The foreign exchange market is one of the most widely adopted initiatives in human civilization. Forex may be defined as the system by which currency is exchanged for another; enables international transactions to take place. Individuals and firms (brokers, traders etc.) who are directly engaged in direct transactions, slow services, and several others erupted in the market. It's quite unfortunate these problems have not been given any heed till date. Having this problem at hand, FxPay Inc. team aims to strategically reduce the risk for brokers and traders. They focus on utilizing the Ethereum blockchain technology to help achieve their ultimate goal.
ABOUT FXPAY
Since the introduction of the digital currency known as cryptocurrency, many individuals and investors have embraced it because of its features. Considering that a large number of individuals are involved in bitterness with cryptographic money and there are also a large number of crypto clients who are developing and financial specialists who have emerged to exchange their digital resources. Crytocurrency trading is not as simple as ABC; only at every level of learning will not do tricks to do well in successful forex showcases.
Crypto exchange action is commonly known as a very complicated process so brokers and other crypto clients need a framework that will control them as they approach the exchange movement. Nonetheless, given the significant difficulties faced by speculators and brokers at present, exit plans are proposed to reduce hazards in exchange and increase exchange rates in complex forex exhibitions. This assistance can be entirely on a platform called FXPay. In the arrangement, the proposed arrangement is the FXPay platform.
AIM
FXPay aims to set up a worldwide system for the collection of crypto traders and intermediaries in crypto networks. This means creating a sophisticated space that is very helpful to fulfill the desires of neglected brokers and crypto clients.
FXPay's duties focus on traders in the forex market and try to provide them with a fast and very reasonable exchange rate. This will thus be achieved utilizing the latest advances in computer innovation. Therefore, there are arrangements for prizes at every one of the client's speculations at this stage, that is, all financial specialist businesses in this business will be increased by the size of the reward FXPay has appointed them.
THE PROBLEMS
In today's sophisticated networks, many forms of exchange are very unpredictable and most of them are unsuccessful for dealers, so they cannot complete a large amount of their business or exchange programs.
This problem has affected specialists and made them contradict each other in forex advertising. The cost of exchanges also related to various business opportunities has made many financial specialists overwhelmed from this open door because they see how destroying it will spend a very large amount on the extraordinary exchange costs and its impact on their speculation.
The transaction process in the forex market has proven to be less effective, complicated and also faces the problem of lack of consistency about brokers. Let us look at some major problems that hinder the extraordinary performance expected from the foreign exchange market.
The issue of transaction costs is something that cannot get out of the list. Individual traders are required to pay exchange fees ranging from 5-7% of the total number of transactions. This has created a barrier that prevents novice traders from entering the market and also contributes to the nature of the market that is not attractive to potential investors.
Brokers are also charged between 5-7% when transacting with liquidity providers. A large brokerage platform with a large number of investors is spending a lot of money on unnecessary costs which I don't think is the best. The integration of the foreign exchange market makes the money exchange process take several days.
SOLUTIONS
FXPay will increase the innovation of the blockchain to understand the issues mentioned earlier, the market will be properly managed by rebuilding effectiveness in every exercise carried out in forex advertising. Moreover, this will allow the transformation of typical guardian money into FXP Tokens from this task at normal costs.
This will be part of the strengths that will be appreciated by specialists and financial agents as supporters of this business.
FEATURES
Utilizing blockchain innovation in Forex ads, the FXPay platform will have the capacity to take care of wasteful issues on the market, which until now have no arrangements. Most importantly by offering advances to traders and brokers, FXPay provides normal fees, which can easily convert cash into FXP tokens. Traders will later have the opportunity to use Forex credit to take part in the market. More data can definitely be found on the organization's website and analyze special documentation.
SYSTEM
TOKEN
FXPay group believes that it can reduce danger wisely and increase exchange rates in Forex ads by using FXP tokens specifically, that is the ERC20 standard, considering Blockchain Ethereum innovation.
There will be a prize opportunity to get extra credit prizes for every speculation. Credit to be obtained from forex will be used explicitly on the market by forex traders and financial specialists to achieve proficiency in exchange.
TOKEN DETAILS
Ticker Symbol: FXP
Token Protocol: FXP is issued and operated under the ERC20 infrastructure.
Total Supply: 500,000,000 FXP TOKENS
Pre-Sales Period:
first stage - $ 0.75 (prize 15%)
Stage 2 - $ 0.85 (12% Bonus)
Stage 3 - $ 0.95 (10% Bonus)
Stage 4 - $ 1.05 (Bonus 9.5%)
Stage 5 - $ 1.15 (Bonus 9%)
Open agreement time:
Stage 1 - $ 1.25 (Bonus 8.5%)
Stage 2 - $ 1.35 (8%)
Stage 3 - $ 1.45 (7%)
Stage 4 - $ 1.5 (6.5%)
Stage 5 - $ 1.55 (6%)
Stage 6 - $ 1.6 (5%)
The combined number of issued tokens: 500,000,000 FXP
Adequate monetary forms: Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Tether (USDT), Tron (TRX), Happy coin (HPC)
TOKEN ALLOCATION
ROADMAP
TEAM
CONCLUSION
The FXPay stage is expected to create an extensive and pleasant global network at an advanced level that is made to overcome the problem of Forex traders and brokers. At the FXPay stage, accentuation will be assigned to specialists who need other methods to complete the transaction, cheaper and faster.
For more detailed information, visit the link below!
Website: https://fxpay.io/
BTT ANN Thread: https://bitcointalk.org/index.php?topic=3851151
Bounty: https://bitcointalk.org/index.php?topic=4808508.0
Whitepaper: https://fxpay.io/pdf/FXPAY_V.1.4.pdf
Facebook: https://www.facebook.com/fxpayglobal
Telegram: https://t.me/fxpayglobal3
Twitter: https://twitter.com/fxpayglobal
Medium: https://medium.com/@fxpay
Reddit: https://www.reddit.com/r/FXPayGlobal/
LinkedIn: https://www.linkedin.com/company/fxpay/
Author: Ahmad Hidayat
Bitcointalk Username: ahmadhidayat27
Telegram: https://t.me/ahmad_hidayat27
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1125575
ETH Address: 0x95afD6422538c5c9AbF6C7fF4Ec5c45281bD545B