BITEX: A Crypto Currency Solution for Everyone

The financial sector is leading the way in block chain and digital assets in today's world whereby making the digital economy block chain technology keeps on developing in the way businesses are been handled. The use of Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies offering friction-less transactions and inflation control because of these, industries need to build bridge between traditional and emerging asset classes by making experiences traders to team up with experienced developers to build this bridge. With the introduction of Bitex, the need for approachable financial services for the cryptocurrency economy is becoming a reality. lets take a look at the video below.....

BITEX
Bitex is a localized crypto-banking services through their global platform to promote efficient growth across multiple continents. It is a decentralized platform that aims to be the first global crypto ban which enables consumers and merchants convert local fiat currency into over 500 currencies at reduced rate and quickly. The platform also offers users the opportunity to have their own personalized wallets and private keys that will not be shared with the platform.

GOAL
To provide a complete and vertically integrated service by realizing the best ideas from the entire blockchain community.

BITEX TOKEN
The token to be used by the Bitex crypto-bank is called Bitex Coin, with the symbol XBX. It will conform to the ERC-20token standard to permit integration with existing wallet and exchange software.

BITEX COIN
The XBX coin is the first of its kind, with secured liquidity and high security using ERC20 protocol. The Bitex Coin is a utility token that will be used by participants of the Bitex crypto-banking platform to pay for service provided by Bitex.

BLOCKCHAIN BANKING
Bitex is a network impactful bank meeting its reality worldwide money related network effectively. This "propounds the tasks and hyper-localized"(ico.bitex.global) for an all around characterized digital money saving money activities. The simplification is to make a dependable framework and adjust for clear ideological develop inciting and advancing blockchain keeping money development. This earnestly keeps up the effectiveness, adequacy and beneficial nature of the Bitex activities including the blockchain. See the video below

PRE-ICO
A pre-ICO phase will allow investors who have successfully completed the KYC/AML process to buy XBX tokens prior to the start of the ICO. The total amount of XBX tokens sold during this pre-ICO phase will be a maximum of 10% of the total amount of XBX tokens that can be issued. This phase will therefore be limited to the sale of a maximum of 30,000,000 XBX tokens.
The pre-ICO phase will begin at 12:00 PM GMT on May 8th 2018. All XBX tokens not sold during the pre-ICO will be made available to the pool of remaining tokens not issued and will be sold during the ICO.

ICO
A minimum of 180,000,000 XBX tokens plus the remaining tokens not sold in pre-ICO phase will be available for sale during the ICO phase. The ICO phase starting date will be no later than June 16th 2018, with the actual date announced once the pre-ICO phase has ended. Communication on the starting date will be done via our official website and related social media accounts.

POST-ICO
The tokens remaining unsold after the pre-ICO and ICO phases will be vested in a Bitex company account controlled by a smart contract. The smart contract will be programmed to release each month to the Bitex community 1⅔% of the total tokens initially held. The released tokens may be distributed through airdrops, bounty offerings, lottery, advertisements, or used for development, partnership and infrastructure as decided by the governance committee.

TOKEN DISTRIBUTION

The maximum number of XBX tokens that can be issued is limited to 300,000,000.

70% : Tokens issued will be sold during the pre-ICO and ICO phases to the public.

15% : Tokens issued will be held in reserve for use in future as decided by the governance committee.

9% : Tokens issued will be given to the founders and team members involved in developing the Bitex project.

3% : Tokens issued will be reserved for rewarding advisors whose continuous efforts have helped shape this project.

1.5% : Tokens issued will be used for marketing and advertising the Bitex cryptobank.

1.5% :Tokens issued will be used to reward participants through a bounty program.

POST-ICO FUNDS DISTRIBUTION

The funds raised from the sale of XBX tokens that take place during the pre-ICO and ICO phases will be used for the following purposes in the proportions shown:

● 47% : Ongoing development of the Bitex, EZBitex, and BitexPay platforms

● 17% : Registration fees, legal and accounting expenses for building franchises

● 13% : Marketing app physical locations (Kiosks and Retailers), the Web (through social media) and using cross-border payments partnerships

● 10% : Recruitment of a banking team with expertise in the financial industry

● 8% : Administrative expenses for running Bitex Global

● 5% : Development of Bitex-related apps and platforms supporting the future expansion of Bitex.

ICO Structure

Symbol: XBX

Token name: Bitex Coin

Total supply: 300,000,000 XBX

Soft-cap: 1,000,000 XBX

Hard-cap: None

Pre-ICO Token price:

0.5$ = 1 XBX

Cost of 1 token XBX:

$0.7 to $1.0 at end of token sale

ROADMAP

Q2 2017: Bitex Business project structure constructed

Q3 2017: Company registration and beginning of development. Work on:

Holding Wallet

XBX Token (ERC20 Protocol)

Trading Wallet and EZBitex platform

Mobile App (Android and iOS)

BitexPay and “Powered by Bitex” software kit

Q2 2018: Beta test and launch

EZBitex Platform V 1.0 with Trading wallet, Payment wallet and the Holding Wallet

Mobile App EZBitex

Upgrade of security structure and support center

Q3 2018: EZBitex Platform V 2.0 with BitexPay and Powered by Bitex & savings Wallet.

Bitex B2B and B2C payment platform and BitexPay Merchant App with GPS locator and BitexPay Merchant App Kiosk

Q4 2018: EZBitex Platform V 3.0 with Loan Wallet

BitexPay Module and POS

BitexPay API key develop and bug testing “Powered by Bitex” card

BitexPay API key release for corporate payments

Q1 2019: EZBitex Platform V 4.0 – API based card and its integration for POS (via Bitex API)

Q2 2019: BitexPay Escrow Account V 5.0 – payment Gateway implementation

MEET THE AMAZING TEAM BEHIND THIS PROJECT

For more information, please visit:

Website: https://ico.bitex.global/

Whitepaper: https://ico.bitex.global/docs/XBX-Token-WhitePaper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=3651047

Twitter: https://twitter.com/bitex_global

Telegram: https://t.me/joinchat/IV2i4Q6llH7ttm5n9hqT5g

Facebook : https://www.facebook.com/bitex.global/

Instagram: https://www.instagram.com/bitex.global

Author: Seunola
MyBitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETT Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9