What is BITEX?
The need for approachable financial services for the cryptocurrency economy is becoming a reality.
BITEX will provide hyper-localized crypto-banking services through their global platform to promote efficient growth across multiple continents, focusing predominantly on Asia. Cultures differ in their banking preferences — a localized strategy allows for more focused and calculated decision making.
We’re taking the sociable attributes that banks offer, such as community partnerships and building a local presence and combining them with the benefits and the efficiency that a decentralized blockchain provides.
Bitex Global Country Roll out Map 2018
Bitex Global has already raised USD 2,760,000 through the sale of licenses for the EZBitex platform software to its franchise partners in over 8 countries.
Bitex XBX Token
BITEX is conducting an Initial Coin Offering of its utility token, XBX.
All transactions regardless of the EZBitex platform will require payment of fees in XBX tokens. Such as BitexPay, Bitex Atm, Bitex Debit Card, Powered By Bitex card and so on.
XBX token utilizes a unique design that not only powers the banking infrastructure but also rewards user loyalty while cultivating a robust developer ecosystem.
By developing a mechanism to encourage adoption of the Bitex services, Bitex is able to bring more local services to its users while also increasing the supply of merchants.
0.55% of XBX token is burned as transaction fees.
32.75% of the transaction fees collected will be used to provide a discount to consumers staking XBX tokens on their own transaction fees.
Bitex Ambition
Bitex believes that it can make the greatest impact on society by working at the local level, and ensuring that the benefits of this new cryptocurrency-based digital economy can also be felt by those under-served or left out of the current banking system.
Thus, instead of starting out immediately as a global bank, Bitex wants to ensure that its solution has a local impact.
Bitex has licensed its EZBitex platform to 8 countries already, and many more are to come.
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