While many Blockchain experts are trying to find more ways to marry CRYPTO with FIAT, BQT Team believes in reducing dependency on FIAT altogether. Every Crypto Asset has its value and can be used as negotiating tool to acquire another Crypto Asset. We believe that Demand for desired acquisition of Crypto Assets can be fulfilled with significant Supply of various Crypto asset holdings and negotiated directly by trader peers. In addition, we believe market now demands for ability to hedge crypto assets for a short period of time to acquire other Crypto holdings. While it is difficult to implement margin trades and options in the true P2P environment, BQT Team developed innovative and yet more powerful tool to allow traders generate short term Hedge Trades.
The cryptocurrency market is evolving, and its market capitalization was estimated to US$268.23 billion on March 31st, 2018. Since the introduction of Bitcoin in January 2009, thousands of cryptocurrencies have existed at some point and today, there are hundreds of cryptocurrencies with a market value that are being traded. Still, Bitcoin is the undoubtful leader representing approx. 45% of the total market capitalization. Blockchain technology is conquering the world and it completely transforms the way many markets operate. It is estimated that blockchain companies could experience a revenue pool of $6 billion by 2020 and $20 billion by 2030. The aim of BQT is to build a community and culture of Crypto Traders utilizing the Platform, helping the community and benefiting from the community.
While global cryptocurrency trading volume is dominated by four reserve currencies, trading in at least 40 other national currencies is supported the exchange market is dominated by a handful of exchanges that are responsible for the majority of global bitcoin trading volumes, of which the lion share is denominated in a small number of international currencies. In contrast, the majority of exchanges (mostly small) specialize in local markets by supporting local currencies: 53% of all exchanges support national currencies other than the five reserve currencies. Trading volumes at most small exchanges are insignificant compared to the market leaders, but these exchanges service local markets and make cryptocurrencies more available in many countries. Small Exchanges are specializing mostly in one trading activity while most Large Exchanges active with multiple exchange features.
Just in recent weeks of March 2018, Localbitcoins and other P2P exchanges trading volume has witnessed volume spikes across miscellaneous markets, with global volume bouncing to $75 million USD weekly. The Canadian and European P2P markets both produced record volumes. BTC/IDR (Indonesian Rupiah) trades produced record volume of $580 million IDR weekly in March on Localbitcoins, while Vietnamese P2P trading produced its second highest volume ever with increase in trading to $3.725 billion VND. Localbitcoins trade between bitcoin and the Mexican Peso also surged, with record volume $10.6 million MXN being recorded for the week of the 3rd of March. Venezuela’s P2P bitcoin markets have continued to surge during 2018 setting new volume records of over 1 trillion VEF weekly. Similar trend is shown across the globe.
BQT Team believes in reducing dependency on FIAT altogether. Every Crypto Asset has its value and can be used as negotiating tool to acquire another Crypto Asset. We believe that Demand for desired acquisition of Crypto Assets can be fulfilled with significant Supply of various Crypto asset holdings and negotiated directly by trader peers. In addition, we believe market now demands for ability to hedge crypto assets for a short period of time to acquire other Crypto holdings. While it is difficult to implement margin trades and options in the true P2P environment, BQT Team developed innovative and yet more powerful tool to allow traders generate short term Hedge Trades.
The aim of BQT is to build a community and culture of Crypto Traders utilizing the Platform, helping the community and benefiting from the community. BQT Exchange Platform provides secure, interactive and flexible P2P Trading Environment and user-friendly interface for its community to manage various types of transactions consisting of many crypto assets. BQT platform allows traders globally to negotiate their Crypto Asset trades directly interacting with each other and sharing their experience with the community. To leverage holdings of various Crypto Assets, BQT introducing the revolutionary Hedge Trades system. Unlike Margins and Futures Trading, BQT Hedge Trade system is a flexible method for Traders of acquiring Crypto Assets for a short-term period by means of escrow of their existing Crypto holdings.
Escrow is securely stored with BQT as escrow agent, so user C can feel secure about his Trade Collateral. But at the end of the Hedge Trade, Trader A might benefit greatly due to significant increase in value of either one of the Crypto Currency (BTC or ETH) and choose to return one that makes most benefits for him. For example, if ETH price doubled to $1000/ETH, Trader A may just choose to release BTC Escrow with Premium to Trader C, while retaining $20,000 ETH Holding and making significant upside profit. In other words, while Hedge Provider gains secure premium Day One of the Hedge Trade – Hedge Receiver is betting on upside increase of value leveraged from either Crypto Asset.
It is important to note that just as Hedge Receivers placing their Collateral offers on BQT P2P Exchange, Hedge Providers may also place initial Trade offers inviting Hedge Receivers to participate on their terms. For example, Hedge Provider Trader E could place an offer to provide 100 XRP to any Hedge Receiver who is willing to place a Hedge Collateral of ETH of the same value with 20% premium and would receive various counter-offers from many Traders (Hedge Receivers).
BQT P2P Platform utilizes secure and decentralized benefits of the Blockchain delivering flexible functionality for Traders world-wide. Every module and database is programmed using various methods of encryption and ensures confidentiality and protection for Traders. 2FA configuration is a required setting for every Trader Profile.
BQT is launching its Initial Coin Offering (ICO) campaign in July, 2018 issuing 200,000,000 ERC20 tokens (BQTX), minted at the end of an ICO. BQT would charge 1% transaction fee for the instant trades and 3% escrow fee for Hedge Trades. All fees are payable ONLY with BQTX tokens to ensure the liquidity and utilization for the tokens. In addition, the BQTX tokens can be used as escrow collateral for some trades or added as additional collateral. 50% of the Fees would be shared quarterly during the first 3 years of Exchange operations as 20% to ICO Initial Token Holders, 15% to Top Traders, 15% to Referral Affiliate Partners. 200,000,000 BQTX TOKENS WILL BE ISSUED DURING ICO * 800 BQTX TOKENS = 1 ETH. Total 800,000,000 Tokens Authorized, 200,000,000 Tokens Issued during ICO, 600,000,000 tokens will be frozen and would only be released as needed for company expansion, marketing and loyalty programs to maintain token liquidity (up to 10% per year).
Using the potential of the BQT community, its users will get quick access to tools and cryptocurrency to assist with their daily needs. They will have the ability to borrow, lend, save and pay for goods and services protected by Blockchain security. BQT ICO will be traded on the Ethereum Blockchain Platform and will bring dedicated partners sharing distributed digital assets via its cryptocurrency instead of the burden of an expensive traditional IPO. BQT APIs will be available for its community of entrepreneurs, startups and other businesses to sell their products and services using its technology to stimulate the growing crypto-economy even further. BQTX tokens will be distributed based on the whitelisting-priority model. The ICO whitelisting process will start after the private institutional sale.
For Information detail visit link in below :
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My Bitcointalk Username : Jancuki
ETH Address : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6
ETH Address : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6
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