This Whitepaper is for informational purposes only. The information set forth below and elsewhere in this Whitepaper may not be exhaustive and does not imply any elements of a contractual relationship. While we make every effort to ensure that any material in this Whitepaper is accurate and up to date, such material in no way constitutes the provision of professional advice, Balance Network platform does not guarantee, and accepts no legal liability whatsoever arising from or connected to the accuracy, reliability, currency, or completeness of any material contained in this Whitepaper.
We are not affiliated, associated, authorized, endorsed by, or in any way officially connected with any of the companies/games/entities represented in this Whitepaper, companies/games/entities that are represented in this Whitepaper already have an existing and functioning platform and this Whitepaper makes no binding representations or warranties about the existing platforms.
This Whitepaper has been published and issued by Balance Network platform for informational purposes only and is required to be read carefully if the prospective investors plans to use any of the Balance Network platform products. This Whitepaper is a working document and is subject to changes and update in the future. This Whitepaper is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction. The purpose of this Whitepaper is to provide potential investors with the information on Balance Network platforms' ecosystem to allow the investors to make their own decision as to whether or not it wishes to proceed to purchase Balance Network platform Tokens and to make use of Balance Network platform ecosystem.
This Whitepaper is created to serve the informative purposes only, therefore, the representations herein should not be relied on, the publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with.
As the digital economy is developing and maturing, Blockchain technology is drastically changing how we do businesses. Today, the financial sector is leading the way in Blockchain and digital assets. While some main uses of Blockchain technology seem to be in the developing stages, the digital economy is already here. The industry needs a bridge between traditional and emerging asset classes. Designed for mainstream adoption, the Balance Network platform will be an all-in-one solution for crypto to maximize client value.
Balance Network is a next-generation Cryptocurrency Exchange committed to offer alternative financing and non-banking asset management solutions outside traditional financial systems and banking establishments with the integration on NFT Marketplace. Unlike other platforms, we place all assets straight into the Blockchain ledger. We offer our clients a broad range of trading and advisory services management regarding mergers and acquisitions, shareholders, restructuring, and strategic topic clarifications for organizations, private equity houses, and solo investors.
Our vision is that newcomers to the digital economy will be able to get started with their first transaction of exchanging crypto instantly through our supportive and straightforward platform. Professional traders will enjoy a fast, secure, and highly flexible environment that integrates standard features into our digital asset ecosystem. Balance Network will also offer innovative investment models, such as our Balance Network Token (BLN) and NFTs, which are intended to give users access to one-click digital asset diversification options.
Balance Network is constantly in pursuit of latest technologies, and to upgrade the financial market experience for our users, we adapt ourselves to future technological goals.
Recently, we have watched cryptocurrency markets rapidly expanding from an approximate $7.5B market capitalization at the end of 2015 to today's nearly $560B. It's a signal that a vision for decentralized funds indeed has a viable future. However, while the majority of cryptocurrency assets are built on the foundations of decentralized architectures, the majority of their trading still takes place on centralized exchanges, where users must ironically deposit their funds in order to trade.
Decentralized exchanges (DEXs) followed in attempts to fix the underlying infrastructure of centralized exchanges (CEXs) by facilitating trades with smart contracts, removing third party control of trader funds. DEXs succeeded at diminishing third party risk; however, it was achieved at the cost of speed and performance.
Given the trade-offs required with each type of exchange, we developed a solution that rested in the middle-one that provided both speed and security, without compromises, a multichain platform built on Binance Smart Chain Balance Network. The first version of the Balance Network exchange combined off-chain matching and validation with on-chain settlement.
By managing trade matching off the Blockchain, Balance Network delivered trades at the speed of centralized exchanges.
By then settling trades on-chain, Balance Network maintains the same safety and security features as decentralized exchanges. However, the market potential for the cryptocurrencies is yet to be fully realized. We at Balance Network are currently developing fiercely a platform which will provide investors with an opportunity to participate in DEXs, CEXs, IDO, Gaming and NFT Marketplace via the Balance Network platform. With your support as the community, Balance Network will build a world-class crypto exchange, gaming, and NFT Marketplace powering the future of the crypto world.
