Crypto Pacitan : BDSM platform.

BDSM platform.

INTRODUCTION

Beyond Digital Asset Marketplace, hereafter referred to as BDAM, is a modern-age project initiated by BDAM Foundation Hongkong that strives to innovate and revolutionize the current day finance. It is founded by a team of industry experts from finance, banking, blockchain, crypto and software-development industry who are aiming to create a complete digital financial ecosystem through the development of a state-of-the-art hybrid digital-asset exchange and a decentralized payment gateway.

The team at BDAM aims to facilitate people from all walk of life— by enabling them to get access to seamless, secure, trustless payment solutions at minimal costs. They utilize a hybrid architecture of centralized and decentralized exchanges for the creation of an entirely new crypto-exchange. This exchange is further linked with an online payment gateway called BDAM Pay which works as a virtual payment platform for enabling vendors, retailers, and consumers to make seamless crypto and fiat payments at low costs, eliminating the usability and acceptability issues for the cryptocurrency holders.

The BDAM global marketing involves the integration of BDAM platform into a wide variety of payment services, both fiat, and crypto. Through agreements with payment networks such as Visa, Mastercard, and Union Pay, BDAM Pay will enable crypto payments across all retailers: online and offline, making it possible for crypto-users to make payments seamlessly and securely, without relying on intermediaries and banks.

About BDAM

British Digital Asset Management (BDAM) is a project founded by a team of industry veterans from the finance and technology industry. Backed by industry veterans and leading venture capital firms and incubators, BDAM team consists of developers, traders, finance experts, business strategists and developers and marketers who are working tirelessly for over a year, to ensure that a complete ecosystem of decentralized products and services is created and our customers get the maximum gains on their investments.

Exclusively focused on working and investing in blockchain Artificial Intelligence, BigData, and IoT, the BDAM team is striving to combine traditional fintech with modern-age decentralized finance. The founding body has strong relationships with leading venture capitalists, evaluators, and promising entrepreneurs, which would help the BDAM Project grow and gain the required initial funding. They strive to offer their investment body to get maximum returns by building a diversified portfolio while also helping entrepreneurs and potential startups grow by helping them get their desired funds.

OUR VISION

With BDAM, our envision to create a modern financial ecosystem that resolves the issues faced by consumers while making payments through traditional banking channels or using cryptoassets. We strive to develop an exchange that stands out among others by addressing the challenges faced by centralized and decentralized exchanges, ensuring to provide the community with what the community wants.

OUR MISSION

At BDAM-Exchange, our mission is to develop a fully transparent, hybrid digital-asset trading platform that solves the issues faced by trader while also enabling them to use their digital assets through a dedicated payment gateway.

PROBLEMS & CHALLENGES FACED BY THE INDUSTRY

After a thorough research and analysis of the market for around six months, and based on the combined experience of our team and advisory board, the BDAM Management has identified some major challenges faced by users while making payments through traditional payment processors and banking channels and cryptocurrencies. This section also consist of the problems faced by users while using crypto exchanges, which result in creating high entry barriers for general masses and investors, and in turn stifles the market acceptance and adoption of cryptocurrencies.

Problems faced by users while banking and payment processing

High fees and role of middleman:

Traditional banking and payments by using traditional payments processer is expensive as it often involves the role of intermediaries who charge hefty fee.

Hectic process in Payment to vendors:

The payment process for vendors through traditional payment methods is a cumbersome process. For example, in eCommerce, the process has several steps involving confirmation of delivery, generating physical bill by the suppliers for exchange and submission of transport and invoice documents to the affiliated bank for payment. Moreover, the payment system for retailers is often hectic and the earned amount is released in weeks if not months. As a result, the retailers have to wait for the platform to clear their amount and only then be able to utilize it.

Inefficient transfer of payments for consumers:

Fiat money is inefficient to move around. As a result, for making online payments, consumers need to to rely on various intermediaries, who each take a share of profits in order to relay money to the next recipient.

Remittance is expensive and hectic

Traditional remittance providers and payment processors are slow and charge a hefty conversion-fee. A wire transfer to another country may take up to 10 days for the recipient to be able to access the money. These high fees and long settlement times are justified to us by saying these intermediaries are the trusted guardians of the walled money system.

OUR SOLUTIONS

For issued faced by users while using banks and payment gateways

Minimal Fee

BDAM Pay believes in a business model that is more customer-oriented rather than focused on gaining corporation gains. The platform charges minimal fee of 0.5% per transaction while enabling vendors with a payment gateway that enables seamless processing of payments through Visa, Master Card and Cryptocurrencies.

Instant release of funds to retailers

BDAM Pay works as a payment gateway or a virtual bank that ensures that service provider doesn’t have to wait for weeks for receiving payments after they have successfully completed their orders. It uses smart contracts as escrow which releases payments immediately after the order has been closed, thus the retailer are given the freedom of withdrawing their amount whenever they like.

