BitCoinage BitCoinage

BitCoinage

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Last Update

May 10, 2018

BitCoinage is a new sector within Cryptocurrency that is composed of three independent companies that make it easier for even the most novice user to enter the world of Cryptocurrency. These three companies are: The First Ever Arbitrage Cryptocurrency Exchange; A Comprehensive Cryptocurrency Educational Portal; A Groundbreaking Cryptocurrency Insurance Company.
Jun 21, 2018
Jul 19, 2018
100% completed
Raised funds - no Data
Goal 2 000 000 USD
Cap 15 000 000 USD
past
  • 1 XBCN
    =
    0.14 USD

About BitCoinage

With the advent of Bitcoin, founder Satoshi Nakamoto ignited a financial revolution that would reverberate throughout the international marketplace. The most notable ramification from the emergence of Bitcoin, is its ability to put the world’s financial power back in the hands of the people. Nakamoto could see that if people controlled their own financial destiny, not only could they bypass the dishonest banking system, but this new form of currency could potentially play a role in uniting our badly torn and fragmented planet. Without any governments or banks to separate us; financially speaking, people could unite and mutually benefit from one another.

Sadly, all these years later Bitcoin and Cryptocurrency exchanges remain separated from mainstream society and divided amongst themselves. When asked about the difficulty of entering the cryptocurrency market, Rick Falkvinge, CEO of BitCoin Cash and founder of the Swedish Pirate Party stated, “I t is complicated, it’s too complicated. It is not usable enough. It is not usable enough at all.” Most people do not have a positive experience when first using Cryptocurrencies, necessitating a learning curve. Unfortunately, the separation does not end there. Cryptocurrency exchanges are extremely localized and do not trade with each other. While this practice may be profitable for the exchanges bottom line, it is not beneficial for people who want to trade across exchanges and take advantage of better prices.

The elimination of separation is the goal of BitCoinage. We will create a whole new sector in Cryptocurrency. One that exists between the centralized banking system and the decentralized world of Cryptocurrency. A hybrid area where people who are new to Cryptocurrency can have peace of mind, while enjoying financial freedom from the banking system. We will make it easier for people to get into Cryptocurrency and create the first exchange that can trade across platforms using something called arbitrage trading.

BitCoinage is the next revolution needed to put the world’s financial power back in the hands of the people. In this whitepaper, we will cover the essentials of this new sector as well as the architecture of our new innovative Arbitrage Exchange. We will also take a look at our roadmap for the evolution of this radical hybrid area and examine the potential macroeconomic benefits offered by these groundbreaking concepts.

Technical Info

  1. Core Technologies

 

3.1 Arbitrage Exchange Trading (the first-ever)



Mutually Beneficial Partnerships

 

BitCoinage will be constructed with the necessary permissions to allow users to make trades across exchanges worldwide. This will be made possible with the use of exchange application program interfaces (API’s), intermediary wallets, and direct access to exchanges in countries with struggling economies. Our unique exchange will take advantage of any price differences in Cryptocurrencies that may exist across exchanges. This difference in price is called Arbitrage and can be created by an increase in market demand due to a country's failing economy.

 

*Case Study (Middle October, 2017)


When Bitcoin was worth $5,000 on the American exchange Bittrex, it was simultaneously worth $10,000 on Golix.io, a Zimbabwean exchange.


In traditional markets arbitrage exists because of market inefficiencies and the opportunity is often eliminated in a matter of seconds. In Cryptocurrency, arbitrage can exist for a very long time as it is often caused by an increase in demand that is enabled by the localization of exchanges.

3.2 Bots That Learn How You Trade




BitCoinage will employ machine learning in their creation of an arbitrage-finding bot, codenamed “Bloodhound.” This bot will begin by analyzing the last 5 years of trading data across all exchanges in order to uncover patterns in price arbitrages.

 

The arbitrage bot will be able to understand when a currency is overvalued on a particular exchange and notify users. It will create an entry each time someone trades a currency at a differing value from the average, until a pattern is established of those exchanges where arbitrages appear most frequently. These patterns often point to inexperienced traders, localized exchanges, and newly-listed currencies.

