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What is Bitcratic?
Bitcratic is a decentralized exchange (DEX) built on the Ethereum and Binance Smart Chain blockchains, facilitating trustless, real-time trading through smart contracts. It employs an off-chain order book system for efficient trade execution while ensuring that all transactions are settled on-chain. Traders can access a wide array of more than 200 tokens without the need for registration or Know Your Customer (KYC) processes, leveraging wallets such as MetaMask, MyEtherWallet (MEW), or Ledger Nano for trading activities.
The platform offers robust features, including the ability to deposit and withdraw assets seamlessly while maintaining user control over their funds. No third parties are involved in trading, reducing the risk of hacks often associated with centralized exchanges. Bitcratic offers an API for advanced users to access trades, orders, and real-time market data, further enhancing the trading experience. Users can place buy and sell orders directly from the platform or execute instant trades, making it a versatile option for cryptocurrency enthusiasts.
Additionally, Bitcratic has introduced the BCTR token, which serves as a revenue-sharing mechanism for users. BCTR holders are entitled to a 50% share of all fees collected by Bitcratic, distributed monthly in USDT. This unique approach combines the benefits of decentralized trading with an incentive structure that encourages user engagement and liquidity provision. With its commitment to user empowerment and security, Bitcratic aims to reshape the landscape of decentralized trading.
Frequently Asked Questions
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