Introducing Fxdroid - Blockchain-Friendly British Bank
Today we would like to introduce FxDroid to the community. FxDroid.io platform makes trading cryptocurrencies simple, faster, transparent & more secure.
Rethinking the Cryptocurrency Exchange Experience
FxDroid.io platform makes trading cryptocurrencies simple, fast, transparent & more secure.
Getting into cryptocurrency isn’t easy. Someone who discovers cryptocurrencies for the first time and wants to try it out quickly is often discouraged when they find out that they will need to sign up with an exchange, fund their account with a credit card or wire transfer, provide two forms of ID and set up a wallet.
People who are already trading crypto are hit with obscure fees, given poor exchange rates and have to rely on sub-optimal payment infrastructure every time when doing Fiat-to-Crypto transaction.
FxDroid is designed to improve cryptocurrency onboarding experience for the mainstream market and we’ve cut the fat that makes Fiat-to-Crypto exchanges costly.
We will make it:SIMPLER,
FASTER and
CHEAPER by building API access to all the top crypto-exchanges and constantly scanning the market and in just milliseconds FxDroid is able to execute bids and asks and get you the best exchange rate.
https://preview.ibb.co/dkZwFG/fxdrd1.pngSIMPLER and more
TRANSPARENT by creating intuitive interfaces that are immediately understandable and easy to use. We don't set any prices ourselves and will display you upfront a full breakdown of all expenses with no hidden fees or information overload.
SIMPLER,
FASTER and more
SECURE by leveraging EU’s Second Payment Services Directive (PSD2), The Payment Initiation Service (PIS) model and Strong Customer Authentication (SCA) we are able to eliminate the need to go through the account verification process or an acquirer and card scheme and the need to wait until payment has cleared.
https://preview.ibb.co/b6tEKb/Screen_Shot_2017_11_29_at_10_54_05.pngFASTER and
CHEAPER by integrating with P2P Money Transfer Platforms and blockchain based settlement networks (e.g. RippleNet), increasing the speed of receiving and making payments in a more efficient way, working out much more competitive than using incumbent banks.
https://preview.ibb.co/kr3dUb/Screen_Shot_2017_11_29_at_11_46_13.pngCurrent Cryptocurrency Exchange Experience vs FxDroidhttps://preview.ibb.co/jreVaG/Screen_Shot_2017_11_29_at_11_49_15.pngICO DetailsThis Pre-ICO round is an early-stage impact investment opportunity in a fast growth potential Fiat-to-Crypto and Crypto-to-Crypto platform that enables trading at the best possible rate in the market.
100% of the Pre-ICO funds will be allocated to the development of proof of concept and establish the infrastructure to support development.
https://preview.ibb.co/dKsYvG/Screen_Shot_2017_11_29_at_11_50_13.pngYour full contribution will be carried over to the ICO and as an early-stage investor, you will be eligible for an exclusive bonus between 50% and 100% that will be available only for pre-sale investors when we launch our ICO in early Q2 2018.
The exact bonus amount will be calculated based on the below formula, favouring those who invest early.
https://preview.ibb.co/fFTRhw/Screen_Shot_2017_11_29_at_11_51_08.pngEXAMPLE: If you make an investment when 123/400 has been raised, you would be eligible for an 85% ICO Bonus i.e. 1-0.5*123/400=0.84625
TokenOnce the ICO is successfully completed, we will distribute the ERC-20 compliant FxDroid Tokens (FXD) to all contributors. When FXD tokens are held in FxDroid custodian wallet, every time the account owner uses FxDroid platform to make an exchange, they are eligible for a discount on our transaction fees. The exact discount amount is depending on the quantity of tokens held in the wallet at the point of transaction.
We have capped the total amount of FXD that will be issued during the ICO at 2,187,500.
https://preview.ibb.co/eksK2w/Screen_Shot_2017_11_29_at_11_58_39.pngBusiness ModelBy optimizing payment flows and avoiding international transfer fees, leveraging better exchange rates than you would get from your incumbent bank and by constantly scanning the cryptocurrency market for price changes to get the best deal, we are able to significantly lower the overall transaction costs.
https://preview.ibb.co/npUhNw/Screen_Shot_2017_11_29_at_11_53_52.pngWhen individually the different fees might not look like much, they can add up quickly and the total amount you’ll actually be charged can feel pretty overwhelming. Using FxDroid, depending on which currency you need, can be several times cheaper than using regular banks and exchange services.
In return we will charge a low upfront fee, no hidden charges, to keep the system running and mitigate the exchange-rate risk.
Core TeamWe are proud FinTech nerds who have gained the experience working together and independently with some of the coolest brands in many verticals.
https://preview.ibb.co/hFgkaG/Screen_Shot_2017_11_29_at_12_01_00.pnghttps://preview.ibb.co/j0TyvG/Screen_Shot_2017_11_29_at_12_01_11.pnghttps://preview.ibb.co/gaJnpb/Screen_Shot_2017_11_29_at_12_01_19.pnghttps://preview.ibb.co/hxAp2w/Screen_Shot_2017_11_29_at_12_01_27.pnghttps://preview.ibb.co/i7SQaG/Screen_Shot_2017_11_29_at_12_01_34.pngWhitepaper - check out in more detail how FxDroid will lower transaction costs for crypto traders and simplify onboarding experience for the mainstream user.
Telegram - we are happy to answer any questions
