Home > News > Beaxy Guide 2021 | Trader’s platform for staking & low-fees

Beaxy Guide 2021 | Trader’s platform for staking & low-fees

Beaxy is a crypto exchange that is owned by Windy Inc. and launched in June of 2019. The platform is operated by Windy Inc. Its main aim is to make improvements for crypto traders with a modern approach towards selling and buying digital assets. In other words, it aims to provide crypto and fiat functionality with high performance, a high level of security and extensive customer support level.

The idea behind Beaxy is to provide traders with a loyalty rewards service and fee reductions of up to 25% through the incorporation of the native BXY token.

The main benefits of Beaxy include lifetime referral rewards, 24/7 support, four layers of security, unique trading pairs, custom alerts, instant FIAT deposits for credit or debit card, a loyalty program and plenty of useful tools that the team thought were lacking on other exchanges.

The Technology Behind Beaxy

Beaxy has security measurements in place that are compliant with stock market financial regulations such as AML and KYC vetting processes. The original Beaxy platform was overhauled by a new team of developers and legacy finance professionals at the end of 2019.  A few months later, Beaxy 2.0 launched on February 25th, 2020. Beaxy operates as a web-based trading platform through the use of an excellent user interface that just about anyone can understand and use. It also has fully customisable features such as scrolling settings for speeds, visibility improvements and favourites.

The exchange stands out from others on the market thanks to its high throughput, low latency database performance, and capacity to handle hundreds of thousands of transactions (225.000 per second) with less than 1ms of latency surrounding it. The founder intended to build a platform that could easily scale and include functions that can mitigate demand spikes as well as automatised scaling and resource balancing features. Through its collaboration with Deltix, the end-user, or trader in this case, gains trading analytics, data research, back-testing services and surveillance as a result.

Beaxy uses two-factor authentication that is compatible with Authy and Google for keeping accounts better protected. The exchange is also in line with ENISA and PCI-DSS standards. We cannot skirt over the customer support service here as — well as Beaxy offers 24/7 support with live chat functions. If you require multi-language support, this is also available through a request ticket system, and they even have a FAQ section and a Knowledge Base to boot.

Beaxy ICO

The Beaxy ICO began on 16 June 2018 and ended on the 30 September 2018.

On August 24 2018, they had raised over $3 million in the private period as they got near the soft cap.

The developers later switched to raising funds privately, and users were able to then buy utility tokens directly on the exchange platform. BXY tokens became available for purchase and the price was adjusted based on the price the market reflected at the time.

On June 11  2019, after gaining $8 million in funding, Beaxy launched a full-service cryptocurrency exchange and became available in 185 different countries, and 43 US States.

Beaxy Tokenomics

  • The ticker name for Beaxy is BXY
  • Beaxy has a trading volume of $5,586.52 USD. It has a market cap of $2,262,418 USD and a circulating supply of 283,086,487 BXY coins
  • With a maximum supply of 500 Million, the Beaxy exchange is currently the most active market trading it
  • BXY is an exchange utility token that powers the Beaxy Exchange platform
  • It is a token that is used in order to increase user levels, reduce fees, and access new tools within the platform

Community Engagement

When it comes to the community around Beaxy, it is extremely active. On Twitter, the latest post was on February 3 of 2021, with a constant stream of over 100 likes and over 50 retweets throughout many of their announcements. At the time of writing they have over 20,800 followers.

When it comes to Facebook, the last post was on February 3 2021, with an active community of 21,918 likes and followers. They are also active on platforms such as Medium with a consistent flow of articles, the latest one being written on November 2 2020. Their Telegram community features 224 members, and their Discord channel features 5,518 members. They also have a Reddit following of 275 members.

Roadmap Evaluation

When it comes to the original roadmap from 2017 to 2020, the Beaxy team has lived up to everything they have promised. They originally announced instant deposits and fiat integration for 2020. On November 2 2020, they announced a partnership with the Gunbot team, which provides high-performance trading at a low fee and US exchange that offers crypto trading against six major fiat currencies. When it comes to the instant deposit promise, not only did they deliver, but on August 4 2020 Beaxy launched a bonus program that doubles the amount you deposit up to $500. They are also extremely active on Github with monthly updates on the developers’ progress.

Features & Offers:

  • Beaxy Black – VIP programme (30% rebate on trading fees + monthly contests)
  • Deposit bonus programme Beaxy will provide users a 100% bonus on deposits up to $500 to allow you to trade with a bigger stack
  • Gunbot Integration – Full integration with the trading robot Gunbot on the Beaxy exchange

Beaxy In Summary

Beaxy is the native asset on the Beaxy exchange. This is one of its strongest value propositions due to the fact that it provides the traders with an attractive fee structure. BXY can be used to claim a portion of the revenue generated by Beaxy, and to claim the revenue you can earn a return. Holders can also lock BXY tokens into the STK program for rewards. The STK Loyalty Rewards Program allows users to earn 12% APR for a yearly deposit of BXY funds, making the platform competitive with similar services offered online for generating passive income.

The benefits of Beaxy are the fact that it has over 20 coins listed with low trading fees, amazing customer support and that it is simple to use by just about anyone.

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