About BitWin Crypto Exchange
BWEX is a tokenized exchange platform that works on a decentralized network. The business model of the company is based on the idea that by taking a very small fee of 0.1% by each transaction made on the network, BWEX will be able to get larger trader volumes, which will make the company more profitable and more attractive to users.
The company’s goal is to be able to get a daily trading volume of more than 500 million USD, which would make the company get more than 500,000 USD per day. This way, BWEX intends to rise and become one of the most profitable exchanges in the cryptocurrency market.
The crypto community is huge and BWEX knows that having a good service is half of the way to get success in this industry that is, unfortunately, full of scams and services that are bad. Because of this, the pillar of the company’s success will be a combination between very small fees and amazing service.
BitWin Crypto Exchange Features
Obviously, the company would not have much success if it did not have a lot of interesting features that would keep the users on the platform. Not only BitWin Crypto Exchange will have low fees, but also the ability of covering million of transactions per second (or it would have scalability problems as the platform would start to grow), security, privacy for your data and a great interface.
Other features include 24/7 support and 40% of the company’s profits going to the token holders, as well as a simple API that can be used for integration in other systems and zero confirmation time because speed is always important. It does look like a good platform indeed.
During registration, every user has to make its own profile by passing a KYC test. This is made to ensure the safety of the network because people who are not whitelisted will not be able to use the service.
Withdraws will be almost instantaneous and the exchange will offer many perks and options for its users.
BWEX Team And Partners
The company was made from developers mostly from Asia who were interested in entering in the cryptocurrency market. The CEO and founder of the company is a developer by the name of Oong Yung Chen. He’s aided by Umar Shafiq (COO), Joe Ramdan (media lead and also co-founder with Chen) and Alex Aspra (another co-founder and software lead).
BWEX has also other important members like Brian Zermeno (blockchain lead), Hari Yono (finance lead), Nikita Alexandar (senior developer), Rodrigo Freitas (marketing lead) and Ari Armanda (frontend developer).
BitWin Crypto Exchange ICO (BWC Token) Details
- Symbol = BWC
- Total Supply = 25,000,000
- Pre-Launch Dates
- Opened – January 1, 2018
- Closed – January 15, 2018
- Pre-ICO Dates
- Opened – February 1, 2018
- Closed – February 28, 2018
- ICO Dates
- Opened – March 1, 2018
- ICO will close once they reach Hard Cap
The BWEX Conclusion
The Initial Coin Offering (ICO) of this company was some time ago, so, unfortunately, there is no way to invest in BWEX right now. Even with this small problem, you can still use the platform if you want.
The platform does look somewhat interesting because of its small fees that can be a great incentive for you to start investing using this company. On the other hand, new exchanges are more prone to bugs and problems, so you have to take that into account as well. We can say that BitWin Crypto Exchange might not be an excellent option but it is far from a bad one.