In this paper, we will be examining the benefits of Balance Network, an upgrade to the first version of the Balance Network exchange. While Balance Network retains the core off-chain matching and onchain settlement approach, it also comes with powerful new features and scaling solutions. This Whitepaper presents our vision for the Balance Network exchange, the benefits of its architecture, and how it fits into the broader financial market.
Balance Network's mission is to enhance and foster the adoption of cryptocurrencies as a medium of exchange for global cryptocurrency trading. We will be achieving this by increasing awareness and educating the general population on the advantages and safety of utilizing digital currencies and the use of Blockchain and NFT technology.
Balance Network's vision is to become the state of the art generation crypto trading platform builder utilizing Blockchain technology, delivering unparalleled value propositions for new users, and having solid returns for investors. Ultimately, we wish to drive the creation of a new financial ecosystem grounded in the interactions between digital assets (NFTs) and Blockchain technology.
Our Goals are to provide an exchange platform between fiat, crypto-coins and digital assets (NFTs) with a large, active, and friendly community. We are investing heavily in production and service development to ensure that Balance Network can provide the best technological platform solutions in today's highly competitive industry. Our future development is to expand our business operations globally, solidify our presence, and push strong brand awareness in critical regions worldwide. We achieve this by introducing a top-notch cryptocurrency exchange platform and infrastructure utilizing the power of Blockchain and NFT technology.
Cryptocurrency infrastructure is deemed to be of utmost importance for cryptocurrency to gain widespread acceptance. We aim to introduce services such as cryptocurrency Launchpad, Farming, Swapping, and lots more. Living in a fast evolving world, we stay ahead of future trends and provide services that will be in high demand for the future of currencies. Bringing the best services to our clients is one of the critical goals in Balance Network. To ensure the stable progress of our business development, we have a solid team constantly working to achieve the next level of Blockchain technologies. With the intense pace of technology evolving, we are always on the lookout for new trends and technology involving the Blockchain. As the world is growing, we will always be pursuing the future of Blockchain and proposing new services that potentially can serve the community better. As we have high experience in the financial industry, we have major financial expertise working together and advising every step of our movements. To ensure all our services are safe, secure, and stable, we have different teams of people working in different fields of work.
At its core, Balance Network (BLN) is an easily accessible NFT platform on the Balance Network ecosystem for storing and transferring of ownership of a digital asset (NFTs) in a secure and decentralized manner. NFTs have a very specific and useful set of properties which make them wellsuited to solve many of the current problems with digital ownership and trade:
Fraud and counterfeits can be a large problem for collectors and traders. However, NFTs are cryptographically verifiable and therefore are immune to copycats and counterfeits. Beyond this, NFTs are provably unique, which means that in addition to being resistant to forgery, they also have exclusive individual identities.
OwnershipThe digital products we use and consume every day are managed and operated by companies that provide them. Our rights to the usage, sale/trade, and "ownership" of those items are very much at the discretion of those who manage them. Your Twitter handle can be taken away. Your digital game account can be banned. NFTs cannot. Blockchain strongly guarantees ownership rights by providing strongly secured accounts in which individuals can hold NFTs. Only an individual with access to the private keys of an account can access the assets contained therein.
At Balance Network, Ownership Protection prevents the ownership contact information from being changed unless a request is submitted by the registered owner of the asset. This guarantees that the personal assets from being moved to someone else's account without proof of identity or organizational vetting.
Blockchain records and displays every transaction from their first block until the current block publicly, including any transfer and/or trade records of an NFT asset. Blockchain accomplishes this with unprecedented data security. Thereby ensuring strong ownership tracking and a full transaction history of NFT assets. In the art world, this is known as provenance, but unlike the art world, there is no speculation about the origin or past of an NFT, as everything is recorded and fully transparent.
NFTs bring the ability to tokenize and capture ownership (or other rights) into a digital asset that can be transferred and traded freely on open markets. The above NFT properties such as strong data assurances, ownership security, counterfeit immunity, and provable uniqueness are extremely powerful in eliminating many of the risks friction costs that would normally accompany digital asset ownership, paving the way for access to new markets and opening up previously locked and illiquid capital.
