Bitkit Introduction
Bitkit is a brand of Bit Singapore Exchange, a Singapore company, with registration number 201727630E, and is a member of the Singapore Cryptocurrency and Blockchain Industry Association (ACCESS). Bitkit is composed of an international team and focuses on providing reliable financial services to global digital asset traders. Its main products include Bitkit Wallet and CoinsDo digital asset payment system.
Bitkit Exchange is a decentralized trading platform based in Singapore, where users can trade ERC-20 tokens directly without intermediaries. By adopting the **Automated Market Maker (AMM)** mechanism, Bitkit replaces the traditional order book with a liquidity pool to provide users with an efficient and fast trading experience.
Core Functions and Features
Bitkit Protocol:
Based on Ethereum's peer-to-peer system, using immutable smart contracts, anti-censorship, self-regulation, and completely open source code.
Achieve low-cost, secure, and efficient digital asset transactions.
Automated Market Maker (AMM):
Replace the order book, convert buy and sell orders into a liquidity pool, and trade directly with the pool.
LP earns transaction fees (0.30% per transaction) by providing liquidity.
User ecology:
Liquidity providers (LP): Provide ERC-20 token liquidity and earn transaction fees.
Traders: Directly exchange tokens without intermediaries, covering speculators, arbitrage robots and DApp users.
Developers: Build decentralized applications, integrate Bitkit protocols, and promote DeFi ecology.
Security and transparency:
Non-custodial wallets, users have full control over assets and private keys.
Support hardware wallets, browser wallets and smart contract wallets.
Efficient performance:
Integrated with StarkWare's Layer 2 expansion technology, it can process 9,000 transactions per second, with low fees and strong privacy protection.
Risk warning
Tax compliance: Trading profits must be taxed according to local regulations. It is recommended to consult a tax advisor.
Trading risks: Digital asset trading is risky, please operate with caution. Bitkit does not provide compensation or guarantee for trading losses.