Blockonix – A Decentralized Trading Platform for Ethereum (ETH) – Promises Lower Transaction Fees than Its Competitors

Blockonix says its digital currency trading platform is the “most user-friendly, most clean” in the crypto space right now and its services are more cost-efficient than other platforms such as ForkDelta, Idex, and EtherDelta. The exchange provides its customers with a way of trading Ethereum (ETH) and also other tokens and assets based on the blockchain of Ethereum all over the world.

The team of the trading platform recently promised “a new wave of exchanges and payment gateways with futuristic applications.” Blockonix doesn’t store tokens or assets on its platform, as funds always remain with the users.

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The Earning of Blockonix

Unlike other trading platforms, Blockonix said that it earns zero (0) percent, adding that all the fees it collects via the platform are used to purchase BDT token – the native token of the platform – and burn them. This includes the fee of 5 ETH for listing on the trading platform itself. Whereas other firms are engineered by profits, Blockonix its driving force comes from the community.

Blockonix was originally known as BitIndia, and its plan was to be an exclusive trading platform for digital currency enthusiasts in India. The firm said it has made the tough rebranding decision to make the trading platform purely decentralized and to open its service to the whole world due to the negative response to digital currencies by the government of India.

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Most of the BitIndia tokens have now been swapped with BDT tokens, and the firm said that about 170 million BitIndia tokens have been permanently burnt, leaving only about 10 million in circulation.

Ethereum (ETH) Price Today – ETH / USD

Name Price24H (%)
Ethereum (ETH)
$208.80
-0.95%

At the time of writing, Ethereum (ETH) is trading at $312 after an increase of about 4.5 percent over the past twenty-four hours. The current market cap of the digital currency is $31.68 billion and its trading volume over the past twenty-four hours is $2.01 billion.


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