Remember! Not your keys, no longer your crypto!

in #biokript2 years ago (edited)

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Biokript as a blockchain-powered, present day hybrid exchange, combines the quality elements of centralization and decentralization.

This ensures that the evil plaguing centralized exchanges would now not be replicated.

Biokript do no longer comply with 'fractional reserve system' of operations.

wondering what fractional reserve device means?

Now read on!

WHAT IS FRACTIONAL RESERVE SYSTEM?

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A fractional reserve device is a banking device used in the standard monetary system, as properly as centralized cryptocurrency exchanges, as we have recently seen. It is a device in which only a fraction of customer deposits is backed through true money that is on hand and geared up for withdrawal.

This ability that banks are solely required to maintain a component of customer deposits in reserve for withdrawals, while the the rest is loaned out to reap yields and solely will pay clients returned a penny on the dollar. This machine is mistaken because, in the tournament of a black swan event, customers will be left striking and unable to withdraw their dollars due to a financial institution run.

Any absolutely decentralized network, whether an exchange, wallet or intermediary, should allow users to personal their keys. This is what BIOKRIPT ambitions at making a extensively accepted principles.

Most centralized exchanges such as FTX as has been witnessed, makes use of a fractional reserve system.

Biokript believes that the solution is a decentralized system in which clients self-custody their cash whilst additionally benefiting from the blessings of a centralized exchange. A hybrid gadget that combines the perks of centralization and decentralization. You do not have to fear about the popularity of your money with Biokript because you maintain them yourself. You additionally get introduced safety on the exchange, such as 2FA, and you can be assured that only vetted tokens are listed.

Biokript also being a hybrid alternate where excellent facets of centralization and decentralization are employed so our platform is non-custodial meaning, all of our customers are in full manipulate of their personal money in a safe and impervious decentralized manner, while at the identical time that can exchange with efficiency and sufficient liquidity of a centralized platform.

What sets Biokript Apart
Biokript is constructing a platform for every person who wishes to trip a simplistic method to crypto trading.

✅We don't follow the fractional banking model.

✅You have manipulate of your funds.

✅We share the buying and selling price income with $Bkript holders.

BIOKRIPT'S TOKENOMICS

Total supply: 500,000,000
Token sale: 35%
Treasury, airdrops, neighborhood and team: 15%
Listing and liquidity: 15%
Advisors: 5%

TOKEN SALE SCHEDULE
October 2022
Private Sales Round 1
10%-50M tokens at $0.005/10% at TGE then 10% quarterly

January 2023
Private Sales Round 2
10%-50M tokens at $0.0075 /10% at TGE then 10% quarterly

April 2023
IDO - Initial DEX offering
15% - 75M tokens at $0.015/100% unlocked

DETAILS FOR MORE INFORMATION

Website: www.biokript.com

Twitter: www.twitter.com/biokript
Telegram:https://t.me/biokript

Facebook: www.facebook.com/biokript

Instagram: www.instagram.com/biokript

Reddit: https://www.reddit.com/user/_Biokript

Author
Bitcointalk username: Mmagreat2

Bitcointalk Prоfіlе link: https://bitcointalk.org/index.php?action=profile;u=3512496

BSC Wallet Address: 0xe5a04D5ac2b9e437575D9ae63A47BBF341736053

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