Press Release

EKSPA Project Creates a Web Platform for Direct Interaction between Buyers and Suppliers in Ecommerce

By: on July 22nd, 2018

The eCommerce market is growing at a staggering pace today! The residents of different countries are using the Internet more and more often, mobile traffic volume is increasing and the number and duration of the sessions held in the Net are growing. This trend in the eCommerce development forces an increasing number of even large manufacturers to switch to the online trading format.

If we look at the figures, according to “eMarketer”, the volume of the global eCommerce market amounted to $2.3 trillion in 2017, which is pretty impressive. At the same time, the share of the eCommerce segment (mobile eCommerce) was 58.9% of online sales or $1.4 trillion in the same year, which is 40.3% more than in the previous year. With such indicators, even the growth in the eCommerce market itself was significantly lower and reached only 24.8% in 2017. Such a trend is leading to more and more frequent orientation of various trading companies to mobile applications development in addition to websites adapted for mobile devices.

The EKSPA project creators, who have long turned their attention to this trend in the eCommerce market, which is at the large-scale expansion stage, decided to go further and not just to create a convenient mobile application for online trading, but also to solve other existing eCommerce-related problems. They decided to present their own multifunctional platform in the format of a centralized information multilingual web application called “EKSPA”, which will allow to directly connect suppliers and buyers (sellers of products). Thus, one of the main problems that this product is designed to solve is the problem of intermediation in the eCommerce market, which is considered to be one of the main disadvantages of all existing trading markets.

EKSPA web application and its benefits for users

Another trend in the eCommerce market is the large-scale popularization of marketplaces. It is noteworthy that the EKSPA project founders present their product not just as a web application or a trading platform, but as a marketplace of the future with a changed logic. EKSPA will allow suppliers and buyers to easily find each other around the world by using the platform. This web application will become a new more available sales channel for small and medium-sized businesses and will replace the chain of intermediaries. Besides, EKSPA will reduce the cost of creating and advertising own website for trading companies. EKSPA will also be an excellent source of target audience for advertisers and investors. This multilateral B2B platform will bring together buyers, suppliers and investors using the advantages of blockchain.

EKSPA web application features

EKSPA will differ from other existing marketplaces by its functionality. Thus, the unique features of the application will be the following: multisignature in transactions, contractors` “smart reputation “,” investments”,” green light ” for launching new businesses, accrual of tokens for viewing advertising, voting for the development of the new application functions, multi-language search, auctions, a neural network, virtual exhibition. The main tools of the platform will be: proposals, requests, advertising, analytics and reports, current events, cabinet of the investor. The application will consist of many modules, each of which will be responsible for its functionality.

It is worth noting that within the EKSPA web application two options of using the platform will be available for the users: free and premium. Their difference is that any person who has registered on the platform becomes a free user, but he receives a limited functionality. The premium category, which in turn is divided into “gold ” and “silver”, provides its owners with many interesting opportunities to the use of the application, which can be found in more detail in the project’s Whitepaper. Meanwhile, you will have to pay for the premium category and you can buy it in your personal account.

Current stage of EKSPA project development – start of the tokensale

An important feature of the EKSPA project is the availability of a working pre-alpha version of the application, which anyone can try by following the link on the project’s official website after passing the registration process. The test version will allow you to explore some of the application features and the personal account interface. However, in accordance with the project’s roadmap, the development of the application prototype is going on at the moment and will last in the foreseeable future in order to develop and supplement the planned functions.

The project’s token is called Eksperium. It is a Utility token that has a number of useful functions, which we will review below. At the moment, from July 18 to July 31, the project is holding a preliminary stage of token sale, within which the price of the Eksperium is the most attractive and amounts to $0.20 per one token. 4 500 000 tokens out of 50 000 000 issued tokens are presented for sale in the pre-ICO stage. The presale is also characterized by the presence of bonus tokens, which are credited on a certain amount of purchase. The main stage of the tokensale will last until August 31, as a result of which the project founders guarantee that if SoftCap is not reached, all the invested funds will be returned to the tokensale participants and the creators will get engaged in further product development on their own.

