Biokript; The World First Hybrid Shariah Complaint Crypto Trading Platform

The Challenges Faced By Crypto Industries

Centralized exchanges dominate the cryptocurrency market despite the desire for decentralization, leading to inefficiencies and susceptibility to market manipulation also, inadequate security practices make centralized exchanges vulnerable to hacks and security breaches, resulting in the loss of significant amounts of funds.

Users' weak security practices, such as using short passwords and not utilizing two-factor authentication, contribute to the vulnerability of cryptocurrency exchanges, and the lack of control over private keys and funds held by centralized exchanges poses a risk to investors, as demonstrated by cases where funds were lost or inaccessible due to exchange-related issues.

Poor customer support in cryptocurrency exchanges results in delayed responses, login problems, long withdrawal times, and uncredited deposits, causing frustration and financial losses for users. Regulatory uncertainty and the lack of government regulation for most exchanges create reluctance among potential investors to interact with cryptocurrency exchanges.

Lack of educational resources and the complexity of cryptocurrency investing discourage potential investors from entering the market and hinder their understanding of the field.

The rapidly changing nature of the crypto market poses a challenge for both new and experienced investors to keep up with the latest developments.

Decentralized exchanges (DEXs) face their own challenges, including the absence of clear KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, making them vulnerable to scams and fraudulent projects. New crypto regulations in Europe and the US may make it difficult for DEXs to operate effectively.

But here comes the solution:

BKPT token is designed to execute our main services and provide significant benefits to the token holders that include profit-sharing revenues, steep discounts on a variety of Biokript fees, and much more!

Biokript is the next generation cryptocurrency exchange, and our primary objective is to make profitable, efficient, and Shariah compliant hybrid cryptocurrency exchange in a most decentralized manner. With our Biokript token we’ll offer exchange profits based on Mudarabah principles to all prospective token holders as well as significant fee discounts on all trades.

Biokript aims to address the challenges mentioned in the writeup through its Shariah-compliant business model and a set of features designed to enhance security, customer support, and regulatory compliance. The key point is that Biokript offers a decentralized exchange that prioritizes user control over funds, transparency, and a focus on customer satisfaction.

Eliminating Market Manipulation: Biokript's token structure ensures that manipulating trading volume is not sustainable, as token holders receive trading revenues. This discourages wash trading and enhances transparency through blockchain auditing.

Enhanced Security:
Biokript employs top-notch security measures, including encryption technology and a non-custodial exchange model where users have full control over their funds. Multiple two-factor authentication options and withdrawal notifications add additional layers of security.

Multiple Fiat Currencies and Payment Options: Biokript supports various fiat currencies, including BAM, EUR, and USD, along with multiple payment options such as credit card, wire, and ACH transfers, providing convenience to users.

Improved Customer Support:
Biokript offers video-call support for faster authentication and 24/7 customer service availability through phone calls or live chat, ensuring prompt assistance for users.

Regulatory Compliance: To comply with existing laws, Biokript requires full KYC/AML verification for users engaging in fiat transactions, ensuring adherence to regulatory standards.

Educational Resources:
Biokript aims to provide relevant educational information to help users stay informed about the crypto industry, promoting a community of knowledge-sharing and support.

Minimal Risk Investment Opportunities: Biokript's Shariah compliance eliminates risky trades such as futures and leverage trading, offering investment options with minimal risk to cater to a wider range of investors.

Community Building:
Biokript fosters a community-oriented approach through social media connections and an affiliate program, encouraging users to educate.

Our Vision Statement

BKPT token is designed to execute our main services and provide significant benefits to the token holders that include profit-sharing revenues, steep discounts on a variety of Biokript fees, and much more!

Biokript is the next generation cryptocurrency exchange, and our primary objective is to make profitable, efficient, and Shariah compliant hybrid cryptocurrency exchange in a most decentralized manner. With our Biokript token we’ll offer exchange profits based on Mudarabah principles to all prospective token holders as well as significant fee discounts on all trades.

Biokript aims to address the challenges mentioned in the writeup through its Shariah-compliant business model and a set of features designed to enhance security, customer support, and regulatory compliance. The key point is that Biokript offers a decentralized exchange that prioritizes user control over funds, transparency, and a focus on customer satisfaction.

