BTSE Token Price (BTSE)

As a utility token powering the exchange, BTSE was launched in March 2020. Users can hold BTSE in their wallets and save up to 60% on their trading fees. Thus, traders who hold BTSE and have exchanged at least 50 BTC worth of assets on the platform, can get a 24% discount. Those who don’t hold any BTSE can get only 5%. In order to get the maximum discount, one must have the trading volume equal to the equivalent of 2.5 million BTC as a minimum.

In addition, it is possible to earn extra income in the form of bonuses in campaigns and contests, or by participating in the referral program. At this, BTSE holders can increase their referral bonus by up to 40%. Also, BTSE provides its holders with such benefits as increased limits and rebates and enables them to participate in BTSE’s asset management offers. Finally, users of the platform can spend BTSE to purchase various products and services offered on the platform.

At the early stage of fundraising, BTSE has managed to attract a number of serious investors such as FBG Capital, Lemniscap, CMS Holding, and a few others. The public token sale started on March 5th, 2020. With the maximum supply of 200 million tokens, the token was distributed at a price of $2 per coin.

BTSE is available for trading on the internal spot market of the exchange. Bitfinex is the only external platform that offers BTSE for trading at the time of writing. Also, it is possible to buy the token on a decentralized exchange Uniswap. One may store the token on a native wallet offered by the exchange, on Blockstream Green designed specifically for Bitcoin and Liquid, or on Elements, an open-source platform featuring sidechain support.

BTSE services

As mentioned earlier, the BTSE exchange offers a number of services that are quite typical for the cryptocurrency industry. Thus, it comes with a 24/7 OTC service that enables its registered users to quickly exchange various assets directly between each other. It is also possible to switch crypto on a peer-to-peer basis or via the spot trading interface. For those who favor risk and want to maximize their profits, the platform offers futures trading.

With BTSE’s referral program, users may earn 20% of friends’ trading fees. The program comes with multiple levels as it’s also possible to make profits on friends’ friends and so on. It’s important to add that the number of levels is unlimited. These benefits are granted for a lifetime. Another way to make money on the platform is BTSE Earn. This service offers a number of ways to make a stable income such as crypto funds, staking, lending, and more. Needless to say that the APY that the platform offers is way higher in comparison with what traditional banks and other financial institutions have at hand.

For developers, BTSE offers a White Label exchange deck and a White Label NFT solution which enables deep customization helping other companies create their own solutions on the basis of BTSE. Also, an interesting fact is that, unlike other conventional exchanges, BTSE doesn’t segregate available currencies by pairs. Instead, it offers an all-in-one order book where it combines the buy and sell orders for all pairs resulting in fairer prices and higher liquidity.

In order to protect users’ savings, BTSE keeps 99.9% of users' funds in Cold Storage. Also, there is an ever-going Bug Bounty program that offers rewards to researchers and enthusiasts that discover any potential vulnerabilities within the ecosystem of the exchange. So far, no successful hack has ever taken place on BTSE at the time of writing.

BTSE events

BTSE regularly conducts various events. Typically, these are different lotteries that require users to hold a specific number of BTSE in their wallets. Lucky winners get NFTs of different projects at their disposal. Thus, the platform promotes emerging projects while keeping the audience engaged.

BTSE team and partners

The platform doesn’t disclose any information about its team members on the official website. However, some information is available on LinkedIn. Jonathan Leong operating from the US is the Founder and CEO of BTSE. He has 20+ years of experience in developing high-performance systems as he has been coding since the age of 15.

As for the partners, BTSE has managed to onboard many of those since its inception. In August 2020, it onboarded Brave New Coin for additional institutional-grade indices to track the real-time performance of crypto assets. In November 2020, it announced a strategic partnership with a trading platform Bookmark so as to provide a visual analysis of market liquidity. In April 2021, BTSE partnered with another cryptocurrency platform Wootrade. In addition, the platform regularly announces partnerships with other crypto projects along with listing their coins.