BIOKRIPT - World's first hybrid Shariah-compliant crypto trading platform.
INTRODUCTION
A new cryptocurrency exchange called Biokript was created using the Binance Smart Chain (BSC). The platform is intended to be Shariah-compliant, which means that it complies with Islamic financial legislation. As a result, Biokript is the first and only cryptocurrency exchange in the world to comply with Shariah.
The three things that are forbidden in Islamic finance are interest (riba), speculation (gharar), and uncertainty (maysir). Fairness, openness, and risk sharing in financial transactions are stressed by these ideas. Due to this, people who value adherence to these standards in their investments may be drawn to Biokript's platform as a result of its adoption of Islamic ideas.
The cryptocurrency market has a number of issues, such as inefficiency, market manipulation, hacks, poor customer support, a lack of instructional materials, and fiat money options. Decentralized exchanges also have their own set of challenges, such as a lack of formal KYC and AML regulations that make them subject to frauds and criminal actors. Centralized exchanges are frequently prone to these issues.
However, Biokript alternatives attempts to address these issues by offering a cryptocurrency exchange that complies with Shariah and provides a number of alternatives. Market manipulation will be eliminated by Biokript's token since holders would get trading revenues, making wash trading unprofitable. The blockchain will be used for all of Biokript's transactions, making them transparent and available for audit.
The Biokript Platform's advantages
The Biokript exchange has the following benefits over other decentralised exchanges (DEXs):
Shariah compliance: Biokript is the first and only cryptocurrency exchange in the world that complies with Islamic law. This makes it a desirable choice for investors who place a high value on adherence to Islamic financial rules. Biokript distinguishes itself from other DEXs that might not provide Shariah-compliance with this special functionality.
The stability and security of a centralised exchange are combined with the discretion and control of self-custody in Biokript's hybrid approach to trading. Users who appreciate the security of a centralised exchange but also wish to retain ownership over their own cryptocurrency may find this distinctive feature to be appealing.
Biokript has low trading fees, which can make it a more alluring choice for customers looking to cut costs. As opposed to certain other DEXs, which could impose large fees as a result of the decentralization-related expenses.
BIOKRIPT'S REVENUES
The Biokript Exchange will make money via a number of charges. Even though the end user will benefit from the relatively tiny fees, they will still generate a sizable amount of income, which is essential for a profitable business.
Trading fees
Both Makers and Takers will be assessed a 0.20% fee by the Biokript exchange. Users that possess our Biokript tokens will be given a discount right away.
PURCHASES USING A CREDIT OR DEBIT CARD
For purchases made with a credit card or debit card, we will also add a modest fee.
Listing Fee
We chose the coins that appear on our platform with great care, and we charge projects a fee to list their token on our exchange. A thorough evaluation of the project is conducted before listing to ensure compliance
Voting costs
We will charge a vote price in addition to listing a token fee in order to engage our community with our platform. Involving our community in the listing process on our platform is done in a very well-liked and interesting approach in this way.
Biokript Vision
By educating people about blockchain technology, we hope to deliver Shariah-compliant crypto services and, in the process, advance the globe toward decentralization.
Biokript Mission
By upholding the fundamental principles of decentralization, Biokript's goal is to enable both novice and seasoned cryptocurrency investors to participate in the new digital economy without handing over their money to a centralized authority. Our mission is to establish ourselves as the most reputable cryptocurrency exchange in the world through the use of our cutting-edge blockchain-powered platform and teaching strategy.
CRYPTOCURRENCY MARKET
Without bitcoin exchanges, none of that would be feasible. Exchanges for cryptocurrencies link traders and handle transactions, making them a crucial component of the ecosystem for cryptocurrencies.
However, there aren't many cryptocurrency exchanges that adhere to Shariah, therefore Biokript will fill that gap. More than 1.9 billion Muslims live in the globe today, and Biokript will provide halal investing options with little risk. One percent of Muslims using our exchange would bring in around $500 million a year, even if they only used it sometimes.
In addition to Muslims, this offering will draw non-Muslims who are looking for a safe and secure return on their investments through our Shariah-compliant platform as well as a lucrative opportunity based on Mudarabah principles of profit-sharing using our proprietary BKPT coin.
Biokript Holder Benefits
To disperse revenues to each token holder, we will employ the BInance smart chain contract. We will execute a market buy order of Biokript tokens once each month from the exchange wallet where we keep all of the trading proceeds. This will encourage price rise and boost investor confidence in the Biokript token.
The corporate wallet will receive 40% of the Biokript tokens, which will be utilized for marketing, salaries, and other costs. 10% will be set aside for token burn, 5% will be used for Takaful insurance, and 5% will be utilized for reserves. All token holders will receive a proportionate share of the remaining 40%.
Biokript Token Burn
We'll design a special token burn to engender scarcity. For every 100% increase in the value of BKPT, we'll begin by burning 1% of the total number of tokens. 10% of all trading fee profits will be set aside for token burn. Because of the dynamic nature of this burn rate, it will decrease in the event of a sharp price increase to 0.5%, 0.3%, and 0.1%. Every 90 days, there will be a token burn, and if we don't generate enough trading earnings, we'll start burning the tokens in our Treasury.
Features of the Biokript Platform
Margin trading is a service provided by Biokript that enables investors to borrow money in order to boost their leverage. Margin trading has the potential to be a high-risk technique with larger potential rewards.
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Staking:
Biokript provides staking, which enables holders of $BKPT tokens to receive incentives. Staking can help to raise the value of the $BKPT token and is a means to generate passive income from cryptocurrency investments.
Strong Community:
Biokript has a sizable fan base, which is advantageous for investors. A robust community may offer assistance, exchange knowledge and insights, and aid in the promotion of the platform and coin.
Biokript Pertnership
Biokript Team
Tokenomics
Token sale: 35%
Treasury, airdrops, community: 30%
Founders and team: 15%
Listing and liquidity: 15%
Advisors/Ambassadors 5%
TOKEN SALE SCHEDULE
October 31, 2022: Private Sales -- Round A:
2% -- 10M tokens at $0.005/ 10% at TGE[1] then 10% quarterly
June 27th 2023: IDO – Initial DEX offering
15% -- 75M tokens, 100% unlocked
August 5th, 2023: IEO - Initial CEX offering
18% -- 90M tokens, 100% unlocked
Conclusion
In summary, the Biokript platform is a distinctive cryptocurrency exchange that provides a hybrid trading style that complies with Shariah. Low trading fees, margin trading, staking, and a sizable user base are all aspects of the platform. Investors have the chance to buy $BKPT tokens at a reduced price during Biokript's presale before they are made available for trade on the exchange. Before investing in Biokript, investors should do their own research and due diligence, just as with any other cryptocurrency investment. Overall, Biokript may be a desirable choice for investors that value security, control, and compliance in their investments due to its distinctive approach to cryptocurrency trading and adherence to Islamic finance norms.
For More Detailed Informations, Visit :-
Website : https://bit.ly/44a5lcF
Twitter : https://www.twitter.com/biokript
Facebook : https://www.facebook.com/biokript
Instagram: https://www.instagram.com/biokript
Telegram : https://t.me/biokript
White paper: https://whitepaper.biokript.com/