BITALLEX - Profit Sharing Platform Whitepaper V2.7 / 2018.05
Project Background With the birth of the crypto currency, the block chain asset exchange came into being. With the continuous expansion of the crypto currency market and the increasing of users involved, the total size of the market transaction is growing rapidly. The sum of all the market cap of the crypto currency is up to 800 billion USD at the beginning of 2018, and the daily trading volume is up to 70 billion USD. So that several major trading platforms were forced to suspend user registration because they could not meet large-scale user using. Even today, after a big adjustment, the daily trading volume is still at about 10 billion USD, and the market is recovering, and the volume of trading is rising. We think the crypto currency market cap and trading volume in the future will exceed the previous high point. Such a large trading volume also needs more and better exchange platforms, this is exactly our original intention of developing BITALLEX exchange. At the same time, we will share the profit of the platform with all the users involved in the promotion, which is the biggest difference between the BITALLEX platform and other exchanges. Through seven-levels referral bonus, platform partners and cash dividend mechanism, the platform belongs to all participants, and the profit is also belongs to all participants.
BITALLEX introduction BITALLEX means BIT-ALL-EX (bit to all coins exchange), we hope BITALLEX can cover all the main crypto currency trading, provide a one-stop trading platform for users, and BITALLEX is a profit sharing platform. If the user participates in the platform promotion, even if the user does not participate in any trading, they can also get profits every day.
BITALLEX Profit Sharing 1. Seven-levels referral bonus: By the market promotion, Users can get a certain percentage of fees generated by user trading within seven-levels, and the percentage of each level is as below: Level Bunus Fee(for example) Earning(for example) Leve l1 20% 1(BTC) 0.2(BTC) Level 2 10% 1(BTC) 0.1(BTC) Level 3 10% 1(BTC) 0.1(BTC) Level 4 5% 1(BTC) 0.05(BTC) Level 5 5% 1(BTC) 0.05(BTC) Level 6 5% 1(BTC) 0.05(BTC) Level 7 5% 1(BTC) 0.05(BTC) Total Earning: 0.6 BTC
BITALLEX Profit Sharing 2. Platform partner:after becoming the partner of the BITALLEX platform, the user can get 50% of fees generated by lower infinite levels user trading. The calculation method is as below: Platform profit = Trading fee - seven levels referral bonus Partner earning = Platform profit * 50%
BITALLEX Profit Sharing 3. Dividend:Holding BAE token can get the daily profit sharing of the platform and each currency profit will be calculated separately. Platform profit = Trading fee - seven level referral bonus partner earning. According to the amount of BAE held at 0:00 AM, the lowest holding 20000BAE will be involved in dividends Dividend = Platform profit * holding BAE amount / total BAE amount. For example: if the profit is 10 BTC a day, If holding 20,000 BAE, the Dividend is: dividend =10 * 20000 / 200000000 = 0.001BTC. If holding 200,000 BAE, the Dividend is: dividend =10 * 200000 / 200000000 = 0.01BTC. If holding 2,000,000 BAE, the Dividend is: dividend =10 * 2000000 / 200000000 = 0.1BTC.
BITALLEX Technical features 1. High availability, high performance SNA and micro service based distributed architecture, it can be very convenient for horizontal scaling. There is no single point of failure in the system. No matter the maintenance of the system or the system upgrade can be operated online, without the need to stop service and the user is not aware. Asynchronous, cache, reversed index, NOSQL technologies ensure the good performance even in high concurrency. 2. Security & Stable In the early stage of development, BITALLEX exchange platform has put system security in the first consideration. No matter firewall, application server, database server, caching server and so on, strict control of authority has been made, and security control has also been raised to the highest level. In the program, whether the control layer or the service layer, the data layer has done access verification, layers of authentication, and also invited professional company to do strict penetration test to ensure that the program is security. Whether it is now or the following iteration of the new features, system security is the first element we consider. In our view, the security of user assets is more important than anything else, higher priority than anything else.
BITALLEX Technical features 3. PC & Mobile BITALLEX will fully cover the PC browser, mobile browser, mobile APP (ANDROID, IOS), currently it will cover PC browser, and the mobile APP will be introduced in the following iterations. 4. Good user experience The core concept of BITALLEX product team is that good products can speak themselves. Users do not need any guidance when using the system and could complete the operation smoothly, even if some abnormal situation can be solved by themselves. At the same time, we adopt agile development and fast iteration, so that both the UI and the operation experience can surpass the pace of the times.
BITALLEX Technical features 5. High quality and efficient service At the beginning of the BITALLEX platform, we know that the most important element of the long-tem development of the platform is service. Only providing high quality and efficient service for the users is the key to the long-term development of the platform. For this reason, we have established a professional and efficient service team to provide users with online support. 6. Multi Languages BITALLEX will provide as much language support as possible, so as to reduce the difficulty of using. Currently we provide 4 kinds of languages: Chinese, English, Japanese and Korean. More language support will be introduced in the following versions.
BITALLEX token coverage Block chain exchange can be divided into two main categories: one is for fiat currency trading, which provide the trading of fiat currency and crypto currency. The other one is for crypto currency trading, providing the trading between crypto assets and crypto assets. BITALLEX is focus on the second kind of exchange. We do not offer fiat currency trading service, because the market volume of the crypto currency exchange is far beyond the volume based on fiat currency. So the crypto currency and crypto currency trading is our focus. At the beginning BITALLEX will cover the following currencies: BTC, ETH,USDT,BAE(BITALLEX platform token),bch, LTC, EOS, TRX,MCO,QTUM, OMG, DASH We will continue to provide more high-quality currencies and provide one-stop trading services for users. This is our aim.
