Buzzex – The Cryptocurrency Exchange built for the benefit of Traders and Investors

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Providing features that will help the cryptocurrency ecosystem grow is main goal

Features

Buzzex aims to become the “number one” place for crypto investors to trade cryptocurrencies and manage their crypto portfolio. To achieve this, have been building Buzzex from the ground up for nearly a year and have integrated a lot of features for new and experienced traders. That’s why priority is to benefit the traders, because believe that they are an important factor in the growth of the cryptocurrency ecosystem. Also aim to keep on enhancing trading platform to keep up the pace with the fast-changing crypto environment.

Below is an overview of the key features of the Buzzex Platform:

Enhanced Security System

The most important feature can provide for customers is the security of their digital assets. That’s why never store members’ holdings in so-called “hot wallets,” but keep them safe in cold storages. To keep members’ accounts safe, have integrated 2-FA verification to perform functions such as login, account details change, trading and withdrawals.

High Performing Trading Engine

Stress tested thoroughly, the trading engine of the Buzzex Platform is able to handle millions of trades per second. This allows trades to go through in milliseconds and prevents traders from losing out on trades due to laggy infrastructure.

Daily Dividends

In order to acknowledge users of platform, will distribute the majority of revenue (80%) in the form of daily dividends. Buzzex exchange houses Buzzex Coins (BZX), which have several uses. More about BZX will follow in the upcoming sections.

People that hold at least 20,000 BZX will earn daily dividends from the trading fees earned by Buzzex. Dividends are paid in all base currencies of the Buzzex exchange and through other dividend earning tokens. People holding more than 20,000 BZX will earn more dividends, based on the amount of coins they hold.

Up To 100% Discount On Trading Fees

Buzzex Coins do not only pay out dividends, but also allow traders to get from 5-100% discount in trading fees just by holding the coins in their exchange wallet. In order to get the discount, traders need to hold from 1,000 to 20,000 BZX in their wallet. With this setup, Buzzex aims to cut the cost of trading for traders tremendously, compared to the cost on other exchanges, where they lose up to 0.3% on every trade.

Buzzex Coins (BZX)

BZX are utility coins built on its own blockchain, which can be used for various things inside the Buzzex Platform and outside of it. The ultimate goal of BZX is to become the number one used coin in the world. For this, need to have some sort of inflation rate. Have set the inflation rate at 3.5% the first year which then gradually decreases yearly. Thus as the supply of BZX grows each year the inflation percentage would decrease each year as well.

Buzzex Coin (BZX) Specs

Here are the Buzzex Coin specifications:

Initial Supply: 750,000,000
Block Size: 2 MB
Block Time: 60 Seconds
Transactions: 154 Tx/Sec
Mining: Proof of Stake (POS)
Block Reward: 50 BZX Per Block
Rewards: 60% Masternodes – 20% POS – 20% Governance Protocol
Masternode Collateral: 10,000 BZX

BZX can be used on the Buzzex Platform to:

Get up to 100% discount on trading fees
Trade them for all other coins on the Buzzex Exchange
Cast votes to get new coins listed
Earn daily dividends
Receive weekly airdrops of dividend earning ACTs

Other tokens that provide less benefits to traders than do have been performing very well in the crypto space; even in the so-called bear market. Some examples include:

None of the tokens mentioned above have the same range of benefits as Buzzex will provide to people holding BZX. The unique feature lies in the fact that traders don’t need to spend BZX. Instead, they just need to buy them and hold them in their wallet to receive a range of benefits on the Buzzex Platform; while still being able to sell them whenever they want to. This will also ensure more and more BZX are taken off the market, as more and more traders join the Buzzex Platform.

Overview of how BZX can be used on the Buzzex Platform

1.Receive a discount on trading fees from 5-100%

In order to get the discount on trading fees, members must hold a certain amount of BZX in their Buzzex wallet.

Here is an overview of how much discount BZX holders will get for holding a particular amount of coins:

BZX can be withdrawn at any time after the transaction fee mining period has ended and they can then be traded on the Buzzex Exchange for other cryptocurrencies.

2. Earn Daily Dividends

40% (out of 80% revenue share as dividend payments) of the total profits of the Buzzex Platform will be used to pay dividends to members holding at least 20,000 BZX. The amount of dividends will be based on the amount of BZX that you hold.

Here is an example:

50 million coins are locked by qualifying members (holding more than 20K BZX)
You hold 100,000 BZX
$50,000 worth of trading fees are distributed to qualifying members daily
You earn 100,000 / 50,000,000 * $50,000 = $100 per day
The minimum amount of BZX to hold in your Buzzex wallet to qualify for dividend payout is 20,000 and the amount of coins you hold above this number will be used as a base metric to calculate your share of earnings. Earnings are distributed automatically once per day, based on the amount of the coins you hold at 12 pm CET.

