BZx Network: The Decentralized Trading Margin Exchange System

Raymondavid
Sep 8, 2018 · 3 min read

Banks and many financial institutions have a lot of bureaucracy in them. You will understand this better of you have requested for a loan before or tried any form of business with them. Lending is usually met with ridiculous charges that might end up frustrating the person. What about the excessively high commission fee?

It was in a bid to address this issues that the blockchain technology was invented. It was directed at breaking the monopoly of banks and other financial institutions. Hence, it hasn’t come as a surprise when many financial institutions adopted blockchain to execute their operations.

The aim of this review is to present a blockchain based platform that offers a Idecentralized trading system to users. This is the bZX platform.
Introducing BZX: A Decentralized Margin Platform
The BZX presents a safe, cheap and efficient trading platform for users. Bearing high liquidity, it features a decentralized margin trading with the ability to operate at any margin.
The BZx network can be seen as a localized system that allows lending and borrowing for margin trading. New and local exchanges are easily featured on the protocol. All in all, traders, lenders and localized exchange will derive some forms of benefits from the BzX platform.

For lenders, when they give out loans as tokens, this will be met with huge interest rates. This will be possible without any risk neither will their assets be compromised.
For traders, trading will be possible without having to give their assets up to the centralized platform where compromise is possible.
And for the decentralized platform as a whole, there will be better feature and trading fees as well as increased transaction volumes.

Some benefits bZX is presenting
- Low level of risk
Borrowers and lenders will be in complete control of their key. This limits the risk of exchanges getting hacked and funds growing wings.

- Passive Income
There will be extra revenue from assets in the wallet of users. And compared to traditional loans, there is an increased marginal loan interest rate with full ownership.

Also, the platform retains the power to command exchanges to share out interests on their holdings. This will completely alter the mode of decentralized exchange and holding of assets.

- Reduced fees
The decentralized exchange system is characterized by extremely high interest rates. The decentralized margin lending on the other hand makes trade affordable to users.

Currencies of the bZX
There will be two currencies on the platform — the BZX token and the SUGR tokens.
BZX will be the main token of the platform. It will be used as a reward system for lenders to give out the needed crypto.
On the other hand, the SUGR token will go to the bounty hunters. It will be a part of the ETH and BZX pool.

Team Members

Final Thoughts
When it comes to cryptocurrency, no one is an expert. The introduction of the blockchain technology however came to revolutionize the exchange system. It brings forward a new era of trading with the use of smart contracts and exchanges.

For more info visit :

Website : https://bzx.network

Whitepaper : https://bzx.network/pdfs/bZx_white_paper.pdf

Lightpaper: https://bzx.network/pdfs/bZx_lite_paper.pdf

Telegram group : https://t.me/b0xNet

Twitter : https://twitter.com/b0xNet

Facebook : https://www.facebook.com/b0xNetwork/

Medium : https://medium.com/@b0xNet

Reddit : https://reddit.com/user/b0xTeam

Github : https://github.com/b0xNetwork

“This article was created in exchange for a potential token reward through Bounty0x”

Bounty0x Username : raymondavid

Raymondavid

Written by

Are u ready for his coming??? I love football but I love God first..... All the way from Nigeria..... An upcoming Architect

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