What Is Buzzex?
Buzzex is a global cryptocurrency trading platform that seeks to create a fast and secure exchange managed by thousands of crypto enthusiasts and traders using the platform, which will in turn result in a crypto exchange platform by traders and for traders. It will benefit the entire crypto community.
Buzzex utilizes global ambassadors as well as cryptocurrency and blockchain experts to ensure that cryptocurrencies are accessible from anywhere in the world in order to grow the cryptocurrency ecosystem.
Buzzex has a unique system integrated with numerous features that ensure power remains with the users of the platform while simultaneously enabling the users make smart trading decisions, reduce their costs, and maximize their profits on every trade carried out. Traders on Buzzex will also have access to over 100 coins and markets where they can trade or exchange their cryptocurrencies.
How Buzzex Cryptocurrency Exchange Works
Most of the exchanges in the market today rely on isolated liquidity sources; however, in order for Buzzex to display some of the best orders from its order book and other liquidity sources, Buzzex utilizes the smart order routing system, which guarantees liquidity to all the traders.
Increased liquidity enables traders to make more profits since they are able to acquire the best prices for buying or selling their cryptocurrencies. More liquidity sources also means that orders are executed more quickly on the platform.
Buzzex features an Arbitrage Plugin whose main purpose will be to allow qualifying traders with coins in their Buzzex wallets to automatically grow their coins. The plugin operates on the Buzzex Global Order Book, which connects multiple order books from various exchanges and the Buzzex order book into a single order book.
Buzzex Arbitrage Plugin analyzes data on behalf of the trader and carries out trades on multiple exchanges, thus earning the traders risk free profits. The profits received by the traders are determined by the amount of coins they hold in their Buzzex wallet.
Buzzex Coins are the platform’s utility coins. Traders holding the coins in their wallets will receive 100% discount on all trading fees and earn a percentage of the daily trading fees generated by the platform in form of Bitcoin or Ethereum. Furthermore, holders of the coins will have voting rights to determine coins that should be added on the platform.
All the coins listed on Buzzex will have trading competitions where traders can participate for a chance to earn cryptocurrencies. Traders with the highest trading volume for each coin win 20,000 BZX coins and receive trading discounts.
The Buzzex blockchain is designed to confirm transactions in less than one minute and most of the times the transactions on the platform are carried out in seconds.
Traders setting up masternodes will receive 60% of the mining rewards for assisting in the verification of Buzzex Coins transactions while traders that hold BZX in offline crypto wallets receive daily mining rewards for securing the Buzzex network.
Buzzex does not control or manage the platform; instead, the traders and crypto enthusiasts on Buzzex vote on coins that should be listed on the exchange while earning rewards, which will grow the Buzzex ecosystem.