3. Receive Weekly Airdrop Of Dividend Earning Tokens

40% (out of 80% revenue share as dividend payments) will be used for the ADZbuzz Daily Profit share. ADZbuzz members, who own ADZbuzz Community Tokens (ACTs) qualify for daily profit share.

Members that hold more than 20,000 BZX will receive an airdrop of ACT’s (ADZbuzz Community Tokens). These ERC20 tokens represent ownership of communities on partner site ADZbuzz.com and they earn owners daily dividends as well. 40% of total revenue from trading fees on the Buzzex platform will be distributed to the ADZbuzz daily profit share; meaning that people holding 20,000 BZX or more will grow their crypto portfolio even bigger, and additionally earn daily dividends from this source as well.

Once a week, an airdrop of ACTs will take place and the amount of tokens you receive will be calculated the same way as it is for the daily dividends on the Buzzex Platform.

4.Trade BZX For All Other Coins Trading On Buzzex

BZX can be unlocked at any time after the initial transaction mining period and since they will be a base currency on the Buzzex exchange, they will have their own trading pairs with all other coins listed on the exchange. That means BZX will trade for hundreds of cryptocurrencies.

5.Vote For New Coins To Be Listed On Buzzex

Buzzex will continuously add new cryptocurrencies to the platform. For this, have a voting system, in which BZX holders can vote based on how many coins they hold. Here is an overview of how it works:

Hold 20,000 BZX and you can cast 1 vote
Cast 1 more vote for every additional 10,000 coins you hold
Votes count as long as you hold 20,000 or more BZX
Once a coin you voted for gets listed, your voting power is returned back to you to vote again!

Buzzex Coins Allocation

Benefits Of Buzzex Coins

There are various ways for people to benefit from holding BZX whether on Buzzex or externally. The benefits of BZX are immense and are listed below:

Earn Daily Dividends & Weekly ACT Airdrops From Buzzex

Up to 80% of trading fees earned on the Buzzex Platform are sent back to people holding 20K or more BZX in their exchange wallet. 40% directly via Buzzex trading volume and 40% indirectly via ADZbuzz profit-share from holding the dividend earning ACT airdrop tokens.

Get Up To 100% Discount On Trading Fees

If you hold between 1000-20,000 BZX in your exchange wallet you would get a discount of 5-100% for every trade you make on Buzzex.

Vote On Your Favorite Coins

People holding 20k or more BZX in their Buzzex Exchange wallet would have voting power on which coins should list on the exchange.

Get Staking Rewards

People holding any amount of BZX in their offline wallet can earn daily mining rewards for helping to secure the BZX network. 20% of the mining reward plus the network transaction fees would be distributed to people staking the coin.

Get Masternode Rewards

People setting up BZX masternodes will be able to earn from 60% of the mining rewards for helping to instantly verify BZX transactions. People will be able to set up masternodes when holding 10,000 BZX to earn rewards.

Roadmap

Q4 2018

PRE-LAUNCH BUZZEX PLATFORM

The pre-launch campaign of the Buzzex Trading platform will allow all members to earn Buzzex coins through various bounty campaigns and referring others to the platform, as well as buying coins at a heavily discounted price.

LAUNCH BUZZEX COIN BLOCKCHAIN

Just before the Buzzex Exchange platform launches, the Buzzex Coin blockchain will go live and BZX holders will be able to stake coins or set up masternodes to earn daily rewards from the blockchain.

Q1 2019

LAUNCH BUZZEX TRADING PLATFORM

During the first quarter of 2019 the Buzzex Trading platform launches and will start rewarding Buzzex Coin holders (minimum 20K) with daily bonus crypto for holding BZX as well as rewarding them with weekly airdrops of more dividends earning coins.

LAUNCH OF BUZZEX TRADING API

The Buzzex API will allow traders to automate their trades and create bots to increase their trading profits. The API will be very powerful and execute trades in a matter of milliseconds, avoiding any delays to execute orders.

Q3 2019

END OF TRANS-FEE MINING PERIOD

In the first months of the Buzzex Trading platform launch, traders will be able to earn Buzzex Coins for trading (500 million BZX maximum). For every $65 they trade, 1 BZX will be instantly credited to their account (value = $0.13).

OPEN UP BUZZEX COINS MARKETS

Expect the trans-fee mining period to last 3-6 months (6 months maximum) and the moment this happens the BZX trading pairs on the Buzzex Exchange will open up, allowing traders to buy BZX to get a higher discount on trading fees or earn more daily crypto.

2020

OPEN UP BUZZEXPAY GLOBAL PAYMENT SOLUTION

BuzzexPay will connect to the Buzzex Exchange and will allow online merchants to set up a payment gateway to instantly receive 100+ cryptocurrencies as form of payment with ultra-low fees (0.1%). Buzzex Traders will be able to buy products with the click of a button.