British Digital Asset Management, a Hong Kong based foundation, has officially announced its upcoming project, i.e., BDAM, whereby it aims to revolutionize the current day finance. The project and its websites are already live and available for community review.
With the BDAM project, the foundation strives to create a complete financial ecosystem. In this vision, the foundation offers a state-of-the-art hybrid digital-asset exchange, i.e., BDAMX, a decentralized payment gateway, i.e., BDAM Pay, a decentralized application store, i.e., BDAM dApp Store, and a native blockchain deployed token, i.e., BDAM Coin.
BDAMX Exchange, the key product of this ecosystem, serves as an innovative crypto-asset platform that uses hybrid technical architecture for combining the best features of both centralized and decentralized exchanges. With BDAMX, the objective is to become the leading cryptocurrency trading platform across ASEAN region Asia by virtue of location, accessibility, usability, its cutting-edge technology, and delivering all in a fully secured trading environment.
The BDAMX Exchange will start its operation by allowing crypto trading in the leading cryptocurrencies with the pairs such as Bitcoin, Ethereum, EOS, BDAM Token, and other selected cryptos. Moreover, the management at BDAM Foundation believes that this platform will serve as a cornerstone of the foundation’s long-term plans for creating an entire financial ecosystem using blockchain and modern-age fintech.
An experienced team is vital for the success of a project. With BDAM, the board has ensured to get onboard a team of early blockchain adopters, experienced developers, security auditors and analysts, dedicated customer support agents, and business development team. The team identified the shortcomings of the existing crypto and financial landscape, which are the main hindrances in the wider crypto adoption, and they will ensure that that BDAMX is not only profound in all aspects, but it also is designed to adapt to the everchanging crypto-market dynamics.
The team recognizes the revolutionary potential and the growing popularity of cryptocurrencies and also understands the issues faced by crypto users on a global scale. Therefore, the BDAMX Exchange Platform will not only serve as a leading crypto asset trading platform but also drive the crypto adoption through a transparent, audited business model and compliance with regulatory obligations. We also understand that regulatory compliance is a must for any exchange; after all, several cryptocurrency exchanges have been banned owing to this deficiency of theirs. We are in this market for the long run, and therefore, we have taken all necessary steps to be compliant.
Concerning the overall security of the Exchange, we have included bank-grade security and privacy features in the Exchange to minimize the risk against attacks. In addition, the Exchange will only be launched after it has been tested thoroughly for the soundness of security. Any security gaps found in the testing will be removed, and the Exchange will undergo several rounds of tests before it is made available to the public for use.
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