Bitpaction, the first intelligent digital asset exchange

What is bitpaction

Now the block chain is in the preliminary development stage, it has already been updated to version 3.0 from 2.0, but the conventional exchanges still remain in the version 1.0. Bitpaction was established to building a new user-centered digital asset trading ecological system, promoting upgrading of digital currency exchange into the version 2.0 and overturning the operation modes of conventional exchanges, to providing users simpler and securer trading experience and attracting more users.

Our technical advantages:
compare to other exsited exchanges in the market, the technical advantages mainly are:

Data security:   relational database service (RDC) with multiple protective measures is used in the platform for realtime monitoring of database performance.

Fund secuity:  wallet management is allocated with the secuity plan far superior to that of ordinary banks and financial organizations.

Stable system:   the trading platform is built in strict accordance with financial standards, and with the transmission encryption protocol in line with the industrial standard to ensuring that overall process of core orders suffers from no delay and jamming.

Stable network:   The trading platform achieves intelligent analysis on network traffic and load conditions to providing rapid access to investors' request.

our unique features:
Simple and convenient:   compare to other exsited exchanges, the operating procedure of our platform are simpler and easier for users without systematic expertise.

Profit-stop and loss-stop:   users may set the amount of increase or decrease of the digital asset in the personal center, when the digital asset exceeds the setting value in the trading market, the platform will automatically put it on sale. This fuction ensures that your asset is secure even under the unmanned circumstance.

Service charge feedback:   The system will make statistics of the total service charge each user spent on Bitpaction. Users may exchange BPS valued maximum 50% of their total service charge for other digital asset at any time.  BPS would premium with the price not lower than 0.76 USD under this circumstance. Therefore, investors’ BPS is at least worth 0.76 USDT at any time.

BITPACTION Token System

Release Planning and Position Locking Time

The total issue amount of BITPACTION tokens (BPS) is 300 million, without additional issue. It distribute as below：
(1) Individual investors hold 120 million BPS (40%).
(2) Angel investors hold 60 million BPS (20%).
(3) Strategic partners hold 30 million BPS (10%).
(4) Start-up teams, i.e. founder and core development team, hold 30 million BPS (10%).
(5) Community funds hold 60 million BPS (20%) for developing applications, marketing, block chain study and legal team. Moreover, a proportion of the tokens will be appropriated as a bonus pool of funds.

To ensure interests of all investors and healthy operation of the exchange in the early stage, BPS is released in three months, i.e. 30% in the first month and the second month respectively, and 40% in the third month.

Bonus and Value of BPS

The investors who invest in BPS get 5%-10% of his transaction fees deducted permanently.

Due to the service charge feedback, the value of BPS would not go lower than 0.76 USD.

Repurchase and Destruction Mechanism

After the Bitpaction exchange officially rolls out, we will officially begin the repurchase and destruction program. We will spend 30% of net profit in BPS repurchase in every 6 months and the repurchased BPS will be directly destructed until the total number of BPS becomes constant at 200 million.

Desterilization Plan of Token for Teams

Members of core team hold 10% of BPS, and technical locking of the 10% will begin upon completion of token offering.
10% (3 million) will be desterilized after 6 months;
30% (9 million) will be desterilized after one year;
30% (9 million) will be desterilized after two years;
30% (9 million) will be desterilized after three years;

Funds Use Planning

45% of gained funds will be used for marketing, operation and promotion, including promotion fees of offline and online platform, funds support for various kinds of marketing activities to help Bitpaction to take up markets and attract investors to trade in the platform.

30% of gained funds will be used in platform operation, including function development and daily system maintenance of the trading platform and salary, bonus and research and development fees of development personnel and others.

15% of gained funds will be used as flexible funds, so that the project can respond in a xtimely manner in case any emergencies occur to ensure normal operation of the system.

10% of gained funds will be used for establishing communities and daily maintenance of communities. A bonus pool will be established, and individuals or teams contributing to the Bitpaction in the early phase will be awarded with bonus.

Plans for Future Development

The 1st  quarter of 2018: Promote brand recognition in the industry. Finish BPS sales, on-line the exchange. Improve C2C trading module. Conduce a series of platform promote activities.  

The 2nd quarter of 2018: Launch one to three types of more diversified BPS fund products to provide more choice for user.

The 3rd quarter of 2018: Sum of daily average transaction exceeds 100 millions, and numbers of types of digital currency products exceeds 70.

The 4th quarter of 2018: Connect online stores, develop settlement modes of BPS+U.S. dollar and other currencies, and open up closed loops in commerce.

The 1st  quarter of 2019: The platform is transformed to be globalized, diversified and comprehensive, and we will deeply cooperate with governments, funds and futures.

The 2nd quarter of 2019: Obtain qualification license for future trading and offer futures trading.

