Blockport BPT ICO: Decentralized Cryptocurrency Exchange?
When Satoshi Nakamoto launched the now famous Bitcoin white paper, he envisioned a peer-to-peer ecosystem where users could freely transact without interference from intermediaries. Nothing has been the same since, as his discovery set a worldwide precedent. Cryptocurrencies have given rise to an efficient, transparent, and decentralized financial platform.
A decade after the inauguration of Bitcoin, the decentralization is yet to be fully realized. Big players in cryptocurrency exchange such as Kraken and Coinbase still operate on a centralized foundation. Users of this network enjoy the effectiveness of blockchain-based transactions, but are locked out of unfettered decentralization. Furthermore, the complex nature of these exchanges is unfriendly to laypeople.
Having noticed these shortcomings, Blockport BPT came up with a strategic solution that addresses these issues holistically. Their platform is simplified, making it accessible even to beginners.
By bridging the gap between professional traders and normal individuals, Blockport aims to promote mass adoption of virtual currencies as a form of investment. They plan to achieve this through offering an intuitive learning experience to interested parties.
Problems Solved By The Blockport Platform
Despite the mania around digital currencies, they still face liquidity challenges. The trades’ volumes are going up by the day, but there is still a long way off the conventional markets. This is because the overall value of the cryptocurrency asset class is still finding its feet.
Moreover, this is further propelled by the glaring disparities in pricing of similar virtual currencies by various exchanges. Blockport will promote liquidity by aggregating liquidity across public exchanges as well as settling the transactions within every specific exchange.
Security has for long been the Holy Grail for most financial systems. With centralized exchanges, users' assets are exposed to fraud. In decentralized platforms, malice is non-existent, but the liquidity is appalling. Blockport plans to achieve a trade-off by implementing a hybrid system that uses decentralization to fend off any malpractice and centralization to uphold liquidity.
Lack of consensus among popular cryptocurrency exchanges is certainly the cause of differences in pricing of digital currencies. Albeit inadvertently, this trend reduces the public's trust in crypto assets. Through continuous analysis of market values, Blockport aims to win the public trust and thus promote the acceptance of digital assets.
Navigating through an exchange's UI can be a challenge, especially to a greenhorn. Majority of these sites are made for experts, a culture that turns away newbies. Blockport is seeking to change the norm by developing a user-friendly ecosystem that will be open to everyone.
Blockport Token (BPT)
The BPT is an Ethereum based utility token that acts as the principal means of exchange in the Blockport ecosystem.
Blockport BPT ICO
The company's objective is to raise €10 million through the conduction of a public token sale. Only Ethereum will be eligible, and unsold tokens by the end of the stipulated trade period will be destroyed.
During the Crowdsale
- A total of 69.44 million BPT will be minted.
- 4% will be allocated to the public sale.
- 3% will go to the top brass and start-up investors.
- 10% will remain in the reserves.
- 3% will fund third-party services