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TradeFinex Launches An Updated Website Supporting Financial Instruments

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TradeFinex Launches An Updated Website Supporting Financial Instruments
Source: XinFin

The TradeFinex website has recently undergone some significant changes. The redesigned site highlights; achieving liquidity and interoperability of financial instruments as the main objective. With the updated TradeFinex site, the entities can mitigate counter-party risks by making their digital bonds and invoices; liquid and interoperable.

Digital Bonds

Based on XinFin Hybrid Blockchain, TradeFinex will simplify and streamline the entire corporate bond lifecycle. TradeFinex will create a global bond standard by connecting traditional bond market with digital bond technology. Built-in KYC/AML regulations and standard features like profile creation for both organization and individual; makes TradeFinex, a real-life bond creation, and exchange platform.

Source: XinFin

A blockchain-powered platform, TradeFinex is fully secure and transparent and will always avoid the risk of a single point of failure for its users. Not only will it make creating, managing, and liquidating bond instruments seamlessly easy but will also enable hassle-free automatic, instant, and efficient bond settlements for its users. Another major benefit would be the enhancement of secondary market liquidity by bringing brokers, dealers, and licensed entities on one single platform.

Interested institutions looking to conduct a PoC, please click here.

Explore more about Digital Bonds here.

Invoices

TradeFinex leverages the power of blockchain to help users get more financing options to their unpaid invoices. InFactor is a platform for factoring trade instruments, mainly invoices. Designed on a global framework, XDC-I11 messaging and transaction ISO20022 standard using XinFin Hybrid Blockchain technology, InFactor will convert unpaid invoices to instant cash. Built-in XDC Wallet and smart contracts will make invoice factoring easier, transparent, and secure for its users.

Source: XinFin

Open ‘plug-and-play’ API access will enable easy and fast integration allowing users to create interoperable platforms and get access to a wider financial ecosystem. The underlying smart contracts will facilitate automatic repayment and settlement of invoices. Hence, companies receive cash instantly, customers live by friendly payment terms and investors earn profits in the form of factoring fees.

Interested institutions looking to conduct a PoC, please click here.

Read more about Invoice Factoring/InFactor here.

Coming Soon on The TradeFinex Site

R3 Corda Bridge

Another counter-party risk mitigation feature pending release on the TradeFinex website is R3 Corda Bridge. TradeFinex will enable users to connect R3 Corda Bridge State with Public Network by deploying Corda smart contracts to XinFin Network smart contracts using a relayer bridge. R3 Corda and XinFin Bridge connectivity will facilitate atomic swap which will completely revolutionize the money transfer system in the crypto world.

Explore more about R3 Corda Bridge here.

The TradeFinex Consortium

The TradeFinex team has initiated a consortium with open invitations to address peer-to-peer trade finance and asset tokenization of real-world assets. TradeFinex invites Global Public Investors [GPIs], regulators, fintech companies, and financial & government institutions to be a part of the ecosystem who will introduce the right financial instruments, their standardization and will closely work with regulators for holistic business development. To be a part of this change as a consortium founding member, please click here.

Click here to know more about the consortium event scheduled in June this year.

Click here to know more about the TradeFinex LinkedIn Group. Membership with invitation only.

About XinFin

XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit here or learn more about XinFin in this video.
Interested Institutions looking to setup KYC enforced Masternodes [TestNet], please click here.

Follow XinFin on Twitter, LinkedIn, and Telegram.



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Press Release

The first $BEXAM IEO successfully completed on X-Hive Exchange

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The first $BEXAM IEO successfully completed on X-Hive Exchange
Source: X-Hive Exchange

The first phase of $BEXAM [Bexam token] IEO presale with a 10% discount on X-Hive exchange was held on May 13th, which successfully sold out 200,000 USD worth of $BEXAM within the day. The second stage of $BEXAM IEO will be executed on X-Hive starting June 3rd 12:00 SGT to June 23rd for 1.8 million USD worth of $BEXAM to be sold.

What is Bexam?

Bexam, the next generation blockchain/DAG hybrid platform with the Grid Ledger System [GLS] algorithm, is focused on providing the solution for large enterprises worldwide using blockchain. A solution for cross-industry platforms operating multiple transactions on the same chain, solving speed and scalability issue. Bexam builds custom applications for enterprises with distributed ledger technology using the GLS. In the GLS network, this technological system gives roles to each individual nodes; similar to the process of sharding, by formulating a node hierarchy consisting of Super Nodes, Master Nodes, and Normal Nodes and Signal Nodes connected in a circular network to optimize data disbursement while removing hash values to achieve high speeds. Through the integration of a node hierarchy which can expand, or contract based on the size of the network, scalability is created.

The GLS’s Proof of Concept with NTT Docomo illustrates the fact that near instant global transactions are easily achieved on the Bexam platform: YouTube video!

Token Utility

  • Master Node and Super Node staking/rewarding
  • Smart money
  • Functional cryptocurrency

The merit of holding Bexam token

  • Staking $BEXAM gives you ownership of the Master and Supernodes;
    500,000 $BEXAM for a Master Node, 100,000 $BEXAM for a Super Node.
    Master Node receives 80% and Super Node receives 20% of a transaction fee for the specific transactions processed by those nodes.
  • Users will receive a 50% discount on the trading fee, by using $BEXAM to pay for the trading fee on X-Hive exchange, starting from the official launch of X-Hive.

Second stage $BEXAM IEO launch on X-Hive

Sale Time: June 24th [12:00 SGT] – July 1st [23:59 SGT]

Sale Total Supply: 300,000USD worth of $BEXAM

Sale Price: 0.12 USD = 1 $BEXAM

$BEXAM is expected to be listed after X-Hive’s official release scheduled in July 2019. Investors can find immediate value for using $BEXAM to pay for the trading fee with 50% discount. The confirmed listing date will be announced later by X-Hive. To participate in the $BEXAM IEO, go to X-Hive and check for details today.

About X-Hive

X-Hive exchange is a decentralized exchange with centralized benefits. Being part of the Bexam ecosystem and benefiting from Bexam’s unique technology; Not only does X-Hive solve the scalability issue present in decentralized exchanges, but also able to achieve high transaction speed of up to 40 million TPS. X-Hive can pair up any coin/token even with different original blockchain. With this, X-Hive aims to operate as the exchange with the most pairs in the world, providing centralized benefits of 24/7 customer support with multiple languages to their users.

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