BITHEMOTH Exchange

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Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, we at Bithemoth have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform.
Since cryptocurrency is designed for mainstream adoption, platform will be a stop-shop for clients that intend to earn huge returns on their investment. Team will create a user-friendly system that incorporates both traditional markets and the blockchain based assets. The Bithemoth ecosystem will offer the following:

• Fast and intuitive exchange
• A rich trading platform embedded with digital asset investment opportunities
• A turnkey ICO incubator

Services will be accessible through a streamlined platform that is embedded onto the blockchain technology. It is belief that newcomer investors should not need to pass through a laborious process before benefitting from the crypto market. Bithemoth is to mentor new investors for them to become skilled in the crypto space through supportive, simple and user-friendly platform. While on the other hand, allowing experienced traders to enjoy a highly flexible, fast, and a secure environment that is inherently laden with familiar features.
Bithemoth will not stop at providing a user-friendly platform to investors, also offer an integrated marketplace and ICO incubator that will provide users with more opportunity to utilize their crypto or take advantage of new developments.
Bithemoth will refine the way cryptocurrencies are traded and will be a leading innovator in this sector. This platform will incorporate multiple novel features to distinguish itself from existing platforms solidifying itself in the cryptosphere. Utilizing the diversity of team, creating a powerful and robust exchange which will not only satisfy the needs of traditional stock investors, but will also simplify the trading process allowing any person to be part of this technological renaissance.

Issues

For investor

Streamlining the signup process and providing world class support for investors. This will not only make it easier to sign up but will also reduce the verification time significantly. Investors are guaranteed of a seamless and fast platform for trading.

User interfaces

Create the most efficient and robust UI that is available. In addition, to completely explain UI, we will be releasing a series of videos to make sure that everyone using Bithemoth will be able to make full use of all of unique features.
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Platform Speeds

The platform will provide scalability and speed. This will ensure that the exchange will be able to maintain efficiency if there were a surge in user registration. In addition,also assign a support team that would be charged with the responsibility of resolving users’ queries and complaints within the shortest possible time.

Customer Service

Will hire top-class customer service experts to work in customer service unit. These experts will be adequately trained and certified to handle customers’ queries and complaints. will make a point of duty to train and retain customer service team, and the fees will be borne by Bithemoth.
This training will align the superior standards of exchange with the interpersonal skills of staff members. That’s not all, will only select the best candidates for the job to reduce the waiting time that users will get a response from us. Once users have reported an issue, customer care will respond to the complaint as fast as is humanly possible. The trading experience is a priority of the Bithemoth team and we are motivated to assemble the best support team possible.

Security

As an investor, one of the most heightened concerns is the security of an exchange. This is because even though every investor would like to store their funds remotely, it is inevitable that a portion of one’s investments will be located at the exchange due to active trading. While some of the other exchanges seem to overlook the security of their platforms, at Bithemoth, that transparency is the key to the success of any business. In light of this, platform will run transparently. To ensure the security of platform, deployed high level state-of-the-art security architectures to protect investors’ funds, guaranteeing its safety.

Ecosystem

In a bid to operate as a link between traditional finance and the digital asset economy, the Bithemoth platform has come up with a simple and conventionally adoptive system. Three major aspects of the digital economy will be simplified by Bithemoth's diverse ecosystem thus presenting an exchange, a trading platform, and a complete ICO incubator.
A wide range of services will be made available as Bithemoth works alongside its partners. New traders can invest in cryptocurrencies with a few clicks on the exchange using adjustable and user-friendly environment, while professional investors can conveniently use trading platform that has been designed with a vigorous toolset. Bithemoth’s ecosystem envisions its ability to provide companies with an ICO incubator that is ready to use that supports project development thus enhancing growth and collaboration.
Bithemoth hopes to offer payment processes for both cryptocurrencies and fiat that are fast and secure by establishing stable banking relationships. Bithemoth also plans on implementing and adding to the already existing features, a unique system of rewards for Bithemoth coin (BHM) purchasers, and carefully designed custom trading solutions to meet the needs of the digital asset economy.

Direct Payment Process - Cryptocurrency and Fiat Support

Through the securement of specific licenses, eMoney status, and stable banking relationships, we are setting up the infrastructure for direct payment processes that will allow the conversion of fiat to cryptocurrency. Both direct Bithemoth exchange clients and third-party clients such as external companies will have access to this feature and can utilize it as a means of entering the cryptocurrency market.

Trading GUI

Clients can use the matching engine to send for both standard and non-standard order types like Limits, Stops, Markets, Limit-Stop Orders and OCO (One Cancels Others). Using this system, one can also have access to different TIF (Time in Force) options like IOC (Immediate or Cancel), GTC (Good till Cancelled) and FOK (Fill or Kill). A professional grade HTML5 library will enable charting, such that users can customize their layout with a few clients, also they can with ease add multiple periods of time and indicators or price studies. Based on pre-calculated risk to reward settings, clients can use a simple drag and drop interface to place stop and limit orders. From the chart, one click trading will be available to simplify the order enter process and to reduce latency for higher frequency traders. Also, a client will be able to see a graphical representation of their account activity as historical trades. Both filled and pending orders can be plotted on the chart. The design of this platform is such that both a web browser and own Bithemoth-branded iOS and Android Apps can have access.

