Hello all you have come to my blogs. Today I would like to introduce to you a potential project that can be said to be the most developed blockchain in forex trading ie Fxpay. Let's go deeper into it.
What is Fxp:
FXPay is a vibrant and promising business opportunity that brings advanced technology to the Forex market. FXPay believes that we can intelligently reduce risk and speed up FX trades through the use of FXP token, an ERC20 token based on Ethereum blockchain technology.
By introducing blockchain technology to the FX market, FXPay can address market inefficiencies, until now, with no solution. By providing digital money to brokers and traders, FXPay provides an intermediary hrough to easily convert fiat currencies into FXP tokens. Once it is safely logged on to the blockchain, it can be converted into any of our foreign exchange pairs. Later, the money transferor can use foreign exchange credit to enter the market. Once the transaction has ended, the trader swaps Forex trades back to FXP or any other digital currency. In addition, traders may choose to hold foreign exchange credit, which can be used to continue trading at a later stage or withdraw into fiat currency through the Forex trading platform, at a minimal cost.
Main objectives of FXP:
FXPay Inc. aims to create a large international friendly community on a digital platform that is tailored to meet the needs of foreign exchange brokers and businesses. The main focus will be on senior brokers who demand a new, cheaper, and cheaper way of trading through the use of blockchain technology. FXPay Inc. The purpose of this expansion is to become our senior broker. This will allow customers to freely invest in the forex market with our token. This will provide a platform with both established users and significant daily volumes, which will rise steadily over time.
Distribution token:
The supply of FXP cards is limited to 500 million,
and is distributed as follows:
Token will increase by 0.8% per day or 24% per month. in the process of selling the token. After the FXP token sales will be listed on the Exchange and the price will be determined by the market
Foreign Exchange Structure:
The ineffective and complex transaction process for such a large industry,
with a lack of consistent brokerage
When an individual trader wants to
exchange another currency, a charge arises
currently ranges from 5-7% of the total
transaction amount. to save money
Transaction fees are between 80-90% per transaction
Potential investment opportunities largely
Not attractive to investors and less likely to survive
of many investments. Barriers to Forex participation
The market acts as a barrier for novice investors.
The potential of these funds has recently been
made in the electronic money industry, like
market capitalization has risen to more than 400 dollars
billion in early 2018. In addition,
Brokers also charge a fee of 5-7% when
dealing with liquidity providers. Big broker
Common platforms store thousands
Investors have excess revenue
$ 100 million per day. Much of this
The amount includes unnecessary fees, presented
a great cost savings opportunity.
For more information please contact:
WEBSITE: https: //fxpay.io/
WHITE PAPER: https: //fxpay.io/pdf/FXPAY_V.1.4.pdf
TELEGRAM: https://t.me/fxpglobal
FACEBOOK: https: //www.facebook.com/fxpayglobal
TWITTER: https: //twitter.com/fxpayglobal
AUTHOR:Persijadays
ETH:0xFe7e4a646ed5d69c1355A24bF8d3f5DAb567Da9d
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