blockx: Open Network for Finance

4 min readJan 29, 2022

Introduction
The BlockX network makes it possible to conduct cross-border settlements. Additionally, the BlockX network is well-suited for the issue and allocation of digital securities, in addition to allowing cross-border payments. In fact, it was created particularly for this purpose, as it does away with the need for middle-office personnel. As a result, transactions can be completed in less time and with greater security than ever before. There have been a number of operational and finality concerns found by the Bank of Canada initiative, but there is also an opportunity to alleviate these issues.

Blockchain technology has the potential to lower transaction costs. While the BlockX network is not yet available in all countries, it has been designed to facilitate the trading of digital securities and the transfer of funds across borders. It is an excellent solution for the issue, sale, and allocation of digital financial instruments. The BlockX network also has the potential to serve as a cross-border trading network, allowing businesses to conduct transactions across international borders. Company’s can issue and manage digital securities with the use of its white-label solution from the company.

Concerning the Advantages

X-Block is a new cryptocurrency that has just been released. It is a digital currency with low fees and latency, and it operates on a digital platform. It is also intended for organizations that require transactions to be completed quickly and securely. Members of the platform have extensive knowledge in a variety of sectors, including digital assets, distributed computing, and others. It’s interesting to note that they’ve worked for companies such as LinkedIn and Uber.

As part of its incubation at Kosmos Capital in Silicon Valley, the team secured funding from venture capital firms. A strategic relationship with Quark Chain, Ankr, and Quark Chain has also been forged recently with the project. Blockchain transactions, in contrast to traditional banking, are more secure and faster than traditional methods of transaction processing. A single block in the blockchain is equivalent to a million transactions in the traditional financial system.

If there is only one transaction, all of them will be validated, and the remaining ones will be safeguarded in the same manner. Furthermore, the blocks are constantly expanding. Similar to this, the network will continue to expand and become increasingly more efficient as time progresses, as will the Internet. As a result, blockchains are more secure than their equivalents in this regard.

Concerning the BlockX Token

Following the successful completion of the second round of our public offering, which was conducted entirely on our platform, the BlockX investor community has increased by a factor of “thousand-fold.” Whenever the BlockX vision of providing the entire globe with alternative investment alternatives that will help them diversify their investment portfolios while also yielding passive income comes true, we are overjoyed. To expand worldwide investment prospects, we have turned to digital security tokens, and it is with great pleasure that we announce the third and final phase of our public token sale offering on the P2PB2B cryptocurrency exchange.

What you can accomplish with BCX Tokens is as follows:

The BlockX chain is powered by the $BCX coin, which is a utility token. It also makes transactions on the Tokenizer platform more convenient. You will be able to stake your claim on investment opportunities that have been made accessible on the Tokenizer market if you have a $BCX token in your possession. As the globe continues to reap the benefits of the blockchain, asset-backed tokens and securities have emerged as the single point of entry for authorized and government-recognized alternative investment opportunities. The $BCX coin opens the door to a whole new world of possibilities for you.

Invest freely in a wide range of offerings, including real estate, hedge funds, the arts, non-profits, venture capital, and more. If you like, you can utilize your tokens as collateralized assets on secondary marketplaces as well. On secondary exchanges, you can use your asset-backed $BCX tokens to borrow money, secure bonds, and receive insurance by trading them for other assets.

All $BCX token holders will also benefit from lower transaction costs on the BlockX network as a result of this partnership. The following are the specifics of the token:

BCX is the symbol for the token.

1,000,000,000 units are available in total (1 billion)

Network: BSC (tentatively) until the BlockX Chain’s mainnet is launched.

Token Contract: 0x8D11B81a3d4bEa2dC1e240241141e327B6922d6b 0x8D11B81a3d4bEa2dC1e240241141e327B6922d6b 0x8D11B81a3d4bEa2dC1e240241141e327B6922d6b

Utility tokens are the most common sort of token.