Seamless Payments for consumers

Unlike traditional payment gateways, BDAM allows its users to seamlessly make payments without involving intermediaries. Instead of making fiat payments that may take up to a week for completion, BDAM offers a gateway which is connected to the Hybrid BDAM exchange, ensuring instant-conversions to and from fiat currencies.

Remittance is expensive and hectic

With BDAM Pay, users can send and receive money to their friends and families abroad without having to worry about waiting for days or paying hefty-exchange fee. Users get access to a dedicated fiat-enabled wallet where they can purchase BDAM Token and send it to their loved ones in a matter of seconds. The receiver can then further convert it to his local currency, or even make direct payments through BDAM Pay.

KEY PRODUCTS

This section gives a detailed description of the key products offered by the BDAM Financial Ecosystem. It strives to explain about BDAM Hyrbid Exchange, i.e., a hybrid crypto-asset exchange and BDAM Pay, i.e., the payment gateway while also outlining the standout features of these two products.

BDAM HYBRID EXCHANGE

BDAM Exchange is a multifunctional, multi-layer-designed hybrid exchange that combines the advantages of centralized and decentralized exchanges. It is first of a kind exchange that combines feature of both centralized and decentralized exchanges that allows it to provide its users with features of both type of exchanges.

It combines existing technology and several blockchain networks to multi-layer blockchain hybrid structure, allowing it enhances its functionality, increased scalability, usability, interoperability and High speed TPS.

While initially, it supports trading of crypto-assets only, it plans to extend its range of services to digital asset spot trading, CFD trading, and on-chain trading. Moreover, in order to enable decentralized business model, it will issue BDAM tokens which are to be distributed and sold among community, making the exchange a community-owned entity. Any growth of value in the exchange will be recorded and captured by tokens, helping appreciates it value. Thus , BDAM will become a community-based platform that will work together across all of its members and partners to create a global one-stop platform for quality digital assets.

Our two stage development strategy

First develop a hybrid DEX that integrates the EOS / lightning network / AI / DAG. (Beta version 0.1)

Provide ecosystem (DAPP developer portal open source) based on main net and coin and wallet.

Features BDAMX

Hybrid Architecture

The exchange is fully decentralized; it is completely controlled by a smart contract deployed on the EOS platform. Everything is on-chain (e.g. transactions, order books).There are many advantages of a true DEX, including transparency, security and reliability.

Immutable smart contracts

The exchange has adopted the Temporary Immutability pattern. This means that no one will be able to modify the exchange logic or control users ‘ funds manually during the immutable period (even the contract owner will not have the power to modify or control anything).

Extra precision

The exchange supports EOS price that has up to 8 decimal places (Note: most dapps can only support up to 4 decimal places). This means that users will be able to offer and buy cheaper tokens (i.e. a token can be as cheap as 0.00000001 EOS)

Scalable Trading

By building a trading platform that is on the cutting edge, we are creating one that is expandable. The BDAM Dex trading engine has already undergone rigorous performance testing and has been proven able to handle large trading volumes and large sudden changes in trading volumes . The trading system uses a distributed technology that allows for expandability as trading volumes rise, with different processes separated and processed independently so as to evenly distribute the workload and prevent bottlenecks and lags. Add to this efficient cloud architecture, and you get extremely robust scalability.

Secure and Stable

The distributed nodes framework ensures that hacks are prevented and downtime is brought to zero. The risk of regulatory interference is also eliminated while privacy is ensured as no documents are required participate in the exchange process . Naturally , all custody issues are resolved as the users have full control over their funds , which are being kept in their own addresses. Finally, any trade on the exchange is verifiable through the public blockchain.

BDAM TOKENOMICS.

Benefits of BDAM Ecosystem

BDAM Users

All activities , emotions , consumption patterns and personal data of BDAM platform (DAPP) users are analyzed and archived through the artificial intelligence based BDAM DATA engine . (Applying the user’s emotion , consumption pattern , activity analysis module to self -developed , existing

BDAM Developers

If the user agrees, the personal data will be used by the enterprise (advertiser and third party developer) It is provided for the direction of platform development . Platform developers can grasp the needs of customers without marketing separately and can customize development according to demand. Users can redeem BDAM coins for services and contents from each platform developer as rewards for providing data , so that they can use services and contents almost free of charge. Also, just by working in the platform community , users can redeem the BDAM coins.

BDAM Token (coin) Holders

BDAM token holders will be given the right to vote for new projects and provide opportunities for rewards and airdrops when new projects are listed or when the IEO project is conducted . The holder also has authority to the master node (guardian node ) to maintain the stability of the BDAM blockchain network.