Profit model As a crypto currency exchange platform, the profit of BITALLEX will mainly come from fees of user trading, as well as some other related income. The BITALLEX platform profits include: Model Description Trading fees Asset listing fees Platform users need to pay a certain percentage of fees when buying and selling tokens. The fees for buying and selling are 0.1% currently. In the later stage, the fees may be changed according to operating needs and trading volume. The platform will list some high-quality tokens, and charge some fees from the tokens operating team. Other Other income, for example, token order, info ad, etc.
Token Detail BITALLEX platform token symbol BAE is the first letter of word BIT ALL EX,the token total supply is 200,000,000, BAE is Ethereum based crypto currency and BAE is ERC20 standard token Token symbol BAE Token name Bitallex Standard ERC20 Total supply 200,000,000 Token(200,000,000)allocation as below: Percentage Amount(BAE) Participant 50% 100,000,0000 ICO 40% 80,000,000 BITALLEX team 10% 20,000,000 Angel investors ICO accept coins:bitcoin(btc), Ethereum(ETH)
Crowdsale date and price The ICO is divided into 8 phases, each phase lasts 5 days. Each phase has different discount policies as below: Phase Date Price Discount Price after discount Phase 1 11 Jun - 15 Jun $0.1 USD 30% OFF $0.07 USD Phase 2 16 Jun - 20 Jun $0.1 USD 25% OFF $0.075 USD Phase 3 21 Jun - 25 Jun $0.1 USD 20% OFF $0.08 USD Phase 4 26 Jun - 30 Jun $0.1 USD 15% OFF $0.085 USD Phase 5 01 Jul - 05 Jul $0.1 USD 10% OFF $0.09 USD Phase 6 06 Jul - 10 Jul $0.1 USD 5% OFF $0.095 USD Phase 7 11 Jul - 15 Jul $0.1 USD 3% OFF $0.097 USD Phase 8 16 Jul - 20 Jul $0.1 USD 0% OFF $0.1 USD
ICO Referral Bonus Level Bonus Token bought(for example) Earning Level 1 10% 10000(BAE) 1000 (BAE) Level 2 5% 10000(BAE) 500 (BAE) Level 3 5% 10000(BAE) 500 (BAE) Total Reward: 2000 (BAE)
BAE token value & buyback plan 1. Trading with BAE will enjoy a certain discount. The specific discount is as below. First year Second year Third year Fourth year Fifth year Sixth year Discount 50% 40% 30% 20% 10% 0% 2. Enjoying Dividends: holding BAE token can enjoy the proportional dividend of platform profits every day. 3. Buyback mechanism: we will buyback the BAE token by 20% of the platform profit every quarter, and the repo BAE will be directly destroyed. To ensure public and transparent the repo record will be published in the first time and the record could be found through the block chain browser. The buyback will last until the total amount of destruction reaches 100,000,000 BAE. Lifting of ban plan for team holding BAE(total 80,000,000) 1 year later 2 years later 3 years later 4 years later 5 years later 20% 20% 20% 20% 20%
Funds Usage 1. 40% of funds will be used for development and operation and maintenance of BITALLEX. 2. 40% for brand building and promotion of BITALLEX, providing financial support for all kinds of market activities to ensure rapid growth of platform. 3. 20% as a reserve and emergency fund for the BITALLEX, in order to deal with all kinds of unexpected situations.
Roadmap Time Plan 2018.05 Exchange integration test 2018.06 ICO phase 1-4 Exchange internal test 2018.07 ICO phase 5-8, Exchange go live, Cover 10 kinds of tokens, Cover 4 kinds of languages 2018.08 Cover more than 30 kinds of tokens, Mobile website V1.0 dev, Mobile App V1.0 dev 2018.09 2018.10 2018.11 Cover more than 50 kinds of tokens, Cover 6 kinds of languages, Mobile website V1.0 dev, Mobile App V1.0 dev BAE first time buyback, Enhance system security, Mobile website V1.0 go live, Mobile App V1.0 go live Cover more than 70 kinds of tokens, Cover 8 kinds of languages, PC website V2.0 dev, Improving user experience 2018.12 PC website V2.0 dev, Improving user experience, Enhance system security 2019.01 2019.02 BAE second time buyback, PC website V2.0 go live, Launch block chain info website dev, BAE value increase 1500%-2000%, Price to $1.5 - $2 USD Cover more than 100 kinds of tokens, Cover 10 kinds of languages, Launch decentralized exchange dev 2019.03 Mobile website V2.0 go live, Mobile App V2.0 go live 2019.04 BAE third time buyback, Cover more than 120 kinds of tokens, Cover 12 kinds of languages
Core team CEO Alex Li Senior block chain expert, 15 years working experience, worked in Morgan Stanley, Tencent and other well-known investments, Internet Co. From 2012, He began investing in crypto currency and had rich experience in block chain. CTO Wenjie Xie Senior system architect, senior technical expert, 13 years' experience in internet company, has been a senior technical expert at Baidu, Ali and many other well-known Internet Co. Rich experience in distributed cluster architecture
Core team COO Yunfei Zhang Senior Internet researchers, 10 years of business platform and financial lending platform operations and promotion experience, he began the operation of the block chain information project from 2014, as well as consultant work CSO Yuanhang Zhou Senior security technical expert, 11 years of financial payment company, system security company work experience, and as a security consultant for several companies, has led and developed a large cloud security protection system. Operation and maintenance director Shuai Wang Senior operation and maintenance expert, senior operation and maintenance consultant, system architect, 12 year Internet Co, financial company experience, rich experience in network architecture, network security, automation operation and maintenance
Summary We are confident that we can build a better exchange platform to provide a more security, more efficient and more reliable service for investors. We sincerely invite you to join our ICO and become a member of our platform. We believe that BITALLEX can bring you a substantial return on investment. Thanks!