Buzzex — Exchange the Future

6 min readMar 10, 2019

The advent of cryptocurrencies through the Blockchain technology and the emergence of crypto trading, investment and banking platform; has birthed drastic changes in the financial world and e-commerce, and business at large. The decentralized nature of blockchain technology eliminates the hitches faced in the centralized businesses system. Research has shown that as the day progresses the number of cryptocurrency users and businesses keep increasing.

Despite the increment and financial fertility of cryptocurrencies business and trading, many cryptocurrencies owners, traders and investors finds it difficult to see a platform that is reliable, dependable coupled with extraordinary features where they can apply their trading and listing. Most exchange platforms are marked with delay, high cost of listing and high charges per transaction. These great enemies “delay, high cost of listing and high charge on transactions” reign are over because BuzzEx has come to liberate these cryptocurrencies coin owners and the traders with their master class exchange platform.

What is Buzzex?

Buzzex is a Blockchain technology cryptocurrency trading platform with extraordinary features such as daily dividends & weekly airdrops, up to 100% discount on trading fees, super-fast transactions, get staking rewards, cheap fees, vote on your favorite coins etc.

Based on the above features Buzzex has been built from scratch to become the world’s biggest digital asset exchange.

Buzzex Platform Aim

The aim of Buzzex platform is to become the “number one” place for crypto investors to trade cryptocurrencies and manage their crypto portfolio.

Buzzex Coin Ultimate Goal

Buzzex coin Ultimate goal is to become the number one used coin in the world.

Benefits of Buzzex Coins and Exchange

There are various ways for people to benefit from holding BZX whether on Buzzex or externally. The benefits of BZX are immense and are listed below:

Daily Dividends & Weekly ACT Airdrops from Buzzex

Up to 80% of trading fees earned on the Buzzex Platform are sent back to people holding 20K or more BZX in their exchange wallet. 40% directly via Buzzex trading volume and 40% indirectly via ADZbuzz profit-share from holding the dividend earning ACT airdrop tokens.

Get Up To 100% Discount on Trading Fees

If you hold between 1000–20,000 BZX in your exchange wallet you would get a discount of 5–100% for every trade you make on Buzzex.

Vote On Your Favorite Coins

People holding 20k or more BZX in their Buzzex Exchange wallet would have voting power on which coins we should list on the exchange.

Get Staking Rewards

People holding any amount of BZX in their offline wallet can earn daily mining rewards for helping to secure the BZX network. 20% of the mining reward plus the network transaction fees would be distributed to people staking the coin.

Get Masternode Rewards

People setting up BZX masternodes will be able to earn from 60% of the mining rewards for helping to instantly verify BZX transactions. People will be able to set up masternodes when holding 10,000 BZX to earn rewards.

Decentralized Organization

20% of the mining rewards would be distributed to the decentralized governance budget.

This means that people who want to help grow the Buzzex ecosystem can submit proposals and receive rewards if approved.

Masternode owners are allowed to vote on proposals submitted by people who want to help grow the entire Buzzex ecosystem.

Super-Fast Transactions

The Buzzex blockchain confirms transactions in less than 1 minute. And most of the time it happens in a matter of seconds.

Cheap Fees

Tired of paying enormous fees with cryptocurrencies? BZX fees mostly cost less than $0.01 making it cheap to send transactions.

Community

The community is the heart of Buzzex. That is why we allow the community to earn rewards in multiple ways!

Buzzex Coin Technical information and token allocation

Buzzex Coin (BZX) Technical Specification
Here are the Buzzex Coin specifications:
Initial Supply: 750,000,000
Block Size: 2 MB
Block Time: 60 Seconds
Transactions: 154 Tx/Sec
Mining: Proof of Stake (POS)
Block Reward: 50 BZX per Block
Rewards: 60% Masternodes — 20% POS — 20% Governance Protocol
Masternode Collateral: 10,000 BZX

Buzzex Coins Allocation

There will be an initial total amount of 750 million BZX created and this is how they will be distributed:

Buzzex Coins (BZX)

BZX are utility coins built on its own blockchain, which can be used for various things inside the Buzzex Platform and outside of it. The ultimate goal of BZX is to become the number one used coin in the world. For this, we need to have some sort of inflation rate. We have set the inflation rate at 3.5% the first year which then gradually decreases yearly. Thus as the supply of BZX grows each year the inflation percentage would decrease each year as well.

BZX can be used on the Buzzex Platform to:

 Get up to 100% discount on trading fees
 Trade them for all other coins on the Buzzex Exchange
 Cast votes to get new coins listed
 Earn daily dividends
 Receive weekly airdrops of dividend earning ACTs

Other tokens that provide less benefits to traders than we do have been performing very well in the crypto space; even in the so-called bear market.

Earn Daily Dividends

40% (out of 80% revenue share as dividend payments) of the total profits of the Buzzex Platform will be used to pay dividends to members holding at least 20,000 BZX. The amount of dividends will be based on the amount of BZX that you hold.

Here is an example:

 50 million coins are locked by qualifying members (holding more than 20K BZX)

 You hold 100,000 BZX

 $50,000 worth of trading fees are distributed to qualifying members daily

 You earn 100,000 / 50,000,000 * $50,000 = $100 per day

The minimum amount of BZX to hold in your Buzzex wallet to qualify for dividend payout is 20,000 and the amount of coins you hold above this number will be used as a base metric to calculate your share of earnings. Earnings are distributed automatically once per day, based on the amount of the coins you hold at 12 pm CET.