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FXPay- Trading Chalenge

Forex, that is Foreign Exchange or Currency trading is an over the counter market for the trading of currency. This is the main market that gets to dictate or determine the foreign exchange rate. This market consists of buying, selling and the exchanging of currencies at a current or a preset price. This is by far the most largest market in the whole world in terms of trading volume.

This market differs from the stock market in that there isn’t a central marketplace for the currency exchange. The currency exchange takes place via computer networks between the traders all around the world and this makes it decentralized.

What is FXPay?

FXPay is an exciting and highly prospective business opportunity that brings innovative technology to the Foreign Exchange (Forex) market. FXPay believes we can intelligently mitigate risk and increase the speed of transactions in the Forex market through the utilization of its FXP token, an ERC20 token based on Ethereum blockchain technology.

By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution. By offering a digital currency to brokers and traders, FXPay provides a mediumt hrough which to effortlessly convert fiat currency into FXP tokens. Once it is securely logged on the blockchain, it can be converted into any of our Forex pairs.Traders can then use Forex credit to participatein the market. Once trading has ceased, trader scan trade Forex credit back into FXP or any other digital currency. Alternatively, traders can choose to keep Forex credit, which can either be used to continue trading at a later stage or withdrawn into fiat currency through the Forex trading platform, at minimal cost.

FXPay Goal

FXPay goal is to address the current inefficiencies within the market and to provide cost-saving solutions to brokers, traders, and liquidity providers. By utilizing blockchain technology, FXPay can intelligently reduce the risk for brokers and traders by providing more opportunities and increase the speed of transactions in the Forex market.
When the FXP Platform goes live, it will quickly receive a large daily transactional flow, and within a few months, FXPay will be immersed in a major industry with expected turnovers of US$ 54 million per day.

FXPay Mission

FXPay Inc. aims to create a large, international, eco-friendly community on a digital platform that is made to meet the demands of Forex liquidity providers and traders.
The primary focus will be premium brokers who require a new transaction method which is made cheaper and faster through the use of blockchain technology.
FXPay Inc. aims to expand on this becoming their own premium broker.
This will allow clients to freely invest in the Forex market with their token.
This will provide a platform with both established users and significant daily volumes, which will steadily increase the price over time.

Market Problem

The fees incurred by the trader, broker, and liquidity provider when withdrawing and depositing funds.
The lack of consistency concerning broker fees, due to a lack of standardization.
Exchanging money is a convoluted process that can take multiple days.
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The transaction process is inefficient and complicated for such a big industry, with a lack of consistency concerning brokers.

FXPay Solution

By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution.

By offering a digital currency to brokers and traders, FXPay provides a medium through which to effortlessly convert fiat currency into FXP tokens.

Once it is securely logged on the blockchain, it can be converted into any of our Forex pairs.
Traders can then use Forex credit to participate in the market.
Once trading has ceased, traders can trade Forex credit back into FXP or any other digital currency.
Traders can choose to keep Forex credit, which can either be used to continue trading at a later stage, or withdrawn into fiat currency through the Forex trading platform, at minimal cost.

This offers traders and brokers an attractive alternative to the traditional Forex structure, by providing an innovative platform with highly reduced fees and faster transaction times.

The result is:

Increased profit margins
Investment potential for traders
Cost savings for brokers when transacting with liquidity providers.

FXP ALLOCATION

The supply of FXP Tokens is capped of 500 million, and is allocated as follows :

Roadmap

Foto lama

Minggu, 19 Agustus 2018

FXPay