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Burstex

WORLD'S FIRST CROWD OWNED CRYPTOCURRENCY EXCHANGE

Burstex is a crowd owned exchange which allows anyone to own a part of it and earn profits on trading fees. Burstex is built on the completely decentralized Burst blockchain run by an open source community of skilled and enthusiastic developers. Burst is mined using PoC (Proof of Capacity) technology and finally making mining eco-friendly. PoC allows Burst to make instant transactions and be infinitely scalable, giving us an advantage over our competitors. The Burst blockchain enabled us to provide a fast, secure and trustless environment.

2.4
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Benchy 2.4
KYC
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Review: coming soon PRO
Ended
Token
BEX
Type
Price in ICO
0.0035 USD
Country
Whitelist/KYC
None
Restricted areas
USA
preICO start
15th Feb 2020
preICO end
16th Feb 2020
ICO start
16th Feb 2020
ICO end
23rd Feb 2020
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About Burstex

Burstex.io is the world's first crowd owned crypto exchange built on the Burstblockchain.Whatdoesthismean?ItmeansthatBurstexisownedby shareholders, the same shareholders that receive profits from collected trading,withdrawalandlistingfees.(SeeRevenueModelsection)

HowtobecomeaBurstexshareholder?It'sactuallyveryeasy.Theofficial tokenofBurstex,calledBEX,willbelaunchedandreadyforsaleonthe15th of April 2020. By owning and staking BEX you will be automatically registered as a shareholder and receive rewards.

How are rewards calculated? First it is important to understand how exchanges earn a profit. Exchanges profit mainly from collecting trading fees, this is a small percentage taken from both the maker and taker of a trade. The average combined (maker+taker) trading fee on Burstex is 0.1177%. (SeeFeaturesectionpointEforfeestable)

Within 1 year our goal is to capture 1% of the global trading volume.

Within a bull market the volume is higher and then lower during a bear market. On average, at the time of writing, the average daily adjusted volume is between 40 to 60 billion USD.

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