What is BINKD?
Introduction A fast, easy, and secure way to buy and sell cryptocurrency with fiat currency including USD, EUR, and JPY or alternate cryptocurrency. We want to open the world of cryptocurrency to everyone.
Binkd is easy-to-use, trustworthy, secure, and robust. From the user’s perspective they will be interacting with a user-friendly site and mobile app that allows them to buy and sell cryptocurrency with fiat or alternative cryptocurrencies with the click of a button. Binkd is the Asset Gateway which allows users to fund their accounts with fiat and then buy cryptocurrency on the blockchain using the BINK tokens.
The Binkd Token (BINK) is an ERC20 standard utility token which facilitates the seamless transactions between other cryptocurrencies on the blockchain and can be used to pay transaction fees. Behind the scenes Binkd will be securely processing transactions on its Binkd Decentralized Exchange (BDEX) built on the Ethereum Blockchain Platform and 0x Protocol for increased security, liquidity, and stability over existing centralized broker exchanges. The Binkd mobile app and site is a consumer-friendly layer on top of the Ethereum Blockchain Platform network that makes it easy for anyone to access and take advantage of the benefits of secure blockchain technology and decentralized cryptocurrency via P2P transactions. In order to fund their account with fiat currency Binkd will take a hybrid approach where we provide the asset gateway (between banks and credit cards and the end-user) to exchange fiat for BINK tokens. Once the user has BINK tokens they are able to exchange for any other cryptocurrency on the blockchain. With BDEX, when the user is buying or selling their cryptocurrencies, they are buying from, and selling to another person on the network via P2P transaction. Binkd makes it possible for non tech-savvy individuals to take advantage of true blockchain technology by serving as the user-friendly layer on top of the P2P network.
Central to Binkd’s mission of being a trusted service will be our emphasis on customer support and compliance. Users will have access to 24/7 email support, web chat (and phone support in the future).