BurEx Exchange (BUC) Airdrop

ABOUT THE PROJECT: BurEx is a platform intended for sale and purchase of crypto currency. This is a high-performance system running on Node.js. As known Node.js is ideally suited for this type of project since it can handle a very large number of operations per second depending on the configuration of the server. This is a big advantage when it comes to large, high-loaded real-time platforms.

IDEA: The main idea of the project is to make it possible to pay for services on the Internet with various crypto-currencies without unnecessary manipulation. And she was born on the basis of the fact that many crypto-currencies appeared that no one can just take and pay for a certain service on the Internet or buy something. These coins are simply traded on different stock exchanges and nothing more. And we came up with a solution to this problem, namely, the service for accepting payments by crypto currency, and this is BuPay.

HOW BUPAY WORKS: The owner of the site providing services to the Internet register’s his site on the service BuPay. Chooses which crypto currency wants to accept payments on its website BTC, ETH or BUC. Accordingly, the prices for services are also set according to the chosen currency. Connects to the site a BuPay widget for receiving payments. A user wishing to pay a crypto-currency for a service simply selects the crypto currency from his list. BuPay through the BurEx API receives the coin price selected by the user for that which the service provider receives, generates the address and the quantity that needs to be sent to the address. As soon as the network sees a transfer to the address, the current orders for BurEx are redeemed and transferred to the seller, and the buyer’s coins are transferred to the account of the order holders that were closed in the transaction.

THE ROLE OF BUCOIN IN THE BUPAY PAYMENT SYSTEM: For each transaction through BuPay from the owner of the site will be written off a certain number of BuCoin-s in the form of a commission. Commissions will be about 10 times smaller than traditional payment systems. The commission for them will be floating, and with the multiple connection of BuPay to the sites, the demand for BuCoin will increase, which will lead to an increase in the price. And to save cheap commissions for accepting payments, it will decrease in proportion to the price increase for BuCoin. This way the system will work. The situation of a long transaction or insufficient liquidity of a coin has not been described above. These points will be described in detail in the BuPay documentation. The launch of BuPay is scheduled for November, 2018.

REWARD TO ALL!: As for BurEx, the platform is ready for launch and further work. After the start, there will be available for the exchange of about 20 trading instruments and new ones will be regularly added. Referral system – 25% of the referral commission. Every month, 45% of the Exchange’s revenue will be distributed among BuCoin owners. Use BuCoin will be possible to pay commissions that will reduce them by 50%.