FxPay Exchange (FXP )

FXP is a gateway solution which will unify the Ecosystem and Forex industry based on the blockchain technology. FXPay is an exciting and highly prospective business opportunity that brings innovative technology to the Foreign Exchange (Forex) market. FXPay believes we can intelligently mitigate risk and increase the speed of transactions in the Forex market through the utilization of its FXP token, an ERC20 token based on Ethereum blockchain technology.

By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution. By offering a digital currency to brokers and traders, FXPay provides a mediumt hrough which to effortlessly convert fiat currency into FXP tokens. Once it is securely logged on the blockchain, it can be converted into any of our Forex pairs.Traders can then use Forex credit to participatein the market. Once trading has ceased, trader scan trade Forex credit back into FXP or any other digital currency. Alternatively, traders can choose to keep Forex credit, which can either be used to continue trading at a later stage or withdrawn into fiat currency through the Forex trading platform, at minimal cost.

By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution. By offering a digital currency to brokers and traders, FXPay provides a medium
through which to effortlessly convert fiat currency into FXP tokens.
Once it is securely logged on the blockchain, it can be converted into any of our Forex pairs. Traders can then use Forex credit to participate in the market. Once trading has ceased, traders can trade Forex credit back into FXP or any other
digital currency. Alternatively, traders can choose to keep Forex credit, which can either be used to continue trading at a later stage, or withdrawn into fiat currency through the Forex trading platform, at minimal cost. This offers traders and brokers an attractive alternative to the traditional Forex structure, by providing an innovative platform with highly
reduced fees and faster transaction times. The result is increased profit margins and investment potential for traders, and cost savings for brokers when transacting with liquidity providers.

FXPay Inc. presents an attractive offering for Crypto investors, who can now choose to participate in the Forex market as well. FXP can be used as a great hedging opportunity in a situation of high market volatility. Crypto investors can easily swap their crypto for a more stable fiat alternative, until the market has stabilized. Until now, brokers have had to approach liquidity providers to provide them with liquidity. They can then offer this to their customers. In the future,
FXPay will act as its own Premium Broker. Offering brokers the ability to purchase FXP at the prevailing market price, plus a discount.

This provides leverage to brokers that choose to use our platform. Brokers can choose to manage their own risk and profit by using their leverage and deciding how much of their FXP they would like to allocate to traders.

FXPay Community

FXPay Inc. aims to create a large, international, eco-friendly community on a digital platform that is made to meet the demands of Forex liquidity providers and traders. The primary focus will be premium brokers who require a new transaction method which is made cheaper and faster through the use of blockchain technology. FXPay Inc. aims
to expand on this becoming our own premium broker. This will allow clients to freely invest in the Forex market with our token. This will provide a platform with both established users and significant daily volumes, which will steadily
increase the price over time.

PAYMENT GATEWAY

FXPay acts as a payment gateway system for the Forex industry, the world’s largest financial market. A Payment Gateway performs a variety of tasks to facilitate payments between acquiring banks and issuing banks. It determines whether transactions are approved or declined by verifying transaction information and also provides a secure pathway to exchange information between all relevant parties.The FXPay Payment Gateway allows brokers to make instantaneous payments to liquidity providers through blockchain technology. Through this method, transaction fees are reduced
from the current rate of 5-7% to between 0.5-1%.

ERC20 TOKEN

FXP is an ERC20 token that operates on the FXP is an ERC20 token that operates on the Ethereum network, one of the most robust and reliable blockchain technology platforms. The FXPay Payment Gateway will be based on the Ethereum blockchain through the utilisation of the FXP token. The ERC20 token will allow FXPay to take full management of hosting digital currency. Ethereum is a well established digital currency that acts as a backbone for the platform technology, which will ensure the cyber-security for all transactions.

PARTNERSHIPS

FXPay has formed a partnership with prominent brokers who act as facilitators and providers of Forex. Through this partnership, cash back bonuses can be redeemed for Forex credit. This credit can then be used in the market.

BONUS

A cash back bonus in Forex credit to private and pre-ICO participators who join the FXPay community. To hedge the risks inherent in the current crypto-market situation, FXPay would like to offer cash back bonuses to investors as a reassurance of the confidence in our product. Investors can immediately enjoy using their Forex Credit to make trades on one of the world’s biggest trading platforms, Forex. All private investors will be entitled to receive a 100%, and Pre-ICO participants will be entitled to receive a 100% cash back in Forex credit all so.The credit can be redeemed at www.lptrades.com, the conditions of which can be found on the website.

SOCIAL WALLET

FXPay has developed a mobile application for the storage and transfer of FXP and Forex credit. Members of the FXPay community will be required to clear the KYC/AML authentication process for identity confirmation, to establish a secure presence on the platform. This will allow them to create a personalized and secure digital wallet. This wallet will be available for both iOS and Android mobile devices. Users can send and receive FXP coins, exchanging them for Forex credit.

MIRROR TRADING

Mirror Trading is a method in Forex trading that enables traders to ‘mirror’ strategies developed by other experienced Forex traders. A trader’s brokerage account is linked to a platform where trades can be executed by selected strategies. Strategies are listed in order of profit percentage and display information regarding the strategies’ funds, mirrored funds, leverage, and a performance chart. Traders can select strategies that match their personal trading preferences, such as risk tolerance and past profits. Once a strategy has been selected, all the signals sent by the strategy will be automatically applied to the client’s brokerage account. No intervention is required by the client as all the account activity is controlled by the platform.

Visit FxPay Website for details

Read the WhitePaper

Have a look at the Bounty Thread and participate

Author : Anggita dewi

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