FxToken - Forex meets Crypto - Decentral Forex Exchange
Today, forex is traded on centralized exchanges where traders have to trade against spreads, commissions, fees and sometimes the broker itsself taking the other side of the trade or even manipulating the price to put traders out of the market.
The financial industry has been stagnant for more than 2 decades with the centralized establishment having taken over full control. And when all authority is concentrated exploitation is bound to ensue.
Blockchain technology changes all that for the first time due to its decentralized, incorruptible nature Decentralized exchanges DEXs or better a decentralized foreign exchanges DFX would allow traders to retain full control of their actions when trades are mediated by smart contracts on blockchains.
Therefore FXToken will develop a DFX (decentralized foreign exchanges) to finally give forex traders a chance to use the blockchain or even blockchains to use fiat or crypto currencies to trade fiat currency pairs (quotes) with no need of centralized middlem an.
Use your Euro, USD etc. and leverage all the benefits blockchain has to offer to be profitable in forex without worrying about a brokeror use your cryptos to profit from a financial market almost 800 times bigger than the crypto currency trading market.
With todays DEXs (decentralized exchanges) you can’t trade forex quotes utilizing your national currencies or without using a broker and FXToken will change this for the better.
At this Point, Privatsale is ongoing. ICO and Bountycampain will follow later in this Year
