What is BTEX? A centralized exchange tends to have various problems on security and privacy protection. Undisclosed transaction fees, KYC (know-your-customer) rule and regulatory impact can also be included. One of the core advantages of decentralized transactions is to avoid any asset being hosted and to have absolute ownership and control over their own assets. Therefore, the possibility of asset theft is extremely low, unless you reveal your private key. This will greatly reduce the user’s trust cost to the exchange. EOS is BTEX 's basic physical network. BTEX is a digital asset trading network on EOS. With EOS's powerful transaction processing capabilities, BTEX can theoretically achieve the same million-level TPS as EOS. BTEX converts between the gateway and other currencies, using on-market matching transactions for currency conversion. BT trades with EOS and other coins issued based on the EOS algorithm all through algorithms. BTEX uses the Bancor agreement to issue its token called BT, which uses EOS as a reserve and has a constant reserve ratio of 20%. The price unit of BT is EOS. BTEX is jointly managed by the gateway and has a related interest in the number of BT (Bit Token). The gateway is responsible for BTEX's connection to the outside world, including various assets, legal currency and digital currency. Tokens based on EOS can be traded directly at BTEX without a gateway conversion.