Exchange Fee Structure

Plan that any client or taker on the exchange who places orders will pay a commission on all executed orders beginning with a MAXIMUM of 0.10%.
Also offering free trades for a limited time to users that hold over 100 units of BHM. After this period expires, holders of BHM can use it to pay for trading fees at a discount of 50%.
There will be no fee for deposits into exchange. Minimal to zero fees will be charged for withdrawals depending on the factors involved, such as network fees and other cost-inducing processes.

Decentralization and Atomic Pair

Since assets are often held by the exchange on behalf of its client base, cryptocurrency exchanges are generally "semi-centralized". The move to completely decentralize the exchange mechanism has begun and Bithemoth is irecting a proactive approach towards this technology. The team behind Bithemoth recognizes technologies like Cosmos, Polkadot and understands that going forward cross chain communication and atomic swaps will be extremely significant in the development of an exchange platform. Bithemoth hopes to use time locked smart contracts without third party involvement to complete the transaction to offer atomic swaps like "peer-to-peer secure exchanges".
The smart contract will serve as a timed escrow so that in the event that one party defaults in the transaction, both parties will be protected. This exchange mechanism is designed such that it will carry nearly zero fees from side as this will be for clients who are trading smaller volumes and those that do not require immediate execution.

Features

  • Quick view - Portfolio Distribution Tool
    The quick view portfolio distribution tool that are integrating into exchange will provide users with a quick means of evaluating their current holdings. This feature is important because it provides a means of assessing how assets are distributed in one’s portfolio, in a visually appealing and simplistic manner.
  • Portfolio Manager
    portfolio manager will provide an overview of one’s investments and their performance based in real-time. Examples of features include the average buy cost (BTC/monetary), current value, daily percent change, overall percent change, and cumulative portfolio performance.
    When integrate the portfolio manager into exchange, users will have access to real-time information at their fingertips that will empower them to have full control over their investments.
  • Special Trading Features
    This will allow users to set up specialized smart buy/sell orders and other unique trading features.
  • Buying Made Simple
    Include the purchasing of cryptocurrency via money transfer, credit card, and even commonly used existing payment solutions into exchange.
  • Crypto on-the-go
    Creating a user-friendly interface that would support full functionality of exchange on a wide range of devices and platforms without any hitches.
  • Development of a Mobile App
    To fulfill goal of creating a user-friendly exchange for a wide range of devices, working on developing a safe and efficient mobile app that would be linked directly to exchange. This mobile app will be developed for both iOS and Android devices. This will result into a boost in the overall functionality of exchange.
  • Dedicated Crypto-Marketplace
    One of visions is to create a crypto-marketplace linked to exchange where vendors can trade products directly for cryptocurrency through a seamless and secure means.
  • Development of Specialized Hardware Wallets
    In the process developing hardware wallets that will be available to users. These walletswill offer larger memory capacities and specialized security features that are not available in the current market.

ICO Incubator

Giving vetted ICOs access to transparent and secure funding rounds is Bithemoth's aim in creating a powerful turnkey ICO incubator. The team of senior engineers at Bithemoth will formally examine all aspects of token sale proposals including idea novelty, project feasibility, legal compliance and financial justification. The approved projects will have access to Bithemoth's complete ICO incubator system and a dedicated support team. This will provide a base for blockchain and tech start-ups to grow off of and launch their business. This will also provide users with special opportunities to have early access to invest in promising new projects.
Companies in incubator will be able to issue tokens and ICO contracts using input parameters through proposed system. Any token issued through Bithemoth will be liquid and tradable on the Bithemoth exchange using the token sale. Automatic smart contract mechanisms that are capable of creating smart contracts and deploying them on the NEO, NEM and Ethereum blockchains will also be offered on the ICO incubator.

Bithemoth Coin (BHM)

Bithemoth Coin (BHM) will be the token coin that will issue. There will be a maximum amount of 200 000 000 (two hundred million) coins that will be created. Do not intend to increase it further. BHM is modelled and will run using the Ethereum blockchain with ERC 20. This will ensure the safety and security of the token in the long-term.

Allocation

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Presale Schedule

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ICO Schedule

Once ICO commences, investors will be invited to purchase BHM tokens until the 90,000,000 tokens that have set aside have been sold. The purchasing schedule will work on an incremental basis that will reward buyers that purchase BHM token during the early stages of ICO. Investors that purchase BHM via ICO will receive their tokens within and no later than 7 working days.

BHM Value

You will be able to utilize BHM coins to pay for any fees on exchange platform. This will include exchange fees, withdrawal fees, listing fees etc.
There will be specific discount incentives that will be introduced for the initial promotion of BHM usage on exchange; this will be effective immediately but limited to a period of 5-years.

Repurchasing Plan

Quarterly, BHM team will use a portion of profits to exercise a buy back on BHM tokens that will be destroyed. This will continue until 50% of the entire BHM coin amount has been destroyed, leaving (100 000 000) coins in circulation.

ROADMAP

September 2017
Project Vision

October 2017
Team Creation

December 2017
Development Commences

Q3 2018
Pre-sale

Q3 2018
ICO

Q3 2018
Beta Launch

Q4 2018
Full Exchange Release

Q3 2018
Global Marketing Campaign

Q4 2018
Mobile App Launch

Q4 2018
Patent and Product Licensing

Q1 2019
Marketplace ImplementationEstimated

Q4 2019
Hardware Wallet IntegrationEstimated

Q4 2019
Brick and Mortar StoresEstimated

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