15 insights on B2Bx ICO
Sep 12, 2017 Posted / 4053 Views
B2BX is an aggregator of cryptocurrency liquidity for margin and exchange trading and distribution of liquidity to brokerage companies. B2BX will focus exclusively on institutional clients: crypto-exchange, Forex and DMA brokers, cryptocurrency brokers and exchangers, hedge funds and other professional market participants.
Integration of B2BX with the largest trading platforms and aggregators of liquidity and the consolidation of brokers, stock exchanges and financial institutions on one place will provide a depth of the market for cryptocurrencies.
They will do exchange trade with physical delivery on the basis of the Japanese company with a license JFSA, margin, on the basis of CySec, ASIC, FCA. The number of their licenses will depend on the success of the crowdfunding campaign.
The physical delivery exchange will be available to customers who have passed strict KYC (know your client) and met the AML standards. Any institutional client will be able to open an account in B2BX and, on his own behalf, exchange fiat for crypto and vice versa, performing orders of traders
It will be available to institutional clients under the jurisdiction of Singapore.For convenient on-boarding of the client, they plan to provide all types of crypto-liquidity (marginal, fiat-crypto and crypto-crypto) under one company, when the regulatory framework of the relevant jurisdiction will allow this.
B2BX aggregates and converts protocols from different exchanges and providers and gives them to the broker through a single protocol of the FIX API standard. They took SoftFX aggregator as a basic solution, it is already integrated with the 5 largest crypto-exchanges and has the FIX API protocol for further distribution of liquidity to other systems and aggregators.
With B2BX, a broker or any financial institution signs one contract and receives a single marginal account and 3 types of liquidity: Forex/Spot, DMA Stock market and crypto-liquidity
a. The smart contract and tokens will be released on Blockchain Ethereum according to the ERC20standard.
b. 80% (40,000,000 forty million) tokens will be available for sale, and 20% (10,000,000 ten million) will be reserved for B2BX, its team and bounty programs.
c. The maximum number of tokens is limited to 50,000,000 (fifty million). Further emission
(issue, mining) is strictly prohibited and is not provided under a smart contract.
d. 20% will be distributed as follows:
- 2% for bounty program participants (will be available after the end of the ICO);
- 8% for team (tokens will be frozen for a period of 6 months);
- 10% for the company (tokens will be used for listing on crypto-exchanges and added
e. All unsold tokens will be destroyed within 48 (forty eight) hours after ICO finish.
f. B2BX tokens will be distributed among the participants of crowdsale instantly at the time of admission of cryptocurrencies, paid for addresses in Web Wallet.
a. Date of Pre-ICO is13-29 September 2017. Tokens will be available to a limited number of participants (35% discount). Limit will be around 1 million euros on the Pre-ICO. For interested persons, participation in the bounty program is possible before the beginning of the ICO.
b.Token sale volume is 25,000,000 €
c. Sale volume is 40,000,000 tokens
d. Emission volume is 50,000,000 tokens
e.Price of the token upon sale is 0.63 €
f. Whole world except USA and Republic of Singapore are eligible for the sale
40 million (80%) will be allocated for Crowdsale members
5 million (10%) will be allocated for the company
4 million (8%) will be allocated for the team
1 million (2%) will be allocated for Bounty program, PR
All network services have an independent/distributed connection to each other (personal area, API, databases, etc.). They will not store private keys from the participants' wallets, which increases the security and keeps the personal accounts of the participants. The security of the collected funds during the ICO will be provided by a multi-signature on the wallets. The withdrawal of funds from these wallets will be possible if there are 2 or more signatures of team members. It will be publicly available to view data balances of these wallets.
A cold wallet with a transaction confirmation from several participants (multisig) is used for token distribution. Cold storage of a part of the collected funds to finance the project will be organized on the basis of hardware wallets (KeepKey/Ledger). It will be created a backup copy on physical media (flash drives) for each hardware wallet and their backup copies. Hardware wallets and their backup copies will be stored separately: one part in the safe of one bank, the other part in the banking cell of another bank in another country.
ICO will Start on October 2, 2017. Participants will receive discounts in following ways:
a. The first week (02.10-09.10) will offer 15%,
b. The second week (10.10-17.10) will offer 10%,
c. The third week (18.10-25.10) will offer 5%,
d. The fourth and further will offer no discounts
e. ICO will Finish on November 17, 2017. The actual number of tokens in turnover will be open and known at the end date of the crowdsale.
f. The minimum volume of purchase is 10 tokens. There is no maximum amount
Demand for trading in cryptocurrencies among traders forms the demand for providing this service among brokers. With the further development of the infrastructure for aggregation and distribution of cryptoliquity, they will be able to connect:
-In 2018: 200+ clients on MetaTrader (MT4/MT5) and other trading platforms. There are 4000+ Forex brokers working on MT4/MT5 platforms all over the world, more than 50% of the Forex market.
Further in 2019 and 2020 they aim to connect:
-2019(after integration with other major trading platforms, ECN-platforms and aggregators, like Integral and PrimeXM) around 500+ customers.
-2020 around 700+ customers (5% of the brokerage services market).
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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