SOURCE
As we know, every blockchain project seeks to solve some problems we encounter in the real or virtual world. Bitozz is a startup crypto exchange which aim is to resolve some of the issues crypto users encounter currently in exchanges. Oh yes, I believe some of these challenges are very familiar to us crypto users. The fact is that these challenges we encounter in these exchanges kind of make it difficult for us users to trade easily on those platforms and maximize profits from our investments be it regular trading or margin trading that we engage in on those platforms.
Some of the challenges we commonly face include the absence of leverage trading options in virtually all exchanges. That is, the exchanges do not make provisions for trading of futures and options which are also forms of crypto assets. Also, the ‘limit’ and ‘market’ order types we have in exchanges currently do not favour traders somehow as they have limitations to how traders should set their orders. Coupled with these is the high lending cost on those platforms that support margin trading. These all combine to constitute hurdles for traders and make trading a difficult experience.
Bitozz seeks to tackle these challenges by offering a trading platform with a number of options that would make it possible for users to trade happily and with ease. The platform has advanced order types that offer algorithmic trading for users of all types and classes – both professionals and newbies alike. Unlike most exchanges that charge exorbitant costs for margin trading on users (determined by the period of the loans), bitozz exchange will charge only a one-time fee on users based on their margin positions or loans. Also, bitozz platform will offer users more opportunities as they would be able to trade on different kinds of crypto assets on the one platform.
These are some of the problems bitozz is set to solve in crypto trading sphere and I would advise you watch out for the platform launch.
More information on bitozz exchange can be found on their website here: https://bitozz.com
And whitepaper: https://bitozz.com/pdf/Bitozz_Exchange_White_Paper.pdf
References
Username for bounty0x: marthahunter