 

Then, the bot will make use of integrated trade API’s with exchanges to buy, sell, and transfer currencies across those exchanges. This process is called “triangular arbitrage trading.” The bot will be able to execute a trade and immediately initiate a transfer back to the users wallet.

 

We believe these arbitrage opportunities will exist for quite some time, as newcomers are continuing to enter the market in increased numbers. Exchanges are still localized and new currencies are constantly being listed.

 

Additionally, the volatile nature of Cryptocurrency consistently creates significant price differences between exchanges.

 

3.3 Enterprise Blockchain: Decentralized Storage For Centralized Data

 

Corporate assets, such as wallet keys and data belonging to the machine learning algorithm cannot be stored on the Ethereum blockchain. In order to ensure trust between users and the network, as well as guarantee that assets will not be manipulated or compromised, that data will not be completely centralized. Employing an enterprise blockchain for storing exterior corporate assets will mitigate risk by transferring the asset burden to multiple administrators.

 

3.4 Atomic Swaps: The Future Of Currency Transfers

 

Cryptocurrency exchanges have been targeted by the community as a problem in need of a solution. They have inconsistent fee structures, widely different API’s, and strong centralized ties to fiat currencies. Atomic swap technology has been cited as the solution to the problems posed by exchanges.

 

BitCoinage will work at the cutting edge of cross-blockchain development in order to benefit from an early implementation of atomic swaps between frequently-traded currencies. This will allow for a lower fee and faster trades between a wider range of currencies, a more dynamic and efficient currency distribution structure, and safe, trustless trade with foreign and low-capital exchanges.

 

3.5 Intuitive User Experience: User-friendly User Interface (U.I.)

 

The BitCoinage U.I. will be as familiar as a traditional bank account and as user-friendly as finance-management software (ie. Mint). All controls will be clearly and intuitively explained within the layout and the front page will be structured to present users primarily with the most profitable trades. Currency purchases, sales, and transfers can be performed on our portal through the dynamic use of exchange API’s. As a result, interactions will be consistent and simple despite the wide variety of exchanges supported.

 

3.6 BitCoinage X: A Token-Based Arbitrage Utility

 

XBCN: The official token of BitCoinage will allow access to all of the services we provide. For example, in order to use the Bloodhound Arbitrage bot, users will have to purchase and spend their BitCoinage tokens, or stated colloquially “feed the hound.”

 

Platform: As an ERC-20 token, XBCN will be built on top of the Ethereum Blockchain, the token with the second largest market cap under Bitcoin. This will allow XBCN to rest on the most reputable and innovative decentralized blockchain in existence today. As such, Ethereum will provide solutions in everything, from the issues of Proof of Stake V.S. Proof of Work, security of the network, and the constant need for a dynamic economic platform as it exists in the rapidly growing sector of Cryptoeconomics.

 

Storage: As an ERC-20 token XBCN can be stored on any Ethereum wallet such as the popular myetherwallet. It will also be compatible with Ethereum Blockchain hard wallets such as Trezor or The Ledger wallet for those wishing to store their XBCN tokens offline.

 

Roadmap

  • Q1 2018

  • Website Live
  • Q2 2018

  • Crowdsale for Cryptocurrency Exchange Working Prototype Completed
  • Q3 2018

  • First ever Arbitrage Exchange Launch Crowdsale for Cryptocurrency Educational Portal
  • Q4 2018

  • Cryptocurrency Educational Portal Launch
  • Read More
  • Q1 2019

  • Crowdsale and VC funding for Cryptocurrency Insurance Company
  • Q2 2019

  • Cryptocurrency Insurance Company Launch

Materials

BitCoinage

Activity

Status:
Jr. Member
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Activity:
37
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Merit:
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Posts:
118
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Views:
1 240
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Alexa
Rank:
2 287 036
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Delta:
-11 575 115

Team

Verified 100%

Principal Visionary, Founder
verified
Chief Technology Officer, Lead Developer
verified
Comptroller
verified
Community Head
verified
VP of Business Development and Financing
verified
Front-end Development
verified
YouTube Specialist, Community - “Networking”
verified
Software Developer
verified
Marketing
verified
HR
verified
Legal Assistant
verified
Administrative Assistant
verified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Greg Lampkin
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
With the recent popularization of Cryptocurrency, more and more people have adopted the mindset that blockchain technologies are the future of the financial industry. However, Greg Lampkin saw a deeper value. He understood not only that blockchain technologies were the future, but made the connection between arbitrage trading in forex and the fragmented ecosystem of exchanges that cryptocurrencies exist in. Through this understanding, he created a solution that would legitimize and stabilize the crypto market. Finally, the market would realize its global economic potential and people could regain control over their financial destiny.

