Review on Birake Network by Pedro O. Alvino M.
Cryptocurrency market and exchange software packages.
A platform designed to provide a cryptocurrency market for trading and at the same time an exchange software so that users can have their own exchange line connected to the de Birake network.
With a moderate large number of exotic currencies listed and a white line of exchanges for users, the platform has potential in terms of these services, it also has several passive reward programs in BIR currency and a zero commission account system, of the A mode that allows users to obtain BIR coins through the implementation of masternodes, which generate a layer of security for the exchange and at the same time a benefit for the user.
Something to highlight about the exchange is to provide a software package so that a user can manage their own exchange connected to the Birake network, however an important detail is the price of said package, since there are several packages to select, but their price It is established in bitcoin, so the price of the package will not be stable and given the volatility of bitcoin in the market, it will be difficult for merchants to obtain a mechanism that can solve this cost through the profits that it can generate in the exchange provided by Birake, Furthermore, an important factor is the lack of users who have the platform and the lack of commercial volume, which by having several exchanges connected to the Birake network, it will be difficult for these owners to obtain some performance in the short and long term.
Pros
- Offers an exotic currency market and numerous trading pairs.
- Has its own line of exchange software packages.
- It has a network of exchanges connected to Birake to provide liquidity.
- Includes a masternode system that generates passive rewards through the fees generated by the exchange.
- It has several recognized partners in the commercial area of cryptocurrencies.
Cons
- Huge withdrawal fees in stablecoins.
- volatile costs of the packages offered for the development of exchanges.
- Very little liquidity is generated in the exchange.
