Maybe you all think that if you had millions of money, you would have bought BTC and hold it for a long period.
Well, there is 2nd way! When you transfer any of blockchain based coins to blixchain using BLIX bridge, you will have an option to loan interest free money to buy BTC.
Imagine you want to loan 100k USDT to buy 1BTC, qbut you have only 30k USDT. Now in order to loan the 70k you need to transfer your USDT (from ETH or TRX network) to USDT (BLIX Net).
Then while buy the 1 BTC, just hit take interest free loan and you will be able to buy 1 BTC for 30k USDT.
Now there is no liquidation. Just you need to pay 5.54k USDT EMI per month and the 1 BTC will act like collateral.
Now if you unable to pay 3 EMI, an action will happen, and people will be able to buy BTC lower than the market price. The highest bidder will get the BTC and you will get 30% + the % of total BTC you paid EMI, so you are getting your money back with profit or loss.
It’s like, you are saving 5k-6k per month and then buying BTC once you have enough money. But here you’re raising money from BLIX and buying it and then paying the network EMI.
It’s like home loan. Once you pay all your EMI, then the house is yours.
I would say this is a great initiative. This how BLIX is growing their network and chain and breaking the monopoly of blockchain technology.
However, working with BLIX chain is not easy as buying shit coins on presale. BLIX is a completely new technology.
However, BLIX took the initiative. In crypto world, when someone start something, other companies copies the system. So, it’s not that far binance is launching same scheme as they also have BNB network.
As getting hand on a whole BTC is easy. People can buy 1 BTC for 30k, thanks to BLIX Chain, now BTC price will be up and up. Anyone with 30k in pocket and 10k monthly income per month can bag a whole BTC.
So I’m expecting BTC gonna hit 200k within 2025! What do you think?
I believe BLIX is making BTC more safer. As Bitcoin ETFs, Bitcoin Exchanges are all centralised. But BLIX is decentralised & becoming 🐳.