Everything You Need to Know About BINEX.TRADE

Guest Author | June 14, 2018 | 1:43 pm
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Everything You Need to Know About BINEX.TRADE

Guest Author | June 14, 2018 | 1:43 pm

Since the introduction of cryptocurrency, the world has been taken over by virtual/digital currencies. With each passing year, investors are more fascinated with the investment opportunities in the cryptocurrency sector, as it yields more profits than trading fiat currencies. For those who can’t relate to the term cryptocurrency, “Bitcoin” might sound familiar as there has been plenty of media coverage in recent times.

Introduced in 2009, Bitcoin is the first cryptocurrency, which was soon followed by the likes of Ethereum, Ripple, Litecoin and 1600+ other tokens. To trade these digital assets, one needs specialized platforms – Cryptocurrency exchanges. So far, in under a decade, over 70+ cryptocurrency exchanges have been developed and launched, and BINEX.TRADE is the one that stands out.

Introducing BINEX.TRADE- the New Age Cryptocurrency Exchange

BINEX.TRADE is a cryptocurrency exchange that aims to reinvent the revenue sharing economics by combining the power of BEX (Utility Token) and decentralization. BINEX.TRADE facilitates an efficient exchange that enables hassle-free trading for the end user. BEX is a Real Utility Token based on Ethereum which can be used for transactions, exchange, and services.

What Differentiates BINEX.TRADE From the Existing Exchanges?

BINEX.TRADE reimagines the concept of earning by trading to earn while others trade. The platform shares 70% of the revenues generated through commissions with  BEX token holders on a daily basis. Its unique profit sharing proposition makes BINEX.TRADE the most lucrative investment option out there.

The remaining 30% of the revenues will be used for system maintenance and enhancement.

BEX Economics and Distribution

BEX serves as the utility token on BINEX.TRADE. It has a total supply of 21 million, of which 18 million is offered to the general public during the ICO. Out of the remaining, 2 million BEX will be distributed as pre-registration/referral/Ambassador bonus and the remaining 1 million will be reserved as Founders’ share.

Let’s take an example for better clarity on how a BEX holder will earn from the trade revenue generated by the exchange.

Assume the trade volume in a day is $100 Million on the exchange and the trading fee is clocked at 0.30% of the total volume. The total commission earned in a day is $300,000 out of which 70%, i.e., $210,000 will be distributed among the BEX holders.

If at the end of the day, an investor holds 1000 BEX, then his earning in a day is $10  which roughly equals to $300 a month and $3650 a year. By investing $1000, the BEX holder earns $3650 a year which is more than 3X return on investment.

 




BEX Disclaimer- Kindly note that BINEX.TRADE do not ensure guaranteed returns on investments.
The default value of the BEX token is zero, while the speculative value is infinite.

 

BINEX.TRADE – Initial Coin Offering (ICO)

The ICO started on 9th March 2018 and will continue until 120 days from the date of issue or until the hard cap is achieved, whichever is earlier. 1 BEX = 1 US Dollar during crowdsale and the minimum contribution per buyer is 100 BEX with the maximum being 1000 BEX.

Wondering Why Is There an Upper Cap for Investment in BEX?

BINEX.TRADE has a revenue-sharing mechanism that requires participation from as many traders as possible to reap the maximum benefit on the exchange. To avoid unequal distribution of BEX and to ensure large participation during crowd sale, a limit of 1000 BEX has been set for the buyers.

Pre-Registration/ Referral /Ambassador/ Bonus Scheme

Out of the 21 Million tokens generated, 2 Million is reserved for the Pre-Registration/ Referral/ Ambassador bonus that will be offered to the Users.

BEX allotment for Pre-Registration Bonus Scheme:

First 60K Users – 5 BEX
Second 100K Users – 3 BEX
Third 400K Users – 1 BEX
Total Users – 560K

 

Highlights of BINEX.TRADE Platform

High-End Trading options

BINEX.TRADE provides high-end trading options like any real-time cryptocurrency exchange in the form of Margin Trading and Spot Trading. The user can open and close a position by entering the price and executing the transaction.

BINEX.TRADE Exchange also allows the user to open a position at a 2x to 3x leveraged amount in Margin Trading. The user can open the position by specifying the duration and rate at which they want to exit or close the position. The exchange also provides an automatic exit feature that closes the user position at the most efficient rate to prevent them from missing the opportunity.

Convenient and Quick Transactions

BINEX.TRADE allows the user to transact in Multiple Currency pairs. The primary pairs offered by BINEX.TRADE is a combination of any two of BTC, BCH (Bitcoin), LTC (Litecoin), XRP (Ripple), ETH (Ethereum), USDT (Tether) and BEX (Binex). This feature is set to revolutionize the trading pattern for cryptocurrencies. Moreover, BINEX.TRADE is backed by a power packed engine with a superior handling capacity for large volumes of trades and transactions on the Exchange. This provides for an efficient and quick user experience on the Exchange.

Secured and Risk-Free Exchange

BINEX.TRADE is designed to function on a multi-tier platform to provide high-end security. The platform ensures secured transaction with a two-level encryption which is at the database and API levels. The platform also provides enhanced security at the user level with Secured Login, Captcha, 2 Factor Authentication, Email Verification, Same Browser Login and Summary Page Approval. BINEX.TRADE ensures efficient management of market volatility to secure the interest of its traders thus eliminating the liquidity risk on the Exchange.

 

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC 
or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of 
any of the information supplied in Sponsored Stories/Press Releases such as this one.

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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