Blackmoon, a crypto portfolio management app and framework for tokenized investment funds, today announced the features for a major upcoming release to improve the platform.
The changes and developments being implemented address the main problems of users, including: inability for users to trade with each other, high creation and redemption fees, a small number of assets, ETH withdrawals only, and low native BMC token utility.
Now with the upcoming upgrade, users will be able to trade with each other, there is a 10x reduction in fees, 50+ new assets & 200 markets to be made available, and a boost for native BMC token with new market pairings, high liquidity, and zero fees.
Moreover, the forthcoming upgrade will form the basis for additional products and features planned to be rolled out later this year. This includes the listing of GRAM token right after Telegram Open Network mainnet launch, as well as programs for native BMC token utility to continue to be expanded.
New Features: Closer Look
This update will allow users to easily trade on a fully functional exchange with market, limit and stop orders. There are low trading fees (0.1% — maker, 0.2% — taker), and an advanced trading interface.
Access to 50+ assets and 200+ trading markets, including fiat
There will be no more creation/redemption fees. Also, assets will be traded in five markets: EUR, TUSD, BTC, ETH, and BMC. There are zero trading fees on all pairs with BMC until 30 Sep 2019, with a 50% discount after that. Further, now all assets may be deposited and withdrawn (not just ETH), thanks to the BitGo solution.
The upgrade also will come with more convenient tools to control and monitor balances. The dashboard will include comprehensive information on trading pairs along with a chart showing portfolio performance.
The Blackmoon team reports they have successfully passed a security audit by a Big Four company. All digital assets are held in the cold storage of the largest global custodians. Firewalls and Secure Sockets Layer (SSL) software are used to protect user information, and all communication between clients and data servers are encrypted.
“We anticipate this transformation to take place in a matter of days, so be ready to test new functionality soon.
To celebrate the release, we will launch several promo events, including a big trading festival, so stay tuned…”
– The Blackmoon Team