Continuing momentum towards its token sale, tokenized exchange platform, BINEX.TRADE, has unveiled a new interface for users. The intuitive and easy-to-use interface embodies the company’s commitment to simplifying cryptocurrency exchange and eliminating the barriers to entry for both beginner and professional traders.
For all its disintermediated and decentralized benefits, exchanging cryptocurrency has been dogged by hacks, scams, and other security concerns. There have also been stories of obtuse interfaces leading to substantial losses to traders unable to interpret the information presented to them.
Built for simplicity and based on a harmonizing philosophy,
BINEX.TRADE is reinventing the cryptocurrency exchange. The all-encompassing platform harmonises a trending and informative news section with an interactive communication channel through social network to enable users to capture market sentiments regarding major cryptocurrencies. This allows users, from novice to seasoned traders, to make informed decisions, analyse market movement and capitalize on opportunities in real-time.
The improved user interface is a single window gateway to vital market information for all traders including; market summary, news and value change, trending value, balance and trades, types of order, buy and sell history, and trading volume. Currencies on the platform will be paired with BTC, ETH, USD and BEX.
BINEX.TRADE’s UI comes in two versions to cater to professional and casual trading needs; Basic and Advanced. Basic is streamlined for a “no-fuss-no-frill” approach to trading, while the Advanced version provides experienced traders with in-depth market tools to suit their trading needs and requirements.
At the heart of BINEX.TRADE is its utility token, BEX. BEX is a decentralized utility token entitling its holder to 70% of all daily revenue realized on the platform. Revenues are distributed through a system that takes a complete snapshot of all BEX tokens in users’ wallet at a specific time daily and assign stakes to the revenue generated based on the amount of tokens held in the wallet. These ERC20 tokens can also be used to exchange products and services, and transact them give utility use to them.
BINEX.TRADE Token Generation Event began on March 9th and is currently in its pre-registration phase. 21 million BEX tokens have been minted for the TGE, out of which 1 million has been earmarked for pre-registration distribution. Pre-registration phase enables contributors to acquire BEX tokens through ETH, while granting every registered users 5 BEX upon registration confirmation. Pre-registration also enhance the user’s opportunity to get in early on this groundbreaking exchange at launch.
19,000,000 BEX will be on offer throughout the TGE.
BINEX.TRADE provides space for immediate buying and selling of cryptocurrency once spotted to be favourable for the user to either sell or buy. This is one of the simple order types and has no control over the price received. In other conditions of less immediacy, the user can use limit order type. This will allow the trade user to have control over the price at which the trade takes place, thereby giving the user an edge to sell or buy the cryptocurrency at no less than a specific price.
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