1. The Bitquence Platform
There are hundreds, if not thousands, of different wallets out there for all of the differentdigital assets and managing lots of wallets for each of your currencies is difficult. Here at Bitquence we wanted to create a platform that could provide a powerful single point of interaction with the new economy. This Next-Generation Digital Wallet will be the backbone for our asset management and cryptocurrency services platform. The universal wallet will allow us to bulk transactions together in order to increase liquidity and keep costs down for consumers. This infrastructure also allows us to create a universal mobile payment system for users who wish to transact in any currency instantly breaking down barriers towards mass adoption in the industry. In this section we will outline the pieces of the Bitquence Platform that will make it the most user-friendly way of buying cryptocurrency on the market
The Bitquence platform is created out of several core technology components:
- Wallet & Liquidity Layer: This includes a centralized wallet management system which links to the Bitquence Liquidity Network, created by the Bitquence token itself. This links programmatically via API into major cryptocurrency exchanges. The Liquidity Network will be decentralized.
- Bitquence Platform Layer: This includes a Community Consensus component for Rating individual tokens and cryptocurrencies on technical merit and quality. Ratings Will be assigned on the basis of ownership of those currencies within the Bitquence Platform. This will link to a variety of Dynamic Asset Allocations, eg the "coin baskets" That users can buy and hold within the Bitquence platform.
- Cold Storage: The system will randomly synchronize with cold storage, which will be in a secure location that is not physically attached to the internet
1.Managed Allocations and Transparency
percentage of specific assets. When you modify a
Bitquence Allocation it becomes a Managed
Allocation. Risk ratings for managed allocations
are determined by community consensus. Users
will be able to vote on a individual coin’s
riskiness as well as its technical quality. This will
enable users to quickly understand each
individual coin’s risk and perceived technology
quality so you can quickly get an estimate of how
risky your selected or customized coin allocation
is. Fee structures will be the same as those in
Bitquence Index Allocations and will also be
charged based on high-water mark rules
2. Digital Liquidity Network
3.Cold Storage and Security
Coinbase keeps 98% of their funds in cold storage. With the Bitquence
Digital Liquidity Network, assets are liquid and transferrable, but can
be kept in cold storage until withdrawal, similar to a bank. Bitquence will distribute paper and hardware wallets at geographically distributed safety deposit boxes around the world to secure assets safely and securely. Cold storage will sync at random intervals with hot storage wallets so users can deposit and withdraw freely. Cold Storage will be built into all
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Bitquence is Shingo’s brainchild. Shingo is an experienced investor in Bitcoin and alt-coins and the ins and outs of the world of crypto currency. Shingo is a computer science and finance student at Brown University, and an upright bass player with the Brown jazz combo. Previously, Shingo was the co-founder of Jobs University, an online school with over 20,000 students. Shingo has assembled an impressive team of elite engineers and business people for the unique Bitquence opportunity.
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