Bytex Token (BYT) White Paper
Bytex digital asset exchange published white paper for BYT token. In its white paper Bytex in detail explained transaction mining, dividend distribution and its future vision.
Short update about recent Bytex developments
Regarding recent BYT launching announcement, Bytex users are rewarded total value of trading fees in BYT token. BYT token holders are entitled to receive dividends in BTC, ETH, BCH and other currencies traded on Bytex. 80% of total trading fees collected are distributed daily in dividends.
Bytex token can already be purchased via BYT/USDT pair and it has attracted huge interest in Korea. Demand for BYT increased rapidly. Thousands of new users are trading at Bytex to receive BYT transaction mining reward or are purchasing BYT via BYT/USDT trading pair.
Bytex Vision
As it is outlined in the white paper, Bytex is a very different crypto exchange.
First, Bytex is sharing value with community. By trading at Bytex exchange and acquiring BYT token, users in effect become exchange owners and receive majority of exchange profits. This is much more fair approach, as current established centralized exchanges benefit only a small number of people. In the future, community governance features will be introduced and BYT token holders will make decisions for Bytex future developments.
Secondly, Bytex vision is to become all-in-on platform for crypto investors, serving not only exchange markets, but also ICO markets and portfolio management markets.
Creating platform for ICO investment will allow Bytex users to easily access best ICOs, without need to do additional KYC or spending time trying to figure out specific ICO process. Also, users will enjoy ICO due diligence done by Bytex team. This will significantly reduce risk of being scammed.
Portfolio management platform will bring together professional traders, social influencers and algorithmic trading funds to one place. Professional traders will create and implement independent trading strategy, while Bytex users will be able to select and invest into funds that best match their portfolio needs.
Conclusion
To sum up, Bytex digital exchange model is a radical change from traditional crypto exchanges. If developed successfully it will add huge value to crypto community. It is interesting to see how Bytex will develop in the future.
Get social with Bytex at:
