Birake is a cryptocurrency exchange platform that pioneered the "white label" service. More
| Fully Diluted Valuation | $392,152 |
|---|---|
| 24H Trading Volume | $20 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 371.35 M |
| Total Supply | 371.49 M |
| Max Supply | 0.00 |
| Categories | Masternodes 2 more |
|---|---|
| Founder | Bogdan Mavrodin |
| Website | birake.com Whitepaper |
| Socials | 6 more |
| Chains | Birake Ecosystem |
| Explorer | Flitswallet 1 more |
| Name | Pair | OG Score |
|---|
In the ever-evolving world of cryptocurrencies, Birake emerged in mid-March of 2018, introducing itself as a groundbreaking "white label" service in the digital currency exchange arena. Birake not only operated as a cryptocurrency exchange platform but also boasted its own blockchain, underpinned by the proof-of-stake Birake Coin (BIR).
Mission and Vision:
Birake's mission was ambitious yet clear – to provide exchange owners and users within the Birake network with the most extensive database of orders and users while striving to achieve high trade volumes. The platform aimed to interconnect exchanges on its network, facilitating the seamless sharing of orders and assets among them. Furthermore, Birake envisioned empowering future trading platform owners with the flexibility to personalize their exchanges, incorporating their domain names, logos, and unique branding elements.
Birake Network:
At its core, the Birake Network served as a central hub for openly sharing orders among all exchanges running on the network. This unique approach allowed traders to access multiple exchange platforms simultaneously, fostering a more interconnected and dynamic trading environment.
White Label Exchange:
Birake positioned itself as a pioneer in offering a white label cryptocurrency exchange platform. Cryptocurrency enthusiasts keen on establishing decentralized exchanges could purchase and download the Birake software, creating their own exchanges. The service was monetized through monthly rentals paid in Bitcoin, with exchange owners setting transaction fees. Profits generated were then shared collaboratively between the exchange owner and the Birake founders.
Birake Coin (BIR):
At the heart of Birake's blockchain was its native token, BirakeCoin (BIR). This digital asset played a pivotal role in the platform's staking and validation processes. As users engaged with the platform, Birake Coin became integral to the functionality and security of the Birake ecosystem.
ICO and Future Development:
Birake offered its cryptocurrency exchange platform through an Initial Coin Offering (ICO), aiming to raise funds for ongoing development and the sale of white label cryptocurrency exchange software. The ICO served as a means to propel the platform forward and realize its vision of creating a robust and interconnected network of cryptocurrency exchanges.
Conclusion:
In the fast-paced world of cryptocurrencies, Birake left an indelible mark by pioneering the concept of white label cryptocurrency exchange platforms. With its commitment to fostering connectivity, providing a customizable experience for exchange owners, and utilizing its native token (BIR), Birake played a significant role in shaping the landscape of decentralized trading.
Birake stands out for being a white-label cryptocurrency exchange platform that offers a central database of openly shared orders among interconnected exchanges. It allows exchange owners to personalize their platforms and aims to achieve high trade volumes through shared assets and orders.
The founders of Birake include the individuals behind the development and launch of the platform, one of them is Bogdan Mavrodin.
