By Dan Carson — Partnership Development Lead, Midas.Investments
Midas announces the listing of Birake (BIR) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
Who are Birake, and what do they offer?
Birake are an innovative shared exchange platform, offering white label exchanges of any size an immediate plug-in solution and the ability to go live from day one through Birake’s shared database concept.
As the cryptosphere continues to grow and gain mainstream adoption, users and investors will need additional, and varied, routes-to-market to gain access to cryptocurrency. Many would-be successful exchanges fail to gain traction in a market dominated by a few key players due to initial lack of liquidity.
With users and traders reluctant to move away from market leaders who offer very liquid markets, the crypto space is, in turn, being subdued by the relatively limited worldwide routes-to-market for potential adopters. Through Birake’s shared database concept, new and instantly mature routes-to-market shall be established for new adopters and investors.
Birake is pioneering the shared database exchange concept, allowing exchanges immediate plugin to the network, providing white label exchanges the ability to retrieve and add data to Birake’s central library, whilst offering customisation of front end branding. This will facilitate the increase of exchanges being able to successfully establish their brand by offering an exchange with high liquidity, rich order history and tight margins immediately.
As a result of the shared database, orders can be placed and filled cross platform, whilst users on the white label exchanges receive the full exchange experience through Birake’s database and software.
What are Birake hoping to achieve?
Birake have ambitions to provide the largest exchange network worldwide, collectively offering the most extensive database of orders and users with their ultimate goal of achieving the highest collective volume traded in the cryptosphere.
With their software currently in development and due for release in early 2019, Birake has released an impressively clean and stylish demo displaying front-end design, as well as some of the functionality and features available in their full product. We encourage you to try the demo at http://demo.birake.com/trade or to watch the accompanying video.
Birake’s exchange demo in action
Within the Birake ecosystem, the BIR coin will prove vital to the functionality of the platform, importantly creating a utility and demand for the coin. As well as traders being able to trade against the BIR coin, BIR will represent the main payment method within the Birake network.
Behind the scenes, BIR will support the Birake ecosystem by offering a means of payment for exchanges using the Birake database/software, whilst BIR will also be the primary currency used as payment for the in the receipt of listing revenue and any income generated and distributed to website owners will be dispersed in BIR.
Why have MIDAS offered Birake (BIR) to our community?
Midas have identified 2019 as the year of utility — projects can no longer exist solely for offering investors masternode rewards. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plans for a real-world utility in a sector that blockchain is poised to disrupt.
It is clear that as the crypto space continues to mature and build user adoption, varied and liquid routes-to-market will be required for new users and investors of cryptocurrency. At the present time, many new exchanges struggle to make an impact on the space. A partnership of a new exchange with Birake will provide their networked exchange a ready-to-go shared database and solution giving potential for immediate traction for their business.
Where can I purchase BIR?
The Birake coin, BIR can be purchased via exchange, and is currently live on a number of exchanges — at the time of writing their primary exchange is Cryptopia, and is linked below. Additional exchanges are planned in the near future to meet the additional needs of their investors.
Can I get more information about Birake?
Website — https://birake.com
Whitepaper — https://birake.com/assets/docs/whitepaper_birake.pdf
Platform demo — http://demo.birake.com/trade
Discord — https://discord.gg/rxgyWg3
Exchange — https://www.cryptopia.co.nz/Exchange/?market=BIR_BTC
Do you want to become a Midas partner?
Midas are looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit https://midas.investments/ for information on our project, team and road map.