About BITEX

It is the rare person these days who has not heard of cryptocurrencies, if only vaguely and very likely in connection with that sensational cryptocurrency Bitcoin. While Bitcoin has been around since 2009, its recent sky-rocketing valuations and the speculative market around it have motivated many to try and mimic its success by creating and offering alternative cryptocurrencies. Of these, one particularly stands out — Ether (ETH), the fuel that propels the Ethereum1 blockchain. Ethereum is the main platform used at this time to create DApps (Distributed Applications), with each DApp’s service accessible through the purchase and exchange of a bespoke cryptocurrency (the application’s medium of exchange) created for that purpose. As of March 2018, there are about 4597 cryptocurrencies 2 listed through various crypto exchanges 3, with varying degrees of utility, liquidity, and trading volume. Many cryptocurrencies do provide access to valuable decentralized services (such as storage or computing resources, identity management, etc.). Thus, as the value and use of decentralized services recorded on a blockchain grow in popularity, it is expected that the need for such cryptocurrencies will also expand. This has led to the creation and growth of crypto exchanges of which there are at the time of writing approximately 1904

Features

Bitex XBX Token

BITEX is conducting an Initial Coin Offering of its utility token, XBX.

  • All transactions regardless of the EZBitex platform will require payment of fees in XBX tokens. Such as BitexPay, Bitex Atm, Bitex Debit Card, Powered By Bitex card, and so on.
  • XBX token utilizes a unique design that not only powers the banking infrastructure but also rewards user loyalty while cultivating a robust developer ecosystem.
  • By developing a mechanism to encourage adoption of the Bitex services, Bitex is able to bring more local services to its users while also increasing the supply of merchants.
  • 0.55% of the XBX token is burned as transaction fees.
  • 32.75% of the transaction fees collected will be used to provide a discount to consumers staking XBX tokens on their own transaction fees.

BITEX Roadmap

 
  • TECHNICAL ROADMAP

  • Q2/17
    Bitex Business project structure constructed
    Q3/17
    Company registration and beginning of development work on:
    Holding Wallet
    XBX Token (ERC-223 Protocol)
    Trading Wallet and EZBitex platform
    Mobile App (Android and iOS)
    BitexPay and "Powered By Bitex" software kit
    Q2/18
    Beta test and launch
    EZBitex Platform V 1.0 with Trading wallet, Payment wallet and the Holding Wallet.
    Mobile App EZBitex
    Upgrade of security structure and support center
  • TECHNICAL Roadmap

  • Q3/18
    EZBitex Platform V 2.0 with BitexPay and Powered By Bitex & Savings Wallet.
    Bitex B2B and B2C payment platform and BitexPay Merchant App with GPS locator and BitexPay Merchant App Kiosk.
    Q4/18
    EZBitex Platform V 3.0 with Loan Wallet.
    BitexPay Module and POS.
    BitexPay API key develop and bug testing.
    "Powered By Bitex" card.
    BitexPay API key Release for corporate payments.
    Q1/19
    EZBitex Platform V 4.0 - API based Card and its integration for POS (via Bitex API)
    Q2/19
    BitexPay Escrow Account V 5.0 - Payment Gateway implementation
  • COUNTRY ROLLOUT Roadmap

  • Q3/17
    Company Registration Bitex Global Co., Ltd.
    Q2/18
    Company Registration Bitex Global Singapore Co., Pte.
    TH Company Registration Bitex Global Thailand Co., Ltd.
    AE Registration Process of Bitex Global U.A.E Co., Ltd.
    IN Registration Process of Bitex Global India Co., Ltd.
    PH Registration Process of Bitex Global Philippines Co., Ltd.
    HK Registration Process of Bitex Hong Kong Co., Ltd.
    Q3/18
    JP Registration Process of Bitex Global Japan Co., Ltd.
    KR Registration Process of Bitex Global South Korea Co., Ltd.