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Author Topic: FxPay Bounty - innovative technology to the Foreign Exchange (Forex) market.  (Read 31 times)
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August 09, 2018, 12:44:02 AM
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WHY FXPay?

UTILITY COIN:  FXP is an essential utility coin which will continue to appreciate in value as usage increases in the forex market and use FXP  the numerous transaction process.

PAYMENT GATEWAY: FXPay acts as a payment gateway system for the Forex industry, the world’s largest financial market. A Payment Gateway performs a variety of tasks to facilitate payments between acquiring banks and issuing banks. It determines whether transactions are approved or declined by verifying transaction information and also provides a secure pathway to exchange information between all relevant parties. The FXPay Payment Gateway allows brokers to make instantaneous payments to liquidity providers through blockchain technology. Through this method, transaction fees are reduced from the current rate of 5-7% to between 0.5-1%.


ERC20 TOKEN: FXP is an ERC20 token that operates on the FXP is an ERC20 token that operates on the Ethereum network, one of the most robust and reliable blockchain technology platforms.
The FXPay Payment Gateway will be based on the Ethereum blockchain through the utilization of the FXP token. The ERC20 token will allow FXPay to take full management of hosting digital currency. Ethereum is a well established digital currency that acts as a backbone for the platform technology, which will ensure the cyber-security for all transactions.

PARTNERSHIPS: FXPay has formed a partnership with  prominent brokers who act as facilitators and providers of Forex. Through this partnership, cash back bonuses can be redeemed for Forex credit.This credit can then be used in the market.

SMART CONTRACTS:  Utilization of smart contracts which save customers up to 90% when compared to
 current payment structures. Smart contracts allow users to embed legal documents and other pertinent information in a tamper-proof digital ledger. Smart contracts are set to revolutionize the ways that individuals and companies engage in business. Ethereum allows developers to make their own smart contracts that can be customized to their needs.


BONUS: A cash back bonus in Forex credit to private
 and pre-ICO participators who join the FXPay community. To hedge the risks inherent in the current crypto-market situation, FXPay would like to offer cash back bonuses to investors as a reassurance of the confidence in our product. Investors can immediately enjoy using their Forex Credit to make trades on one of the world’s biggest trading platforms, Forex.
All private investors will be entitled to receive a 100%, and Pre-ICO participants will be entitled to receive a 100% cash back in Forex credit all so. The credit can be redeemed at
 www.lptrades.com, the conditions of which can be found on the website.

FXPAY LIQUIDITY PROVIDERS:
FXPay Inc. will be able to bypass middlemen and maintain an advantaged presence on
 the platform by becoming their own liquidity provider. The current timeline to achieve this goal is set for the third quarter of 2018. This will benefit our partners by allowing them to acquire liquidity directly from FXPay, a much more cost-effective option compared to traditional liquidity providers.

MARKET INTEGRATION: FXP is an essential utility coin which will FXPay
 merges with the fastest growing crypto-market established and the highly lucrative forex market.
By integrating these two markets, we introduce crypto-investors to the Forex platform, allowing them to diversify their investments. Similarly,  participants of the Forex market will benefit from the incorporation of cryptocurrency usage within the new FXPay Forex structure, as exposure to cryptocurrency introduces traders to new forms of investment opportunities.

DEBIT CARD: FXPay has partnered with MasterCard/VISA to issue an FXP debit card that can be used for transactions worldwide. 
FXPay holders should be entitled to access fiat currency at any time. Through the use of an FXPay debit card, FXPay enables its holders to withdraw and pay for local products or services by deducting directly from their FXPay account. The FXPay debit card will be issued by MasterCard to ensure worldwide usability. This will be rolled out during the end of Q1 2019.

SOCIAL WALLET: FXPay has developed a mobile application for the storage and transfer of FXP and Forex credit. 
Members of the FXPay community will be required to clear the KYC/AML authentication process for identity confirmation, to establish a secure presence on the platform. This will allow them to create a personalized and secure digital wallet. This wallet will be available for both iOS and Android mobile devices. Users can send and receive FXP coins, exchanging them for Forex credit.

MIRROR TRADING: Mirror Trading is a method in Forex trading that enables traders to ‘mirror’ strategies developed by other experienced Forex traders. A trader’s brokerage account is linked to a platform where trades can be executed by selected strategies. Strategies are listed in order of profit percentage and display information regarding the strategies’ funds, mirrored funds, leverage, and a performance chart. Traders can select strategies that match their personal trading preferences, such as risk tolerance and past profits. Once a strategy has been selected, all the signals sent by the strategy will be automatically applied to the client’s brokerage account. No intervention is required by the client as all the account activity is controlled by the platform.

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