BitlinkEx Review: The Rising Star Exchange Building a Bridge to Web3

BitlinkEx, also known as Bitlink Cryptocurrency Exchange is a new cryptocurrency trading platform that was established in Singapore in April 2023. It was founded by a team of financial experts and blockchain technologists from around the world to provide an advanced and comprehensive trading platform that can meet the diverse trading needs of users. 

Beyond basic spot trading of cryptocurrencies, BitlinkEx also offers leveraged and derivatives contracts, options, and innovative crypto financial products. This allows expert traders access to more advanced strategies.

But BitlinkEx aims to be more than just a trading venue. They are building an ecosystem that incorporates elements of decentralized finance (DeFi), non-fungible tokens (NFTs), lending services, payment solutions, and community governance through a decentralized autonomous organization (DAO). This aligns with their vision for developing Web3 solutions.

Central to the BitlinkEx platform is the BTK token, which drives community participation and engagement. As BitlinkEx expands in scale and capabilities, the BTK token helps align incentives within their ecosystem.

Quick Information About BitlinkEx

• Exchange type: Centralized exchange
• Launch Date: April 2023
• Location: Singapore
• CEO: Jearon Wong

The pros of trading cryptocurrency on BitlinkEX

BitlinkEX Feature Review

One of the main features of Bitlink is its mobile app, which allows users to access the exchange’s services on their smartphones or tablets. It is designed to provide users with a convenient, secure, and versatile trading experience. The exchange also offers a variety of features and services for its users, such as:

• Spot trading: Access to over 100 cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, Tether, and more, with low fees and high liquidity.
• Futures contracts: Trade perpetual contracts with up to 100x leverage, as well as quarterly and bi-quarterly contracts with fixed expiry dates.
• Options trading: Users can trade European-style options with flexible strike prices and expiry dates, as well as enjoy features such as early exercise, auto-exercise, and auto-liquidation.
• Margin trading: Traders can borrow funds from the platform or other users to trade with leverage, as well as lend their own funds to earn interest.
• Staking: Users can stake their tokens to earn passive income and participate in the governance of the platform.
• Savings: The exchange also allow users to deposit their tokens to earn interest and withdraw them at any time without penalty.
• Mining: Users can deposit their tokens to earn interest and withdraw them at any time without penalty.
• Bitlink Academy: Users can deposit their tokens to earn interest and withdraw them at any time without penalty.

Bitlink Native Token – BTK

Visual explanation of how BLK drives continuous value growth of the Bitlink Web3 ecosystem| Image source: Bitlinkex

BTK is the native governance and utility token that powers the BitlinkEx Web3 ecosystem. It has a total supply of 10 billion tokens, with an initial price of $0.0035 per token. BTK has various use cases within the BitlinkEx ecosystem, such as:

• Paying fees: Allows users to pay for transaction fees, listing fees, and other platform fees with BTK at a discounted rate.
• Accessing premium features: Users can access exclusive features and services on BitlinkEx, such as wealth management, payment method, new project participation, and privileges.
• Governing proposals: BTK holders can participate in the decentralized autonomous organization (DAO) governance of BitlinkEx, by voting on proposals, submitting suggestions, and influencing the development of the platform.
• Incentivizing participation: Users can earn BTK rewards by contributing to the BitlinkEx ecosystem, such as creating, trading, and showcasing NFT digital collectibles on the NFT marketplace, studio, and gallery.
• Ecosystem application payments: Users can use BTK as a payment method for various applications and services within the BitlinkEx ecosystem, such as games, social media, e-commerce, and more.
• NFT applications and staking mining: Users can obtain NFTs either through purchases on the marketplace or acquiring “blind boxes” directly with BTK payments. Users can also stake their NFTs to participate in BTK mining, with mining yield weight tied to the star level of the NFTs. One-star has a weight of 1, two-star has a weight of 5, and three-star has a weight of 25.
• Node mining: Users who hold three-star NFTs can establish validator nodes that accept BTK delegations from other users to participate in node mining. Node operators receive owner certificates and earn commission from delegated stake mining in addition to node revenue share. Additionally, The profit weight of a three-star node NFT is determined by the total amount of BTK delegated to it. For instance, within the BTK ecosystem, a node ranked in the top 10% enjoys a profit weight of 7.

BTK Ecosystment Application

BitlinkEX Recent Events

BitlinkEx has been busy with various events to promote its platform and showcase the potential of its Web3 ecosystem.

BTK IEO and NFTs

The exchange recently announced the launch of its native BTK token initial exchange offering sales (IEO) event on November 22, and ended on November 29, with a total supply of 10 billion, priced at 0.0035 USDT.

Alongside the IEO, Bitlink is unveiling its NFT initiative minted on Ethereum and following ERC-721 standards. However, Bitlink NFTs are designed to go beyond digital collectibles to drive community participation actively. Additionally, NFT holders can stake their NFTs to establish nodes for BTK mining or delegate to other nodes to generate BTK token yields.

BTK IDO

On the 15th of Nov 2023, Bitlink announced the Initial DEX Offering (IDO) sales of BTK, on three platforms: PinkSale, Kommunitas, and BSCS. The IDO event started on Nov 20, 2023, and ended on Nov 21, 2023, with a total of 150 million BTK tokens for sale for 0.003 USDT per token.

After the IDO, BTK was listed on Coincodex and on Uniswap, with an AI mitigation strategy to predict market manipulation.

BitlinkEX Future Events

According to its website, the exchange has also pointed out some future events planned ahead to attract more users and showcase its potential. Some of these evens include:

• Launch of NFT staking features
• Pre-sale and public sale of NFT
• NFT marketplace launch
• Activation of community node features
• Opening and liquidity maintenance of BTK Trading pairs on CEX

List of BitlinkEX Recent and Future Events

Conclusion

As the cryptocurrency industry continues to evolve, BitlinkEx represents an innovative new exchange aiming to push boundaries and expand possibilities. Rather than just facilitating spot trading of digital assets, BitlinkEx has its sights set on becoming a rounded one-stop hub for all things DeFi and Web3.

With advanced offerings like derivatives, lending, NFTs, and on-chain governance, BitlinkEx demonstrates how exchanges can transcend their original purpose. The multi-faceted BTK ecosystem token ties together these diverse pillars into one cohesive vision.

While BitlinkEx’s youth means it must still build repute and trust, its recent milestones like the BTK IEO and IDO generated encouraging momentum and interest. If BitlinkEx can deliver on its ambitious roadmap, it may emerge as a leading light, steering the industry towards this more integrated and multifaceted conception of what an exchange can achieve. The coming months will reveal if this rising star has the capacity to go the distance.

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