Dima Petrov

Bitlocus limits potential risks, helps avoid unforeseen risks, reduces user costs and simplifies UI / UX. Most importantly, the project provides a one-stop shop solution to allow both traders and investors to utilize fiat currencies on the Bitlocus investment platform. How it works: investors, guided by profit goals and risks, choose the options that suit them, and Bitlocus invests in the selected options. Thus, Bitlocus acts as a full-fledged investment ecosystem, where users can easily contribute fiat assets in DeFi. The platform operates on Bitlocus CEX (crypto / fiat, crypto / crypto), which was officially launched in 2019 with several options for depositing / withdrawing fiat money and is fully AML & KYC-compliant.

Bitlocus' goal is to offer lenders an easy way to benefit from the fast-growing DeFi ecosystem while demonstrating the utility of decentralized finance to the traditional finance community. A major advantage of Bitlocus is their easy-to-use system, accessible to all, even those unfamiliar with blockchain technology and the concept of DeFi.

Who Are the Founders of Bitlocus?

Bitlocus Ltd was incorporated in 2018 in the UK. The company was established by a group of talented managers with vast experience in fintech and e-commerce alongside skilled entrepreneurs, experienced consultants, designers, marketing and business development experts.

What Makes Bitlocus Unique?

Bitlocus (BTL) is a Terra-based project, offering a simple DeFi hub for fiat users. Moreover, the Terra blockchain ensures scalability as needed. Bitlocus can use the available range of DeFi elements that are integrated into the blockchain, while also benefiting from Terra stablecoins.

Bitlocus creates solutions for Fiat investment in cryptocurrency and DeFi with a focus on simplicity, affordability and security:

Offering a simple user interface for an easy and comprehensible user experience, Bitlocus has streamlined the whole process for users. Even a client without special knowledge of crypto can figure out the interface.

Bitlocus sets low prices for platform users and removes the fiat-to-crypto conversion fee. Moreover, investing in DeFi protocol only costs a small fee of 0.5%.

The Bitlocus protection system reduces investment risks, protecting users from ponzi schemes, scams, and abnormal FX rates.

Another highlight of the project is the one-stop shop comprehensiveness. Bitlocus allows interoperability with various DeFi protocols, acting as a unified exchange. A client is not required to interact directly with DeFi.

How Many Bitlocus (BTL) Coins Are There in Circulation?

BTL is a native energy token that fuels the Bitlocus platform, empowering the entire ecosystem. BTL is at the core of the platform's products and services, though not so obvious to fiat investors, it plays a decisive role for token holders.

The total supply of BTL is 500,000,000 coins, and the allocation of tokens is as follows:

30% to Private Sales;

3% to Public Sales;

15% to Marketing;

30% to Liquidity;

10% to the Team;

3% to Advisors;

3% to Development;

6% to Initial Reserve & Legal.

BTL applications:

Making payments on the platform; a discount on service fees is available to users.

Certain functions and services are available only to token holders who own a specific amount of BTL.

Incentives for BTL owners:

If interest in Bitlocus services grows, then the demand for BTL token will increase, and as a result, the value of the token will rise.

How Is the Bitlocus Network Secured?

Bitlocus (BTL) is deployed on the Terra blockchain, which is secured using a proof-of-stake (PoS) consensus algorithm based on Tendermint. Terra has already established itself as a high-speed and reliable blockchain that was created to secure the future of the monetary system.

Let's not forget that any financial investment can be risky. Among these risks are scams, procedure and smart agreement failures, stablecoin de-pegs, pests and so forth. Bitlocus focused on this problem and tried to mitigate and, in some cases, even eliminate the above dangers via hands-on vetting, rate risk hedging, a warranty fund and optional insurance policy options.

Where Can You Buy Bitlocus (BTL)?

As of December 2021, Bitlocus (BTL) is available on Gate.io - a cryptocurrency exchange that has been on the market since 2017.

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