BitWinEx (BWC Token) Crypto Exchange Guarantees Asset Price Growth
The new BitWinEx exchange came into effect on July the 12th. The feature that sets BitWinEx apart from the rest is that asset price growth is programmed into the system by means of an Ethereum smart contract.
Since the expectations of quick profits by ICOs have fallen, the investment adventure has become a quiet and responsible affair. For someone to become a successful trader, the user needs to get involved in long projects, analyze the market in detail and monitor exchange rate fluctuations 24 hours a day. So much discipline has significantly reduced the frenzy of cryptocurrency trading that existed in 2017.
BitWinEx is a platform for trading virtual currencies. It has the ability to resolve the above points by simply programming the revenues of the traders using ETH's smart contract.
For example, in the BitWinEx exchange the cost of each currency is determined by a smart contract, and doubled for successive buyers. Another important feature is that it has no internal wallet. BitWinEx does not require a deposit and does not store users’ funds. All transactions pass directly through an external MetaMask wallet.
After the issuance of a BitWinEx coin, price increases occur in five levels. At the initial levels, a coin dealer receives a profit of 50% of the price he paid. After completing all five levels, trading stops and BitWinEx buys back the currency. Currency repurchases are made on a daily basis and are managed through a smart contract. Every transaction in the system replenishes the currency buyback fund.
Like user funds, which are stored in their own wallets, buy-back money does not belong on the exchange. Instead, it is stored in an external smart contract. This prevents abuse and ensures that the exchange works transparently for everyone.
Organizing the work in this way helps to attract new users to the project and motivates them to keep the assets until they reach the final price, where the platform buys the assets. In addition, the project has a permanent referral program that is not limited in time: anyone who refers a friend receives 3% of each transaction conducted by the friend.
Selling coins is not the only way to make money. Once a day, a separate bonus fund is distributed to the top 100 users who have BitWinEx coins that have not yet been bought back. The fund receives 10% of each transaction.
However, it should be noted that trading will start on the BitWinEx exchange after the first 25,000 users have registered. Later, in the second stage of the project roadmap, the exchange plans to launch its own BWC token. Its price will be fixed at 1 ETH. The value of the token will be supported by demand on the exchange and a P2P exchange.
All Users Who Trade In The First Stage Will Have The BWC Tokens Deposited In Their Wallets For Free.
And during the third stage, the BWC's exchange rate will be determined by market mechanisms: the balance between supply and demand, and exchange will support the ability to use trust money to pay off assets.
The developers believe that by then the platform will have a significant audience, high capitalization and well-established mechanisms to attract trust money.