Blockchain’s low resource, fast paced and efficient technology are definitely its biggest advantages. It is evident in the fact this technology is being adapted to every sector of finance, industry and other service businesses. Yet most platforms out there use the technology for a single, tight knit use case or product.
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Dynamic Use With Beldex
This is no more the case with Beldex, a Malaysian startup that has a broad range of services that it will be offering to the public. They have recently announced three different, separate services:
- Bel Trips: With a $44,000,000,000 industry, taxi services all around the world have a lot to gain from blockchain and decentralization. Bel Trips is a taxi service by Beldex that relies on blockchain technology, offering a flexible rate of service, that is automatically adjusted according to time of day, trip distance and locations.
- Bel Needs: Apart from a taxi service, Beldex also offers a delivery service, Bel Needs. The service is specifically designed to cater for deliveries in far flung areas, where normal delivery services do not operate. Thereby, the platform taps in to a previously untouched market segment.
- Debit Card: Understanding that cryptocurrency holders will not see digital currency being used in everyday life until regular services are provided, the platform offers a debit card that can be used to spend tokens, even where the platform is not reachable.
Other services planned for the future include a hybrid decentralized exchange, allowing traders to deal in different cryptocurrencies and fiat. The transparent nature of blockchain will be reflected in all trades on the platform.
The Beldex platform has also released an e-wallet, ensuring funds are stored in an extremely secure environment. Both the exchange service and the e-wallet will be linked with the debit card, allowing users to withdraw funds in the form of fiat money. The wallet is available for users as soon as they sign up on the platform.
Dual Nature Token
Beldex has a token that is rare in the blockchain field. It is a regular token with the ability to make transactions anonymous, should the sender desire so. Using Hexagonal Ring Xtensive Transactional Signatures, a sender’s public key is obscured, along with the transaction route, making transaction truly anonymous.
The Beldex token is also one of the few that supports Atomic Swaps, allowing users to simply exchange tokens for other coins instantly, without the need to be on their (or any other) exchange.
The token is currently going through its distribution event, with a private phase to end on 31st of May, with 1 Beldex going at a rate of $0.13. The initial public event will start immediately after, raising the price to $0.15 and it will keep on increasing incrementally every 15 days, until the final stage, where it will be available for $0.25.
The platform hopes to have a beta launch next month with its token listed on major exchanges by August, 2018.
For more information on the decentralized multi service platform, visit their website: https://beldex.io/