Bitfair ICO Review - up to 1000x leverage on all your favorite crypto! 40% Now!

Bitfair is building the leading leverage token and crypto exchange.

TL;DR

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1. up to 10x as much leverage as the leading competitor
2. your crypto predictions will be rewarded with up to 1000x gains on your original direction
3. Although set for release in 2020, they're hitting their advertised roadmap targets to date
4. it'll be a p2p derivatives platform

PRODUCT - 9/10
Bitfair's main offering is an OTC derivatives platform. Derivatives like futures, options, and etc. have long been in existence in the traditional finance world. and current players in the market are allowing derivatives trading - but not with the sheer number of trading pairs and liquidity that Bitfair will allow. According to their site: "The Exchange will provide traders with the ability to open orders for the top 100 altcoins as liquidity increases." There will be no trade limits other than margin requirements, and we're lead to think that their liquidity strategy is based on the total value oft the account.

MARKET - 9.5/10
Unlike Bitmex, the leading competitor, Bitfair will allow trading on far more many pairs, at higher leverage and also allows the security of knowing your orders are treated on a per-account basis vs. a per-order basis. Bitmex currently has some of the highest BTC/USD volumes of any exchange - and Bitcoin oracles flock there to avail of 100x leverage, but if a particular order differs in the trader's opinion by a small amount, on a per-order basis, it's liquidated. By contrast, Bitfair will allow you to leverage against the total balance left in the account - a huge advantage.

PEOPLE - 7.5/10
The founders hail from South Africa, and have been helping the unbanked bank with crypto for years. They've also been heavily involved in other ICO projects, like Bitcoin Origin: where they've had significant success standardizing different chains through forking them and governing them. They're dedicated to crypto's success and have been helping the space grow.

The team has significant applicable experience building exchanges and in fintech. They've done projects together before, which is huge because it proves they already have their interactions and synergies in place - a tried, proven and true group!

ROADMAP - 7/10
Their roadmap has achievable goals and the ones they've achieved are monumental. It might be a long wait until 2020 to see the full product launched for some, but they have smaller, easier steps along the way that add value to token holders.

TOKENOMICS - 9/10

According to the Nasdaq.com press release (and thanks to @steemcleaners for pointing out my near-miss without quoting the source of this copypaste!):

"Presale July 9th

Round 1 - Min $25,000 for 75% bonus

Round 2 - Min $10,000 for 50% bonus

Round 3 - 40% bonus

Round 4 - 30% bonus

A purchase of $10,000 or more XFB during rounds 3 and 4 of the presale event will receive an additional 10% bonus allocation.

The presale began on July 9; the main token sale will run later in 2018. Users may purchase up to 720 million tokens, and only 1.2 billion XBF tokens will be distributed; XBF tokens will later launch on the Bitfair Exchange at a price of $0.05 per token."

HYPE - 7/10
Bitfair has 13k members on Telegram, and some fair reviews from sites from ICO Bench. They have an ongoing airdrop and are giving out hundreds of tokens to each individual who passes certain steps. They've outsourced engagement to a third party firm that has reputation and the admins are responsive, knowledgeable and fun to chat with.

CONCLUSION
Bitfair is poised to conquer a very specific (huge) market, from those traders who have a +50% Win/Loss and want to maximize returns. Their token holders will see utility and a rising price over the longer term.

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Hodl!