The decentralized platform has been designed to protect traders’ funds with no third-party involvement or access to private keys. The team behind the technology says it has created innovative features for Bithemoth which set it apart from the competition.
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Removing reliance on a centralized platform
Bithemoth says it is at the forefront of the ‘blockchain revolution’ and wants to remove the reliance users have on a centralized exchange. Security is cited as a priority with its integrated hardware wallet, giving complete control to users and avoiding security issues. It also challenges the existence of intangible coins, instead offering more meaningful purchases with Bithemoth payment cards or payments made within its own marketplace.
Bithemonth also tackles the poor user interface that exists on many exchanges, making it more simple, smart and advanced. In its whitepaper, the Bithemoth team highlights ‘distinguishing' features of its technology. This includes a quick view portfolio management distribution tool, meaning users don’t have to go through the often complex and protracted processes to evaluate their holdings. A special trading feature on the platform will allow traders to have their own smart buy/sell orders, something that can often be missing from other platforms. Crypto can be purchased via credit card or money transfer on the site and a user-friendly interface, usable on a wide range of devices will also feature.
A pre ICO has already taken place. The main ICO will run from November 30th until December 31st. Accepted currencies are ETH, BTC LTC. To find out more about the sale visit the Bithemoth website.