Table of Contents
Introduction:
Crypto has been booming in recent years, and the demand for transparent and safe crypto trading is on the rise. In light of this demand, InfinityBit Exchange has been developed to provide a new approach to centralized Crypto trading. InfinityBit Exchange is a CEX that combines the transparency of DEX with the convenience of a centralized exchange.
InfinityBit Exchange: A Transparent CEX
Many centralized exchanges are operating with no transparency, and this has resulted in mistrust and skepticism among traders. DEX has provided an alternative solution, but there will always be a need for fiat on-ramps. InfinityBit Exchange has been developed to offer the transparency of DEX along with the convenience of a centralized exchange.
Tokenomics of IBIT
IBIT Token is a token that will enable reduced fees and other benefits on the InfinityBit Exchange. It does not provide any ownership of the InfinityBit Exchange. IBIT will have an initial supply of 10,000,000,000, with a hard-coded maximum supply of 10,000,000,000. An initial private sale will be held where IBIT tokens will be offered for sale at 250,000,000 IBIT = 1 ETH. 43% of the supply will be burned, reducing the total supply to 5,700,000,000 IBIT. A liquidity pool (LP) will be initialized at Uniswap V2 Router with 20% of the initial supply, which is 2,000,000,000 IBIT tokens paired with all of the ETH from the private sale.
Taxes and Token Utility
IBIT Token will have taxes on transfers, DEX buys, and DEX sells. These taxes will be used for marketing and development of both the Infinitybit Token and the InfinityBit exchange. Taxes are adjustable in the smart contract but cannot exceed 5% total, as there is a hard coded 5% maximum total tax. PR & Marketing Tax Wallet and Development Tax Wallet are the two wallets that will receive the taxes. IBIT token will be accepted on the InfinityBit Exchange for reduced trade execution fees. Maker and taker fees will be reduced by 50% when paid using IBIT tokens.
Benefits of IBIT
IBIT token holders will enjoy the following benefits:
● Reduced trading fees
● Access to an AI-powered automated trading system
● Use of IBIT as a medium of exchange
● Staking rewards
The InfinityBit AI-Powered Automated Trading System
InfinityBit Exchange is developing an AI-powered automated trading system. This system will be capable of executing automated trades of cryptocurrency pairs on the InfinityBit Exchange. This system will be designed to execute trades based on customizable AI-enhanced signals as set by the user. IBIT token will provide access to the usage of this system.
Legal Considerations and Risks
It is important to note that there are no implied or expressed expectations of returns from this token. Purchase of the IBIT token carries considerable risk, and purchases cannot be refunded. There is no guarantee expressed or implied to the function or value of IBIT tokens. US persons are not permitted to participate in this private sale.
Conclusion
InfinityBit Exchange provides a new approach to centralized Crypto trading that combines the transparency of DEX with the convenience of a centralized exchange.
