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Bitex

Banking & Payments

Overview

Bitex will provide crypto-banking services through their global platform focusing predominantly on Asia.

Features

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.

 

Crowdsale

Token Sale
ICO start date 30 Jun 2018
ICO end date 31 Aug 2018
ICO token supply 210,000,000
Soft cap 1,000 ETH
Legal
ICO Platform No
Registration Country Thailand
Registration Year 2017
Token details
Ticker XBX
Type Utility-token
Additional Token Emission No
Accepted Currencies

ETH

USD

EUR

GBP

Bonus Program

PRE-ICO BONUSES:

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

ICO BONUSES:

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.

 

Token distribution

70% - public

15% - reserved funding

9% - founders and team

3% - advisors

1.5% - bounty

1.5% - campaign

Funds allocation

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

Ratings

Type of scores
Score
Status
Hype score Medium Active

Team members

Advisors

Name
Position
Score
Social
Advisor
NA
Advisor
NA

Funding Rounds

Rating Review and Analytics

Investment rating Info NA
Hype score Info Medium
Risk score Info NA
Bitex ICO Contacts
Website
Ends in 11 days

Start ICO 30 Jun 2018
End ICO 31 Aug 2018
Token XBX
Price 1 XBX = 1 USD
Minimum investment 0.1 ETH
Product Type Service Cryptocurrency
MVP No product
Registration Country Thailand
Whitepaper View
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