This last point is the crux of what Balance Network envisions as its primary driver for its NFT platform. We strongly believe that the Blockchain and its application to NFT technology will drastically change the landscape of ownership and digital rights in profound ways. Unlocking new potential markets and value, making existing markets more liquid and efficient, and giving individuals full control over their digital assets. Balance Network wants to bring this technology to a mainstream audience and allow everyone the opportunity to participate in owning a digital asset as well as grow a thriving ecosystem by partnering with traditional IP holders and the top existing NFT projects to bring strong offerings to the marketplace.
Our goal is not to only immerse you in the world of Balance Network alone with its engrossing game but to have your profit from it as well!
It is a bridge that connects two different networks and permits the transfer of tokens/data between them. Even though the networks have their own protocols, the bridge bestows a compatible solution to communicate securely on both sides. To make it even simple, similar to a bridge in our real world, a blockchain bridge establishes a connection between two distinct places and makes it feasible for the resources and traffic to pass by.
The concept of teleporting between the network is now applicable to even non-fungible tokens.
Here’s what it provides:
Balance Network will always focus on delivering real, realtime, and sustainable data value to users, expanding the ecological boundary of trusted sharing.
Users can maintain their own digital assets at any time and set up corresponding modes for different types of digital assets, including private, public, charging, etc., as well as pricing digital assets in the charging mode.
Through the optimization of key links such as signature algorithm, ledger structure, data operation, serialization, consensus mechanism, and message diffusion Balance Network will achieve fast transaction verification in seconds.
The double-entry bookkeeping mode of the Blockchain has accumulated a large amount of data in the continuous application of the system, resulting in a decrease in the running speed. Balance Network will implement separate storage and table-based storage mechanisms to achieve mass storage of NFT data.
The essence of Blockchain is a distributed shared accounting technology, and its distributed characteristics are mainly reflected in distributed consistency rather than distributed concurrent processing. In order to ensure data consistency and prevent Byzantine general's problem, some specific links can only be executed serially, but not in parallel. Through long-term testing and optimization practice, Balance Network will further greatly improve the transaction throughput based on the Blockchain Network.
Balance Network will develop a mirroring mechanism, which can regularly mirror the local ledger to realize a convenient rollback mechanism. Under a unified consensus, the mirror label can be specified for rollback; at the same time, the newly added nodes can be shortened. Join the running cycle, only need to synchronize the latest mirror and a small number of recent transaction sets, you can integrate into the network and participate in consensus verification.
Before starting with the problems, I would like to say that Balance Network Exchange will be a one-stop solution to all the problems mentioned below.
Many crypto exchanges encounter the following problems:
Liquidity
Speed
Security
Availability
An Exchange Operated By A Community
An Extensible Exchange
A Source Of Income For Those Who Support Its Operation
A Worldwide Exchange
Advanced And Ergonomics Trading Tool
A Platform With Attractive Costs For The Trader
In conclusion, Balance Network is an ecosystem that provides an effective response to the problems of centralized and decentralized Exchanges
BLN will be created to serve as the currency of Balance Network platform and to perform some actions such as rewarding the community and investing within the Balance Network ecosystems. 300.000.000 BLN token will be created will be used as a utility within the Balance Network platform NFT ecosystem as both a native protocol token and an application token. However, as mentioned, once full development of the platform has be concluded, Balance Network platform will become a fully decentralized CEX, DEX, IDO, NFTS and gaming platform. BLN Token Total supply 300.000.000 - 150.000.000 1 year locked.
0xE90334c19c798C3A18d81b8cd16594247D5B19dd
BEP-20 is a token standard that increases the availability of
ERC-20 and BEP-2 tokens on the Binance Smart Chain. It offers
additional functionality by allowing you to transfer your tokens
between different blockchains and much more. With the BEP20 you can:
BEP-20 Standard Token
Binance Smart Chain has a BEP20 token standard that
works similarly to Ethereum's ERC20 standard. BEP20 is a
developer-friendly token standard that allows anyone to deploy
exchangeable digital currencies or tokens on the Binance
Smart Chain. Moreover, leading digital assets on other chains
can be moved to Binance Smart Chain in the form of pegged
BEP20 tokens. For example, you can use Binance Bridge to
exchange bitcoin (BTC) for BTCB (BEP20) tokens backed by
BTC. BTCB (BEP20) tokens can then be used in DeFi protocols
to generate returns on bitcoin. The same goes for ETH, XRP,
DOGE and more.
Set up community infrastructure
Begin marketing