As the world of Cryptocurrency increases, there is a need for adequate tools to simplify transactions between investors. Birake comes to offer Cryptocurrency users and stakeholders the much-needed exchange network platform, with the flexibility of participating in innovative activities to build their trading platforms with ease. The platform runs on a decentralized blockchain to meet the security and privacy of its users.
How Does Birake Work?
According to the information on the white paper, the platform works to benefit both website developers and their users. For the website owners, the get access to a fully functional site that is ready for use right from the start. The sites will have full orders and transactions to help in the kick-starting procedure. On the other hand, users become part of an ecosystem with competitive deals, low transaction costs, rewards and even bounty programs.
However, for this to happen all domain owners have to purchase BIR tokens through one of the Birake packages. The tokens act as the payment models for the usable platforms. After you buy a domain and own a website, you get the rights to customize it according to your taste and even set the applicable fees onboard. Afterward, you work on bringing new users to your platform, who will in return start conducting trading activities with the Birake Network with other registered users.
The distribution of profits between the Birake Company and the various website owners largely depends on their first packages. As such website owners, who can be ICO or Cryptocurrency powders, have to work hard to promote their websites to receive a substantial income.
As we mentioned earlier on, site owners get to customize and personalize them to suit the Cryptocurrency exchange entity of their choice. So you have the liberty to do what you want, without external pressure/influence. Also, the primary Birake platform comes with an inbuilt tracking fees system that would help in tracking all ecosystem orders. The tracker has the capability to calculate the necessary fees on different platforms, thus ensuring there is no manipulation in income generation.
Additionally, as a user on the platform and whichever website you choose to work with, you get the opportunity to receive frequent updates on your existing orders, transaction history, and the current product/services prices on the trading platform. Through this, you get to make appropriate decisions on the best investment/transaction time. Users also get a cushion against scamming activities with the 2-factor authentication measures, IP detection means, and timely email confirmations. Therefore, you get peace of mind knowing your account details receive proper protection.
Furthermore, the system offers website owners the flexibility to create a given percentage of the referral program, which they will individually follow.
Why Should I join Birake?
The platform is an excellent example of a tenant landowner site that needs investors with a good understanding of their line of business. Therefore, we feel that this is a little complex for beginners who are yet to learn much about the Crypto industry. Also, since your income depends on the users you bring on board, there is no guarantee on your investment.
The Birake Company promises to offer a decentralized platform for the exchange needs of interested Cryptocurrency traders. Overall, the site seems trustworthy with enough information for interested parties. However, we feel the business model is more suitable for experienced users.