Burency
| بيورنسي | |
| Type | Bitcoin exchange |
|---|---|
| Location | Dubai, UAE |
| Coordinates | 25°13′16″N 55°17′07″E / 25.221246°N 55.2851972°E Fatal error: The format of the coordinate could not be determined. Parsing failed. .[1] |
| Founded | August 20, 2019 |
| Key people | Mohammad Mazen (CEO) |
| Currency | |
| Website | burency |
Burency is a United Arab Emirates based, fully-insured cryptocurrency exchange, founded in 2019, launched in the first quarter of 2020.[4] [5] [6] [7] [8] The exchange provides cryptocurrency-to-fiat-money trading and provides price information for many cryptocurrencies against the US dollar. Since its launch it has over 90 cryptocurrencies listed on the exchange. Burency ICO raised over 3,000,000$ as a part of the estimated soft cap of 7,000,000$.[2] [6] [9]
Structure
Burency is an advocate for crypto and Blockchain adoption, particularly in the Middle East. The platform is designed to address key challenges that prevent widespread adoption within the cryptocurrency and Blockchain ecosystem such as the exchange’s lack of liquidity and security, unsustainable mining, and unawareness of Blockchain applications to businesses, especially through three major points: Regulated and Fully Insured Cryptocurrency Exchange; Sustainable Mining Operation; Blockchain Research & Development Centre.[10] The Burency exchange is a regulated platform fully insured with coverage provided by Lloyd’s of London.[5] [11]
Burency currency
Burency’s system is governed by Burency’s BUY token. The ERC-20 type token is the primary unit that allows users to trade, request services or bid on mining slots. It’s the basic currency of the Burency ecosystem.[10] [3] [8]
Blockchain Adoption
It aims mainly to introduce the Middle East region to cryptocurrencies exchange through an insured platform to overcome investors’ fears in early stages. Burency is built on top of the Nebbex protocol which is a patent state-of-the-art offline security system that reconciles assets out of the physical value such as DMCC storage vault (a third party insured blockchain-managed physical vault.) and the use of smart contract which then enables all assets to be secured in a deep cold storage.[4] [12] [13] [9] [7]
References
- ↑ "Burency Global". Burency Global.
- ↑ 2.0 2.1 "Burency – The Exchange For Now and The Future | Startup Fortune". May 1, 2020.
- ↑ 3.0 3.1 "Bitcoin.com Exchange Announces Listing of New Digital Asset BUY by Burency – Press release Bitcoin News". June 19, 2020.
- ↑ 4.0 4.1 DESK, PR (October 19, 2019). "Burency: A Crypto Exchange Profiling One-Stop Solution To Security Challenges".
- ↑ 5.0 5.1 "DocSend - Simple, intelligent, modern content sending". DocSend.
- ↑ 6.0 6.1 "Burency Crypto Exchange to launch in UAE". Unlock Blockchain. October 24, 2019.
- ↑ 7.0 7.1 "Google Translate". translate.google.com.
- ↑ 8.0 8.1 "دبي تحضن أولى المنصات الرقمية المؤمنة بالكامل". أخبار عجمان.
- ↑ 9.0 9.1 "دبي تحتضن أولى المنصات الرقمية المؤمنة بالكامل - اقتصاد - محلي - الإمارات اليوم". www.emaratalyoum.com.
- ↑ 10.0 10.1 "Burency - Whitepaper". ICObench.
- ↑ "Dubai launches 1st secure digital currency platform". www.gulftoday.ae.
- ↑ Contributor, Guest (October 23, 2019). "Investing in Blockchain Pioneer of Dubai is Now Possible – Burency is Seizing the Initiative".
- ↑ Loggia, Rob. "Burency Looks To Bridge The Gap Between Old World Finance and Cryptocurrency". LoggiaOnFire.
External links
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creating a page refined with credible sources and neutral information. I have managed to overcome the previous errors I committed last time I tried to create a page thanks to a very kind user:CommanderWaterford
as the kind administrator cleared it out for me; I've added credible sources according to Wikipedia credibility rules and added sources that entirely discuss the platform and not only mention it as the dear administrator told me to do. One of the sources is in Arabic but it's from a credible UAE newspaper therefore I had to mention it. Thank you so much for your kind review hopefully my article makes it this time.
the sources I added are 7 new links can be found in the article above some of the sources: دبي تحتضن أولى المنصات الرقمية المؤمنة بالكامل - اقتصاد - محلي - الإمارات اليوم دبي تحضن أولى المنصات الرقمية المؤمنة بالكامل Burency Crypto Exchange to launch in UAE Dubai launches 1st secure digital currency platform burency: Liquidity Is Now A Major Concern of Traders Across Crypto Exchanges - However, this is the Burency solution
This article "Burency" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Burency. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
