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.