Bitex will provide crypto-banking services through their global platform focusing predominantly on Asia.
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What is Bitex
Bitex customers will be able to avail of bank-like services (payments, currency exchange and transfers, debit card, and personal loans) that will be offered in 8 countries initially.
When a consumer wants to purchase an item, the merchant presents him with a payment screen showing the price in various crypto and fiat currencies accepted on the EZBitex platform.
Consumers participating in trading will pay trading fees denominated in each crypto currency they sell whereas for fiat currency the fees will be converted into XBX tokens at the current market price on the EZBitex exchange automatically.
Consumers that wish to obtain loans from Bitex by offering a cryptocurrency as collateral will be provided with a Loan Wallet. This wallet maintains the state of the loan and its payback.
DetailsPublic sales: Jul 17, 2018 - Nov 30, 2018
Token supply: 210,000,000
Soft cap: 1,000ETH
Raised: 2,760,000 USD
LegalRegistration country: Thailand
Registration year: 2017
Token infoTicker: XBX
Token price in USD: 1 XBX = 1 USD
Accepted currencies: ETH USD EUR GBP
0-999 XBX - 0% bonus
999-4999 XBX - 16% bonus
5000-9999 XBX - 20% bonus
10000-49999 XBX - 26% bonus
50000-over 50k - 34% bonus
over 50k XBX - 17%
49.999 XBX - 13%
9.999XBX - 10%
4.999 XBX - 8%
999 XBX - 0%
The tokens remaining unsold after the pre-ICO and ICO phases will be vested in a Bitex company account controlled by a smart contract. The smart contract will be programmed to release each month to the Bitex community 1⅔ % of the total tokens initially held. The released tokens may be distributed through airdrops, bounty Confidential and Proprietary. Bitex Global Co., Ltd., BitX Global Pte. Ltd. 37 offerings, lottery, advertisements, or used for development, partnership and infrastructure as decided by the governance committee.
The token price may fluctuate between USD 0.7 and USD 1.0 by the end of the token sale.
70% - public
15% - reserved funding
9% - founders and team
3% - advisors
1.5% - bounty
1.5% - campaign
47% will be spent on ongoing development of the Bitex, EZBitex, and BitexPay platforms;
17% will be spent on registration fees, legal and accounting expenses for building franchises in more regions where Bitex seeks to register its financial services;
13% will be spent on marketing ap physical locations (Kiosks and Retailers), the Web (through social media) and using cross-border payments partnerships;
10% will be spent on recruitment of a banking team with expertise in the financial industry;
8% will be spent on administrative expenses for running Bitex Global;
5% will be spent on investment in development of Bitex-related apps and platforms supporting the future expansion of Bitex
Bitex Business project structure constructed.
Company Registration Bitex Global Co., Ltd.;
Company registration and beginning of development work on:
XBX Token (ERC-20 Protocol);
Trading Wallet and EZBitex platform;
Mobile App (Android and iOS);
BitexPay and "Powered By Bitex" software kit.
Beta test and launch
EZBitex Platform V 1.0 with Trading wallet, Payment wallet and the Holding Wallet;
Mobile App EZBitex;
Upgrade of security structure and support center.
Company Registration Bitex Global Singapore Co., Pte. ;
Company Registration Bitex Global Thailand Co., Ltd. ;
Registration Process of Bitex Global U.A.E Co., Ltd. ;
Registration Process of Bitex Global India Co., Ltd. ;
Registration Process of Bitex Global Philippines Co., Ltd.;
Registration Process of Bitex Hong Kong Co., Ltd.
EZBitex Platform V 2.0 with BitexPay and Powered By Bitex & Savings Wallet;
Bitex B2B and B2C payment platform and BitexPay Merchant App with GPS locator and BitexPay Merchant App Kiosk.
Registration Process of Bitex Global Japan Co., Ltd.;
KRRegistration Process of Bitex Global South Korea Co., Ltd.
EZBitex Platform V 3.0 with Loan Wallet.
BitexPay Module and POS;
BitexPay API key develop and bug testing;
"Powered By Bitex" card;
BitexPay API key Release for corporate payments.
EZBitex Platform V 4.0 - API based Card and its integration for POS (via Bitex API).
BitexPay Escrow Account V 5.0 - Payment Gateway implementation.