bZX The First Secure P2P Decentralized Margin Trading

in #bounty0x6 years ago (edited)

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Since the birth of cryptocurrencies all we need is a good, secure, protected Exchange with high security. With a high secure Exchange Users don't have to panic of their asset been stolen or the Exchange been hacked by hackers. As of the two exchange we have i.e Decentralized and Centralized Exchange, both of this Exchange have one or more deficiency, in Centralized Exchange there is limited Control and in Decentralized Exchanger there is limited functionality but the most secure is a decentralized exchange in which users control their asset without panicking of the asset been stolen.

bZx is providing a secure margin decentralized exchange which enable lending and borrowing for margin trading. But the main unique feature of bZx is that it is able to tackle the low liquidity of a decentralized Exchange thereby providing high security and a liquidified Exchange for the bZx users. With the bZx secure protocol the bZx margin trading can be built into any exchange thereby in which safer lending, cheaper trading and more liquidity is provided for the bZx users.

bZx itself if not an exchange but a protocol which can be integrated into any other Exchange either new or existing exchanges or can be accessed through the native bZx portal, it is the first fully decentralized P2P Margin funding and trading protocol built on the ethereum and integrated with the 0x protocol.

The bZx protocol is a benefit to decentralized Exchange as well as trader and lenders. The bZx lenders doesn't need to move their asset to a centralized exchange for a profitable gain and also risking their funds been compromised but either they could loan out their funds for a lucrative interested as well as the bZx traders In which the bZx users asset are been control by their owners. The bZx Exchange provides minimal risk, passive income( i.e makes money while holding your asset without losing control over them), lower fees( centralized exchanges traders pay higher interest rates to compensate lenders for the risk of the exchange getting hacked.). The bZx protocol is capable of increasing a decentralized Exchange volume and liquidity when intergrated into the decentralized exchange whereby allowing market makers to
hedge risk while providing order book liquidity

How does the bZx works

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bZx works with the ethereum smart contract providing secure and transparent transactions. Users can either go on a long or short position during margin trading. During long position a bZx user exchange one asset for another hoping that then asset been swapped to will go up in values faster, while taking a short position is complicated it's required leverage, escrow as well as margin calls. The bZx protocol allows bzx users to turn their ethereum wallet into an unbanked account that pays bZx users interest to hold in their wallet i.e while giving loan
A pictogram overview of both the peer to peer (P2P dApp) and Broadcast orders.

bZx Token Detail

bZx token with a ticker BZX is a utility token of the bZx protocol with two aim;

  1. The incentivization of order book aggregation by relays
  2. Governance of the bZx protocol
    The bZx protocol token (BZX) is used by relays to collect trading fees. The bZx token is an Ethereum based token Erc20
    The total amount of token issued is 1,000,000,000 in which only 50% of the total token will be sold out during the token sale period. bZx protocol has a Fundraising goal of $36,500,000 in which each token will be sold at $0.073 each.

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Roadmap

A pictogram view of the bZx protocol roadmap
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bZx Protocol Team Members

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Official bZx Links For More Information

Website; https://b0x.network

White paper; https://b0x.network/pdfs/b0x_white_paper.pdf

Twitter; https://twitter.com/b0xNet

Facebook: https://www.facebook.com/b0xNetwork/

Medium: https://medium.com/@b0xNet

GitHub: https://github.com/bZxNetwork/

Linkedin: https://www.linkedin.com/company/b0x/

Telegram: https://t.me/b0xNet

Author Details

Bounty0x username: Dprincebh