What Is BCoin?

BCOIN is a platform that seeks to provide all cryptocurrency services for the new tokenized economy. In addition to its already existing exchange platform, which comprises of cryptocurrency Trading, OTC services and Fiat-Crypto Trading, and well established mining facilities, its aim is to expand its range of products and be all inclusive in providing a one-stop solution for all players in the economy for both innovators and investors.

The services provided include:

The platform is powered by a proprietary and high performance-matching engine that ensures there is a high transaction throughput with a millisecond latency performance. This is made possible by an intelligent matching algorithm and a unique order management service, thus ensuring secure settlement as well as best matches metrics.

The platform entails a multi-currency wallet that is used to cater for mobility and ensure ease of use. The architecture of the wallet incorporates both banking and industry standards as well as storage systems with multi-layered encryption that is unique for each of the digital asset. The wallet provides a variety of services accessible through a single interface that include secure cryptocurrency storage, Token sale participation, and access to the exchange.

The goal of BCOIN is to leverage on the already existing traditional payment channels. It seeks to integrate cryptocurrencies by use of an Internet Payment Gateway (IPG) provider that is referred to as MPay and is based in Malaysia. The platform is also working with an Electronic Money Institution (EMI) based in the Philippines in order to further advance its e-payment capabilities. This makes the spending of cryptocurrency easy and very fast.

The platform's liquidity is in support by mining operations that are in Georgia, Houston, and Ontario. Exchanges that are supported by mining capabilities are key in providing for the need of liquidity in the world of cryptocurrency.

BCOIN uses tripartite hosting, banking level encryption, and multicluster and multilayer systems architecture in order to ensure the financial security and reliability of the platform. In order for users to be accessible to the cold wallet reserve, they need a simultaneous authorization in three geolocations.

The platform's aim is to lower the barriers to entry through the provision of a multi-language support on its trading platform as well as on the customer service and community channels on each of the trading hubs in its native language. Queries are also addressed immediately on the social media forums of the platform.

The BCOIN token (BCT) is the platform's utility token built on the ERC20 standard. Users of the platform can use the BCT tokens instead of fees and thereby get discounts of up to 30% on each of the trading fees as well as additional membership benefits of up to 30% off on the trading fees. The tokens grant members community participation in the polling events and the platform's private Listings Club. The BTC tokens also serve as means of payment for the listing services.

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