The use of the EKSPA token

One of the fundamental details of any ICO project is its token, as well as the opportunities laid in it, which will allow its owners not only to receive speculative income from its sale in the future, but also to have alternative options for its use. In this respect the EKSPA project founders came up with all responsibility to the issued token. Thus, the Eksperium token holders will be able to use it to pay for advertising impressions within the application, hold an auction within the platform, organize a virtual exhibition to attract visitors, obtain additional, dedicated storage space for their offers, provide additional verifications and the ability to get investment from a partner as well as organize news releases for the interest industry. More information about the project and its token, as well as the pre-ICO details can be found on the project’s official website.

Press Release

BANKEX Bounty Service Cuts Cost of Bounty and Airdrop Programs by 50% Operations

By: on July 21st, 2018

BANKEX has launched the BANKEX Bounty Service, the first turnkey service to automate and structure bounty and airdrop campaigns, making the entire process transparent and accessible for both bounty organizers and hunters. The comprehensive solution eliminates the majority of human error endemic to bounty campaigns. The BANKEX Bounty Service also radically reduces the cost of bounty and airdrop campaigns by up to 50%.

Initiating bounty and airdrop campaigns is an increasingly popular and productive way to solve different issues including debugging code, outsourcing the promotion of products or events, content creation, translation, moderation and managing forums and other issues suitable to crowdsourcing activity. BANKEX Bounty Service provides an all in one platform with a user friendly interface and intuitive navigation to realized such campaigns.

The Bounty Service has two account options for bounty campaign and airdrop organizers and for bounty hunters. The Bounty Service gathers users on a single platform to form a bounty community in a convenient, connected virtual space.

Eliminating the Human Factor

BANKEX Bounty Service helps organizations and individual bounty organizers to launch bounty campaigns and airdrops, define parameters, notify hunters, verify submissions and distribute rewards to bounty hunters – all with a single interface.  Before the all-in-one capability of Bounty Service, organizers had to engage internal company resources to manage each stage of a bounty campaign, requiring time, attention and budgets. Organizers normally have to work manually with Google tablets, create duplicate tables for different purposes and manage incompatible programs and applications or even develop special software for individual bounty campaign functions. The ad hoc nature of bounty campaigns means a lot of human error and dedicated management resources. The BANKEX Bounty service automates the bounty campaign process, reducing errors from incompatible tools and human factors. The Bounty Service can be operated by a single person and doesn’t require manual administration of blockchain addresses.

After bounty organizers set up an account, they can create entire campaigns with a single application, reducing time and budget resources spent on development up to 50%. Organizers can choose from existing bounty templates within the Bounty Service or even create their own bounty campaign templates. BANKEX Bounty Service comes with a database of bounty hunters giving organizers ready access to potential participants for their campaigns immediately after announcing a campaign, setting parameters and posting the reward volume. Organizers can also post a direct links to their bounties anywhere on the internet to direct bounty hunter traffic to the BANKEX Bounty Service.

Automatic Reward Distribution

Bounty Service has automated processes for collecting and collating bounty results and distributing rewards. All bounty hunter submissions are validated,  duplicate submissions are filtered from successful ones and placed in a separate column. The results are shown in a simple visual interface so organizers can easily assess results. After the completion of a bounty campaign, organizers can distribute reward tokens to winners simply by pressing the “Pay All” button without the need for lists, separate agreements or manually typing blockchain addresses. All campaign results are transparent thanks to blockchain technology.

The BANKEX product development team ran dozens of pilot project before the official launch and feedback was overwhelmingly positive. A variety of pre-launch pilots for both bounty and airdrop campaigns were conducted, including independently organized campaigns. At the time of launch in beta, Bounty Service will have a dedicated pool of over 500 validated bounty hunters to server campaigns initiated on the Service.

“We ran our pilot campaign to outsource debugging of certain lines of code,” said Grigory Yakushev, BANKEX Bounty Service Product owner. “We enlarged the bounty hunter pool and tested the speed of the reward transactions – it’s faster than any bounty campaign process on the market today.”

BANKEX Bounty Service will offer a free month of access to the platform for the first one hundred bounty and airdrop organizers. To become one of the lucky organizers, contact Grigory Yakushev at BANKEX.

Low Risks, Advantages for Bounty Hunters

Bounty hunters can open accounts to explore bounty programs, sign up for particular programs, submit solutions and collect bounty rewards in tokens all in one place and without delays.

