CRYPTONEWS: BQT EXCHANGE - SOCIAL P2P CRYPTO EXCHANGE AND TRADING PLATFORM

The market of virtual currencies is increasing every day. As at the 31st of March of the current year, its market capitalization was approximately 268 billion. This volume was achieved largely due to the opening of cryptocurrency exchanges, which allowed trading digital assets and brought them to the world level.

Today in the world there is a considerable number of trading platforms that trade virtual currencies and provide information about their dynamics. Especially popular in recent years began to gain cryptocurrency exchanges that allow you to trade in the P2P format. Thus, in March this year, the trading platform showed the largest increase in trading volume in the amount of 3,725 billion dollars. This phenomenon is due to the high flexibility in a decentralized environment, which is achieved through the conclusion of transactions between equal participants and their communication with each other in the process of trade.

However, despite such a high growth in the popularity of p2p crypto-currency exchanges, they have one significant drawback – a small list of supported crypto-currencies, the leading position in which is occupied by the BTC token. It is also worth noting that most of them are focused on the use of Fiat.

The team of developers of the BQT platform intends to create a P2P exchange with innovative hedging capabilities, which will provide traders with more opportunities and flexibility in the field of trading crypto-currency assets, as well as create all conditions for the complete abandonment of the use of Fiat.

Project objective

The main goal of the BQT platform developers is to create a community and culture of crypto traders within a single platform that allows using the widest list of virtual currencies for p2p trading, additional tools, as well as a chat to discuss transactions between traders from different parts of the world.

Principle of operation

Within the framework of the BQT trading platform, participants of the crypto-currency community will be presented with a secure flexible environment with an intuitive user interface that allows the following types of operations:

conclusion of P2P transactions;
conclusion of hedge transactions;
assessment and exchange of trade experience;
communication with other traders;
access to reports and analytical data;
opening escrow accounts.

At the same time, the main feature of the platform is the hedge transactions, which provide the platform participants with the most convenient and profitable way to purchase cryptocurrency for a short period, which is carried out by depositing the available virtual currency into an escrow account.

The principle of operation of hedge transactions is as follows:

the recipient of the hedge, who wants to make a profit, can place his funds on the BQT exchange, providing his virtual currency to be credited to the escrow account with the addition of a premium of 20 percent, and invite other traders to use his funds as collateral for 30 days;
the supplier of the hedge amount may respond to the request by agreeing to the terms or by offering other terms of the transaction, implying an increase in the premium or a reduction in the term;
other traders can offer more favorable terms of the transaction, which differ from each other;
the recipient of the hedge amount chooses the supplier with the most favorable conditions and concludes a deal with him, while the funds of the agreed participant are transferred to the temporary use of the recipient;
upon expiration of the transaction, the recipient is returned the funds with interest.

Thus, traders are provided with the most favorable conditions for profit.

The main currency of the platform will be BQTX coins, which can be used to gain access to the instruments of the exchange, provide loans, pay for services and purchase goods on the internal marketplace, where the products of the project partners will be placed. Coins can be purchased during the ICO.

Dates and details of the ICO

The creators of the platform intend to sell 200 million BQTX at a price of 0.28 dollars per coin. The public sale will be completed in February 2019. Other information was not disclosed.

The distribution of tokens and funds is as follows:

Conclusion

The BQT platform, which allows not only to conclude p2p transactions with the use of cryptocurrencies, but also gives the opportunity to conclude secure hedge transactions with favorable conditions, can become very popular in the crypto-currency community, as it will allow

to receive a stable income.This project deserves the attention of investors for several reasons:

there is an MVP (beta version of the site);
a mobile application is being developed for ease of use;
the project, as of today, has raised 28.4 million dollars, which provides a guaranteed start.

Therefore, investing in the development of BQT can be very profitable.