Bistox Cryptocurrency Exchange (BSX Token): NEM Powered Trading Platform?
Bistox is a new cryptocurrency exchange that claims to be one of the most sophisticated and safe exchanges on the market today. This is supported by NEM technology and has an Initial Coin Offering (ICO) soon. To find out more about that, read our review.
[Is that Bistox?]
This is a crypto semi-decentralized exchange aimed at traders who are at very different levels in their careers. Bistox has a machine that no beginners can use to understand trade and veterans can explore it to get more profit when they need to trade.
Some of the key features of the company are how it offers pre-trade notification and post-trade education using deep learning neural network intelligence. Basically, this exchange will give you a signal so you can find out when you have to trade and you will be able to use it later to test your strategy using your historical data.
You can fully control your risk management by using this platform and can target the news you are interested in so that you can better predict the market, use everyday learning algorithms and even come up with your own strategies based on the behavior of other traders that you can find on the internet.
[Bistox BSX Token Sale]
The company currently sells its BSX tokens. 55% of them will be sold in sales, while 5% will be a gift, 10% will be advisory, 20% will go to the team and 10% will be in reserve. Soft lid from sales will be 5 million USD with a hard cap of 25 million USD.
30% of the money will be used in research and development, 25% in marketing, 15% in administration and support, 15% as reserve funds and 5% in legal fees.
The BSX token will represent the user's assets in the NEM blockchain and you will be able to use BSX to pay recording fees, trade on the platform, withdraw your profits or as a margin trading fee.
The company currently has private sales, which will be completed in August. Only accredited investors, strategic partners , and investment funds that can participate in this phase, which has a maximum limit of 5 million USD and the minimum limit of $ 100,000 USD per investor and a bonus of 30% on the price.
Pre-sale Bistox will have a 15% bonus and this phase will begin on September 9th.You must be whitelisted through the Know Your Customer process to be able to invest in this phase and you will get a 15% bonus when buying tokens. You must get at least 5 ETH in tokens and a maximum of 25 ETH. This phase will end on October 5 and will also have a hard cap of $ 5 million USD.
Finally, there is a public sale of BSX tokens, which will have a hard cap of $ 15 million USD and a minimum limit of 0.1 ETH per person but no discount when you buy a token. This last phase will begin on October 10 and will last until November 9. You also have to pass the KYC white list to invest.
The launch of testnet exchange will take place on 10 October, because public sales are launched, and Alpha launches will take place on 30 October. Finally, there will be airdrops on November 14 and tokens will be audited. The Beta launch will take place on November 29th.
[Bistox decision]
This doesn't seem like a big investment. Although this project promises a lot of things, it doesn't look serious. You just need to see how the site is full of incomplete parts and that there are bugs and no information about many important aspects to know that it's just a bad idea to invest your money in Bistox.
Also, he did not even state who people worked in the company, which often became big red flags. You have to find a stable and promising platform, so avoid this one.
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