EXECUTIVE SUMMARY
Forex trading is one a huge market that has been transformed by the internet over the past three decades. Centralized exchanges have a number of flaws. Over $1 billion worth of crypto assets have been hacked & stolen from centralized exchanges in 2018 alone. Some of the notable benefits include: affiliate program, anonymity of transfers, operation in 24/7 system, investments in digital currencies, irreversibility of the transactions, the deflationary nature of the digital currency, and decentralization & the speed of currency transfers. Hitmex Exchange is going to introduce our own token on Hitmex Exchange with the name BMEX. We are going to do IEO (initial exchange offering) for BMEX on our exchange too. This is not just another cryptocurrency exchange because we have got a unique business model.
HITMEX is the world class blockchain asset exchange with super high performance order matching engine. It is a next generation crypto asset trading platform which aims to support highly leverage and support assets swap of up to $1,000,000 USD per transaction. This white paper sheds light on Hitmex Exchange and its BMEX Token that is going to be launched in very soon. Continue reading to know why you should invest in this profitable exchange and token.
FLAWS IN CENTRALIZED EXCHANGES
There are a number of issues centralized and decentralized exchanges have at the moment. The future belongs to decentralized exchanges that are able to solve those flaws. Forex trading is one a huge market that has been transformed by the internet over the past three decades. Centralized exchanges have a number of flaws. There are many security flaws, hacks, and scams that have plagued the crypto-sphere for the past decade, and unfortunately, there have already been a few high profile incidents 2018 Centralized wallets are increasingly large honeypots. Millions of people could lose not just their identity and data handed over to centralized exchanges, but their money as well.
Over $1 billion worth of crypto assets have been hacked & stolen from centralized exchanges in 2018 alone. Lack of security safeguards and regulatory oversight There is a lack of diversified crypto investment products. Rampant greed is risky and harmful for the investors. There are many other flaws that discourage investors.
INTRODUCING HITMEX EXCHANGE
Hitmex Exchange aims at overcoming all flaws in centralized and decentralized crypto exchanges. We have solved the main issues and aim at solving the rest in the future. Hitmex Exchange is going to introduce our own token on Hitmex Exchange with the name BMEX. We are going to do IEO (initial exchange offering) for BMEX on our exchange too. HITMEX is the world class blockchain asset exchange with super high performance order matching engine.
In fact, it is a next generation crypto asset trading platform which aims to support highly leverage and support assets swap of up to $1,000,000 USD per transaction. BMEX is a token that issued by HITMEX exchange and it will be used to process payments worldwide, pay dividends on HITMEX EXCHANGE, pay for transactions fee, and used for voting rights on HITMEX EXCHANGE.
BMEX uses peer-to-peer technology to operate with no central authority or banks. Here are some of the advantages our members are going to enjoy:
- Fast peer-to-peer transactions
- Worldwide payments
- Low processing fees
- No central authority or banks
- Backed by Ethereum blockchain
- CONTRACT ADDRESS : 0x1dd58E6a7ABaaAcFAa925Abd0AcCbE2a4FB2EDAd
- COLD STORAGE WALLET FOR ALL USERS ON HITMEX EXCHANGE : HITMEX aims to use cold storage wallet on all exchange wallets. All users address will be changed to cold storage addresses to ensure total privacy.
- FUNDS STORAGE : HITMEX will safely storage 90% of its total funds in Cold Storage Wallets outside exchange.
- SAFU FUNDS : HITMEX will create insurance funds. 10% of our total revenue will be stored safely in cold storage wallets and used as an insurance funds to ensure no single user will lose the funds in case of hacking or something unexpected happens.
REFERRAL PROGRAM
Hitmex referral program pay 25% commission fee per trade. Some of its features have been enlisted below:
- Voting
- Launchpad
- Limit order
- Market order
- Stop-limit order
We also conducting IEO on our exchange Launchpad to rise the fund for project development. You can read more about Hitmex Exchange and BMEX token here: https://hitmex.io/
WHY CHOOSE BMEX TOKEN
Hitmex Exchange aims at revolutionizing the way people trade currencies. We want to help people take control of their investment. Our main goal is to make people earn more than that of other available options. Some of the notable benefits include:
- Affiliate program helps you earn more.
- Anonymity of transfers make system secure.
- Operation in 24/7 system accessible at anytime.
- Investments in digital currencies has become easy.
- Irreversibility of the transactions gives you piece of mind.
- The deflationary nature of the digital currency is a key feature.
- Decentralization and the speed of currency transfers is matchless.
TOKENOMICS
BMEX token is a unique utility token that makes it easy for people to invest and earn. Here are some basic details about BMEX token:
- Name: The name of the token is "HITMEX Token"
- Symbol: The symbol of the token is "BMEX"
- Decimals: The decimals of the token are "18"
- Circulation Supply: Circulation supply of the token is going to be 750 million or 750,000,000
- Max Supply: Maximum supply of the token is going to be one billion or 1,000,000,000
- Total Supply: Maximum supply of the token is going to be one billion or 1,000,000,000
REFERENCES
1. It’s time to address the massive problems of centralized exchanges. Hackernoon.com. November 28, 2018: https://hackernoon.com/itstime-to-address-the-massive-problems-of-centralized-exchangesac2cfb66bef8
2. Cryptocurrency Exchange. Techopedia.com: https://www.techopedia.com/definition/33372/cryptocurrencyexchange
3. The benefits of cryptocurrency trading. IG.com. www.ig.com/en/cryptocurrency-trading/benefits-of-cryptocurrencytrading
ACCURATE INFORMATION
- Website : https://hitmex.io/
- Whitepaper : https://hitmex.io/Public/Hitmex_Exchange_White_Paper.pdf
- Facebook : https://facebook.com/HitmexExchange/
- Twitter : https://twitter.com/hitmexexchange
- Telegram : http://t.me/HitMexExchange
- Instagram : https://www.instagram.com/hitmexexchange/
- Ann bounty Thread : https://bitcointalk.org/index.php?topic=5226883.0
Author: ToTheMooons
My BitCointalk profile: https://bitcointalk.org/index.php?action=profile;u=2769737;sa=summary
My BMEX Address: 0xc7edc7975d90b726ca67ebaccbb1b5b6d1ecd48d
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HITMEX EXCHANGE - The Exchange of Value & Sharing Decentralized Economy
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