BSCex — Decentralized Crypto Exchange Ecosystem

Cryptocurrencies are now using internationally. Everybody uses cryptocurrency exchanges for trading etc, but the problem that arises here is about the centralization of exchanges. These exchanges are controlled by some parties and you don’t have keys to your funds that cause the risk of losing your funds. An area in cryptocurrency that is attracting huge attention is Defi. Defi stands for Decentralized Finance, it refers to financial services using smart contracts which are automated enforceable agreements that don’t need intermediaries. Due to liquidity problems, Defi DEXes are causing high price slippage. But no need worry BSCex bring solution to these problems by its extremely advanced eco-system.

What is BSCex?

BSCex is a decentralized eco-system that consists of many types of crypto exchanges, by its extremely advanced algorithms it provides its user cryptocurrency leading facilities. It is based on Binance Smart Chain and presenting its updated and on-chain version. BSCex is a non-custodial cryptocurrency exchange which means it's totally decentralized and it enables you to become your own bank without depending on any party.

Why Binance Smart Chain?

The reason behind choosing Binanace Smart Chain is the speed, efficiency, and cost. In comparison with the Etherium chain where most of the token are developed, resulting in high traffic and Etherium chain is not capable of efficiently handling the traffic that increase the fees and time. Binance smart chain is capable of handling high traffic in less transaction time and fees.

BSCX

BSCex owns its token BSCX which used for many functions in the eco-system. Users also earn BSCX and other financial benefits by using the BSCex eco-system. It is minted by liquidity mining or yield farming. BSCX uses a unique algorithm for fair distribution. Here are the coin specification.

BSCX Specifications

Name: BSCX token

Symbol: $BSCX

Network: Binance Smart Chain

Spec: BEP-20

Precision: 18

Smart Contract Address: 0x5ac52ee5b2a633895292ff6d8a89bb9190451587

Token Allocation

Total Supply: 100,000,000 BSCX

Farming: 96,800,000 BSCX

IDO: 2,000,000 BSCX

Liquidity 1 (After IDO): 422,806 BSCX

Liquidity stage 2: 577,194 BSCX or Burn (we will do voting on our community for last decision)

Airdrop: 200,000 BSCX

Deflationary Mechanics

Anytime you send $BSCX, 5% will be burned. (Not yet actived, will let the community make the final desicion)

20% of the total $BSCX raised in future IDOs will be burned.

Locking Mechanics

Launchpool X: 80% farmed tokens will be distributed to participants (25% of them will be distributed to participants instantaneously, 75% of them will be locked for 1 year and will be distributed continuously block by block after that 1 year)20% farmed tokens will be distributed to our platform development fund (25% of them will be distributed to the fund instantaneously, 75% of them will be locked for 1 year and will be distributed continuously block by block after that 1 year)

Launchpad X: LP token locked in 1 year, 10% for monthly withdrawals after that.

BSCex Products

There are currently four projects that are part of BSCex eco-system. These projects includes :

• SwapX
• LaunchPoolX
• LaunchPadX
• DexX

SwapX

It is BSCex SwapX is an advanced version of Binance Liquidity Swap, where it is centralized and support only some coin, SwapX is decentralized and support many stable coin and other coin pairs. SwapX uses a unique technology “Cross Liquidity Layer 2”. By using this technology SwapX create a link between popular AMMs such as Pancakeswap, BakerySwap, BurgerSwap etc to provide more liquidity and minimizes the price slippage :

Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is most prevalent during periods of higher volatility when market orders are used.

So let see how it work,

For example, BSCex users want to swap 2000 BUSD to BNB. The price slippage of BakerySwap for 2000 BUSD in trading volume is 0.2%. Each $500 in trading volume will cause a 0.05% slippage in price. While PancakeSwap slippage is 0.12% and a $500 in trading volume will cause 0.105% slippage. Our BSCex Aggregating Engine will calculate and divide 2000 BUSD into two smaller orders. One order of 1363.636 BUSD is executed on PancakeSwap and another order of 636.364 BUSD is executed on BakerySwap. The total price impact/slippage is 0.097%, much lower than executing an order on just one single AMM.

This makes SwapX the best option over other AMMs.

LaunchPoolX

LaunchpoolX let you earn token by holding tokens in any given pair like BSCX-BUSD. The interest rate is directly proportional to the amount of token you hold. The pool tokens are distributed among participants according to their holding in real-time. The BSCex’s Launchpool is more profitable than other launch pools in the crypto space.

LaunchPadX

BSCex’s LaunchPadX is a place where coins can launch IDO (Initial Dex Offering) for raising funds. It is an on-chain version of Binance launchpad. The participants need to compete by holding LP token and the participant who win the LuckyStar can launch IDO.

DexX

The BSCes’s DexX is an upcoming project. The DexX is a decentralized exchange similar to Binance exchange but with a more advanced option. Everything tool for trading will be available in it. The DexX will implement BSCex protocol and technology (AMM+) to acquire the best liquidity of the Binance Smart Chain to facilitate its on-chain order book.

Conclusion

Shortly BSCex eco-system is bringing a new era of decentralized crypto exchanging and trading. By using Binance Smart Chain BSCex eco-system is making crypto trading easier, faster and beneficial with low fees & rewards. It is completely private and safe and it let you use your own keys for transactions. By using unique technologies and algorithms, it brings highly advance on-chain platforms. It's a new project, that’s why it brings an amazing opportunity for investing and getting a passive return. The price of BSCX is going up day by day. The Cross Liquidity Layer 2 enables you to get the best liquidity and lowest price slippage in the market. When you get more benefits in BSCX why use any other service. Goodbye and keep enjoying in crypto space.