There is a continuous rise in the price of Bitcoin, and the market is highly excited for trading. But most of the traders today have one common complaint of fake trade volumes on exchanges, and there is no transparency of the projects.
BKEX launched the Dragon Plan on 23rd August this year with a new $20 million incubator fund for the crypto projects and recruitment model. This will add more transparency in the crypto trading market, destroying the market manipulation caused by fake data and unanticipated trades.
BKEX is an exchange platform which was established in 2018 June to provide good quality services of cryptocurrency trading and OTC trading. BKEX has good trading experience with excellent security technology due to which it has more than ten thousand fans from the market.
Last year in 2018 there were high-volume of controversy about falsely reported of back-end transactional data. The exact volume of fake data is not known, but the volume is quite high. One of the analysis shows 86% fake data from November 2018 to April 2019. There was another study too which has 95% fake data.
The report has made the traders lose their confidence in some of the exchanges. However, decentralized exchange solves the transparency issue of data trading, but their ability to handle frequent trades is limited.
The BKEX has taken the initiative and launched a Dragon Plan to encourage Sunshine Trading. It consists of two main features: first, a $20 million incubator “Sunshine Fund” will be launched and the second one is the Dragon Plan to recruit 35 node operators to align with the BKEX mission to end market manipulation in crypto trading.
The main object of the Sunshine Fund is to ensure a tangible incentive to cryptocurrency projects which will give BKEX a better position to add more transparency for crypto matched by blockchain projects. The second object of the Dragon Plan to look for 35 like-minded partners worldwide, who are required to be in line with BKEX and insist on not doing evil, recognizing the core value of BKEX.
BKEX believes to have more positive energy than negative energy in society. It has brought together a group of users, project parties, and capital parties to use the Dragon Plan because it still believes that there are many users and project parties who share the same BKEX concept but has been separated from the industry.