What is BitForex Token?
The BitForex token is the native coin of the BitForex Exchange, one of the leading crypto exchanges globally. The BitForex platform offers crypto trading and other revenue-sharing services. Some products available on the platform include spot trading, margin trading, derivatives, and non-fungible tokens (NFTs). The main aim of the BitForex project is to create a highly liquid, safe, and stable trading platform for users.
BitForex uses blockchain technology to solve various challenges facing many trading platforms. One such problem is the lack of transparency. BitForex offers openness and co-governance in the digital asset trading industry.
Another challenge facing many trading platforms is single trading products. The BitForex team is developing a one-stop trading platform that offers many trading products. Users can buy, sell, and hold more than 500 cryptocurrency assets.
Most trading platforms also face the challenge of closed operations. Their products are less interoperable with other third-party products. BitForex Exchange is offering an open platform that gives users a wide range of decentralized network applications. Cap Town is an open platform on the exchange that enables crypto holders to access a wide range of blockchain applications. It allows users to manage their merchant accounts, connect with crypto users directly, and increase their brand awareness on a global scale.
Additionally, the platform offers other earning opportunities through liquidity providers and EasySwap products.
BitForex launched the BF token to power the network. BF price reflects the value of the project.
Use Cases of BF Tokens
BitForex coin (BF) is a multi-utility token mainly used for facilitating the transfer of value among ecosystem users. BitForex crypto can also be used for transaction fee discounts, funding portfolios, and project quality guarantees. Furthermore, BF holders can participate in exclusive airdrops. BitForex crypto is also a governance token that allows holders to vote on project development.
Care to see the live BF price? Check out the BitForex price chart above.
Who Founded BitForex?
BitForex launched in 2018. It is registered in the Republic of Seychelles. Its headquarters are in Hong Kong. The team behind the project consists of experts from reputable corporations such as Microsoft, Lenovo, Merrill Lynch, and Tencent. Garret Jin, the CEO, boasts extensive experience in the blockchain industry. Previously, he worked as an Operational Director at Huobi. Bitforex is also backed by various investment funds including Genesis Capital, TRON, and Node Capital.
Tokenomics of BF
The project conducted a public sale of BF in 2018, which raised $24 million, with a BF price being around $ 0.0282 at that time. The token has no max supply set. Thus, make sure to check the current BitForex token price chart above.
