Preparing for Takeoff — A Quick Look at Beaxy’s Features and Where We’re Headed
Hello again! As we continue to prepare for our ICO we’d like to provide an update on some things we think you will be excited about. Listed below are our top 5 features that we feel will really set Beaxy apart from our competition. These are not all of the features that will be present on the Beaxy platform, but rather a few of our highlights in the interest of keeping this post short. If you like what you see head over to our newly redesigned site to learn more!
Loyalty Program: This program is designed to reward users who are holding PLS on Beaxy Exchange. Holders will receive a percentage of transaction fees collected according to the duration the PLS Tokens are locked, and the percentage of each user’s share among all locked PLS tokens. Lock them:
- Up to 1 month: 15%
- 1–6 months: 20%
- Beyond 6 months: 25%
The supply of the PLUS token will be equal to that of the BXY Token, however, the PLUS token will only be available through the Beaxy platform. The Beaxy Token (BXY) can be exchanged for the PLUS Token at a 1:1 rate, and will remain locked in as PLUS tokens for a period of time, set by the user.
Coin Staking: If you lock in your BXY tokens on our exchange you will receive up to a 25% discounted trading fee. This can be used in tandem with our other feature offering a 50% discount on fees when you pay with BXY. So, if you choose to stake your tokens AND pay fees with BXY you can receive a maximum discount of 62.5% on all trades!
24/7 Support: We want to be the customer support champion of exchanges. All tickets will be answered within 24 hours. We are planning to offer Live Chat support in the future and will staff at least 3 separate offices around the world in order to compensate for time zone differences.
Referral Program: Allows users to invite friends and family and receive 10% of their transaction fees for the lifetime of their account. The referred user will receive lower fees for a limited period (60 days) — a win-win for both parties. We are aware that some exchanges have offered referral programs only to change their model down the road. We pledge to never reduce the referral commission you receive.
Fiat Deposits: You will be able to deposit to your account through wire and ACH. Instant deposits will also be available for approved accounts! This amount will be unique for each user and determined by our risk management team.
Some important notes:
-Not all of these features will be made available at the official time of launch. Instant fiat deposits, for example, will take some time before we have all the permits ready to offer this feature to the public. We will roll out certain locations as they become available.
-Uncertainty in the marketplace will prevent us from working with US customers during our ICO. We plan on being fully compliant with the US legal system after policy decisions surrounding cryptocurrency are made. While US residents cannot participate in our ICO, they will still be able to use our exchange.
-We will be launching a Bounty Program which will allow you to earn BXY by helping us spread the word about our project. US residents will be allowed to participate in this program. We will be detailing this program in a separate announcement.
If you’d like to get in touch with the team please feel free to join our Telegram channel! We’re growing and always happy to talk with people in the community :)
