Article
June 06, 2022

Launching Its Native BTRADE Token, bitoftrade Continues to Shake Up the DEX Game for Good

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bitoftrade is disrupting the industry with innovative solutions to bring its traders a next-level solution, combining the best of decentralized and centralized advantages! It’s not stopping there, with the imminent launch of its native BTRADE token!

What if there was an easy-to-use platform that empowered all types of traders? A simple interface that houses advanced decentralized technologies and trading tools? Well, that platform is here and it’s about to launch its native token to power its ecosystem!

Read on to learn all about bitoftrade’s all-in-one user-friendly DEX and how and where it’s launching its native BTRADE token.

bitoftrade merges a user-friendly platform with advanced features for an optimal trading experience

bitoftrade is an advanced DEX that doesn’t require KYC for a seamless trading experience where the user has full control over their assets. It's an all-in-one trading platform designed for a smooth user experience, so you can access advanced trading features without switching platforms and wave goodbye to all those unnecessary steps.

bitoftrade values users’ privacy, so customers remain completely anonymous and aren’t required to register or verify the source of their funds. Plus, it’s non-custodial, so users have full control over their funds and can choose to withdraw whenever they want.

It’s a much-needed breath of fresh air for newcomers and OG traders alike!

The team at bitoftrade realizes that traders highly value their time, especially since trading opportunities come and go in the blink of an eye in super-charged markets. It’s easing users’ concerns by providing the best available instruments for trading on high volatile crypto assets, while helping users keep control over their assets so they needn’t worry about hacks or bans. They can seamlessly transfer crypto-assets between different blockchains with cross-chain swaps, regardless of which blockchain their assets are based on. Its passive income platform is designed to help users improve their productivity and generate a passive income from crypto. At the same time, its investment data dashboard will bring the most up-to-date market data for making trading decisions.

With bitoftrade, users benefit from a range of exchange features including swap, leverage, and limit trades with all tokens available on multiple networks as well as derivatives.

Supported trade types and networks

Currently, bitoftrade supports the following trades and networks:

  • Token swaps: Ethereum, Binance Smart Chain, Avalanche, Fantom, Polygon.

  • Limit swaps: Ethereum.

  • Leverage: Ethereum.

bitoftrade platform key features

bitoftrade is on a mission to provide crypto traders with the best solutions under one roof, for a simple, secure, and transparent way to trade crypto-assets. To achieve this, here are the key features they’re implementing within the next 6 months:

  • User-friendly interface. bitoftrade offers both new and experienced users an easy-to-use and intuitive user interface for a simple, seamless customer experience.

  • Multi-chain wallet. Users will have full control over their crypto-assets, so they can invest across multiple blockchain networks without compromising their security or fearing hacks or bans.

  • Fiat to crypto. Lowering the barrier to entry into the market for newcomers and making it easier for veteran traders to invest with the acceptance of fiat to crypto payments.

  • Passive income platform. Optimize investment productivity with the help of bitoftrade’s passive income platform.

  • Investment data dashboard. Trade like a pro, with access to all market data and statistics in one place!

  • Crypto portfolio tracking dashboard. Easily monitor and manage all of your investments across multiple wallets, protocols, and blockchains.

Launching the BTRADE token this Summer

bitoftrade is creating an inclusive community that’ll empower BTRADE token holders with the right to vote on and impact future projects. To help the community thrive, members will be rewarded according to their contribution to the project.

The BTRADE token will be made available on the bitoftrade website and other DEXs that support ERC-20 tokens. To create an initial liquidity pool, founders will use Uniswap, Balancer, or a similar liquidity provider.

BTRADE key features and tokenomics

Token allocation and distribution

Stage 1

In stage 1 starting from token launch, 90% of the initial supply will be released for founders. The final 10% will be set aside for the bitoftrade team, advisors, and community. For stage 1, tokens will be distributed to the secondary market with simple transfers directly from the founders’ wallet.

Stage 2

The start date for stage 2 is pending evaluation of the token price. Once the token price has been determined, founders may choose what portion of their stake is distributed to public investors. bitoftrade is always looking to minimize the need for unnecessary intermediaries, so an automated market maker (AMM) model is preferred for stage 2.

In the future, founders will vote and set new distribution proposals. So, while there’s no specific distribution schedule, users can familiarize themselves with founder motivation and see how tokens have been historically distributed.

Revenue-sharing model

Keeping the platform fully decentralized, revenue from trading operations accumulates in a DAO-driven vault where, based on DAO decisions, revenue will be distributed in three directions. The Operations wallet will be used to finance ongoing operational activities including team salaries and infrastructure maintenance. Accumulated funds will be shared among public BTRADE holders via a distribution contract. Finally, the treasury wallet will be accumulated and controlled by the founders.

Distribution of funds

To promote further development, funds in the Operations wallet will be distributed to three key business areas: marketing, ops, and R&D. 50% of funds will go to marketing for expansion into new geographies, while 25% will cover ops. The final 25% will fund R&D for all the new and ongoing exciting projects launching on bitoftrade.

10 million tokens will be released in the initial seed round, with a locked-in period of three months and an additional 36-month vesting period. Another 10 million will follow in the private round, with a 1-month locked-in period and a 24-month vesting period.

Revolutionizing finance and trading thanks to blockchain

bitoftrade is gearing up for the next stage of its mission to disrupt the crypto market and revolutionize the way people interact with crypto. As the platform breaks new ground, it’s maintaining its user-centred ethos, with the imminent release of the BTRADE token set to be an exciting prospect for new and experienced crypto investors alike.

bitoftrade is taking active steps to narrow the crypto customer experience gap too. Help is always only a click away via live chat, email, or phone, so there’s no more waiting around for support on your account unable to capitalize on market trends. bitoftrade’s customer-oriented approach ensures its platform is always accessible to new and experienced traders alike.

bitoftrade’s CEO, Igor Chygrynov, is a big believer in the power of blockchain technology to revolutionize the global financial system. For Igor and his team, inclusivity and full transparency are the guiding principles for everything they’re doing and hoping to achieve.

He explains that: “We’ve always taken a customer-focused approach to all aspects of our platform, putting the user at the heart of everything we do. Now, with the introduction of our native token, that means that BTRADE holders will have the power to impact critical decisions like distribution level, platform fees, and other exciting community initiatives we’ll be launching in the coming months.”

To learn more about bitoftrade and to be waitlisted for a chance to purchase BTRADE Tokens in the pre-sale and to receive the whitepaper explaining the current offering, please send an email to info@boldcapitalgroup.com or leave your details here. BTRADE Tokens, once launched, will be made available for trading on bitoftrade and other DEXs that support ERC-20 tokens.

Don’t be late for the party! Keep up-to-date with all the new and exciting developments via the below official bitoftrade community links:

Official bitoftrade website including access to the trading platform and detailed user guides

Getting started: video tutorials

bitoftrade official Telegram channel

bitoftrade official Discord channel

To request a new platform feature: Request Features | bitoftrade

Exciting developments and updates are coming to bitoftrade Be the first to know.

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