BRIDGE X NETWORK - PROJECT REVIEW

The importance of technology is our daily lives cannot be overemphasized, as it continues to evolve with age and time to suit our daily demands. Several innovations and inventions are conceived daily in order to modify the way we perceive the world at large, from our daily interaction with one another, to the execution of daily transactions.

Since the emergence of the first cryptocurrency (Bitcoin) in 2009, cryptocurrency have been considered as a revolution in the world financial system, due to its decentralized nature which makes it possible for to earn, store and transfer monetary value between parties from one location to another with any central regulations, government restrictions or geographical barriers.

Overtime, cryptocurrency has evolved from just the financial industry into an integral part of many industries by providing lasting solutions to real life problems in such industries, thereby leading to the creation of thousands for crypto coins. But despite this rapid increase in the growth of the cryptocurrency market, it is to go mainstream (mass adopted) as a medium of transaction, due to some certain challenges (like crypto loan collateral, easy conversion of crypto coins to fiat, international transaction acceptance, etc).

In this article, I will be introducing an innovative Blockchain project that is aimed at bridging the link between cryptocurrency and fiat as a means transaction. This project is known as BridgeX NETWORK

Introducing BridgeX Network

BridgeX Network is a revolutionary decentralized platform created with the purpose of solving the present challenges encountered by cryptocurrency users by providing the much needed connection between the cryptocurrency market and the traditional financial system.

Existing challenges of the cryptocurrency users

International transaction payment: cryptocurrency was created to be a digital currency that will revolutionize the world financial system, but it’s still a far throw from throw from that, because of non-acceptance as a medium of payment.

Crypto credit system: cryptocurrency users do not have access to crypto loans using cryptocurrency as collateral.

Crypto to fiat conversion: this is a major issue for crypto users, as they find it difficult to convert their crypto assets to fiat or fiat to crypto easily. The present conversion systems are stressful and costly.

BridgeX Network solutions

BridgeX team is fully abreast of these challenges and has created the project to seamlessly connect the cryptocurrency market with the traditional financial system, thereby making adoption easy. BridgeX will provide these solutions through its decentralized financial ecosystem

BRIDGELoan: This is a peer to peer crypto lending marketplace that allows crypto users to have access to loan facilities using crypto as collateral. Borrowers will be able to make loan request and accept loan offers from lenders.

BRIDGEConvert, BRIDGESend and BRIDGEPay: these three components will work hand in hand together to provide users with crypto to fiat conversion and cross border services. Users will have access to transfer payment across the globe with over 30 fiat currencies accepted in over 180 countries, along with highly liquid and cheap crypto to fiat conversion services.

BridgeX core

ICO structure

BXN will operate as the main cryptocurrency in the BridgeX ecosystem, which will give users added advantages like commission on different services, etc.

Token Ticker: BXN

Token Type: ERC20

Total token supply: 1,000,000,000

ICO Token Supply: 300,000,000

ICO Price: 1 BXN = 0.00006 ETH

Fundraising Goal: 18,000ETH