With the crypto prices once again taking off, crypto trading is exploding yet again. However, the maturing industry now sees a lot more traders, investors, and other participants. With that in mind, it is not surprising that trading and investment instruments are evolving as well.
As a result, there are numerous platforms that aim to offer the best experience, from user-friendliness to the greatest selection of offered assets, tools, security features, and with the risks as low as possible. All of this has quite an obvious purpose — to create a strong, healthy ecosystem, attract customers, and dominate the market.
While existing platforms are constantly trying to improve themselves to reach that purpose, there are also new ones that are emerging at all times. One such project that we will discuss today is Bitozz.
Bitozz is a project that aims to create an entirely new ecosystem — one that will facilitate the crypto derivative market, where traders can go and receive access to numerous investment and trading instruments. The platform wishes to provide the best, low-risk, strategic, seamless, and highly liberating trading experience.
It plans to offer an entire array of derivative instruments, as well as the ability to speculate, hedge, and diversify portfolios. That way, it will offer something for everyone, and diversify its customers, as well as the offered assets.
Furthermore, traders will find that the platform offered quite simplified and user-friendly experience, perfect for newcomers and experts alike. Not only that, but the platform is also highly customizable so that everyone can arrange it as per their own needs and desires.
Bitozz ICO has ended earlier this year, on February 1st. Originally, it started back in mid-October 2018, which was pretty much the worst time to hold an ICO. The crypto prices were already down, and only a month after the ICO had started, the market went through its second 2018 crash. Unfortunately for the project, the ICO ended just before the prices started rising again.
Even so, the ICO did relatively well, raising approximately $5,1 million. It sold the token known as BOZZ, a utility token developed on Ethereum's network. Its price during the preICO period was $0.025 per BOZZ, while the ICO price was at $0.03 per token.
The token accepted Bitcoin and Ethereum coins in exchange for BOZZ, and it had 102.5 million units available for sale. The project itself was registered in Estonia, and it had three restricted areas — the US, China, and India. Everyone else could participate if they wanted, provided that they went through the KYC procedure.
|Start||October 16, 2018|
|End||February 1, 2019|
The project's team and advisors are more than decent, and the project also had an MVP prior to the start of the ICO, which encouraged many investors. Some information was added a bit late, which is why a lot of people criticized the project, but it only means that the team focused on the product instead of the project's image.
However, with the recovering prices and the improved trading, it is likely that the platform might live on and attract more and more attention, particularly from new traders who are looking for a user-friendly experience.
While positive on one side, it is also a good idea to pay attention to what your project might look like to others. Fortunately, the lack of info was quickly resolved, and it eliminated all of the red flags. The idea itself is far from original, and the competition is huge, as mentioned. But, there is no single perfect platform that will hold the title of the best forever, so new ones are always welcome. It is questionable whether or not it will survive, as the competition is quite strong.
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