BOTXCOIN- THE FUTURE TOKEN
It is completely true that most of the banks simply cannot turn their eyes away from the fact that the cryptocurrency is booming right in front of them and they cannot do anything about it. The guardians of official money do not have an adequate answer to the digital coin challenge and all around the world, the banks are urging to find a way how they can heighten their oversight. All this underlying cryptocurrency technology seems to simply is too much for the central banks.
Blockchain, the technology behind the much talked about Bitcoin, is lauded as having the potential to transform the global economy due to its ability to increase transparency and trust. Why? Blocks of information (time-stamping of life events or financial transactions) are secured by complex algorithms that are hard to hack and cannot be erased or manipulated. Therefore, it has a huge role to play in validating identity management, without the use of an independent third party. It can verify that we are who we say we are and the goods we are buying are what they claim to be.
About BOTXCOIN
BotXcoin token is our cryptocurrency solution to a human limitation. Using cutting edge technologies and partnership program, botXcoin token enables to give passive income for the token holders in our loyalty program. We treat every single botXcoin token holder more than our investor, but also as our partner. In our partnership program, botXcoin token holder can utilize our Trading Robot application named “BOTX App” that is able running in major cryptocurrency exchanges all over the world.
There are 3 main utilities of botXcoin Tokens. These are all intertwined with the services provided by botXcoin, meaning that botXcoin serves as a critical part of the whole ecosystem:
1. Running Trading Robot Application (BOTX APP)
botXcoin Token can be used for using the trading robot application (BOTX APP). There is sharing profit partnership program will be applicabled in this function. Token holder will get 80% from the trading profit and the rest 20% will be contributed to company.
2. Loyalty program as reward for token holders or passive income (max 250 million botXcoin tokens)
botXcoin Token can be used in the loyalty program to get reward or passive income that providing in the website www.botxcoin.com . This program will running until max 250 million botXcoin tokens used up. This program is able to be extended by company using the profit which raised from the development of the project.
3. Trading Token
BotXcoin Token will be the main trading pair for all Tokens and cryptocurrencies on botXcoin exchange platform (BOTXPRO). Beside that the botXcoin Token also can be traded in the major cryptocurrency exchanges in the near future.
There are 4 methods of algorithm will be used in the Robot development :
1. Three pairing combination in one exchange.
Robot calculate and find the gap of 3 pairing (market) in one exchange.
For example in Binance exchange :
BNB/BTC VS ETH/BTC VS BNB/ETH
Below is data from real market in November 1st, 2018 :
BNB/BTC = 0.0015
ETH/BTC = 0.0330
BNB/ETH = 0.0440
Buy BTC with 100 BNB, will get (0.0015 x 100 ) = 0.15 BTC.
Buy ETH with 0.15 BTC, will get (0.15 / 0.0330) = 4.545 ETH.
Buy BNB with 4.545 ETH, will get (4.545 / 0.0440) = 103.18 BNB
This transaction make profit 3.18 %.
Deduction of the transaction fee is 0.2% (transaction fee for BNB is 0.05%X2 and ETH/BTC is 0.1%)
So, net profit can be taken from this transaction is 2.98%.
If we look in the details, there is always a pricing gap between those three pairing at the same time. Robot will comparing it and if robot found a profitable gap (include transaction fee), then robot will execute the transaction and token holder will get profit. If the gap is too small or not profitable, Robot will not execute the transaction. By this method, there is no chance for loss. It is always profit. The Robot will running every 12 seconds for 24 hours a day. It is means while you sleep, the robot never sleep and still working for you. Token holder can make their own selection for these 3 pairing in major exchange.
2. Pairing between two or more exchanges.
In this method, Robot will make comparison between the same pairing in 2 or more exchanges. The requirement for running this method is token holder must have balance in each pair in every exchange. By having balance in each pair and exchange, the robot can directly execute the transaction (if the comparison calculation show profit) without waiting for arbitration delay.
For example :
ETH/BTC in Binance VS ETH/BTC in HOTBIT.
If there is a profitable gap between both exchange, then Robot will execute the transaction in both exchange, one buy and one sell. In this method, the token holder will get additional coin from that pairing, whether it is ETH or BTC.
This method always making profit whatever condition of market, bullish market or bearish market.
3. Pairing between two or more exchanges with arbitrage.
This method almost same with above method 2, but there is additional process; if balance asset is zero than Robot will execute the arbitrage process.
4. Bidding in BOTXPRO by comparing 20 top exchanges.
This is future methode which planned will be running in our own exchange BOTXPRO (Bot exchange Pro).
By this method, Robot will get the pricing data from top 20 exchanges and make bid price (with profit and fee) in BOTXPRO exchange. The result is robot guarantee the traders in BOTXPRO can get the competitive price in BOTXPRO compared with others exchange. This is how our Robot give a win-win solution for trader and BOTXPRO.
For further information, kindly visit the links below:
https://botxcoin.com/
https://botxcoin.com/wp-content/uploads/2018/11/Whitepaper-botXcoin-4.pdf
https://botxcoin.com/botx-mvp-minimum-viable-product/
https://web.facebook.com/botxofficial/
https://twitter.com/botxofficial
https://instagram.com/botxcoin
https://t.me/botxcoin
https://www.youtube.com/channel/UCKRlWsyhMQ9Fxlcp2ju3mzg
Author by:hamzatis
Bitcointalk profile https://bitcointalk.org/index.php?action=profile;u=2430438
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