Finding global marketing partners

Bitpaction is finding marketing partners all around the world for market promotion, Local community build and management. If you are interested or have any question, please contact us by email: bitpaction@gmail.com

About us:

Website: https://bitpaction.com/v/#/index
Whitepaper: https://resource.bitpaction.com/whitepaper/Bitpaction_White_Paper_EN.pdf
Email:bitpaction@gmail.com
Telegram: @foodbig
Facebook: facebook.com/bitpaction
Twitter: https://twitter.com/bitpaction

that is a thing I clearly realized. We will do our best to provide the satisfactory customer service when the exchange get online.

yes we are in the process of this, thank you very much!

this also related to the user experience. Indeed it is the most concerned thing to everyone, and it proves our strategy of offer the best user experience to every user is correct. I am ensure you that everything you have mentioned has been considered, and we are trying to make sure that everything would go perfectly well when the exchange get online. thank you very much!

We would do our best at those two aspects, thank you very much!

There does have a develop planning for our exchange, but I still wish I could get suggestions as many as possible, even one more extra advise may bring a significant progress. Especially at the period that the exchange gets online, I would require more comments, no matter positive ones and negative ones from you guys. Thank you very much!

I understand that user experience is very important and I know many existed exchange are doing not so good at it which brings lots of complains, so we will take it very seriously and carefully, including user-friendliness, customer service, transaction speed and so on. Also there would have a very low service fees compare to other exchange.

As the idea of Youtube videos and blog posts, it is absolutely a brilliant idea. I think we would do this after we get our first group of users, it could publicize our exchange and attract more users efficient. Thanks for you inspire! I sincerely invite you to be the first user of our exchange when it get online

this is exactly what we are going to do when our exchange get online, and also if you invite someone to sign up on our exchange, we would offer the invitation bonus, for both you and the person accept your invitation. those bonus can be used to deduce the service fee. I think it is really good idea and I hope people would love this, and I hope you would love this when our exchange get online

自己研究了半天没有研究出来，是不是跟积分有关

Thanks for you kindly advise! Truly it is not an easy case our team have work on this project for quite a long time, they are all very good men, I believe they did their best to make things right. I sinceremy invitate you to come our exchange to have a try when it get online, to see if it could make you happy as we expect

I know this is the most important thing for an exchange, we are testing the system, especially the part you've mentioned continuously right now because we know this is the way we could beat our competitors. For that reason we have to make the system perfect, it is really a significant issue for our exchange. Hope you could come and try when our exchange get online at early march, then tell me what is our advantages and weaknesses to improve our exchange.

thanks for you encouragement! I understand user experience is very important and I know most existed exchanges are not so good at user experience, not only respond too slow. As for the exchange fees, I am sure we would offer a scheme that acceptable for everyone. Our exchange will be online at earlier March, I hope you could come to experience and tell me your feeling at then.

our homepage will online, hope you like it.

Because I think survey may limit people's mind, I wish I could get advise at all the aspects of exchange, any opinion would be considered seriously and marketing strategies are turly important that we would release carefully in a few days. Thank you very much! Wish you have a good day.

that is quite a creative thought! I think I need some time to think about this, I would like to have a further discuss about it! As for the kind of exchange, I think Crypto/Crypto is more likely, because it could avoid much troubles. Thanks for you opinion, I start to think about it right now...

Because we think lots of those existed exchanges have bad user experience, it makes our project has a slightly chance to beat them and we'd like to give a shot. Actually I think our biggest challenge is not technical but to convince people believe this is a reliable exchange and willing to come. As you metioned about get Bitcoin at one exchange and transfer to another exchange to trade, I guess because most big exchange would avoid exchange between various electronic currencies and legal tender to reduce legal risks.

Well that would be good but try to ride with good features and new promotions so that your exchanger site will became popular, also try to do some poll so that you could get the pulse of the people on what kind of features or ways of coin addition will your site have so that you can gather much attention to the people who seeks their coin to be added on new exchange come here.
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That very helpful! We would work on it right away. Hope you would come to experience  and offer further advises when our exchange get online. Have a nice day~~

obviously there is a team for this project the exchange would be online in few weeks~

I am going to start a digital asset exchange just like binance, can I have some suggestion about anything such as how to attract users, how to improve users experience or how to administrate the system from you guys? Wish to communicate with you.  

our website has just online as follow: www.bitpaction.com, and there is our whitepaper link on the website. Hope you guys could take a look and tell me what is you feeling about this. Thanks!

And now the demo of the exchange is available, hope you guys could come and experience then tell us how do you think, thanks!

I am going to start a digital asset exchange just like binance, can I have some suggestion about anything such as how to attract users, how to improve users experience or how to administrate the system from you guys? Wish to communicate with you.