Welcome to yet another epic monthly community update from the stables of Africa’s leading cryptocurrency marketplace. Since the launch of Bitfxt Exchange, September was one of the FinTech’s most successful months in terms of listing, expansion, growth and impact. A huge thanks to the amazing support team led by the CEO, Mr Franklin Peters, and the ever-growing Bitfxt community.
There were several milestones during the past month, but the most notable was the listing of Bitfxt’s DeFi token; BitDeFi (BFi) among 8 other DeFi tokens including YFI, YFII, UNI, DAI, and others. The listing of BFi introduced us to a whole new world that saw our beloved exchange run on both DeFi and CeFi systems. We consider this achievement to be a remarkable success in every sense.
Predict and Win Competition
The first activity of the month was a predict and win competition. Seven (7) DeFi coins were to be listed on the exchange and to spice it up, we decided to have some activity around it. Out of the 7 DeFi coins, users were asked to predict 5 of them correctly.
With a prize pool of 15,000 naira, we received a lot of predictions. Winners will be announced this month. You can find the announcement post here.
Bitfxt Joins Celo Alliance for Prosperity
A huge milestone was achieved by our African startup on the 4th of September when Bitfxt became a member of the Celo Alliance for Prosperity. The Alliance is a mission-aligned network of world organizations fostering social impact and financial inclusion through the use of blockchain technology. Being a part of the alliance is a big step towards achieving our goal of empowering Nigerians, Africans and the world at large through our services.
The CEO, Bitfxt expressed his happiness on joining the alliance and is eager to see the innovative financial solutions members of the Alliance are creating in response to major global challenges.
Tron (TRX) is Live on Bitfxt. Trade Now!
The aim of an exchange is to constantly include every tradable currency with high liquidity for her users to have more options during trading. This is one of the aims of Bitfxt exchange; to list the favourite currencies of our users to give them the best trading experience.
Tron (TRX) of the Tron Foundation was listed last month with NGN, BTC and ETH trading pairs. TRX holders are encouraged to trade and enjoy the engaging benefits and advantages that are exclusively made for Bitfxt users. For the full listing details and information about TRX and Tron Foundation, read this blog.
Uniswap (UNI) is Live on Bitfxt. Trade Now!
Following the listing of TRX, UNI, the native token of Uniswap was added to our ever-increasing catalog. Uniswap Protocol (”Uniswap”) has served as trustless and highly decentralized financial infrastructure. Uniswap is Open-source and totally decentralized unlike most centralized exchange platforms.
Trading pairs for Uniswap is NGN for now. More pairs will be added. Visit this blog to read more about Uniswap and how to Trade UNI on Bitfxt.com.
Bitfxt takes on DeFi with the launch of BitDeFi token
On the 21st of September, Bitfxt launched her first DeFi token; BFi which ushered in a new era for the exchange. Bitfxt now fully runs on both CeFi and DeFi systems providing solutions and services that meet the day to day needs of the community. Farming BFi is highly encouraged as it is a means of earning passive income as well as 7 other DeFi coins. Read more about this deflationary token here.
BXTC/BPY Hedging Kicks Off
BXTC/BPY hedging kicked off on the 28th of Sept. Users can now login to their vault account, send their BXTC to boundlesspay.co, swap their BXTC for BPY, send their BPY to their Bitfxt.com BPAY wallet and withdraw to NGN.
As much as this might sound like tough work, it's quite easy. You'll find a step by step guide here.
TATCOIN (TAT) staking now available on Bitfxt
Bitfxt is known for ending the month with a huge surprise and last month was no different. The long-awaited staking for Abitnetwork's utility token, Tatcoin (TAT) was launched with excitement from the community. With a minimum of 1000 TAT, holders can stake as much as 20,000 TAT and earn a monthly 12% APY. See staking details here.
This blog takes us through a series of frequently asked questions on issues surrounding crypto deposits and withdrawals. You’ll learn what to do if you ever find your coins missing during a transfer.
A stablecoin is a type of cryptocurrency that is designed to maintain a stable value. It does not fluctuate in price as much as other cryptocurrencies. This and so much more information on Stablecoins and their use cases was fully highlighted here.
Bitfxt continues to provide the lowest trading fees you can find on the crypto space. You will also find answers to some “Why” and “How” questions surrounding the concept of Trading Fees.
Bitfxt will be releasing an update to her mobile app in the coming weeks. In the light of this event, here is a sneak peak of the apps features before it is released. The Bitfxt mobile app will be available for both Android and iOS platforms.
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