The Blockchain technology has been one of the most prodigious solutions to nearly all the contemporary transaction issues that man has come to face in recent times. With the introduction of cryptocurrencies, numerous issues that existed due to the limitations of using fiat, has been solved or are in the process of being solved. Prior to the introduction of these peculiar digital currencies, fiat was the standard for all transactions except for certain special cases where precious stones, gold, and other materials were used for exchange. These fiat currencies proved extremely inefficient because it was mostly controlled and the users had minimal or no direct influence on these currencies. Banks and government parastatals who handled issues concerning transfer of payments and other forms of sending/receiving currencies, would often charge outrageousfeesfor the transactionsto bemade, thus, discouraging valuable business decision for the investors. In attempt to resolve these transacting issues, cryptocurrency was born. The first cryptocurrency (Bitcoin) quickly gained popularity in 2015 and had an immense growth in value, up to 10,000 % in early 2017. Private and public investors who believed in the future of the cryptocurrency all benefited immensely from the exponential growth of Bitcoin. As a result of Bitcoin,several alternative coins called altcoins, were invented in attempt to solve specific issues. With the invention of these altcoins, there was a need for a new invention: an exchange where traders can trade one cryptocurrency for another. Thus, Crypto Exchanges were created. Crypto Exchanges, since birth, tried to adapt to the ever-changing needs of the traders by making exchange easier, faster, and by far, substantially cheaper. However, despite the effort, Crypto Exchanges still face numerous restraints and issues. We have carefully scrutinized the issues that everyday user of these platforms face and created an absolute solution to all these issues. You will find these issues and our solution as you read further. Bitsmo is an intuitive and innovative exchange platform, that were specifically designed for the purpose of ensuring users to have superior and efficient usability while transacting. Our platform integrates numerous features. Each features solve a specific issue that has been left unanswered by previous existing models. Our goal is to ensure that even as a new user to the crypto-world, they will be able to transact and trade cryptocurrencies as easily as possible. Bitsmo packs a lot of featuresright into one exchange platform with a user-friendly interface which users can easily get familiarized.
BITSMO platform is connected with 30+ of the most popular exchanges to connect you to the best price in the crypto- market, in other words, we provide deep order books enabling BITSMO’s user to get the best selling or buying price in the crypto-market. BITSMO’s matching engine is capable of processing close to 10 MM transactions per second which is 10 times faster than any other exchangers making our platform the fastest in the market today.
Bitsmo project starts.
Initial draft white paper completed and private sales begin.
Pre-ICO starts. Start of the Bitsmo platform development. Acquire cryptocurrency exchange license in Estonia.
Llaunch Bitsmo Exchange.
Bitsmo starts FIAT deposits and withdrawals facilitated by connectivity between platform and crypto-friendly banking institutions.
Bitsmo pre-paid card will be available to our customers.