BQT : Building the community and culture used to help provide a safe, interactive and flexible P2P Trading environment

September 20, 2018

BQT : Building the community and culture used to help provide a safe, interactive and flexible P2P Trading environment

Hello friends, dear readers and friends of Crypto, back again with Stevano, on this occasion I will discuss the BQT project, a project that builds community and culture of Crypto Traders who use the Platform, help the community and benefit from the community. Please refer to the following discussion.

What is BQT PLATFORM

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.

The aim of BQT is to build a community and culture of Crypto Traders utilizing the Plat-form, 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 con-sisting of many crypto assets.

BQT platform allows traders globally to negotiate their Crypto Asset trades directly inter-acting 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.

This revolutionary approach allows Crypto Traders leverage their Crypto Holdings to acquire significant number of additional Crypto Assets they believe in without a need of a traditional margin trade

CRYPTOCURRENCY MARKET

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.

The current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 million and 5.8 million, according to the latest report by Cambridge Centre for Alternative Finance2.

Although it is almost impossible to know precisely how many people use cryptocurrency, using data obtained from study participants and assuming that an individual holds on average two wallets, Cambridge Centre for Alternative Finance estimated that there were between 2.9 million and 5.8 million unique users actively using a cryptocurrency wallet in 2017.

Service

Many projects and companies have emerged to provide products and services that facilitate the use of e-money for key users and build infrastructure for applications that run on blocking blocks. public. While the electronic money industry consists of many important actors and groups, there are four major electronic money industries today:

Exchange
Wallet
Payment companies
Mining

Exchange

Exchange is one of the first services to emerge in the electronic money industry: while the first exchange was established in early 2010 as a project that allowed users to early trade bitcoin and thereby market price. In today’s world, Crypto Exchanges offers the service of buying and selling electronic money and other digital assets for the national currency and other electronic money and plays an essential role in the electronic money economy. by providing a market for liquidity and price discovery.

Exchange P2P broker

In the last few weeks of March 2018, localbitcoins and other trading volume on the P2P platform have witnessed a sharp increase in miscellaneous markets, with global volume rising to 75 million USD per week. Canadian and European P2P markets are producing record volumes. BTC / IDR transactions generated a record IDR 580 million weekly in March on Localbitcoins, while Vietnam’s P2P transaction produced the second highest volume with an increase of 3.725 billion VND.

Binance element succeeded

Out of the ICO, Binance has rapidly grown in popularity by creating a much simpler approach to trading and now it is a real alternative for Bittrex and other major trading platforms. Some Binance items have proven to increase market acceptance:

a. Become independent exchange FIAT as well, a legal aspect associated with it.

b. Allows your traders to quickly open accounts to trade.

c. Use your own token for use with transaction fees with a 50% discount.

d. List multiple Post-ICO ERC20 tags and transaction pairs showing Blockchain’s promise of innovation and use of tokens.

e. Allows large daily withdrawals and quick deposits from multiple coin wallets / different tokens.

Commercial fence capabilities

While many Blockchain specialists are trying to find more ways to marry CRYPTO with FIAT, the MB believes in reducing its dependence on FIAT altogether. Each Crypto property has its value and can be used as a negotiating tool to get another Crypto property. They believe that the need to acquire Crypto’s desired assets can be realized with significant provision of various Crypto assets and negotiated directly by the trader. In addition, they believe that the market now requires a capability to protect their encryption assets in a short time to get other Crypto shares.Although difficult to implement margin trading and options in real P2P environments, the Team BQ has developed an innovative and powerful tool that allows traders to create short-term hedge transactions.

BQT SYSTEM WORK-FLOW

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 en-sures confidentiality and protection for Traders. 2FA configuration is a required setting for every Trader Profile.

BQT INITIAL COIN OFFERING (ICO)

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 follows:

• 20% to ICO Initial Token Holders

• 15% to Top Traders

• 15% to Referral Affiliate Partners

BQTX-TOKEN STRUCTURE

• 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, mar-keting and loyalty programs to maintain token liquidity (up to 10% per year).