Eliminating Market Manipulation: Biokript's token structure ensures that manipulating trading volume is not sustainable, as token holders receive trading revenues. This discourages wash trading and enhances transparency through blockchain auditing.

Enhanced Security: Biokript employs top-notch security measures, including encryption technology and a non-custodial exchange model where users have full control over their funds. Multiple two-factor authentication options and withdrawal notifications add additional layers of security.

Multiple Fiat Currencies and Payment Options: Biokript supports various fiat currencies, including BAM, EUR, and USD, along with multiple payment options such as credit card, wire, and ACH transfers, providing convenience to users.

Improved Customer Support: Biokript offers video-call support for faster authentication and 24/7 customer service availability through phone calls or live chat, ensuring prompt assistance for users.

Regulatory Compliance: To comply with existing laws, Biokript requires full KYC/AML verification for users engaging in fiat transactions, ensuring adherence to regulatory standards.

Educational Resources: Biokript aims to provide relevant educational information to help users stay informed about the crypto industry, promoting a community of knowledge-sharing and support.

Minimal Risk Investment Opportunities: Biokript's Shariah compliance eliminates risky trades such as futures and leverage trading, offering investment options with minimal risk to cater to a wider range of investors.

Token Details:

To create scarcity, we’ll create a unique token burn. 10% of all trading fee revenues will be set aside for token burn, and for every 100% BKPT appreciation, we’ll start with a 1% burn of the entire token supply. This burn rate will be dynamic, so in the case of a rapid price appreciation the percentage burned will move down to 0.5%, 0.3%, and 0.1%. Token burn will happen every 90 days, and in the case we don’t achieve sufficient trading revenues, we’ll start burning the tokens from the treasury.

Distribution

To fund the start-up of Biokript exchange investors will be offered Biokript tokens. In return, the holders of BKPT will get the opportunity to receive a percentage of trading fees, listing fees, and profit through price appreciation of Biokript token.

Profit split will be 50/50 between the company and the token holders and according to Islamic Mudarabah principle. All the profits will be distributed to investors based on the number of tokens they are holding.

As an example, if we had weekly trading revenues of $200,000 and if we had a total of 500,000,000 tokens in circulation, our algorithm would automatiacally divide 80,000 with 500,000,000 so for each Biokript token held in the investor’s wallet, investor would get $0.00016 worth of Biokript tokens.(The number is 80,000 and not 200,000, because 40% is distributed to investors as profit, 40% is kept for the company, 10% for the token burn, 5% for the reserve fund, and 5% for the security fund). So if you had 10,000 Biokript tokens in your wallet (worth about $50 at the initial price),investor would earn $1.60 every week - or about 3.2% return per week; 12.8%/month or 153.6%/year

Token sale: 35%

Treasury, airdrops, community: 30%

Founders and team: 15%

Listing and liquidity: 15%

Advisors/Ambassadors 5%

Token Sale Roadmap

October 31, 2022: Private Sales -- Round A:

2% -- 10M tokens at $0.005/ 10% at TGE[1] then 10% quarterly

June 27th 2023: IDO – Initial DEX offering

15% -- 75M tokens, 100% unlocked

August 5th, 2023: IEO - Initial CEX offering

18% -- 90M tokens, 100% unlocked

In conclusion, the crypto industry is facing significant challenges in terms of centralization, security, customer support, regulatory compliance, and educational resources. However, Biokript Solutions aims to address these challenges head-on with its Shariah-compliant approach to cryptocurrency trading and investing. By implementing a token structure that discourages market manipulation and ensuring transparency through blockchain technology, Biokript strives to create a fair and trustworthy trading environment. The emphasis on top-notch security measures, non-custodial exchange model, and proactive user account protection mitigates the risks of hacks and loss of funds experienced by centralized exchanges.

Biokript is committed to delivering exceptional customer support, offering multiple communication channels and 24/7 availability. The inclusion of various fiat currencies, flexible payment options, and full KYC/AML compliance enhances convenience and regulatory compliance for users.

For more information visit the links below:

Website: https://bit.ly/44a5lcF

Telegram: http://www.twitter.com/biokript
Profile link: https://bitcointalk.org/index.php?action=profile;u=2247475

Author: abeexy