InfinityBit: Pioneering Transparency in Crypto Trading

Welcome to the inaugural post on the InfinityBit blog! As we edge closer to the highly anticipated launch of our Public Beta, we're thrilled to share some insights into what makes InfinityBit a groundbreaking force in the world of cryptocurrency exchanges.

A New Era of Trust: On-Chain Settlement

At InfinityBit, we're not just another crypto exchange. Our mission is to redefine the industry, setting a new standard for transparency and trust. As the first Centralised Crypto Exchange (CEX) to offer on-chain verifiable proof of reserves, we're bringing a level of transparency previously unseen in the crypto world. Every asset on our platform aligns 1:1 with the underlying asset, ensuring that what you see is exactly what you get - no fluctuating derivatives, no hidden surprises.

Self-Audit Capability: Empowering Users

Transparency isn't just a buzzword for us; it's a core principle. Every transaction on InfinityBit, from deposits and withdrawals to trade executions, is visible and verifiable on the blockchain. Our use of the FSB public permissioned blockchain means that anyone, at any time, can self-audit our exchange. This real-time audit capability offers an unmatched level of trust and security, empowering our users to trade with confidence.

Low Fees, Fast Execution, Unmatched Transparency

In a landscape cluttered with opaque centralised exchanges, InfinityBit stands out. We offer all the advantages of a CEX - low fees, fast order execution - combined with the transparency of a Decentralised Exchange (DEX). This unique combination positions us at the forefront of the modern trading landscape.

AI-Powered Trading: The Future is Here

We're not stopping there. InfinityBit is at the cutting edge of technology, developing an AI-powered automated trading system. This system, driven by AI trade signals, will enable automated trades on our platform, giving our users a significant edge in today's competitive trading environment.

IBIT: More Than Just a Token

Our ERC20 token, IBIT, is not just a utility token; it's a key to enhanced trading experiences. The token is also integral to our AI-powered automated trading system, which is currently under development. IBIT holders enjoy 50% reduced trading fees and can currently use IBIT within the NULS ecosystem. Furthermore, we plan to build an advanced InfinityBit ecosystem of tools and services.

Looking Ahead: The Road to Launch

As we approach the end of 2023, we're on track for our Public Beta launch. The excitement within the InfinityBit team is palpable, and we're working tirelessly to ensure that our platform meets and exceeds the high standards we've set for ourselves. The official launch of the CEX is slated for Q1 2024, and we can't wait to welcome you aboard.

Stay tuned to this blog for more updates, insights, and behind-the-scenes looks at InfinityBit. Together, let's embark on a journey toward a more transparent, trustworthy, and efficient crypto trading experience.

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