#1 Derivatives ecosystem for crypto assets
Abstract
BITOZZ is creating a completely new ecosystem, built to facilitate a crypto derivave market where traders have access to variety of trading and investment instruments, enabling a highly liberang, strategic, low-risk and seamless trading experience. With its array of derivative instruments, BITOZZ offers its users the freedom to hedge, speculate and diversify their portfolio. Traders of all styles and grade will find a product of their liking and a platform that not only simplifies their experience but also lets them maintain a high degree of control over customising that experience. By expanding the choices for our customers, our ecosystem will aid in deciding what strategy is most suitable for invesng and trading their assets. An increase in choices and improved experience translates to sasfied customers, leading to a larger pool of parcipants and thus to greater liquidity of the cryptocurrency market. However, we are not limited to only derivatives products; as the user of a one-stop-solution; our customers will be able to avail even more trading and investing opportunities via our extended product offerings. BITOZZ is creang a brand new decentralised ecosystem, where traders have access to mulple trading and investment instruments, coupling this with innovave plaorm features, a diverse customer base will be aracted to not just come to trade on the exchange, but stay on as loyal users. Specializing in blockchain and smart contract technology, Bitozz Exchange aims at building a network that could make - not just cryptocurrency trading - but any trading less complex and more diversified in offerings.
Which problems do we solve.
Tradional type orders like limit and market order. There are investment tools only for general public. Lack of Leverage Trading options in all cryptos (Including Futures and Options). High Carrying Cost in Margin Trading (Lending) Existing platforms charge high lending cost based in me of holding your margin position like loans.
How do we do it.
Implementation of the most advanced order types facilitating algorithmic trading for users. Bitozz aims to expand the market by opening doors for Hedge Funds, ETF, and Mutual funds by providing advanced tools. Bitozz Exchange will not be limited to just derivatives products; as the user of a one-stop-shop solution, our customers will be able available to even more trading opportunies via our extended product offerings. Despite the numerous products, tools and services, trading fees are as low as it gets: pay no trading fees at all for buying BITOZZ tokens and get discounts on trading fees for various services by using our native BITOZZ tokens. Trading & investment instruments like derivatives don't need to be limited to tradional financial market. To open up new and improved trading possibilies, BITOZZ is passionately creating diversified financial instruments to trade in crypto assets starting with futures and options for all cryptocurrencies listed in beginning.
Further mainstream problems solved.
While our customers love to trade with digital currencies, we are equally passionate about addressing challenges that exist in the current crypto market. From an excellent customer service & diversified crypto trading instruments to advanced trading simulator & analycs tools, BITOZZ is taking all challenges head-on. Customer service on current cryptocurrency exchanges is becoming a primary concern as exponential growth leads to an ever larger backlog of issues. User trust is eroded when there is no reasonable expectaon that a support cket will be resolved in a timely manner, especially for me sensitive issues such as fund withdrawals and inaccessible accounts. User funds are oen locked up for months without any answer from customer service. In an emergency, mely access to funds is essenal, and these issues must be handled as expediously as possible. At Bitozz Exchange, one of the top priorities is a pleasant user experience, and the largest user experience improvement to be made on current cryptocurrency exchanges is customer support. A customer support ticket system is essential, of course, but it is useless without adequate staffing and training. Bitozz customer support is overstaffed and easily scalable. As the number of users grows, so does the customer support team, seamlessly. These are the customer service areas that are most important: Easy-to-use ckeng system; Fully-staffed and well-trained support team; Fast resoluon for login/account issues; Fast processing of withdrawals. Bitozz sets the standard for quality responsive customer service
Security measures.
BITOZZ has idenfied and reviewed the best industry practices in terms of security measures and designed our platform to include top-level security features to safeguard both the client's funds and trading operations from hostile penetration attempts. Some of the key security features include: Secure cold storage with cold wallet management, Cryptocurrency Security Standard (CCSS), Third-party security auding for Level 1 CCSS certified platform. Moreover, insurance of online/hot wallets, up to 3-Factor Authencation, multi-Firewall Protection, DDoS prevention, OWASP Top 10 Compliant, Extended Validation, SSL Cerficate. We plan to conduct quaterly internal and external audits, working with credible security audit firms to ensure we provide the best possible security and infrastructure to traders on our platform. We want traders to feel safe when they trade with Bitozz Exchange and this is part of our commitment to their security. Web application firewall that helps protect web applications from common web exploits that could affect application availability, compromise security or consume excessive resources. Perimeter defence with firewalls to separate public internet from private Demilitarized zones (DMZ). Secrets manager makes possible to easily rotate, manage and retrieve database credenals, API keys, and other secrets throughout their lifecycle. Managed threat detection service that provides with a more accurate and easy way to conntinuously monitor and protect server workloads.
Token features.
Buy-back plan: Every quarter, we will use 10% of our profits to buy back Bitozz Tokens and burn them, until we buy 59% of all the Bitozz Tokens (302,045,455) back. All buy-back transactions will be announced on the blockchain. We will eventually burn 302,045,455 Bitozz Tokens, leaving 210 Million Bitozz Tokens in circulation.
Dividend: Every month, we will distribute on pro-rata basis 10% of our profits (Payable in BTC) to Bitozz Token Holders holding the coin for more than specified days as on the date of distribuon. This practice of distributing bonus will be continued until 31st of December 2022.
Referral Income: (Invitation Bonus) becomes payable to a person inviting new users on our plaotform for investing or trading. An incentive of 10% of the amount invested would be given for all direct referrals (5% to be paid in BTC in real time and 5% to be paid in Bitozz Tokens on 30th June 2019).
Bitozz tokens as collateral: Bitozz tokens will be accepted as collateral for fiat loans. We have already partnered with Depository Network and in talk with few major fiat loan providers.
