Introduced as a decentralized financial ecosystem created at the core of proprietary technology, The BridgeX Network is designed to connect the world of crypto and fiat. This platform will offer credit, payment and decentralized solutions between fiat and crypto currencies. That's how this platform will promote unparalleled interoperability.
BridgeX Network will showcase a highly feature and sophisticated platform for traditional financial institutions and fintech-blockchain so that they can become part of the new economy. Third-party distributed applications can also work on the BridgeX Network and serve participants for their demands related to crypto and currency.
This platform offers decentralized solutions for credit, conversion of crypto to fiat, and payments. The BridgeX network will basically allow Crypto to be fully decentralized for fiat currency conversion, and crypto-to-crypto guarantee currency loans. This will also make cross-border payments easier for all investors.
BridgeX Network Problems want to complete?
Crypto industry has grown quite rapidly in recent years. Although more and more investors are increasingly interested in the crypto market, it is still not as popular as fiat currencies. Banknotes hold instruments for loan collateral and most transactions occur throughout the world. Just like investors in traditional exchanges, crypto traders often need two important things:
- Real-world cash flows
- Global payments
BridgeX Network Innovation
This will consist of several subsystems. Each system will be responsible for the individual processes that occur on the platform and so on. The process includes various SCs, which describe detailed conditions for interactions between all layers.
BridgeX Core is a major part of this technology. It is designed to interact and process all smart contracts and the interaction process with the borrowing system.
BRIDGEPay: a module designed to handle payments and transactions, and track loan history and provide tools for interaction.
The third module is BridgeLoan, which will provide real loans in cryptocurrency through interaction with traditional banks.
The BridgePay module can be divided into two parts: BridgeConvert and BridgeSEND. Its main function is to change the currency pair. At present, 30 fiat currencies are supported, and operations can be carried out from more than 180 countries.
BridgeX Network Structure:
BridgeX Core is the core at Ethereum with smart contracts that process all types of transactions on the platform (credit, conversion, payment). Such an infrastructure in which startup financial products will be based.
The main module is BridgePay - the team has been working on it since Q1 2018.
BridgeX Platform, which consists of the BridgeLoan Marketplace (loans) and BridgeConvert and BridgeSend modules (respectively, currency exchange and transfer). The last two are part of BridgePay.
Yes, this is what BridgeX Network has a slightly confusing structure - it's best to study it visually. Startups, incidentally, promised to launch support for 30 popular "fiat" currencies and the ability to interact with systems from 180 countries.
The BridgeX network will not force out traditional financial institutions - it intends to work with them. Projects with strong teams and such promising ideas will be very popular!
ICO details
Ticker: BXN (ERC-20)
Total Token: 1,000,000,000
Tokens available at ICO: 300,000,000
Price of Token: 1 BXN = 0.00006 ETH
Hardcap: 18,000 ETH
Website: https://bridgex.network
Whitepaper: https://bridgex.network/180827%20BridgeX%20Network%20Whitepaper.pdf
Forum: https://bitcointalk.org/index.php?topic=5024373.0
Telegram: https: / / t.me/bridgexnetwork
Author: sinyocall
https://bitcointalk.org/index.php?action=profile;u=1851671
Wallet: 0xFfa8CCDD722c08400465410A3cee356Ff366b6c7