How Does Bitxoxo Work?
Bitxoxo is an online trading exchange that helps users trade Bitcoins. Also, it allows users to gift Bitcoins to counter parties who are in need of Bitcoins. Because of this, Bitxoxo has become one of the largest crypto exchanges that accepts trades in India. It’s the first exchange that has given the country a physical Bitcoin debit card.
The company is committed to giving their clients the best services for buying or selling Bitcoin. They provide this service not only for India residents but also for crypto investors all over the world. Due to their global reach, its a highly growing platform that helps users obtain their first crypto assets.
What Problem Does it Solve?
Bitxoxo was made because of the large barriers of entry within the crypto trading world. It’s hard for users in India to trade because they don’t have a reliable location to buy and store their crypto assets.
That’s where Bitxoxo comes in. The platform allows users to set up their account and start obtaining Bitcoin easily. All it requires is for you to answer a few pieces of information on their site in order to get started. Because of this, it makes it easier for new crypto investors to get started with obtaining Bitcoin.
In Q3 2018, Bitxoxo plans to create an additional exchange to support Bitcoin Cash (BCH). The project team decided to use BCH because of its value and its efficiency compared to Bitcoin (BCH has faster transaction speeds!). Once they release the BCH addition, it will have lower transaction fees than their Bitcoin exchange.
Bitxoxo has gained its popularity because it was able to make Bitcoin trading a simplified process. In fact, they’ve created an ICO launchpad that helps users look for upcoming ICOs and invest in them. The project is always bringing in innovations to its platform, which helps investors know that it’s here to stay.
- Website: View
- Whitepaper: Read
- Fundraising Goal: $5,000,000 (Softcap) – $27,500,000 (Hardcap)
- Token Symbol: XOXO
- Token Type: ERC20
Bounty0x profile: jeremycole
Disclaimer: This post was made for educational purposes only. If you do like this ICO, then you should invest at your own risk.
- MVP included: Bitxoxo is already in its mature stages in its ICO development. They have a mobile app that’s available for Android and iOS users. So, the exchange system is easily accessible and easy to use.
- Bitxoxo Debit Card: Unlike competing exchanges, Bitxoxo has a debit card where users can go and withdraw fiat money in their native country’s currency at any time. The amount of cryptocurrency will be deducted from their wallet at the time of the transaction.
- E-University Certification Program: Once the project reaches its later stages, it will release a BCH Certification program that will be accepted globally. Once the e-university is completed, users will get a “Bitxoxo Certified Professional.”
- Limited Currency Pairs: As of now, Bitxoxo only allows users to trade for Bitcoin. While they are making updates to acquire more currencies (Ex: Bitcoin Cash), its lack of extra currencies can detract advanced investors.
- Competition: There is a multitude of crypto exchanges available. Because of this, Bitxoxo will have to continue making innovative additions to their platform to beat the competition.
Bitxoxo is a great ICO for those who are interested in crypto trading. Not only does it have innovative additions (debit card, potential e-university program), but it helps new users get their first crypto assets. We’ll have to see how it performs in the future, but so far the future is positive for this ICO.