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ADA$2.23

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Binance Coin
BNB$352.49

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Bcnex – ICO Detailed Information


ICO Bcnex
Bcnex Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start May 3, 2019
End June 27, 2019
Rating 4.3
Status
KYC Yes
Founded 2019
Categories Cryptocurrency exchange
Platform Ethereum
Token BCNX
Soft cap $2 000 000
Hard cap $30 000 000
Minimum investment 100 USD
Tokens for sale 100000000
Accepting ETH, BTC, USDT, BCN
Whitepaper Yes
Discussion
Countries Belize
Social

Bcnex Overview

ICO description, Technical Details and Documents

Bcnex: Faster & More Secure Crypto Exchange


Bcnex is intent on providing a complex solution to four overarching issues pertaining to the dominating majority of crypto and digital asset exchanges, precisely unsophisticated and incompetently developed technical architecture; lax security of traders’ assets and operations; insufficient market liquidity which often results in slippages, a real scourge of crypto exchanges that discourages traders, especially those that operate with high volumes, for using a particular platform. Unsatisfactory customer support should also be added to the mix since it is one of the decisive factors that form the reputation of a given crypto exchange.

A robust system


Bcnex was initially developed on the basis of Ethereum blockchain, but later has been redeployed on CryptoNote, a piece of technology that is known primarily for its ring signature feature, which provides for untraceable payments, and the capability of creating numerous one-time public key to ensure the non-traceability of transactions. 

The Bcnex team, the core of which can boast vast professional experience in Forex market trading and development of trading systems in the corresponding field, has been nurturing the concept of the blockchain-enabled real-time data application system since 2009 when they had first adapted it to penny auctions.

Over the course of time, this idea evolved into the Bcnex’s own order matching system (BCOMS) capable of handling as much as 2 million orders in a second, even at low latency, thus giving the platform a potential to become the swiftest of all existing exchanges.

Another important characteristic of BCNex is its scalability and stability which is achieved through the use of the unique architecture of microservices: API, trading, and managerial, where each service possesses its own database. 

Security


The functional integrity of the exchange is ensured by the use of advanced firewalls, mechanisms for withstanding the DoS attacks, and different types of user alerts. But the thing of particular interest in Bcnex’s wallet solution that is comprised of a multitude of cold wallets with hardware modules that will ensure the safekeeping of 98% of digital funds even in the event of a major security breach.  

Liquidity and customer service


The Bcnex team assures that they would be capable of providing substantial liquidity to the exchange, even at the initial stages of its launch, thanks mostly to the large pool of investors recruited from the Forex market.

They promise multilingual support, though the choice of languages will be limited at first to English, Vietnamese, Chinese, Japanese, and Korean.

BCNX token and other supported currencies


BCNX is a utility token compliant with the ERC-223, a standard that has several advantages over ERC-20, such as the energy efficiency and the capability for rejecting non-supported tokens. These tokens can be traded against other cryptocurrencies and used to pay transaction, listing, and other fees.

As for the fees, the holders of BCNX will be entitled to substantial discounts - 75% in the first year to incentivize new users, which will gradually decrease.

Speaking of other supported currencies, Bcnex will have a rather limited list at the initial stages of its operations: only BTC, ETH, and USDT. Although, it should be extended substantially over the course of time.

The team


Ngo Hoang Quyen. The founder of the project. A seasoned investor who is associated with Bytecoin Vietnam Foundation. He is an expert in the field of tech research.

Vo Tuan Anh. The project’s co-founder and CFO. A talented digital entrepreneur and financial advisor, who carried his Forex experience over to Bcnex.

Pham Van Phuong. The co-founder and CTO. A mastermind behind the creation of the Bcnex system architecture.

ICO details


The token sale of BCNX is now in full swing, due to end on June 26 or till hardcap of $30 million will have been reached. The team decided to allocate 100 million tokens for sale, which is half of the total supply. As of now, the price of 1 BCNX is $0.15 but it can go up to $0.45 in the later stages of the ICO. Citizens of the United States and Canada are prohibited participating in the token sale.

Author: Alex Paulson for Crypto-Rating.com

Bcnex Milestones

* Crypto Rating accepts no liability for any errors in the Bcnex ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 86% 27 $42 435.30 -3.82% -10.67% $798 843 453 346 $41 875 933 869
2 Ethereum (ETH) ETH Ethereum predictions 74.8% 50 $2 898.43 -7.49% -16.63% $341 018 107 532 $25 119 846 328
3 Cardano (ADA) ADA Cardano predictions 64% 78 $2.23 -0.57% -6.34% $71 411 624 055 $5 734 484 720
4 Tether (USDT) USDT Tether predictions 96% 1 $1.001440 0.09% 0.11% $68 691 485 942 $92 416 325 974
5 Binance Coin (BNB) BNB Binance Coin predictions 60.8% 78 $352.49 -7.00% -14.45% $59 266 206 180 $2 064 251 017
6 XRP (XRP) XRP XRP predictions 75.2% 48 $0.932568 -6.42% -12.98% $43 567 385 538 $4 641 985 825
7 Solana (SOL) SOL Solana predictions 63.2% 83 $139.49 -5.82% -1.32% $41 467 489 552 $4 041 527 553
8 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000761 0.07% 0.05% $30 432 510 822 $3 991 490 878
9 Polkadot (DOT) DOT Polkadot predictions 62.8% 74 $30.77 -2.94% -9.08% $30 391 187 124 $3 785 910 016
10 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 78 $0.208918 -6.33% -14.44% $27 455 953 723 $2 219 973 271
11 Avalanche (AVAX) AVAX Avalanche predictions 63.2% 82 $73.45 -4.25% 12.05% $16 179 548 858 $2 391 193 014
12 Terra (LUNA) LUNA Terra predictions 68.8% 61 $34.85 -2.03% -0.58% $13 942 018 660 $2 307 928 114
13 Binance USD (BUSD) BUSD Binance USD predictions 95.6% 1 $1.000668 0.05% 0.05% $13 477 216 401 $6 991 450 944
14 UniSwap (UNI) UNI UniSwap predictions 65.2% 74 $19.64 -8.12% -20.80% $12 010 497 802 $461 226 982
15 Chainlink (LINK) LINK Chainlink predictions 68% 64 $22.80 -7.36% -19.93% $10 361 191 269 $1 641 630 892

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