Tradebitpay, abbreviated as TBP, is the crypto derivatives of the Tradebitpay group, built on the Ethereum network. Crypto derivatives are agreements between traders for the future price of digital assets, i.e., the traders do not own the assets but speculate the trade based on future costs. Besides, the Tradebitpay group is an asset management group that seeks to develop confidence among the traders to trade alone with the help of the TBP platform. Using the TBP platform, traders can be part of the crypto economy.
The website states Tradebitpay seeks to offer a smooth and secure peer-to-peer transaction process. A peer-to-peer transaction is an electronic money transfer method done from one person’s wallet to another person’s wallet through a P2P payment application. This P2P transaction process seeks to help traders mainstream their investment in cryptocurrency and blockchain. Moreover, due to this feature, many institutional traders launch their services and exchanges for the masses through TBP.
TBP coin is the native token for Tradebitpay. The coin seeks to give remarkable growth through its decentralized and fully encrypted supply-chain network. Encryption, also known as cryptography, is a process where information is transformed into a code that helps to protect information about the users. According to the TBL coin whitepaper, the TBL token is available through ICO and IPO channels. Initial coin offering (ICO) is fundraising tokens used to create new coins, apps, or launch new services. On the other hand, Initial public offering (IPO) refers to the process that allows companies to raise funds from the public in a fresh stock issuance. Besides this, TBP coin aims to be available for e-commerce platforms for online shopping.
Tradebitpay is a trading platform that seeks to offer varieties of payment features for traders across the globe. In addition, the platform strives hard to launch and manage crowdfunding and ICO campaigns for start-ups through the first version of the TBP coin.
