Digital Asset Trading Platform Unveils Plan to Share Revenue With Users

A digital asset trading platform says its "Superior circulation capabilities" can help tokens thrive in the crypto world, through financial-level services that enable tokens to be issued more quickly.

One stop shop for crypto users BitForex says that its suite of services has already gained popularity in the crypto world, with an emphasis on customer service, strong security and a resilient technical infrastructure, as well as internationalization.

At present, it offers transaction services for more than 100 types of cryptocurrency and plans to launch an ecosystem for digital asset derivatives, including option contracts and futures contracts.

It is also unveiling the BF Token, which is designed to allow revenue to be shared among BitForex users who trade on the platform.

When the token goes live, the company says that this will be the main payment method for trading fees and any other costs that traders incur.

Although listing the BF Token on exchanges is described as a possibility in the future, BitForex is currently planning to list it exclusively on its platform, and the token is going to become available as soon as its Initial Coin Offering concludes.

Plans to become a market leader BitForex has the ambition of becoming the world's number one crypto asset exchange by December 2018, with CNBC recently estimating that the cryptocurrency market is going to be worth $1 trillion by the end of the year.

A win-win ecosystem BitForex says that its token holders will have the ability to participate in "Exclusive airdrop activities," and they will also enjoy voting rights.

Its white paper explained: "Currently, most digital asset trading platforms on the market have some problems, such as opaque currency mechanisms, single trading products, closed operations, etc. We believe that openness and co-governance will become the development direction for the digital asset trading platform industry."

Bidding on BF Tokens is taking place from 12 p.m. to 5 p.m. Hong Kong time from July 27 to 30, with the final results being announced at 8 a.m. on July 31.