BitEsprite – The all-in cryptocurrency exchange

Introduction

Most of the technical articles and blogs recently featured one topic – bitcoin. The blockchain concept and the cryptocurrency industry was put in the forefront singlehandedly by bitcoin. After its price rocketed up like anything in the third and fourth quarter of 2017, bitcoin and cryptocurrency industry as a whole started seeing massive participation; in terms of enthusiasts, investors, applications, exchanges and creation of new coins (which are collectively called altcoins). The world opened up to the idea of the decentralised control of monetary flow, all powered by the block chain technology. But still, the reception for altcoins has not been as great as that for bitcoin. People have not yet embraced the concept of trusting alternate cryptocurrencies, which has hindered the development of many revolutionary ideas that involved using altcoins. Also, trading in cryptocurrency is generally thought of being too risky, due to its volatile nature..

BitEsprite – Empowering Altcoins

BitEsprite is a crypto currency exchange with a primary aim of making the purchase and trade of altcoins easier. Unlike other exchanges, BitEsprite offers buying of altcoins with fiat currency, which is backed up with state of the art technology and easy to use interface. The platform also helps newcomers trade with ease, by implementing a copy trade option, where they can match the trading patterns of trading experts in order to maximise their profits. BitEsprite also makes ICO listing of new tokens fee-less, which encourages more and more blockchain based innovations to grow.
A notable feature of the platform is the BitEsprite Debit Card, which can be used to spend the trading profits that a user receives in the platform. These card are accepted in any point that accepts MasterCard.
Now, countries which have discouraged and/or restricted the usage of cryptocurrencies could rethink their decision, because the problem of intractability could be solved once the debit card issued by BitEsprite gains traction. Every time the card is swiped can be used and can be tracked to the specific account, revealing the details of all currencies the person holds, including the date of purchase.

What BitEsprite tackles

Difficulty in altcoin purchase and trading
BitEsprite helps to remove the barriers to purchasing altcoins by allowing them to be bought using fiat currencies. Currently, USD, GBP and EUR are supported. The platform will also have an exchange to convert other fiat currencies to the aforementioned currencies. Altcoins can also be bought in Bitcoins (BTC), Ethereum (ETH) and BitEsprite Token (BEC).
As for trading, BitEsprite introduces the concept of copy trading into the crypto industry. This method has been present in the stock and forex trading industry for quite some time, and has earned a lot of people a lot of money. The traders can match the patterns followed by trading experts, for which they have to pay a small fee to the expert. This ensures maximum profit and minimal risk to everyone in the platform.
The lack of interface and security upgradation
The BitEsprite platform aims to provide its users with a seamless trading and holding experience. The interface is heavily software driven, thus reducing the load on the user's device. Also the platform supports multiple languages and also has 24*7*365 support. The platform also offers an online wallet which can be linked to hardware wallets.
The platform is tailored for secure usage and storage purposes, maintaining latest standards like the ISO 27001 and PCI DSS (Payment Card Industry Data Security Standard) to ensure safe and secure hold, store and trade of coins.
ICO listing fee
Most exchanges charge a heavy fee when new coins are to be registered for their ICO. BitEsprite ensures a zero fee listing, thus encouraging token driven blockchain projects to grow through the platform. This may also be a marketing strategy to include more and more tokens on their exchange, without any additional effort.

The BitEsprite Token

The BitEsprite platform has a native ERC20 token, abbreviated BEC (Confusingly, a lot of coins already have the BEC abbreviation. Wonder how the exchange would distinguish if all of these were listed in the platform.). Additional discounts in trading fee and exchange fee when the mode of payment is BEC.
Token Sale
The price of a token varies upon the stage of the sale.
The pre-sale is scheduled to start on 3rd April 2018, where the price of one token is $0.3 up to $5,00,000, after that $0.5 up to $10,000,000, and then $0.65 till $20,000,000.
The crowdsale starts on 27th April 2018 with a token price of $.85 and minimum investment of $50.

Final Comments

Ideally, a new exchange is not what the crypto industry currently needs. To operate by the philosophy of decentralization, every country in the world should be convinced to be actively participating in the crypto revolution. Efforts should be made to find solutions that can break the sceptical instincts of countries about cryptocurrencies. The idea of BitEsprite is noble and is an encouragement for the crypto enthusiasts, but they should be able to work on methods to integrate crypto and daily life in a safe and traceable way such that every country is open to these ideas.
Published by – Etheran

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