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BitValve - the future of P2P crypto exchanges

BitValve - the future of P2P crypto exchanges
Sunday 27 January 2019

 Over the past few years, the popularity of virtual currency has reached unprecedented heights. Over the years, a huge number of exchanges have opened, offering their customers many opportunities and features that allow you to trade at a professional level. However, despite this, the virtual currency market has not yet reached an acceptable level for the average user.
Among the shortcomings inherent in all current exchanges, which prevent the further development of the crypto industry, it should be noted:
  • the high amount of fees;
  • support a limited list of virtual currencies;
  • complex and incomprehensible graphical interface that does not allow ordinary users to join the trading process;
  • no support for iOS and Android apps;
  • low level of information security;
  • low quality support service;
  • limited number of payment methods.
To solve all the above problems will allow a new p2p cryptocurrency trading platform called BitValve.

Project objective

Among the main goals of BitValve developers distinguish:
  • providing global secure, fast and accessible exchange of digital assets in P2P format;
  • increasing the level of confidence in the process of trading virtual currencies;
  • creating a user-friendly graphical interface that allows both experienced traders and beginners to participate in trading.

Principle of operation

Playground BitValve will become the market leader for cryptocurrency exchanges among implementing P2P trading of digital assets, through the following advantages:
  • low Commission rate-20 percent lower than the most popular exchanges, and when using the internal token-50 percent;
  • support for a wide range of virtual currencies, which will increase monthly;
  • exchange one cryptocurrency for another;
  • simple and friendly interface;
  • having your own mobile app for iOS and Android;
  • the highest level of security;
  • 24/7 customer support and resolution of disputes with lawyers at an affordable price or free of charge.
This platform will be created using Linux, Apache HTTP Server, MySQL and PHP stack. All this means that BitValve will differ with the maximum transparency, honesty and safety.
The servers used for data processing and storage of cryptocurrencies will be located in Switzerland, a country whose legislation supports virtual currencies. It is important to note that the servers of the exchange itself will be separated from the servers with wallets for storing digital assets. This will protect the clients of the exchange from theft of funds, since even if the main servers responsible for the operation of the site are hacked, hackers will not be able to get to the clients ' funds. In addition, BitValve will have a robust security system to prevent all DDoS, POD and SYN attacks from cybercriminals.
MySQL servers will be responsible for the operation of The platform itself, using an encryption system to protect Bank account data, trading operations and even personal messages.

All operations within the platform will be performed on the basis of smart contracts created on the Ethereum Blockchain, which is characterized by maximum transparency.
Performing operations on BitValve consists of 7 main stages:
  • accessing the platform via the desktop version or smartphone application;
  • account registration;
  • place or accept a trade offer;
  • discuss the details of the transaction with another participant;
  • proceed with the transaction;
  • automatic transfer of funds from one of the parties to the agreement to the Deposit;
  • confirmation of the transaction and transfer of funds with a fee of 0.5 percent of the amount - when using the internal tokens of the platform and 0.8 percent - when using other currencies.
The main currency of the site will be BTV tokens, which can be purchased during the ICO.

Dates and details of the ICO

During the period of public sales, the developers of the exchange intend to sell 13,893 million coins. To purchase tokens will be in the period from 1st March to launch BitValve. The cost of the 1st BTV will be 0.2 dollars.
Hardcap of the project is $ 2.8 million.
The distribution of tokens is as follows:

Conclusion

Creating a platform for trading virtual currencies in the P2P format, eliminating all the shortcomings of modern exchanges, is quite an interesting idea. Given the low Commission rate of only 0.8 percent, the ability to trade anytime and from anywhere through the smartphone app and the high security, BitValve has every chance to become the most popular exchange. Therefore, investing in its development can be very profitable.

Official resources of the BitValve project:


AUTHORSHIP:
GPScrypto

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