Lampkin is a Cryptocurrency Entrepreneur and User Interface Designer. Mr. Lampkin’s career spans over 30 years as a Creative Director and Art Director in the entertainment and software fields. He’s done work for Microsoft, Sega Genesis, McDonald's, AOL, Novartis, Burger King and Univision. His work is award-winning including three Emmy awards in broadcast design and one Emmy nomination for broadcast animation.
Kevin Ellis
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I have extensive experience in the analysis, design, implementation, and optimization of both database software and database applications. I am familiar with a variety of database systems and database vendors and have over twenty years experience working with Microsoft and Oracle databases and related products such as Designer and PL/SQL. My special areas of interest include systems analysis and design, data modeling, physical database design, database tuning, database architecture, general IT strategies, master data management, and business intelligence. I have served as the chief data architect on several projects and have also developed IT strategies for various types of business areas. During my 20 plus years in information technology, I have served in roles that span the full development life cycle. Currently, I lead the BitCoinage development team with my in-depth understanding of data modeling and integration. I provide valuable financial and technological insights into the project based on comparatively-infantile blockchain technology. I still love challenges and get immense satisfaction from solving difficult problems.
Alex Mack
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I have 10+ years in the Financial Industry. I have been a franchise owner for 7 years and have serviced clients from Atlanta to Florida. I have handled account payable and receivable accounts for customers and companies. I have prepared individual and corporate taxes for customers. I look forward to expanding my services and opening different locations statewide in the near future. I am also a comptroller for BitCoinage and look forward to growing with the company.
Josue Gonzales
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Graduating with his Master’s Degree from Indiana University, Josue has a strong background in entrepreneurship, sales, and marketing. As community head, he develops and coordinates various platforms designed to promote the organization and its services to the community and the target population. Promotes latest developments and services through various forms of media.
Kyle Lampkin
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Making sure we dot our I's and cross our T's.
Michael Behfar
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I contribute to marketing strategy and front-end development of the exchange and other digital resources.
Daniel Mouyal
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Bitcoinage is a new sector in cryptocurrency which aims to provide opportunity for all people to become involved with Cryptocurrency. My role with Bitcoinage is to assist in establishing a community through social media and marketing strategies.
Evan Gruda
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Data scientist. Pumped for it
Lynn Gonzales
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Marketing professional with over 9 years of experience in a variety of roles and industries including E-mail Marketing, Market Research, CRM Management and Marketing Automation. By using various tools such as Salesforce Process Builders, HubSpot Workflows, Zapier, and Autopilot, implementing targeted campaigns and cost-saving strategies is part of the everyday process.

Leveraging surveys and market research questionnaires is another key part of her skill sets, which allows her to target the appropriate demographics and reveals the discovery and the effectiveness of each marketing campaign. She is also extremely detail oriented – particularly when it comes to developing email campaigns and verifying the content and has a passion for learning and problem-solving.

Goal: To continue using marketing knowledge and analyzing trends to assist organizations in creating more targeted marketing campaigns and increasing brand awareness in a cost-effective and efficient manner.

Specialties: E-mail/SMS Marketing, Marketing Automation, Market Research, Event Coordination, Public Relations, CRM Management, Salesforce Administration
Janice Fredenburg
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am the HR Business Partner
Ludie Ponce
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My role is to support the executive team and assist in the decimation of information from the top down.
Marie St. Juste
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Marie St. Juste has over 12 years of experience in customer relations and administrative overhead. She is passionate about the customer experience and is excited to tackle the growing issue of customer service in the Crypto community.
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