BANKEX Bounty Service offers security for bounty hunters against the risks of non-payment and delays in the distribution of reward tokens because campaigns using Bounty Service must have a dedicated wallet with a requisite deposit of funds before the launch of a campaign.

Development Plans

The BANKEX Bounty Service team incorporate user feedback for the development of the service. In the event of a conflict between a bounty organizer and a bounty hunter, BANKEX Bounty Service will mediate disputes and provide equitable solutions.

In the near future bounty and airdrop organizers will benefit from a number additional features now in development. Soon it will be possible to create custom bounty program templates as well as the ability to renew previously completed bounty and airdrop campaigns using the same wallet should there be funds remaining without the need to initiate new campaigns. The BANKEX Bounty Service team will also offer a bulk discount rate for organizers conducting a larger volume of campaigns.

BANKEX Bounty is available online now here.

About BANKEX

BANKEX is a global fintech company that operates a Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) and blockchain together and facilitate the digitization, tokenization & exchange of traditional assets. BANKEX`s end-to-end ecosystem bridges the gap between the emerging blockchain sector and the traditional finance industry with innovative IT solutions.

For more information, please visit bankex.com/en

Crypto News

Points that make Cryptocurrency exchange vulnerable to attack.

By: on July 20th, 2018

The Blockchain is the distributed ledger technology that underlies Cryptocurrency. It provides a way to record and transfer data that is transparent, safe, auditable and resistance to outrages. However, there is always a weak link somewhere. The Cryptocurrency exchanges that process transactions and store digital currency can be vulnerable to potential hacks and to theft.

Altcoin News

Owning a bank, by itself, won’t necessarily solve crypto’s problems

By: on July 19th, 2018

But owning a bank, by itself, won’t necessarily solve crypto’s banking problem, according to compliance experts who’ve worked in both fields. Even if the regulators bless the pending takeover, Capo and Charlie Lee may face new challenges operating in a heavily regulated industry where “coin” is frequently treated as a four-letter word.

Altcoin News

IBM announced ‘Stablecoin’ stronghold USD for fast and secure transactions.

By: on July 19th, 2018

A crypto start-up Stronghold is launching a new Stablecoin in partnership with IBM. IBM is exploring the use of a ‘Stablecoin’ to facilitate fast and secure payments within the financial services sector. Stronghold’s USD token, have the potential to improve the international banking operations and payments, giving banks an easier way to incorporate with public blockchain networks without significant changes to their core banking and compliance infrastructure.

Altcoin News

Obstacles on-way in order to launch a crypto debit card

By: on July 18th, 2018

Charlie Lee noted that there are still some obstacles to overcome in order to launch a crypto debit card, writing: “People have brought up valid concerns that we still need to work with and be approved by players in the current financial systems like Visa and SWIFT.”

Altcoin News

Blockchain firms get Insurance

By: on July 18th, 2018

The industry announces that the team has tossed the rule in partnership with authorities in London’s security shops. It is exactly adapted to keep blockchain businesses from possibilities related to legal threats, financial experience, cyber risk, and crime.

Altcoin News

Binance donating $1 million to Japanese flood victims

By: on July 17th, 2018

Another recent cases include Binance donating $1 million to Japanese flood victims, and Paxful granting academic scholarships to female Afghan refugees in the US. And this mosque is not the first religious establishment to turn to aid from crypto users. Back in January ICF Zurich, an evangelical church from the largest city in Switzerland, which begun accepting voluntary offerings from its parishioners using cryptocurrency.

Breaking News

Bithump expanding to Japan and Thailand.

By: on July 17th, 2018

South Korea’s biggest exchange is now planning to expand into Thailand and Japan. The new locations are part of company’s global expansion plan, which aims to establish Bithump as a leading crypto exchange in all major crypto markets of the world.

Bitcoin News

Greek Directions to Extradite Alexander Vinnik

By: on July 16th, 2018

A Greek high court has administrated to deport the suspected former operative of crypto exchange BTC-e, Alexander Vinnik, to France. Vinnik himself faced the result of the Greek court on deportation to France, rejecting the allegations of French consultants, who allotted a warrant.

Visit Us On TwitterVisit Us On Facebook