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BTDEX

BTDEX is a decentralized exchange system running on the Burst blockchain. It implements a unique non-custodial exchange method for cryptocurrencies and conventional fiat currencies based on BlockTalk Smart Contracts and Burstcoin on-chain encrypted messages. The exchange method is serverless and fees are distributed among Trade Token (TRT) holders.

Unstoppable

No need for KYC (know your customer), name, ID, registry, address, or email. Decentralized, it is available in all jurisdictions with no central website or server to shut down.

Open Source

The BTDEX reference client and the cross-chain/fiat smart contract are open source. No need to trust your funds to closed source solutions.

Secure

You keep custody of your funds in your own smart contract, all automated in a simple user interface. An advanced mediation system solves any possible trade disputes.

Rewards and Low Fees

No trade fees for offer makers plus earn Trade Token (TRT) rewards. Only 0.25 % trading fees for offer takers. Zero fees and no buyer security deposits for small offers.

TRT DISTRIBUTION

BTDEX mediation systems requires mediators to hold a large amount of TRT. However, one can only hold or lock a large amount of TRT if there is enough in circulation. In order to solve this infinite regress dilemma, 4.5 % of the total TRT supply is distributed on open market and 0.5 % of the tokens are set aside as development fund.

TRADE REWARDS 95 %

Tokens earned by trading

1 BURST

1 TRT rewarded to offer makers on every BURST paid in trade fees

PHASE 1

1% of the total supply

0.1 BURST

Initial distribution kickoff, SOLD OUT on January 4th 2020

HOT!

PHASE 2

1.5 % of the total supply

0.2 BURST

Second initial distribution phase, available now

PHASE 3

2 % of the total supply

0.3 BURST

Third initial distribution phase, available after Phase 2 finishes