XBTPro native token. It is an ERC20 token based on the Ethereum blockchain with plans to migrate to a native blockchain in the near future. It will offer discounts on trading fees when users choose to pay them in NEXBT as well as exclusive access to new features on XBTPro.
XBTPro is one of the exchanges contributing to crypto’s growth, and after a successful launch, the exchange is now gearing up to raise funds with the issuance of its native, ERC-20 token, the NEXBT token.
The XBTPro Exchange is a crypto exchange supporting the basic deposit, buy, sell and withdraw features as well as margin trading (up to 100X leverage on selected pairs coming soon), a demo trading mode (coming soon) and a matching engine that can process up to 5,000 orders per second.
By design, the exchange has been kept simple and intuitive, so as not to clutter user interface. The minimal design and coding also allow for faster, more stable performance, and the exchange employs cutting-edge security protocols, certified by BlueSwarm , for maximum reliability.
For the convenience of user, XBTPro offers 24/7 support, and very low fees (except for transaction fees), and no KYC requirement for withdrawals under $10,000.
XBTPro Security Features
XBTPro supports two-factor authentication, adding a critical layer of protection for user accounts. As a user, if you activate 2FA you can either sync Google authenticator or receive one-time codes on your smartphone every time you sign in.
All user withdrawals require email confirmations, adding another security layer for protection of user funds.
IP address monitoring
XBTPro monitors IP addresses for every login, enhancing user-account security.
Secure API key setup
XBTPro supports the use of API keys for power users, but allows per-feature permission customization for improved security.
Responsible data management
XBTPro stores user data in a secure and legally compliant manner. All user information is encrypted and passwords are hashed, which means even we cannot access user accounts.
Crypto exchanges rely on trading fees for revenue, but given how competition in the space has been ramping up, exchanges have been forced to seek new, alternative revenue avenues. XBTPro doesn’t just rely on trading fees but also generates revenue from:
Crypto Gambling and Bitcoin Price Betting
Bets on Bitcoin Price
Initial Exchange Offerings
New Token Listings
In the future, revenue generated will also be used to buy back NEXBT tokens from the market, stimulating their demand and providing capital appreciation to token holders.
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The NEXBT token will be launched as XBTPro’s native token. Every new user will receive bonus NEXBT tokens with the first deposit, and the tokens will be used for anything, from trading fee discounts to discounts in spreads, new token listings, IEO quota allocations, referral payments, airdrops, bounties, and competitions.
Technically, NEXBT will be an ERC-20 token, and will be issued on the Ethereum blockchain initially, with plans to migrate to a native blockchain in the future.
NEXBT Token Features
Users holding NEXBT tokens will pay lower fees and will get access to NEXBT denominated markets for lower spreads. This, coupled with the fact that the exchange charges no fees on deposits and withdrawals (apart from blockchain transaction fees), makes XBTPro one of the most trader-friendly exchanges.
IEOs and new listings
All initial exchange offerings on XBTPro will require NEXBT holdings for quota allocations and new token purchases. Similarly, new exchange listings will also require payment in NEXBT tokens. Finally, holders of NEXBT tokens will, in certain cases, get first access to new markets after tokens are listed on XBTPro.
All marketing activities, including competitions, bounties, airdrops, and referrals will be paid in NEXBT tokens, adding further utility for both users and the platform, alongside expanding the XBTPro user base.
This article is writing on 14 May 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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