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Digital asset exchange service BitForex has launched BitForex CApp Town to foster the adoption of crypto applications.
In a press release shared on Cointelegraph, the leading exchange explained that BitForex CApp Town is an open platform that will give cryptocurrency users access to a vast range of blockchain-based applications. It will serve as a hub for the most promising blockchain-based applications that could bridge the gap between blockchain businesses and millions of potential users worldwide.
The all-in-one application model is using a decentralized approach unlike other companies with centralized development. Blockchain-based applications have proven to be helpful in addressing real-life problems. However, they couldn’t sustain due to the lack of resources and awareness.
“The launch of CApp Town will boost the adoption of crypto and blockchain applications by connecting them to our massive user base of global traders. We are committed to helping small but promising applications reach their potential through our solid structure. As a leading cryptocurrency exchange, everything we do at BitForex is intended to support the ongoing development of this vibrant industry,” said Garrett Jin, CEO at BitForex.
The first blockchain project available on BitForex CApp Town will be IntoTheBlock, which provides crypto enthusiasts easy-to-read market insights and indicators. The service relies on machine learning algorithms that dynamically monitor and analyze hundreds of on-chain and off-chain factors to spot unique investment opportunities that nonprofessional traders can enjoy.
The cryptocurrency and blockchain projects participating on BitForex CApp Town will enjoy the following benefits:
- Reach BitForex's extensive cryptocurrency-savvy user base of 4+ million holders and traders;
- Boost global awareness by leveraging BitForex's presence in over 180 countries & regions;
- Get access to top-notch big data analytics and transaction reports useful to refine the audience and adjust services.
“We work with BitForex for 2 years already and we see how much they evolve over time,” said Sergei Khitrov, Founder of Listing.help & Blockchain Life. “CApp Town is witness to this fact, many of our clients have already decided to list on BitForex largely because of CApp Town since this will increase the awareness of their brands. CApp Town also contributes to the development of the crypto industry.”
Meanwhile, BitForex is offering its users a chance to grow with them through the Crypto Application Token (CAPP). The CAPP Token will be distributed via BitForex Turbo on April 20,2020, at 12:00 (GMT+8) until 14:00 (GMT+8) with the initial price at 0.0002 USDT. Its total circulating supply will be capped at 10,000,000,000 CAPP.
