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STARTER INFORMATION

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Belifex, an Ethereum Based token that enables fast and private transactions on the blockchain has arrived. With the creation of its own Decentralized Social Media Platform and Exchange it will start creating its own ecosystem.

"Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals.

As a counter-culture movement that is often connected to cypherpunks, cryptocurrency is essentially a fiat currency. This means users must reach a consensus about cryptocurrency's value and use it as an exchange medium. However, because it is not tied to a particular country, its value is not controlled by a central bank. With bitcoin, the leading functioning example of cryptocurrency, value is determined by market supply and demand, meaning that it behaves much like precious metals, like silver and gold.

Cryptocurrency transactions are anonymous, untraceable and have created a niche for illegal transactions, like drug trafficking. Because the currency has no central repository, law enforcement and payment processors have no jurisdiction over bitcoin accounts. For cryptocurrency supporters, this anonymity is a primary strength of this technology, despite the potential for illegal abuse, as it enables a shift in power from institutions to individuals."

With that being said, Belifex blockchain is a blockchain database that supports and encourages community building and social interaction thanks to the payment of cryptocurrency rewards.

Now that I have your attention, let’s get right to it.

What exactly is BELIFEX?

As depicted earlier and as indicated on the official website of Belifex, Belifex is an Ethereum Based token that enables fast and private transactions on the blockchain. With the creation of its own Decentralized Social Media Platform and Exchange it will start creating its own ecosystem.

Belifex blockchain is a blockchain database that supports and encourages community development and social interaction thanks to cryptocurrency prize payments. The Belifex Blockchain will focus primarily on combining all concepts from social media, advertising, and Artificial Intelligence and platforms for mass adoption. Donations and Charities are the key to mass adoption. An important key to inspiring people to participate is a free market currency or economy with a system built to support this. Each person's contribution will be a source of income. Belifex will be the first cryptocurrency that seeks to give accurate and transparent rewards to individuals who make subjective contributions to their communities, charities and donations.

Belifex will engage with concepts from Artificial Intelligence, social media, and advertising for ecosystem building. The project also plans to build a platform for all mass adoption. Certainly this platform will facilitate donations and charities. Communities will also be encouraged to participate, as everyone's contribution will be a source of income. The Belifex platform is considered to be the first project to reward, accurately and transparently, individuals who make a subjective contribution to communities, charities and donations.

Expected Products

Belifex Social

This is the platform that makes people able to receive BEFX coins for the content they write or make.

Payment Platform

The payment platform for the website / web workshops to implement BEFX easily on the platform, there is a kind of database that stores plugins.

Belifex Ad Service

Advertising and donation platform for the company and startups.

Market

Create a place where you can buy and sell goods.

Machine learning tools

Data learning applications, will bring more marketing incentives and human dynamics

Games using VRSocial Health application

Performance applications, users will be rewarded when access to rewards. For example, you run 5 miles at a time. This would be good for getting sports people on the train.

Belifex Exchange Platforms

Belifex will create two exchange platforms for its community. Centralized and decentralized platform. This will be done to enable trading of both tokens and erc20 currencies.

Machine learning applications and tools

Data learning applications, will bring more marketing incentives and human dynamics.

Augmented Reality

Games that use VR.

Social Health application

Performance applications, users will be rewarded when access to rewards. For example, you run 5 miles at a time. This would be good for getting sports people on the train.

About The BFEX Token

BEFX is a Belfex token symbol, a major payment method for all future products. So much needed in the future and worth the investment if you like the concept of this project. The alerts were already listed on several exchanges (altmarkets, store tokens, Jar tokens, Etherdelta ..), but Belifex decided to launch an early event, where buyers were promised to receive 100% BFEX token for investment.

The Focus Area

Code Distribution:

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Social Media

Payment Gateway

Advertising

Donations and startups

Artificial Intelligence

Healthcare

CEX and DEX exchange platform

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MEET THE AMAZING TEAM

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Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://belifex.com

Facebook: https://www.facebook.com/Belifex.BEFX/

LinkedIn: https://www.linkedin.com/company/belifex/

Twitter: https://twitter.com/BelifexE

Digg: http://digg.com/u/Belifex

YouTube: https://www.youtube.com/channel/UCwXLUJQ2mlQrjZYrTQKDvFw

Exchanges : https://belifex.com/wheretotrade/

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Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.