Biokript: World’s First Hybrid Shariah Trading Platform
Introduction:
The most latest cex and Dex exchange functionalities are offered by the Decentralized exchange platform Biokript. Most intriguingly, since exchange earnings is split 1:1 between users and exchange, every Biokript user is eligible for advantages. This indicates that users receive 50% of the exchange’s profits. This is the first and only exchange of its sort to offer a 1:1 profit sharing arrangement with its users. The most reliable, trustworthy, and contemporary decentralized exchange with in-demand features is Biokript.
As the uses of blockchain technology grow every day, it serves as a decentralized public ledger for the recording of transactions and other information. To provide adequate and maximum security, blockchain is cryptographically encrypted. Its operating mechanism gave rise to the term, as each block of data contained a cryptographic hash, a timestamp, and information from earlier blocks, making it difficult to change one without also changing the other. You can trade or convert your digital money between Fiat and other digital currencies by giving it to a corporation known as a “centralized exchange.” There are various risks associated with this mechanism.
BIOKRIPT’S ARCHITECTURE:
Biokript is the next generation cryptocurrency exchange. With the cutting-edge state technology, it will offer ultra-high-speed trade settlements, low fees, and sufficient liquidity at lowest prices. It is a Web3 solution with near-instant off-chain transactions. Since Biokript exchange is non-custodial and the investors have the full control of their funds, it will be much easier to secure necessary licensing. This also makes Biokript much more secure than centralized exchanges. In terms of latency, Biokript has the lowest latency at any point on the globe. Compared to centralized exchanges with latency of 50–450 ms and decentralized exchanges’ latency of 30–120 ms, Biokript will be far ahead of them with latency of 10–50 ms. Liquidity with centralized and decentralized exchanges is fragmented and in competition for stacking, while Biokript’s liquidity will be aggregated without locking requirements. With the current exchange system, using cross-chain settlement using bridges is extremely high risk and slow, while Biokript’s layer-3 virtualization, off-chain assets can remain in cold wallets but traded at very low cost. In terms of decentralization, CEXs are all centralized in data centers and DEXs are centralized by being on a single chain, while Biokript has a true decentralization of business, data centers, and chains.
An Evaluation of Biokript:
Based in Sarajevo, Bosnia and Herzegovina, Biokript is an exchange that was officially incorporated in the United States. An evolutionary next-generation exchange with a twist is Biokript! It is the first decentralized, profitable, trustworthy, and Shariah-compliant hybrid cryptocurrency exchange. According to Mudarabah principles, exchange revenues in Biokript are divided among token holders, and a significant discount is applied to all transactions for users who own Biokript tokens.
Smart Contract:
Binance Smart Chain is the exchange of choice for BioKript’s administrators due to its support for smart contracts. Fast, affordable, secure, and backed by the Binance exchange’s royalties is the Binance smart chain. Profits from this network would be distributed to all token holders by the core team.
Token Detail:
Token Sale: 35%
Treasury, airdrops, community: 30%
Founders and team: 15%
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Listing and liquidity: 15%
Advisors/Ambassadors 5%
Conclusion:
The Shariah-compliant trading platform of Biokript Exchange would draw traders from the Islamic world. These are the types of people that are searching for investments that adhere to Shariah. The mere possibility that the core team would occasionally burn tokens is a desirable development because it would increase demand while reducing supply, which would result in a healthy price increase. The core team’s established profit-sharing mechanism will also help to boost demand. These elements together with many others would make a biokript exchange appealing. Investors would have complete access to their cash, private keys, and voting rights just by virtue of the exchange’s decentralized nature, which would give them greater control over the exchange’s operations. The architecture of the Biokript exchange would overcome the drawbacks of centralized exchanges. Every cryptocurrency investor must carefully watch out for this exchange. Make sure you purchase a sufficient number of Biokript tokens now, as the token sale will last until April 2023.
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