Biokript

Juli 14, 2023

World's First Hybrid Shariah-Compliant Crypto Trading Platform

Introduction

In a world where financial systems are increasingly digital, BIOKRIPT stands as a champion of fair, secure, and efficient cryptocurrency trading. By embracing the BIOKRIPT platform, investors are not only partaking in a revolution that democratizes financial trading but are also paving a path towards a better financial future.

As a part of this community, investors stand to gain from the platform’s unique advantages, benefit from Shariah-compliant investment practices and contribute to a decentralized financial landscape.

The BIOKRIPT platform also provides a secure environment for the exploration of Decentralized Finance (DeFi). This feature introduces users to the myriad advantages of DeFi, such as financial inclusivity, efficiency, and transparency, without exposing them to unnecessary risks. In effect, BIOKRIPT takes the intimidation out of DeFi, making it accessible and comprehensible for all investors.

BIOKRIPT Architectural Overview

Biokript represents the next evolution in cryptocurrency exchanges. By leveraging cutting-edge technology and Web3 solutions, it offers near-instant off-chain transactions, ultra-high-speed trade settlements, low fees, and significant liquidity at competitive prices.

1. Non-Custodial Exchange and Reduced Latency

The Biokript exchange adopts a non-custodial approach, meaning investors maintain full control of their funds simplifying the licensing process and creating a secure platform compared to typical centralized exchanges. Biokript’s architecture is designed to minimize latency with intervals ranging between 10–50 ms, providing a notable edge over centralized exchanges (50–450 ms) and decentralized exchanges (30–120 ms).

2. Liquidity and Cross-Chain Settlements

Biokript organizes its liquidity without requiring locking, countering the fragmented and competitive nature of liquidity in centralized and decentralized exchanges. The exchange employs Layer-3 virtualization, keeping off-chain assets in cold wallets yet enabling low-cost trades. This process eliminates the high-risk and slow nature of utilizing bridges in cross-chain settlements seen in traditional exchange systems.

3. Decentralization

Contrary to the centralization of data centers in Centralized Exchanges (CEXs) and the single-chain centralization of Decentralized Exchanges (DEXs), Biokript achieves true decentralization across its business, data centers, and chains.

4. Accountability and Transparency

All transactions in the Biokript network are executed on the blockchain, fostering transparency and allowing open review, a stark contrast to centralized exchanges where data is stored on a single server, leading to lack of accountability and transparency.

5. Hybrid Technology in Cryptocurrency Trading

Taking a look at the world of cryptocurrency trading platforms, hybrid technology emerges as a superior choice. Biokript represents this hybrid platform that merges the benefits of both centralized and decentralized exchanges, presenting a singular platform to deliver security and control to its users. This hybrid technology equates to a balanced and efficient trading experience appealing to both amateur and seasoned traders.

To fund the launch of the Biokript exchange, investors are provided with the opportunity to purchase Biokript tokens. Holders of Biokript Tokens (BKPT) are rewarded with a portion of both trading and listing fees, alongside the potential profit from the price appreciation of the Biokript token.

One unique feature is the profit-sharing mechanism, which aligns with the Islamic principle of Mudarabah, with profits equally distributed between the company and BKPT token holders. Another unique aspect is ‘token burn’ introduction, aiming to create scarcity. A dynamic burn rate creates a balance between supply and demand for the tokens. Should there be inadequate trading revenues for the token burn, tokens from the Biokript Treasury will be burnt.

These measures align with the overarching aim of Biokript to create a healthy, sustainable ecosystem for its community and providing attractive benefits for its stakeholders while maintaining stability and a consistent and gradual growth trend of the token on the exchange.

Token Distribution

Token Sale: 35%
Treasury, Airdrops, Community: 30%
Founders and Team: 15%
Listing and Liquidity: 15%
Advisors/Ambassadors: 5%

Token Sale Schedule

October 31, 2022: Private Sales — Round A:
2% — 10M tokens are offered at $0.005.
10% of tokens are released at the Token Generation Event (TGE)1, followed by a quarterly release of 10%.
June 27th, 2023: IDO — Initial DEX Offering:
15% — 75M tokens, fully unlocked.
August 5th, 2023: IEO — Initial CEX Offering
18% — 90M tokens, fully unlocked.

Summary

BIOKRIPT is more than just a cryptocurrency exchange. It represents a revolution in the digital financial landscape, embodying principles of fairness, transparency, and user empowerment. By offering robust security, ease of use, and potential for substantial returns, BIOKRIPT caters to a growing demand for a platform that meets the needs of modern-day investors. Join the revolution and create a better financial future with BIOKRIPT’s crypto exchange platform.

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