Bistox is a new cryptocurrency exchange that claims to be one of the most advanced and safe exchanges in the market at the moment. It is powered by the NEM technology and is having an Initial Coin Offering (ICO) soon. To know more about it, read our review.
The project is not a mere cryptocurrency exchange, but a complex scalable platform with the deep-learning technology incorporated and partial decentralization on the basis of the NEM blockchain.
I. What Is Bistox?
This is a semi-decentralized crypto exchange that is aimed at traders which are in very different levels of their careers. Bistox has an engine that beginners can use without having any kind of trouble to understand trading and that veterans can explore to get more advantages when they need to trade.
Some of the key features of the company are how it offers pre-trade notifications and post-trade education by using a deep learning artificial neural network intelligence. Basically, this exchange will give you signals so you can know when you have to trade and you will be able to use it later to test your strategies using your historical data.
You can completely control your risk management by using this platform and can target news that interest you so can predict the market better, use a day to day learning algorithm and even come up with your own strategies based on the behavior of other traders that you can find on the internet.
1. The benefits Bistox brings to the user
a. Our technology improves the trading experience, with an incredibly fast order matching engine and high-end features
b. Well trained call center and customer support are at your service 24/7 along with world’s best internet security specialists
c. World’s most innovative private blockchain as a main structure chain
d. BISTOX is an advanced semi-centralized cryptocurrency exchange for traders with different level of knowledge
e. A brand new engine and the simplified interface allows integrating into a usage process quick and easy
1.1Team of Bistox
With many experienced teams in blockchain and cryptocurrency sectors.
II. The conclusion
Seven main competitive advantages of Bistox
1. Full transparency
All fees charged by Bistox, their amounts, calculation mechanisms and conditions will be published. No hidden payments, no surprises — every user will know in advance how much and for what he will have to pay.
Moreover, Bistox is working on the NEM blockchain, so all the actions of the exchange management will be saved and visible to the community, that eliminates the danger of manipulations.
2. Regular audit
The Bistox team did not stop only on the use of blockchain and the policy of transparent commissions. Every six months, one of the world’s largest audit companies (KPMG, PwC, Ernst and Young, Deloitte) will conduct an audit of the exchange and openly publish a report. And each time the audit will be carried out by a new company, so that auditors will, in fact, also check each other’s work.
3.Licensing
From today’s top five leaders among the cryptocurrency exchanges, only one is regulated in accordance with US law. The rest are not regulated at all. Bistox will undergo a full licensing process in several jurisdictions at once. Yes, clients will have to pass KYC and AML procedures, but regulators will ensure the maximum possible safety of their funds.
4. Partial decentralization
The use of the NEM blockchain and its Smart Asset technology base allows Bistox to combine the best features of decentralized and centralized cryptocurrency trading platforms.
Users will be able to make deals without transferring funds to the wallet of the exchange and retaining full control over them. However, the exchange will not be behind the best centralized platforms in speed — Bistox copes with 1.8 million transactions per second.
5. Available technical support
Cryptotraders are already accustomed to the fact that in case of problems, the support service of even the best exchanges answers the next day, if you are lucky. Often, communication with technical support is a fascinating adventure for several weeks with an uncertain outcome.
Bistox is one of the first (and the very first of the decentralized) trading platforms where the technical support work will be implemented in different languages 24 hours a day. It will be possible to contact the operators including by phone, which will allow you to receive answers to the most important questions immediately.
6. Social Trading
It is a unique mechanism that will allow experienced traders to obtain additional income, and beginners will be able to significantly improve their efficiency and learn from the best.
A top-trader will be able to publish a portfolio of his deals, and his “students” will be able to copy them in percentage terms. In this case, the “teacher” will receive some part of the commissions charged from his “students”, which guarantees the benefit for all the participants in the process.
7. Artificial Intelligence
The D.A.N.N.I. (Decentralized Artificial Neural Network Integration) is implemented into the Bistox platform. It is an artificial intelligence that works as an assistant and adviser to a trader. D.A.N.N.I. analyzes a huge mass of data related to the market situation and trader’s deals, adjusts to its trading style and provides analytics, recommendations and tips that are most relevant to a particular user. It can even try to keep the trader from making mistakes and losses from decisions made “on emotions.”
It is one thing when the cryptocurrency market is represented by closed companies which do not want to spill the beans to customers. But it is quite another thing when “the face of the industry” is a transparent, fast and convenient trading platform.
Thank you everyone for reading the post.
Hurry up because the upcoming ICO Bistox, who comes first served first.
Telegram Chat: https://t.me/Bistox
Telegram News channel: https://t.me/BistoxExchange
Twitter: https://twitter.com/BistoxExchange
Author: SanZoldyck
My BitCointalk profile: https://bitcointalk.org/index.php?action=profile;u=1045517;sa=summary
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