BUREX EXCHANGE
General information
BurExBurEx is a platform intended for sale and purchase of crypto currency. This is a high-performance system running on Node.js. As known Node.js is ideally suited for this type of project since it can handle a very large number of operations per second depending on the configuration of the server. This is a big advantage when it comes to large, high-loaded real-time platforms.
IdeaThe main idea of the project is to make it possible to pay for services on the Internet with various crypto-currencies without unnecessary manipulation. And she was born on the basis of the fact that many crypto-currencies appeared that no one can just take and pay for a certain service on the Internet or buy something. These coins are simply traded on different stock exchanges and nothing more. And we came up with a solution to this problem, namely, the service for accepting payments by crypto currency, and this is BuPay.
How BuPay worksThe owner of the site providing services to the Internet registers his site on the service BuPay. Chooses which crypto currency wants to accept payments on its website BTC, ETH or BUC. Accordingly, the prices for services are also set according to the chosen currency. Connects to the site a BuPay widget for receiving payments.
A user wishing to pay a crypto-currency for a service simply selects the crypto currency from his list.
BuPay through the BurEx API receives the coin price selected by the user for that which the service provider receives, generates the address and the quantity that needs to be sent to the address. As soon as the network sees a transfer to the address, the current orders for BurEx are redeemed and transferred to the seller, and the buyer's coins are transferred to the account of the order holders that were closed in the transaction.
The role of BuCoin in the BuPay payment systemFor each transaction through BuPay from the owner of the site will be written off a certain number of BuCoin-s in the form of a commission. Commissions will be about 10 times smaller than traditional payment systems. The commission for them will be floating, and with the multiple connection of BuPay to the sites, the demand for BuCoin will increase, which will lead to an increase in the price. And to save cheap commissions for accepting payments, it will decrease in proportion to the price increase for BuCoin. This way the system will work. The situation of a long transaction or insufficient liquidity of a coin has not been described above. These points will be described in detail in the BuPay documentation. The launch of BuPay is scheduled for November, 2018.
Reward to all!
As for BurEx, the platform is ready for launch and further work. After the start, there will be available for the exchange of about 20 trading instruments and new ones will be regularly added. Referral system - 25% of the referral commission. Every month, 45% of the Exchange's revenue will be distributed among BuCoin owners. Use BuCoin will be possible to pay commissions that will reduce them by 50%.
Bounty
We invite everyone to participate in the project and offer to help spread information about the project, and receive a reward
for the publication of records, articles, or videos in social. networks, forums (for example, twitter, facebook, youtube, reddit, bitcointalk, steemit, various crypto forums) and other thematic sites.
Rules: articles, posts or videos should contain information about the project, and (or) a personal opinion about the project. The length of the post is at least 500 characters. The content must be unique and contain a link to this site.
Reward: to receive a reward, you need to send us a feedback in the feedback form about your action, a link to a post or a video, and enter your login on the BurEx website. After checking you on the balance will be transferred coins BuCoin. The amount of remuneration will depend directly on the quality of the post or video, the reputation of the user if it is (the forum), the number of subscribers, the topic of the resource, etc.
The minimum reward is 100 BUC.
The maximum reward is 3000 BUC.
It also makes sense to post your referral link and after launching ICO get 10% of BUC from buying referrals, and 10 BUC for each user who came by your link
Referral link see in account settings
BuCoin
BuCoin (BUC) is a crypto currency written in the JavaScript programming language. It is fast and easy to integrate into third-party services. BUC is primarily an asset of the BurEx trading platform, which will provide advantages to the stock exchange owners. And with the increase in trading volume on the trading floor, the value of the coin will increase, as 45% of BurEx's profit will be distributed among BuCoin owners every month. A total of 100,000,000 coins can be issued. 60% will be sold in two stages of the ICO. 3% is a Bounty company. And the remaining 37% are reserved for mining for confirmation of transactions. Coin mining will be available after the development of the wallet under Windows, Linux and MacOS. These wallets will confirm transactions. The release of tokens based on BuCoin will also be available. This will not be a complex process that will make it possible for different Web services to make their internal currency using BuCoin tokens. Conducting ICO tokens issued based on BuCoin will be possible on the BurEx exchange. What use the coin will find, depends only on the imagination of everyone who wants to take part in the project.
Distribution of coins
Distribution of BuCoin coins.In total 100 million coins will be issued.
Since the project is divided into two large parts BurEx and BuPay for this and the ICO will proceed as follows:
From May 16 to June 13, 2018 will be sold 40% of coins.
From 2 to 29 December 2018 another 20% of coins.
Prices for BuCoin from May 16 to June 13 2018Pre-Sale: 1ETH = 13000BUC +30%
1 Stage: 1ETH =12000BUC + 20%
2 Stage: 1ETH =11000BUC + 10%
3 Stage: 1ETH =10000BUC
Prices for BuCoin from 2 to 29 December 2018The first week of selling coins will be available only for owners of 10,000 BuCoin coins or more. The price of coins will correspond to the price BuCoin on the exchange minus 20%. Registration of new users from 2 to 10 December 2018 will be suspended. After that, the remainder of the coins will be sold to all comers at a price on the exchange minus 5%.
The fate of unsold coins on ICO.It is assumed that only 60% of BuCoins will be sold. All coins that have not been sold on ICO will be transferred to the reserve for mining by miners. As for the remaining 40% of the coins, 3% will go to bounty, and the remaining 37% is reserved for extraction for confirmation of transactions.
