We are excited to announce that PointPay has won the BTR vote to launch the PXP token on the Bitrue exchange. Listing on Bitrue is an exciting gateway for the PXP token as it unlocks new liquidity for the entire PointPay economy. The listing date will be announced in the nearest time.
Bitrue is a Singaporean exchange that was founded in 2018. Currently, it is ranked 13th on CoinMarketCap and CoinGecko in terms of volume. It is one of the fastest-growing exchanges with hundreds of mainstream currencies and altcoins.
“This is a huge step forward for our ecosystem. We are implementing our plan to be listed on a top 10 exchange by the end of 2022. We are getting closer to our goal with our first listing on BitGlobal (top 30) in August 2021 and on Bitrue (top 15) in December 2021. We are also working on listings on other regional exchanges to have truly global coverage and become a financial ecosystem for 7 billion people.” — Vladimir Kardapoltsev, PointPay CEO
The following trading pair will be available:
PXP / USDT
What this means for the PointPay community
Financial inclusion is a policy priority worldwide, especially in countries where most citizens lack access to basic banking services. The benefits of financial products are not sufficiently distributed across the population and the different sectors of the economy, especially in emerging economies. Some clients may be forcibly denied access to financial services. For instance, unbanked individuals and firms lack sufficient income or pose too high a credit risk for financial institutions or social groups with no access due to discrimination or lack of information. This can affect the growth and stability of the financial system, especially income distribution and poverty levels.
Therefore, crypto banks can become game changers as they provide access to all users who access the internet. PointPay serves customers in more than 200 countries around the world. Our innovative products impact not only individuals but also the financial market as a whole.
The PXP token is at the heart of our ecosystem and serves as the digital fuel for all PointPay products. As we grow and evolve into a global ecosystem, we need to provide access to our native token worldwide. We are proud to make PXP available on a global exchange. This lowers the barrier to entry and allows our customers to discover and use our blockchain-powered bank easily.
What is PXP?
PXP is a utility token that has several essential functions:
- allows you to reduce trading fees on the PointPay exchange
- lowers interest rates on loans
- raises interest rates on deposits
- used for staking on PointPay
- enable users to access premium education tutorials.
In this way, PXP token holders receive an exceptional quality of service on our network.
What is Bitrue?
Bitrue’s trading platform provides an optimal trading experience by combining the benefits of a decentralized ecosystem with the convenience of a centralized exchange. The exchange now serves over 4 million users, allowing them to easily trade, borrow, and earn interest on various digital assets.
Some of the key benefits of trading through Bitrue:
User-friendly interface
Bitrue has a user-friendly interface that removes all technical barriers to the most common trading and DeFi functions. For example, the exchange simplifies the buying process with a one-step buy/sell function. This makes Bitrue an ideal choice for people who want to get started in the crypto markets easily.
Secure platform
Bitrue offers reliable security to its users, including the following measures:
- Cold wallets with multiple signatures to store 99% of digital assets
- 2FA authentication and multi-signature access
- Whitelisting for withdrawal addresses
Bitrue has created an insurance fund by implementing multi-signature wallets where the number of assets consistently exceeds the value of coins in hot wallets. If a security breach results in the loss of user funds from Bitrue hot wallets, the exchange should compensate the losses from the insurance fund. In addition, Bitrue is the first exchange to disclose hot wallet addresses to its investors, as it believes that complete transparency is the best way to build trust.
Fast exchange with close to 0 fees
Bitrue users can save by taking advantage of ultra-low fees. In particular, most trading pairs have a commission of 0.098%.
The broad range of trading instruments
Cryptocurrency traders can now buy digital tokens directly with Mastercard or VISA credit cards. You can deposit funds in various fiat currencies such as USD, EUR, GBP, HKD, and others. The added flexibility gives you access to a broader financial community.
Furthermore, you can buy and sell a wide range of cryptocurrencies. In particular, Bitrue is the leading exchange for XRP pairs. Crypto exchange also supports leveraged exchange-traded funds (ETFs) with close to 0 liquidation risk.
Bitrue Ecosystem
Bitrue comprises multiple elements, such as digital exchange, decentralized lending, staking, and more. In this way, Bitrue customers can safely expand their cryptocurrency investment strategy.
In addition to a cryptocurrency exchange, the Bitrue ecosystem contains the following elements:
- Power Piggy is an advanced feature that allows users to earn passive income from cryptocurrencies.
- Another critical feature that Bitrue offers is the lending service. P2P lending allows traders to preserve their wealth and gain more market positions.
- BTR Lock-up offers high investment opportunities for BTR holders of native tokens. Staking means locking up cryptocurrencies for a certain period. The longer you stake and the more coins you lock, the higher your reward. The network supports a selection of pools, including BTC, VET, USDC, MDX, RSR, and many more.
We strive to expand access to our services around the world. That’s why the listing is one of our top priorities. PointPay users will be able to trade our token on a secure platform with high liquidity and accurate trading volume. This listing is a big step towards our goal of evolving the global financial system by providing users with the world’s largest range of crypto banking services.
💲 Buy PXP tokens: https://www.bithumb.pro/en-us/exchange/professional?q=PXP-USDT
💰 Earn up to 40% yearly with PXP staking program in PointPay Bank: https://bank.pointpay.io/staking
🏦 Remember, we are PointPay, and we are beyond banking!
💡Check PointPay Live-Roadmap (PointPay development in real-time): https://pointpay.io/live-roadmap/
👪 Discuss the project on Facebook: https://www.facebook.com/PointPayLtd
