- We offer a working exchange demo weeks before ICO even begins
- Beaxy will offer the first all-in-one exchange with fiat trading pairs and a wide range of cryptocurrencies, making trading much easier for both newcomers and experienced traders
- Beaxy will offer instant deposit of fiat currencies. Depending on the user’s portfolio value on the exchange, the user will be eligible for instant deposits of an amount of fiat currency as determined by Beaxy’s risk management team. This amount will be unique to each user. Right after the instant deposit is initiated, the user’s withdrawal functionality will be frozen for double that amount - minimizing risk.
- Transactions scale infinitely off of trading pairs. One pair – 225,000 tx/s… 100 pairs = 22.5 M tx/s
- Security - Hot and cold wallets are used to secure assets and cold wallets are stored in diverse geographical locations. Whitelisting process makes phishing nearly impossible for BXY users.
- Beaxy’s Mobile Application (IOS/Android) will offer key features including price alerts to track your favorite cryptocurrencies as well as real-time notifications (to alert you towards events like an order filling on our exchange).
- Our Referral Program will allow users to invite friends/family, and receive 10% of their transaction fees for the lifetime of their account. The referred user will receive Platinum membership (20% off fees) for a limited period (60 days). Users must complete KYC verification in order to be eligible for referral bonuses.
- We will launch a Loyalty Rewards Program, where users can qualify to receive a proportionate share of up to 25% of the total monthly transaction fees collected by the Beaxy Exchange. Users must complete KYC verification in order to be eligible for loyalty bonuses and permission will be dependent upon the regulations governing their jurisdiction.
- Our Staking Program will allow users to receive discounted trading fees by locking their tokens on the Beaxy Exchange. We are utilizing a tiered system which will give you more of a discount the more coins you stake. This can be used in tandem with our other feature offering a 50% discount on fees when you pay with BXY. So, if you choose to stake your tokens AND pay fees with BXY you can receive a maximum discount of 62.5% on all trades!
- Customizable Price Ticker, so that you can track your favorite coins. Customizable down to the level of scrolling speed
- Beaxy will curate articles, video tutorials, and other helpful information for beginners.
- Listing new coins is an important factor when running an exchange and driving traffic. We will have a research team committed to seeking and vetting out the newest projects and adding these coins at a faster pace than our competitors.
- Whitelisting process makes phishing nearly impossible for BXY users
- Users can create multiple wallets per coin on the exchange allowing for low, medium, high risk portfolios, or managing of client funds in a simpler manner
- Beaxy will offer 24/7 customer support, including live chat.
- Beaxy will offer smart features for investors, including detailed graphs, portfolio management tools, price alerts, and much more. 3rd party developers will also be able to offer their own add-on features.
- Beaxy will offer the ability to create more than one wallet per currency, customizing them according to their investment needs. Transfers across wallets will incur no fees.
- The option to purchase a monthly package that will remove all trading fees.
- Due to the way our platform is constructed adding a new token is simple and can be done in minutes.
- Shareholders have a two year vesting period – with plus monthly payouts after the second year.
- Tradingview charting integrated directly into exchange. Whatever you can do with Tradingview you can do on Beaxy
- Dust doesn’t exist on BXY so it never needs to be converted
Future Roadmap Gamechangers
- The Beaxy Exchange platform is built in-house utilizing some of the same technologies used by large trading firms for high throughput, low latency database performance. This technology (proven in the fintech space) can support hundreds of thousands of trades per second with less than a millisecond of latency.
- We have an exclusive partnership with OneTick (services Scottrade, Bloomberg) and thus will be able to incorporate unique order types otherwise not seen in the crypto space (ex. trailing orders)
- Over-the-Counter (OTC) will be made available for institutional investors that wish to invest large sums of money into high cap cryptocurrencies without causing price fluctuations. There will be a minimum order of $1 MLN.
- Future plans to host ICO’s on our platform. We are making significant investments into our KYC (Know Your Customer) process which will be very helpful for ICO’s looking to jump start their project. We will be able to offer a process that can save them a lot of the time, energy, and money that goes into doing KYC correctly, as well as ensuring that each investor is not "cheating" to get additional cap. This will also bring in additional liquidity to the exchange as participants will be able to trade the coin at the conclusion of the ICO.
- Developers will be able to offer their own add-on features in our App Store. In addition to features developed by our team, we will allow 3rd party developers to submit their own applications and offer them to users of the Beaxy Exchange. They will receive 70% of the revenue generated from users who use the developers’ apps (subject to the terms of this White Paper developers may be paid out in BXY tokens). Developers will be able to offer their apps for free, via a one-time purchase, or through a recurring payment model.
- Plans to allow for easy reporting with tax-ready document export features.
Beaxy is developed with security in mind. This is an extremely important component of any exchange and is our number one priority.
Beaxy’s login system will put even the most risk averse users at ease. Just like everything offered by Beaxy, we believe we have created a system that is both elegant and secure. It works like this:
- You login in from a new location.
- Beaxy sends a verification link to your email address. (Link active for 30 mins)
- As soon as you open the email, Beaxy will log your IP a first time.
- After you click on the link, your IP is then logged a second time.
- If these IPs do not match, we do not allow the login to happen and you will be notified of the login attempt.
Additional features help secure users;
- Two Factor Authentication integration
- Beaxy will meet PCI-DSS and ENISA security standards
- 4 layers of security architecture: database, code, custom encryption algorithm and security keys
- Hot & cold wallets used to secure fund
- Whitelisting process makes phishing nearly impossible for Beaxy users
- Backed by a reliable team of professionals
- Our 3 key informational components include confidentiality, integrity, and availability.
- Confidentiality - All information we collect will be kept private from disclosure to unauthorized parties through a compliance policy.
- Integrity - Information will be protected from any unauthorized third parties. As an extra measure to ensure the validity of data at rest in our databases we use hashing to store a "fingerprint" of the data. This allows us to find and fix any inconsistencies that may arise
- Availability - Authorized parties and systems will only be able to access information when it is needed.
- Microsoft stack utilizing the azure cloud with 99.999% uptime.
- Automatic backups
- Multiple servers in different geo locations and data centers
Some important notes:
-Not all of these features will be made available at the official time of launch. Instant fiat deposits, for example, will take some time before we have all the permits ready to offer this feature to the public. We will roll out certain locations as they become available.