology for today. Let’s join the FXPay revolution to offer more integrated and secure forex trading to the real world!
Website: https://fxpay.io/
Whitepaper: https://fxpay.io/pdf/FXPAY_V.1.4.pdf
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