a cryptocurrency is a digital or virtual currency designed to work as medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.
Essentially, cryptocureencies are limited entries in a database that no one can change unless conditions are fulfilled.
In early 2009, an anonymous programmer or group of programmers under an alias Satoshi Nakamoto introduced Bitcoin. Satoshi described it as a ‘peer-to-peer electronic cash system’. It is completely decentralized, meaning there are no servers involved and no central controlling authority. The concept closely resembles peer-to-peer networks for file sharing.
Defining BotXcoin
BotXcoin Token is the platform’s currency meant to tackle some of the limitations of humanity. The plan here is to make use of the latest technology and partnership programs the project will make available paasive income for the holders of its token in the loyalty program.
There is so much attention that is given to the holders of the token and in fact, they are considered as partners. In the partnership initiative of the platform, Token holders are able to use their Trading Robot application called ‘BOTX App’ that has the capacity to operate on a lot of cryptocurrency exchanges globally.
Algorithm of BOTX App
The project will be making use of four methods of algorithm which include the following:
Three pairing combination in one exchange - where a Robot will calculate, and locate the gap of three pairing in a single exchange.
The second one is referred to as a pairing between two or more exchanges – the scenario here is that a Robot compares between the same pairing in two or many exchanges. A token holder that has balance in each pair is qualifies to operate this method.
There is another one which is a pairing between two or more exchanges with arbitrage. The added advantage this method has over the second one is the fact that, if the balance is empty the Robot can then carry out the arbitrage process.
The last one is, bidding in BOTXPRO by comparing 20 top exchanges.
BOTXPRO Exchange
The brains behind this project hope to finish it by introducing a multi-currencies exchange called BOTXPRO within one and a half year from now. The novel idea here will back so many and I mean without-number cryptocurrency trading pairs. For a start, it will have BTC, ETH, and USDT markets with the trading pair of botXcoin and many other highly negotiable ERC20 tokens. As time goes on, the number will continue to rise.
The Issuance of Token
The total volume issued is 5,000 million which is equivalent to 5billion botX. It will have a standard ERC20 token hinged on the Ethereum blockchain meaning that it supports all Ethereum wallets.
The break-down is as follows
2 billion botXcoin which is 40% for initial Token sale
3 billion botXcoin representing 60% will be kept back by the company.
The tokens reserved will be used in operating a trading Robot Application, loyalty program as reward for token holders or passive income, and trading token.
https://botxcoin.com/
https://botxcoin.com/wp-content/uploads/2018/11/Whitepaper-botXcoin-4.pdf
https://botxcoin.com/botx-mvp-minimum-viable-product/
https://t.me/botxcoin