Beaxy Exchange Interview | $BXY, $PLS | Revenue Share Crypto Exchange

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Beaxy Exchange is one of the few Cryptocurrency exchanges that can serve US customers, due to their focus on compliance from day one.

With the likes of Binance withdrawing trading for US customers, and other exchanges following suit, there is a gap in the market. Sure, Binance may have launched the US arm of their exchange recently but, so far, trading is limited to a very small number of coins.

Due to Beaxy following US compliance laws closely from day one, they are uniquely positioned to be able to provide altcoin trading pairs to US customers.

This, combined with the revenue share token offered by Beaxy exchange, caught my attention. Beaxy have two tokens:

1. $BXY - A utility token similar to Binance's native $BNB (discounted trading fees etc.)
2. $PLS - A security token which offers up to a 25% share of the exchange's trading fees generated

$BXY is convertible to $PLS by staking the token; for a minimum of 24 hours. After staking, the $PLS token holders receive their share of the exchange's revenue.

While it should be noted that this is a startup (read: a very risky investment), the nature of the Beaxy tokens, and the underlying economic principles underpinning it, is part of what interests me about the project; especially when we consider that 99% of projects in this sector have useless tokens.
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