BridgeX Network (BXN) : LEND - BORROW - CONVERT - SEND

Today we will discuss BridgeX network,

The question that might come to your mind is what is BridgeX Network?

What will be developed?

What is the solution proposed by BridgeX Network?

Here we will discuss together so that this project can develop later.

About BridgeX Network

The BridgeX Network ambitions to remedy two of the largest demanding situations dealing with the blockchain and cryptocurrency space:

Problem

1. Access to Credit

Today, maximum banks and monetary establishments maintain a traditional property like belongings, land, and gold as collateral for his or her mortgage and financing services. Even with a total market capitalization of USD 300 billion and growing, cryptocurrencies remain an unrecognized asset class through the traditional financial system. Accordingly, banks and financial establishments remain a closed door for holders of cryptocurrency belongings. Yet, the attractiveness of cryptocurrencies as a legitimate asset magnificence continues to grow. The trouble that cryptocurrency holders face – having little/no approach to release their crypto portfolio – will best worsen.

2. Access to the Traditional World of Fiat

Cryptocurrencies are presently being traded in a global in their own. For holders to liberate their cryptocurrencies for fiat currencies to make necessary worldwide payments is not best tough, however also expensive.

This is specifically actual for companies which have just held a token sale. With the finances raised in their ICO marketing campaign, they need to make payouts for their advertising and PR cost, criminal expenses, development paintings, and so forth. On the pinnacle of that, they also require fiat currencies to maintain their everyday operations. The modern-day manner requires holders to switch their cryptocurrencies from their pockets to a change, the conversion in their crypto property into fiat, the withdrawal to an employer’s personal financial institution account, after which any required transfers are crafted from there. These steps take days and frequently require a litany of fees alongside the way.

This lengthy process is made even more cumbersome due to:

• Different crypto exchanges having one-of-a-kind boundaries and one of a kind technical issue degrees
• Crypto exchanges are not likely to support smaller markets: Crypto holders in these smaller markets are not able to make withdrawals in their home currencies

BridgeX Network is the framework for an economic environment of decentralized credit, conversion and charge answers, allowing absolutely-decentralized crypto-to-crypto collateralized lending and borrowing, crypto-to-fiat forex conversions and go border bills.

BridgeX Network will include 3 fundamental solution components:

1. BridgeX Core  (Technologies Powering the BridgeX Network)

Our core technology contains current clever contracts constructed atop the Ethereum blockchain – an on-chain mortgage matching service, on-chain loan tracking carrier and an oracle that collects off-chain statistics for the mortgage contracts – and an integrated coins management module offering off-chain answers for crypto-to-fiat conversions and go-border bills.

2️. BridgeX Platform (Distributed Apps/ Apps)

As the primary evidence-of-concept for this new financial environment, our DApp/Apps will show the power of the BridgeX Network at its included first-class, delivering 3 compelling and synergistic coins control solutions inside a single platform, whilst supplying third-party monetary offerings or DApp builders with information of the multitude of opportunities going ahead.

• DApp Bridge loan

Blockchain-primarily based crypto-to-crypto loans in a decentralized peer-to-peer market that securely and seamlessly suits borrowers and creditors.

• BRIDGE Pay

BRIDGEPay is an effective conversion and bills engine allowing for a) loans originating within the blockchain area to be localized in fiat, or b) its unbiased deployment as a complete quit-to-cease coins control answer for users’ blockchain asset portfolios.

Apps BRIDGEConvert and BRIDGE Send work seamlessly together in BRIDGE Pay to offer crypto-to-fiat conversions and pass-border price solutions.

3. Third Party Integrators (DApps/ Apps/ Service Providers)

The BridgeX Network will unite the crypto community-at-massive, the full spectrum of monetary offerings players inside the blockchain industry and traditional monetary institutions/ offerings looking to input and take part in this new world financial system.

Any third birthday celebration integrator or DApp developer can leverage on BridgeX Core to provide new offerings on their present platform or create DApps/ Apps at the network that clear up actual-international monetary needs.

Three️. Third Party Integrators (DApps/ Apps/ Service Providers)

The Revolution Finance - BridgeX Network Competitive Advantage

1. Crypto-to-Fiat Gateway: Independent use of cash control abilities as a comprehensive cease-to-cease control solution for customers’ blockchain asset portfolios.
2. Two-sided crypto-to-crypto loans market: Ordinary lenders are in a position to participate to earn a hobby.
3. Integrated cash management abilities: Crypto loans borrowed may be converted to fiat in extra than 30 important fiat currencies and despatched to multiple beneficiaries in over 180 countries.
4. ‘Plug-n-play’ Enterprise Solutions: Third Party DApps and economic services can leverage our technologies to offer new services on their present platforms or create DApps on the community that remedies actual-world financial needs.
5. Three Licenses: BridgeX Network is the sister organization of Wallex - an established global pass-border payments platform with 3 price/remittance licenses in Singapore, Hong Kong, and Indonesia.

BridgeX Network Ecosystem

BridgeX Network (BXN) SMART-Track

SMART-Track is BridgeX Core’s proprietary on-chain mortgage monitoring and control gadget BridgeX network Ecosystem.

BridgeX Network Token

The BridgeX Network will utilize the BXN token – an ERC20 token.

Total of Tokens: 1 BILLION

Token-Sale: 300,000,000 Tokens

Hard-Cap: 18,000 ETH

Token Price: 0.00006 ETH

Token allocation

Use of Fund

20% - Network & Platform Development 

10% - Marketing 

15% - Business Development 

15% - Legal/Compliance/Tax/Admin 

10% - Operations

30% - Liquidity Pool 

You have got an answer about BridgeX Network. So, now you are ready to join the BridgeX network community and become part of BridgeX Network Development. for that you join in:

Twitter: https://twitter.com/bridgexnetwork

Telegram: https://t.me/bridgexnetwork 

Facebook; https://www.facebook.com/bridgexnetwork/

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

medium:  https://medium.com/bridgexnetwork

For More Information:

Website - Whitepaper - LitePaper - Bounty

Alisha FR

BTT Profile URL: https://bitcointalk.org/index.php?action=profile;u=1196927

ETH Address: 0x1256D7E5264B5847cCAd7Ed1A7342617595B09A6