FxPay Reviews

FOREX

Foreign Exchange also known as FOREX or FX is a decentralized market where trading of currencies are done globally. It is also the market that determines the rate at which currencies are exchanged or traded. The FX market is a decentralized market compared to the Stock Market. Trading is carried out across various electronic platforms via various exchange agents. The Forex market is the most liquid and biggest financial market in the world recording up to US$ 5.4 trillion a day. this makes it 1124x bigger than the crypto market trade of US$ 4.8 billion trade per day.

PROBLEMS WITH THE FOREX MARKET

The Forex market although is a very profitable market, but it has problems asssociated with it. It has been predicted that if this problems can be dealt with, the Forex market turnover wil even go higher than the currebt record of US$ 5.4 trillion per day.

Some of these problem include:

i. High fees incurred by Brokers and Liquidity provider during transaction

ii. Absence of standardization concerning broker fees which makes it lack consistency

iii. Exchanging currency can be delaying.

INTRODUCING FXPAY

In trying to provde a lasting solution to the inefficiencies of the Foreign exchange market, FXPay Inc. came up with a blockchin based payment gateway solution called FXPay. FXPay offers a digital solution to solve digital problems in which it's offering digital currencies to brokers and traders. This platform has been able to address inefficiencies the foreign exchange market hs been struggling to overcome by applying blockchain technology to reduce risk.

FXPay will be an innovative platform with low fees and even better, faster transaction times which will increase profit for traders and also boost investment potentials. It will even help brokers save cost during transaction with liquidity providers.

FXPay also offers crypto investors the opportunity to prticipate in the Foreign Exchange trade. It gives crypto investors the opportunity to easily exchange their assets for a stable Fiat curreincy.

Also, in the nearest future FXPay will become it's own premium broker which will allow brokers purchase it's token at the prevailing market price.

FXP TOKEN

FXP token is an ERC20 token officially for the FXPAY platform. It is the platform's digital currency offered as the igital solution to traders. The FXP can be converted to Fiat currency or Forex credits and also vice versa most especially when trading has ceased.

The FXP can be held by both crypto or Forex traders which will allow them enjoy so many benefits. FXP token holders are automatically on the FXP ecosystem. Benefits they tend to enjoy are more profits and cheaper transactions.

Brokers are not left out of the benefits of FXP as they get to buy FXP at discount rate and distribute to their traders.

FXP token will be the chain that connects and integrates the biggest digital markets in the world which which are, the Foreign exchange Market and the Cryptocurrency Market.

N.B: The FXP being an utility coin, will continue to increase in value as long as it is being transacted in the foreign excahnge market.

OTHER FXPAY FEATURES

The FXPay being an innovative platform, has been able to introduce state of the art features giving reasons as to why it is the best option among it's like. Some of these features include;

i. Partnering with MasterCard/VISA to issue it's own dedicated debit card which can be used for transactions anytime, anywhere. They will give token holders access to currency anytime they want and even use it to pay for local products with payment being deducted from their FXPay accounts.

ii. Social wallet is a mobile application developed by FXPay for storing and transferring FXP and Forex credits. The wallet is a peronalized and secure digital wallet. The wallet application will be vailable across Android and iOS platforms.

iii. Utilization of Smart Contracts wil save customers up to 90%.

TOKEN SALE

The FXP token supply is pegged at 500 million. The sale is divded into 3 parts/ stages which will be;

i. Private Sale- For early supporters and whitelist. Here 5 million FXP will be offered at US$ 0.65 per FXP token

ii Public Pre-Sale/Pre ICO-sale- Here 10million FXP will be offered to the general public at

US$ 0.75 per FXP and might increase up to US$ 1.15 per FXP at various timing and pricing.

iii. Public Sale- Here 30 million FXP will be offered to the general public at US$ 1.25 per FXP up to US$ 1.65 per FXP at various timing and pricing (Various timing and Pricing are explained in the whitepaper).

TEAM

The FXPay Inc. was founded by Patrix Liu. He is also the C.E.O of the company. He is supported by smart professionals who make up the team list.

USEFUL LINKS

Website: https://FxPay.io

Whitepaper:https://fxpay.io/pdf/FXPAY_V.1.5.pdf

Telegram: https://t.me/fxpglobal

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