BloxXwop: Decentralized Exchange Just in time as Robinhood Blocks Users
Bitcoin has made new highs already now that 2021 is here of $40,000 & ETH is following suit breaking its previous all time high at $1,470. The gift that keeps on giving has everyone from big finance & government making price predictions 5–15x fold over the next 12 months with estimates ant over $300,000 according to Citigroup. So with that would trading platforms not want Mainstreet to participate?
Today, There’s a hot new exchange coming into the market with a slightly different focus named BloxXwop. Pronounced (Block-Swop), There’s a focus on Decentralization, Speed, Security, and you guessed it…Inclusion. BloxXwop seemingly sets a new bar on what the industry can be with the new institutional players coming in to carry out the will of the people. The exchange itself is a fast moving red-black interface and navigates sleekly like something out of formula 1, while being known as what’s called a DEX.
A DEX aka Decentralized Exchange simply mean users themselves own the wallets and private keys, which are stored independently of the exchange itself. This in turns mean users truly own their tokens and have no trading limits imposed by the exchange. Exchanges such as Binance and Coinbase or which it draws comparisons to, control your crypto assets meaning there could possibly be issues in case of a entire systems breach. This also means your wallet or account is being held by the exchange which can limit your access. Other examples include PayPal, Square, or Apple with new announcement to enter into crypto. A DEX by nature cannot, The ownership credentials are stored by the users themselves therefore allowing total freedom. The timing is perfect while Robinhood & Etrade limits trading for the everyday user to serve the institutional interest.
BloxXwop has brought in what is widely known already with insiders in the Crypto Industry with a riveting mixture of functionality, customer experience, and simple messaging. In functionality, “DeFi Democracy” is the word used to describe a voting mechanism by the developers of the platform. It’s native BLOXX Token enables users themselves to cast votes for tokens they would like to see added to the exchange combined with having a staking protocol on the exchange itself. This differs from what you would see in a DEX as Uniswap that has the taken the burgeoning market by storm. Uni only allows ERC Tokens albeit allowing users the ability to post directly which may be overwhelming for some. BloxXwop’s Exchange allows for cross-chain listing which enables people to still have access to fan favorites such as Bitcoin, Litecoin, Ripple, etc. This takes additional development which is what the Founders of the BLOXX Foundation set as a cornerstone to allow inclusion of all crypto assets. From a CX standpoint, BloxXwop breaks the mold with the flow of an exchange that has the comfort of a top tier centralized trading platform all while maintaining the DEX protocols. The 2 final redeeming qualities are BIG ones….The ability to purchase assets in the exchange via credit/debit AND P2P on chain transfers using just usernames. This is far removed from the days of Etherdelta.
The BLOXX Foundation most redeeming quality is that it has hard coded in its DEX 1% of all profits to go to a charitable endeavor serving impoverished and undercapitalize regions of the world. Headed by Dillion Omane who is from Ghanaian Descent, Has made a spotlight before into the tech space starting with a win at TechCrunch Hackathon disrupt NYC in 2016. Since then has gone on to hone his skills developing projects with major financial institutions such as Bank of America, CitiGroup, etc. Dillon a newcomer to the Blockchain Industry takes over for the Antoine Bell, Son of International Football Superstar JoJo Bell, who moves to the board of advisors to focus on the foundations marketing efforts.
With its initial sign up offer to get FREE airdropped tokens and a sweepstakes to win some free BTC https://www.bloxxwop.com, This should be a Happy New Year with the Hard launch of BloxXwop to begin the year. BLOXX tokens is also live now in Uniswap. We will stay tuned in 2021 to see how this new start up focused on diversity and inclusion fares with the tide turning in favor of DeFi.
#DeFi #DEX #Bitcoin #BloxXwop