An Exclusive Partnership
Beaxy has an exclusive partnership with OneMarketData. OneMarketData services advanced trading platforms including those of Scottrade and Bloomberg. Beaxy wanted a high performance analytics and data management platform to power their exchange matching engine. Beaxy looked to OneMarketData and their OneTick system to deliver a solution. This system allows Beaxy to execute trades and manage wallet transactions in a low-latency and fault-tolerant way. “We wanted to increase the sophistication level of our analysis and approach. OneTick enabled us to deliver a premiere exchange platform, the likes of which the cryptocurrency market has not yet seen.” - Artak Hamazaspyan, Beaxy’s Co-founder and CEO.
- Working exchange demo available before the ICO begins.
- Beaxy will offer fiat trading pairs with 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. Immediately 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 cryptocurrencies like Bitcoin, Ethereum, and more, as well as real-time notifications (to alert you towards events like an order filling on the exchange).
- The Beaxy 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.
- The Beaxy 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.
- The Beaxy Staking Program will allow users to receive discounted trading fees by locking their BXY tokens on the Beaxy Exchange. A tiered system is utilized which will provide a greater discount the more coins that are staked. Choosing to stake tokens AND pay fees with BXY enables a maximum discount of 62.5% on all trades!
- Custom Price Ticker to track favorite coins - customizable down to the level of scrolling speed.
- Beaxy will curate articles, video tutorials, and other helpful information for beginners.
- Listing new projects - Beaxy will have a team dedicated to seeking out and vetting new projects as they arise.
- IP Address Whitelisting adds an extra layer of protection against phishing
- Multiple wallets per coin/token on the exchange allowing for low, medium, and high risk portfolios.
- Adding a new token, starting from the release of the exchange, is quick and easy with the way Beaxy’s platform is constructed.
- The Beaxy Exchange platform is built in-house utilizing the same technologies used by Bloomberg and Scottrade for high throughput, low latency database performance. This technology, proven in the stock market, can support hundreds of thousands of trades per second with less than a millisecond of latency.
- Beaxy has an exclusive partnership with OneMarketData (services clients like Scottrade and Bloomberg) and thus will be able to incorporate unique order types otherwise not seen in the crypto space (e.g. trailing orders, OSO)
- Beaxy will offer 24/7 customer support, including live chat.
- Beaxy will offer smart features for investors which include: detailed graphs, portfolio management tools, and price alerts.
- Beaxy will offer the ability to create more than one wallet per currency, customizable according to investment needs. Transfers across wallets will incur no fees.
- The option to purchase a monthly package that will remove all trading fees will be available.
- Tradingview charting integrated directly into exchange. Whatever you can do with Tradingview you can do on Beaxy.
- Over-the-Counter trading will be made available for institutional investors that wish to purchase large sums of cryptocurrencies without causing price fluctuations. There will be a minimum order of $1 MM.
- Plans to host ICOs on the Beaxy platform. Beaxy is making significant investments into KYC (Know Your Customer) process which will be very helpful for ICO’s looking to jump start their project.
- Developers will be able to offer their own add-on features in the App Store. In addition to features developed by the Beaxy team, third-party developers will be allowed to submit their own applications and offer them to users on the Beaxy Exchange. A third- party developer will receive 80% of the revenue generated from users who purchase 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.
- The exchange will implement a tax compliant document export feature to minimize the uncertainty with taxes and cryptocurrency.
Beaxy is developed with security in mind. This is an extremely important component of any exchange and is Beaxy’s number one priority.
Beaxy’s login system will put even the most risk averse users at ease. Phishing prevention measures have been implemented to protect users. It works like this:
- A user accidentally lands on a phishing website designed to imitate Beaxy.
- The phishing website uses data to log in to the Beaxy platform. The IP address of this login attempt is recorded.
- Beaxy sends a verification link to the user email address to verify authenticity; link is active for 30 minutes.
- After the user clicks on the link, their IP is then logged a second time.
- If these addresses do not match, the login will be rejected and the account holder will be notified of the login attempt.
Additional features help secure users;
- Security vetting by third-party white-hat hackers.
- Two Factor Authentication integration.
- Network security best practices are employed to minimize the attack surface.
- Incoming and outgoing communication between Beaxy and the blockchain are secured using hashing and encryption techniques to prevent any data tampering or spoofing.
- Funds are stored in geo-distributed cold wallets leaving small amounts stored in hot wallets.
- Microsoft stack utilizing the Azure Cloud with 99.999% uptime.
- Recovery/fault-tolerant umbrella to ensure maximum system uptime.
- Multiple servers in different geo locations and data centers to store information confidentially.
Beaxy will meet PCI-DSS and ENISA compliance.