BTSE Token (BTSE)

Trading Benefits

BTSE Token lets users save up to 60% on trading fees, especially when staking tokens or based on trading volume. It can be used as collateral for margin trading and futures.

VIP and Rewards

Holding BTSE Token grants VIP status with exclusive perks, higher referral bonuses (up to 40%), and access to special campaign rewards and contests.

Passive Income

Users can stake BTSE Token through the platform’s Earn program to generate passive income.

Platform Services

BTSE Token can be used to pay for platform services such as advanced trading features, OTC services, asset management, and the BTSE debit card.

Governance and Voting

Token holders may participate in voting on platform features and asset management decisions.

Ecosystem Integration

BTSE Token powers the BTSE exchange ecosystem, enhancing user experience and enabling access to various products like spot trading, derivatives, OTC, and lending.

Pros

• BTSE Token holders get up to 60% discount on trading fees, making trading cheaper.
• No fees for depositing cryptocurrencies.
• Supports over 150 cryptocurrencies and more than 50 futures contracts, offering wide trading options.
• Advanced trading features like margin trading, leveraged futures (up to 100x), and zero-fee swaps.
• Runs on the Liquid network, which improves privacy and speeds up transactions.
• Mobile apps available for iOS and Android for trading on the go.
• Token holders can earn bonuses, participate in contests, and vote on platform decisions.
• Supports multiple fiat currencies for deposits and withdrawals.
• Offers staking options with attractive annual percentage yields (APYs).

Cons

• The exchange is not available in some regions, including the US and parts of Europe.
• No NFT marketplace on the platform, limiting NFT trading options.
• Withdrawal fees apply for cryptocurrencies like BTC, ETH, LTC, and USDT.
• Some fiat deposits may have fees ranging from 0.05% to 2%.
• Limited information on token distribution transparency.
• Trading pairs and cryptocurrency support, while broad, may still be limited compared to some larger exchanges.

Overall, BTSE Token enhances trading on the BTSE platform by lowering fees and providing extra features, but geographic restrictions and some fees apply.

Founders

BTSE Token was created by BTSE, a digital asset exchange founded in 2018 by Jonathan Leong and Brian Wong. Jonathan Leong has over 15 years of experience in technology, focusing on building important systems, while Brian Wong brings expertise from both technology and finance sectors.

Key Team Members

Besides the founders, other important figures in the company include Yew Chong Quack (CTO) and Joshua Soh (COO), who help run the business and develop the platform.

Investors in BTSE Token

BTSE Token's investors include several notable firms and investment groups from the crypto and digital asset space:

• FBG Capital: A major digital asset manager known for backing blockchain projects.
• Lemniscap: An early-stage investment firm focused on blockchain and crypto startups.
• CMS Holdings: A global crypto investment firm.
• Taureon Capital: An investment group involved in digital assets.
• GBCI Ventures: A venture capital firm investing in blockchain technology.
• BCB Blockchain: A blockchain-focused investment company.

These investors participated in private sale rounds and helped support BTSE's development and growth.

Halal Status of BTSE Token

• Yes, BTSE Token can be considered halal because it is a utility token used within the BTSE exchange ecosystem, which primarily facilitates trading and services without involving interest (riba) or prohibited activities.
• The token functions as a tool to enhance user experience on the platform, similar to other exchange tokens that are generally accepted as halal by Islamic finance scholars.
• However, the final ruling depends on how the token is used and whether the platform’s activities comply with Islamic principles.

For personalized advice, consulting a qualified Islamic scholar is recommended.