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As digital assets and technologies begin to impact the real economy, adapting fast to this new emerging trend determines the leaders of the industry Adoption of smart contracts and blockchain technology provides a solution for the most crucial problems in the financial sector, such as lack of transparency and security, which create a gap between traditional and emerging asset classes.
However, despite the proliferation of cryptocurrencies in recent years and the digital assets market becoming somewhat mainstream, existing solutions remain limited. Current platforms can be grouped into two main types of exchanges: fiat exchanges, and pure cryptocurrency and digital asset exchanges. Simplified fiat exchanges are characterized by poor rates offered to their customers and do little to educate their users. Full-featured cryptocurrency and digital asset exchanges, on the other hand, are too confusing for a beginner to use.
Our development plan will focus on the latter. Although pure exchanges for cryptocurrencies and digital assets nowadays are a relatively small percentage, we strongly believe they will grow significantly in the near future, and that these exchanges will play an important role in the world financial market. We named this new model: Bcnex.
Bcnex addresses issues of existing exchanges head-on by offering users an optimal experience with advanced trading modes, excellent customer service,
clear policies, and fully audited security standards.
Each quarter, we will use 20% of our profits to buy BCNX tokens and proceed to burn them, until we buy back 50% of the total amount of BCNX, which is 100 million (one hundred million). All acquisition transactions will be announced on the blockchain. We will continue to burn BCNX until there are only 100,000,000 BCNX on the market.
Many exchanges still neglect the importance of customer service, even though this is one of the factors that determines the success of an exchange. According to a study by Accenture, 52% of customers who've had a bad customer service experience with a company stopped buying their products and service. By far the biggest complaint users currently have with existing cryptocurrency exchanges is poor customer support. The issues are many and include long withdrawal times, login issues, unanswered support tickets, and nonexistent documentation.
BCNEX's team members.